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eMax Holdings Corporation Announces Significant New Capital Investment and Restructuring |
eMax Holdings Corporation Announces Significant New Capital Investment and Restructuring |
| Written by Roxanna Weber | |
| Sunday, 13 April 2008 | |
|
ORLANDO, Fla., April 14, 2008 – eMax Holdings Corporation (PINKSHEETS: EMXC.PK) today announced that In recent months EMAX has invested 50,000,000 shares of its capital stock, at $0.025 per share, into the company, eMax Technology Group, Inc.; and in addition EMAX has continued it’s investment in real estate projects through the company, Katrina Re-Development Group where EMAX has invested 50,000,000 shares of its capital stock, at $0.025 per share. Both of these investments serve to improve EMAX shareholder’s interest in these companies. The company notes these ongoing investments have increased its issued and outstanding shares to 807,475,770 as of this date.
Over recent years EMAX and their management has invested heavily in the development of new and innovative technologies and Real Estate development projects. EMAX will continue positioning itself as a holding company specializing in new business development. Going forward, EMAX intends to continue investing in the acquisition and development of unique business opportunities and to bring these companies to the OTCBB and distribute its interests and or gains in those companies to its shareholders. Accordingly, the Board of Directors today announced that the controlling shareholders and the Board of Directors signed a resolution to change the company’s capital structure and the company will execute a 1 for 100 reverse split of its common stock. The effective date will be announced in upcoming weeks. These capital changes will result in a more manageable 8,074,770 shares issued and outstanding at an adjusted minimum book value of $4.00 per share (unaudited). This restructuring now repositions EMAX to repeat the process in a new cycle of business development and shareholder dividends. About eMax Holdings CorporationeMax Holdings Corporation is a diversified holding company investing in multimedia, family entertainment, broadcasting, communications, high-end technologies, electronics, real estate and finance industries through four companies, eMax Media Group, eMax Technology Group, eMax Networks Group, and Gold Rush Network Group. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward- looking statements involve risks and uncertainties. SOURCE: eMax Holdings CorporationBy Staff CONTACT: eMax Holdings Corporation Roxanna Weber (352) 432-5894 This e-mail address is being protected from spam bots, you need JavaScript enabled to view it www.emaxcorp.com |
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