"The company is preparing in the very near term to establish and implement a fixed price tender offer, with a premium offered over the current market price, and to further state that the company believes the company's equity is undervalued."
eMax Holdings Corporation Has Initiated a Stock Buy Back Program
SALT LAKE CITY, UT, Nov 24, 2010 (MARKETWIRE via COMTEX) -- eMax Holdings Corp. (PINKSHEETS: EMXC), recently renamed eMax Worldwide, Inc. (www.emaxworldwide.com), today announced that they have commenced a buy back program of their common stock. The CEO, Roxanna Weber, stated the buy back program will be multifaceted. Roxanna Weber stated, on Monday of this week, "We have started to buy stock out of the open market." As the company acquires the shares they will request their brokerage firm monthly to remove the shares from the float by ordering up certificates and this measure will begin to reduce the shares in the float. Also, over the past two weeks, the company has successfully enlisted the support of other investment groups to suggest they should buy shares out of the market and accumulate for long term investments. In addition, the company is preparing in the very near term to establish and implement a fixed price tender offer, with a premium offered over the current market price, and to further state that the company believes the company's equity is undervalued. The company is committed and is preparing currently to file any and all necessary filings with the SEC, NASDAQ, and the OTCIQ markets representing their quarterly buy back activities. The company truly is committed to the share buy back program for a very long time and to such time as the company's market value is reflective of its true book value.
About eMax Worldwide, Inc.
eMax Worldwide, Inc. (www.emaxworldwide.com) is a diversified holding company investing in family valued multimedia, entertainment, communication, broadcasting, high-end technologies, and real estate and finance industries through two corporations: EMAX Media Group and EMAX Finance, Inc.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.
Contact:
Roxanna Weber
nfo@emaxworldwide.com
(850) 638-3920
Investor Relations
Patrick Murray
Level Stock
levelstockpicks@gmail.com
SOURCE: eMax Holdings Corporation
CONTACT: mailto:nfo@emaxworldwide.com
mailto:levelstockpicks@gmail.com
Never buy a stock based on my opinion of that stock.Form your own opinion by doing your own DD.My opinion on any stock I buy can change without notice.I am not a licensed broker and I don't really know what I am doing.
