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MP2 Technologies: MP2 Technologies Announces President's Open Letter to Shareholders

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  Published in Stocks and Investing on Tuesday, May 19th 2009 at 6:42 GMT, Last Modified on 2009-05-19 06:42:47 by Market Wire
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IRVING, TX--(Marketwire - May 19, 2009) - MP2 Technologies (MP2)(PINKSHEETS: [ MPTO ]) commented today through its President, Patrick Thomas, on the recent volatility in its stock price and the performance of it overall business. In his remarks, Mr. Thomas made it clear that he believed that there were no material changes in the MP2's business that would affect the Company's stock price negatively.

Mr. Thomas stated, "I would like to address the recent volatility in our stock and what I believe to be the condition of MP2 at this juncture. We are pleased with recent higher valuations in our stock price and my main purpose in this statement is to let our shareholders know that we continue to be on target with our current sales, backlog, and our progress with setting the stage to meet our objectives for the next 12 months. Our management team is very pleased with our results thus far and with the recent increases in the Company's stock price. We believe these stock price increases to be a reflection of the Company's performance and an acknowledgement of this flourishing time at MP2 by our shareholders. We value our shareholders and appreciate their patience as natural fluctuations continue in the market for our stock."

The Company pointed to its press release yesterday of a new agreement with Bayside Holdings, Inc. and its previous release May 7, 2009 related to progress in its new parts and services business in its wholly owned subsidiary, Weatherly Aircraft Nevada, Inc. as indicators of their latest progress.

MP2 Technologies, Inc. serves as a holding company for technology and service related businesses that can share common management resources and access to marketing channels. New acquisitions will be announced over time as opportunities that fit the company's acquisition profile become available. Acquired companies will benefit from MP2's public company expertise, executive management, and sales and marketing contacts throughout the world. More information on the company can be found at their website at [ www.mp2technologies.com ].

Safe Harbor Act Disclaimer: Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.