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Friday, June 29, 2007 2:15:15 PM
Thanks.
KMS (6/29/2007)
A: Thanks for writing. As you mentioned, Amergence is now trading at the increased share price and we are now attracting the attention of potential partners - both business and financial. Our goals this year include the acquisition of 5 or 6 companies which we believe represent tomorrow’s "hot" properties. You can expect news shortly regarding both Sonic Mountain/Odeo.com and another business partner in the works.
As you observed when we chatted on the phone, the market makers will take time to establish an initial price range for Amergence shares, but we feel that no matter where that price initially settles, our ability to consistently add new business and associated revenues will rule the day. We believe the Company has been be greatly enhanced with this new capital structure, and you should know that everyone at Amergence and its subsidiaries, TranzByte and Sonic Mountain/Odeo are working full-tilt to actualize a successful result for our shareholders.
More to come...
Ask Amergence
ABOUT THE AMERGENCE GROUP
The Amergence Group (AMNG.PK) identifies, nurtures, and expands selected emerging companies across a wide range of industries and disciplines. The primary goal of the new business development enterprise (BDE) is to coordinate services and activities that foster and promote a business environment capable of accelerating the growth of innovative companies. The Company attracts new and early growth businesses that wish to take advantage of resources not generally available to them, such as mission-critical capital, in addition to legal, accounting, and public relations resources. In exchange, the Company will retain a small minority ownership position in the promising new businesses. The Company is currently reviewing comprehensive due diligence packages from a number of potential target companies, ranging from the medical, legal, and entertainment industries.:
Company Contact: Investor contact:
Peter H. Jacobs Investor Relations
480-443-1600 480-443-1600
peter@amergencegroup.com 4press@amergencegroup.com
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
This news release contains predictions, projections and other statements about the future that are intended to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of l995 (collectively, "forward-looking statements"). Forward-looking statements relate to various aspects of the Company's operations and strategies, including but not limited to the effects of having experienced significant losses in the past and the risk that the Company may incur losses in the future; the Company's limited liquidity and significant indebtedness; its sales forecasts for future periods not being attained and the risk that the Company will not conclude additional revenue-generating license agreements covering its content protection and enhancement technologies; the Company's marketing, product development, acquisition investments, licensing and other strategies not being successful; possible future issuances of debt or equity securities; the possible incurrence of significant patent litigation expenses or adverse legal determinations that find our patents not to be valid; new business development and industry trends; the possible need to raise additional capital in order to meet the Company's obligations and most other statements that are not historical in nature. Important factors that could cause actual results to differ materially from those described in the forward-looking statements are described in cautionary statements included in this news release. In assessing forward-looking statements, readers are urged to consider carefully these cautionary statements. Forward-looking statements speak only as of the date of this news release, and the Company disclaims any obligations to update such statements.
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