NEWBURY PARK, Calif. & OSAKA CITY, Japan, May 01, 2006 (BUSINESS WIRE) --
EGM International, Inc. ("EGM") (OTC: EGML), a Delaware
corporation, announced that it has signed a share exchange agreement
with Easy Modern Works Co., Ltd. ("Easy Modern Works") a Japanese road
pavement materials manufacturer headquartered in Osaka, Japan.
The terms of the proposed share transaction are as follows: EGM
will exchange 8,000,000 shares of its common stock with the
shareholders of Easy Modern Works for 100% of the issued and
outstanding common stock of Easy Modern Works. Upon conclusion of the
proposed share exchange transaction the shareholders of Easy Modern
Works Co., Ltd. will own approximately sixty percent (60%) of the
issued and outstanding common stock of EGM International, Inc.
Easy Modern Works is a manufacturer of road pavement material made
of recycled concrete utilizing a patent pending manufacturing process.
The resulting pavement material is highly durable with the ability to
absorb and withstand high temperatures over a sustained period of
time.
Certain statements contained in this press release may be
forward-looking in nature. The likelihood of the transaction discussed
going forward is subject to a variety of risks and uncertainties and,
consequently investors should not assume that the transaction will be
consummated. Factors that could cause the transaction not to go
forward include, but are not limited to, the following: (1) failure to
obtain shareholder approvals for the transaction; (2) unfavorable
economic and industry conditions , and (3) other unanticipated
conditions and developments. Neither EGM International, Inc. nor Easy
Modern Works Co., Ltd. make any commitment to revise or update any
forward-looking statements in order to reflect events or circumstances
after the date any such statement is made.
SOURCE: EGM International, Inc.
Fetzer & Company
Alan Fetzer, 702-562-4383
afetzer@aol.com
Copyright Business Wire 2006
