Media Holdings International Inc. Restructures & Acquires AeroQuest Technologies Inc. in Share Exchange

SOURCE:

Media Holdings International

2008-08-04 08:07:00

Media Holdings International Inc. Restructures & Acquires AeroQuest Technologies Inc. in Share Exchange

Media Holdings International Inc. Restructures & Acquires AeroQuest Technologies Inc. in Share Exchange

SALT LAKE CITY, UT–(EMWNews – August 4, 2008) – Media Holdings International Inc.

(PINKSHEETS: MDHG) — AeroQuest Technologies Inc. is a dynamic new company

that has been developing and refining its technology over the last twelve

years. The controlling shareholders have a combined personal investment

over $1.8 million in AeroQuest and in addition, have generated an

additional $600,000 in prototype development from the recreation vehicle

and over-the-road tractor & trailer industries.

AeroQuest Technologies won the 2007 Utah Innovation Award for Outstanding

New Technology in the Chemical/Materials Category of the awards. The

technology consists of combining fiber reinforced polypropylene composite

materials with the company’s “Chassis-less Transportation Vehicle” patent

to produce a wide variety of lightweight (30%-50% lighter) transportation

products (utility trailers, truck bodies, recreation vehicles, horse

trailers, delivery vans etc.) to be marketed to an industry that is

estimated at $3.0 billion annually. AeroQuest’s products are redefining the

market for lightweight transportation vehicles with our award winning

technology, ensuring greater performance than anything in today’s market.

In an exchange of shares, on February 15, 2008, Media Holdings

International Inc. issued 60,000,000 shares of its common stock for 100% of

the common stock of AeroQuest Technologies Inc. of Salt Lake City, Utah.

As a result of the share exchange the shareholders of AeroQuest

Technologies, John Ohlin, President/CEO, and Bruce Romesburg, Vice

President – Technology, each of whom owns 30,000,000 shares, become the

President/CEO and Vice President of Media Holdings, respectively, and are

the controlling shareholders.

Additionally, on March 19, 2008, NASD approved the previously announced 1

for 1,000 reverse stock split prior to the issuance of new shares as

referenced above. Current shares outstanding total 75,062,981 and the

public float is 15,062,981 shares spread among 203 shareholders. A Form 211

has been filed with FINRA on April 15, 2008.

For complete information on the Company including financial information

please go to our web site. www.aeroquesttechnologies.com

Except for historical information contained herein, the statements in this

release are forward-looking statements that are made pursuant to the safe

harbor provision of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements involve known and unknown risks and

uncertainties that may cause the company’s actual results in future periods

to differ materially from forecasted results. Such risks and uncertainties

include, but are not limited to, market conditions, competitive factors,

the ability to successfully complete additional financings and other risks.

Contacts:
David Lehmberg
Investor Relations
801-733-5244

Jack Halperin
Sec. & Corporate Securities Attorney
212-695-3240

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