Microelectronics Technology Co (OTCMKTS:MELY) reported the results after attending and showcasing its products at the Bitcoins Conference. BTC Pool Party, on behalf of the company, was an active participant in the conference this past April 27 to April 29. BTC Pool Party was also a Sponsor for the Conference and participated with a show during the Conference.

The details

Microelectronics stated that the attendance for the conference was almost 1,300 participants, companies and individuals representing all aspects of the virtual currency community. The attendance figure was more or less same reported in 2014 conference. Majority of the participants came at the BTC Pool Party show to know about the transparency of the pool and the technology on which it is functions. They also wanted to know the process using which the Company is strengthening its position in the Bitcoin community.

The measures

Microelectronics extended its recognition during the conference 2015 and developed strong relationships with developers and manufacturers of the new chip technology. It entered into active communication with the specific developers and manufacturers invested in supplying Microelectronics with a growth in mining production.

The expert view

President Brett Everett said that Microelectronics is delighted to be asked to assist in the development of ‘friends of the pool initiative.’ The goal of pool is to create a group of companies working together to promote and support the respective industry. It is a strategic time for BTC Pool Party and Microelectronics growth. The group intended to attract other miners, and also the efforts yielded positive results. There is a list of potential miners who expressed desire to become a part of BTC Pool Party.

In last trading session, the stock price of MELY declined more than 21% to close the trading session at $0.00665. The decline came at a share volume of 9.30 million compared to average share volume of 533,220.