This past month has been a very challenging month for our company. On April 4, 2012 the SEC suspended our trading for two weeks. Upon this action occurring, our Board of Directors immediately began to further work with our legal counsel and auditing firm to evaluate what was needed to resolve this action. Our office contacted the SEC in writing this month and was informed by their office what is required administratively to get in full reporting status with their offices. In addition, our company is in the process of retaining the services of a local CPA firm and further legal counsel to work alongside our Board of Directors and auditors. eMax Worldwide has been working diligently the past few weeks to assess the filing requirements by the SEC and the OTC markets to further comply with the reporting requirements by those organizations. Below are four important key facts our Board of Directors would like to point out to EMXC shareholders.
1) The company recently filed its updated year end 2011 financials with OTCmarkets.com 2) The company is working with FINRA and their transfer agent to complete all dividend distributions. 3) The Board of Directors has been interviewing additional corporate management to oversee the administration and financial affairs of the company. 4) The company is retaining the services of the correct firm needed to file the necessary documents which will allow EMXC to have the appropriate market support in order to trade again on the proper OTC markets trading exchange.
eMax Worldwide Corp is committed to resolve all administrative filing responsibilities and to continue to grow the company for all shareholders interests. At this time, the company and its Board of Directors extend their appreciation and gratitude to all shareholders and investors for their ongoing support, time and patience in this matter. We will continue to keep our shareholders and the investment community informed of our progress on a regular basis.
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