Emaji Purchases $410,951 in Convertible Notes From Note Holders
Emaji Nears Goal of Eliminating Third Party Long-Term Convertible Debt
IRVINE, CA -- (Marketwired) -- 11/12/15 -- Emaji, Inc. (OTC PINK: EMJI) announced today that it has purchased $410,951 in long-term convertible notes from third party note holders and has thereby vastly reduced the potential for future dilution to its common stock.
This purchase and the recent buy back and cancellation of 1.4 billion common shares have been made possible through funding provided by current Emaji stockholders.
Over the past year, Emaji has significantly improved its balance sheet and capital structure to serve as a foundation to building a strong enterprise with significant revenues.
More details will be announced when the Company issues its third quarter report this month for the quarter ended September 30, 2015, which will be available at www.otcmarkets.com.
As announced on April 27, 2015, the company affirms its commitment to (i) not reverse its common stock, and (ii) not issue any new convertible debt.
Additional information about Emaji can be found in the Company's reports and filings at www.OTCMarkets.com and on the Emaji website at www.emaji.com.
About Emaji:
Emaji, Inc. (OTC: EMJI), based in Irvine, California, is a publicly traded development stage company with three divisions: Sports, Entertainment, and Ventures.
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