MIT Capital Inc.'s Tender Offer To Buy Meade Instruments Corp. For $3.65 Per Share Expired On July 19, 2013

 MIT Capital Inc.'s Tender Offer To Buy Meade Instruments Corp. For $3.65 Per
                        Share Expired On July 19, 2013

PR Newswire

SAN JOSE, Calif., July 23, 2013

SAN JOSE, Calif., July 23, 2013 /PRNewswire/ --MIT Capital Inc. and
VictoryOne Inc.(together "MITC")'s tender offer to acquire all of the
outstanding common stock of Meade Instruments Corp. ("Meade") for $3.65 per
share in cash expired at 12:00 midnight, New York City Time, at the end of day
on Friday, July 19, 2013.

The depositary for the tender offer, VStock Transfer, LLC, informed MITC that
at the expiration approximately 15,760 shares of common stock of Meade had
been validly tendered and not withdrawn pursuant to the tender offer

Because the tendered shares, together with the shares then owned by MITC, did
not represent at least a majority of the total number of shares of Meade
outstanding on a fully-diluted basis, the minimum tender condition to the
tender offer was not met and MITC did not accept any of the shares tendered
pursuant to the tender offer. All tendered shares are being promptly returned
to the tendering shareholders.

About MIT Capital Inc.

MIT Capital Inc. and its affiliates sell, manufacturer, and distribute laser
and optics products, data logger, and other instruments globally and in
emerging markets. Led by the award-winning entrepreneur and well established
business leader Jason Tian, MIT and its affiliates have extensive sales and
distribution channels, financial resources, manufacturing facilities and
expansion capabilities, and a deep management team focused on developing
technologies and products marketable and desired by their customers.

Important Information

This communication is neither an offer to purchase nor a solicitation of an
offer to sell any shares of the capital stock of Meade Instruments Corp. or
any other securities. MIT Capital Inc. and VictoryOne Inc. have filed an
amendment to the tender offer statement on Schedule TO/A, with the United
States Securities and Exchange Commission (the "SEC"). INVESTORS AND SECURITY
HOLDERS ARE URGED TO READ THE AMENDMENT TO THE TENDER OFFER STATEMENT, AS
FILED, BECAUSE IT CONTAINS IMPORTANT INFORMATION. Investors and security
holders may obtain a free copy of these statements and other documents filed
with the SEC at the website maintained by the SEC at www.sec.gov.

Contact:
MIT Capital Inc.
97 E Brokaw Rd, Suite 210
San Jose, CA 95112
Phone: 408-329-6148

Cindy Wang
cwang@terracap.com
TerraNova Capital Partners

SOURCE MIT Capital Inc.
 
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