DALLAS, Aug. 29, 2005 (PRIMEZONE) -- Today Brian Dean, Publisher of OTCPicks.com, announced that the Web site has issued a new Profile Report on MidNet, Inc. (OTCBB:MIDX). The report discusses MidNet's core technology, MidNet's Media Phone, their competitive advantages and business strategy. The report is authored by OTCPicks.com Senior Investment Analyst Shailesh Dhuri, CFA.
This report is being published on OTCPicks.com and can be viewed at http://otcpicks.com/reports/MIDX_082905.php.
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About MidNet:
MidNet Inc. (OTCBB:MIDX) is a development-stage technology company that is focused on exploiting the emerging opportunity to provide full private network services to a variety of industries. It has developed a proprietary fully private network known as "The Middle Network". "The Middle Network" is a secure, high-speed communications platform designed as a complementary and effective commercial alternative to the Internet. MidNet invested three years in the development of The Middle Network before its commercial launch in June 2004. The company is initially focusing on offering its services to the media industry, followed by similar plans to service the government, energy and medical markets.
About OTCPicks.com
OTCPicks.com is an Internet destination for investors seeking information on small-cap and micro-cap companies. The Web site features companies in Profile Campaigns, Executive Interviews and Profile Research Reports authored by our financial writers. OTCPicks.com puts out a daily newsletter to subscribers and daily M2 Presswire releases covering hot OTC and OTCBB stocks. To feature a company on OTCPicks.com or to get further information about OTCPicks.com services, please contact our publisher, Brian Dean at 972-546-3740 or publisher@otcpicks.com .
This press release contains statements relating to future results of MidNet, Inc. (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in MidNet's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Disclosure: OTCPicks.com has been compensated $10,500 by a third party for this report and other advertising and promotional services. OTCPicks.com is not a registered investment adviser or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this Web site is suitable or advisable for any person or that an investment such securities will be profitable.