Ding King Signs Agreement With Take2Direct for Production of Infomercial and Expects 2014 Revenue in Excess of 10 Million
COSTA MESA, CA--(Marketwired - Sep 26, 2013) - mLight Tech, Inc., a fully reporting Florida based corporation (OTCQB: MLGT), announced today that The Ding King Training Institute, Inc. has signed an agreement with Take2Direct of Corona Del Mar, CA to produce a 30-minute long form business opportunity infomercial called, "Turning Dents Into Dollars."
Production will commence in October with media testing beginning on air in December with an anticipated national rollout in January 2014. "Turning Dents Into Dollars" is expected to air throughout 2014 with revenues anticipated to exceed 10 million in sales.
mLight Tech CEO Todd Sudeck explained, "Ding King had tremendous success on television with its Do-It-Yourself Dent Repair Kit featuring Billy Mays (watch commercial) and is anticipating an even greater success with our newest business opportunity infomercial. Our mission at The Ding King Training Institute is to provide an exciting and financially rewarding opportunity for people who want to own their own business."
The Ding King Training Institute has signed a binding Letter of Intent to become a wholly owned subsidiary of mLight Tech, Inc., pending completion of a financial audit which is expected to be delivered within the next few weeks.
ABOUT DING KING
The Ding King Training Institute is a Bureau for Private Postsecondary Education (BPPE) approved institution, and has been certified to meet the minimum standards established by the Bureau for integrity, financial stability, and educational quality, including the offering of bona fide instruction by qualified faculty and the appropriate assessment of students' achievement prior to, during, and at the end of its training programs.
The Ding King Training Institute teaches Paintless Dent Repair and other Automotive Appearance Programs. Ding King's Paintless Dent Repair Tools are distributed on over 3,000 Snap-On Tool Trucks nationwide and its do-it-yourself dent repair kit called Ding King was marketed on television and sold at major retailers across the United States.
mLight Tech, Inc. (OTCQB: MLGT) trades on OTCQB, the venture state marketplace for companies that are current in their reporting with a U.S. regulator (SEC, bank, insurance).
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of mLight Tech, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.