eMax Worldwide Inc. Dividends, Compliance, Buyback, and Operations Update
SALT LAKE CITY, Aug. 5, 2011 /PRNewswire/ -- eMax Worldwide Inc. (Pinksheets: EMXC), www.emaxworldwide.com a diversified holding company, updates their shareholders on their progress regarding Dividends, Compliance, Buyback, and Operations.
Dividends As many as you know the company has paid for the outstanding dividends to be paid. The process to send dividends to shareholders has started and we expect this process to last over the next two weeks. Due to the multiple of dividends in stock certificates from 2003, this has not been an easy task. We acknowledge that the difficulty of this process was self induced. We are fortunate at this juncture of the company's operations, that we are finally able to correct these deficiencies. It is exciting to be a part of eMax and over the next two weeks, all shareholders entitled to past dividends will receive them by mail or in their brokerage accounts. Be advised, that all dividends are restricted and make up approximately 180,000,000 shares of the existing common stock in the company.
Compliance
Compliance is one of our main focuses. By ensuring that all necessary legal paperwork and filings are complete and timely, it enables our company to proceed on many fronts. The company is currently finishing the work to file forms with the otcmarkets.com, FINRA and the SEC to become more fully reporting with all these agencies. eMax Worldwide is working diligently this month, with their legal counsel and financial auditors, towards completing all necessary administration work required to finish all current audits and necessary SEC filings with the agencies listed above.
Buyback
The buyback continues and will until our goals are reached. We have filed the necessary documentation with the state of Utah to lower the outstanding share structure to 1,500,000,000 and the authorized share structure to 2,000,000,000. Upon said filing being recorded and updated, we will file the next reduction to our share structure. The company's strategic plans and future goals have set an optimum target of a common share structure in the neighborhood of 750,000,000 authorized and 500,000,000 outstanding.
Operations
eMax Worldwide is currently engaged in various acquisitions, investments and negotiations for a magnitude of revenue streams for its companies. Over the course of the next few months, many of these dynamic avenues will be disclosed in full. We will notify shareholders at the closing or final realization of revenues as well as provide full disclosure upon filing of consolidated financial reports and filings.
As an example, recently the eMax Media company formed a new eMax Healthy division and announces a distribution agreement with Jeunesse, http://www.emaxhealthy.jeunesseglobal.com. Jeunesse was founded to provide a comprehensive anti-aging product offering of youthful innovations, comprised of both nutritional and skin care products. Even the name "Jeunesse" evokes a powerful symbolism of this anti-aging mission since the meaning of this corporate name is "youth." The expansion of an aging population in tandem with a parallel explosion in the anti-aging industry has created one of the most significant social and economic mega trends in the world today. Roxanna Weber, President of eMax Worldwide stated, "We are very excited about the distribution relationship eMax Media has secured. The Jeunesse Product line is one of the most exciting and positive results generating healthy product lines that eMax markets and sells. Roxanna stated, "I stand by all previous statements up to this date. After all current business has been negotiated and contracted then eMax can and will announce those new additional business activities as well."
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, including, without limitation, the future press releases of eMax.
Contact Rockport Equity, LLC
David Helmcamp
Dan Capozzi
443-567-6983
[email protected]
SOURCE eMax Worldwide Inc.
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