Vault Technology Withdraws Letter of Intent to Acquire Presentation Concepts Corporation

FORT LAUDERDALE, FL--(Marketwire - April 29, 2009) - Vault Technology, Inc. (OTCBB: VULT) today announced that it has withdrawn its Non-Binding letter of intent to acquire 100% of the outstanding shares of Presentation Concepts Corporation (PCC) that was previously announced on November 21st, 2008.

"When we commenced our conversations with PCC last year, we did not expect the market drop or the freezing of the equity markets. It's no secret that the current market conditions are extremely tough for obtaining financing for projects like ours," said Nick Arroyo, President and CEO of Vault Technology. "We wish Joe Musumeci and the PCC team continued success," added Arroyo.

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