eMax Worldwide, Inc. Announces Retirement of One Billion Common Shares and Further States Upcoming Stock Dividend Issuances
SALT LAKE CITY, July 5, 2011 /PRNewswire/ — eMax Worldwide, Inc. (Pinksheets:EMXC), www.emaxworldwide.com a diversified holding company, announces their Board of Directors and founders have decided to implement phase two of our strategic plan by converting approximately 1,000,000,000 shares of common stock into the company’s Preferred Series A stock and simultaneously, retire to treasury at least 1,000,000,000 shares of common stock initially. The company currently has approximately 2,650,000,000 common shares outstanding at this time. The conversion of common stock into the Preferred and the retiring of the said common shares will bring the current shares outstanding below 1,650,000,000. Effectively after the common shares have been exchanged into the Preferred Shares, the company plans to reduce the company’s authorized shares to 2,000,000,000 shares. Our strategic plans and future goals have set an optimum target of a common share structure in the neighborhood of 1,000,000,000 authorized and 800,000,000 outstanding. We have more to accomplish to obtain this future goal, and will continue to strive in all operations to achieve it . This plan will continue to be implemented by our increasing efforts in our announced buy back program.
eMax Worldwide has also recently announced their partly held company, eMax Media Inc, has completed the Merger Takeover of the publicly trading company, Mindpix Inc., (“MPIX”), The Board of Directors and founders of the eMax Media subsidiary company have decided to convert approximately 225,000,000 shares of common stock that they will receive in the merger with Mindpix into the eMax Media Inc’s Preferred Series A stock and at the same time retire to treasury at least 225,000,000 shares of the 400,000,000 expected shares of Mindpix common stock.
The President of eMax Worldwide, Roxanna Weber stated, “Due to continual growth in both companies, the respective Board of Directors and founders of both companies feels it is in the best interest of all parties to reduce both companies issued and outstanding common stock as well as, decrease the authorized shares of eMax Worldwide. The structures of both companies are being changed in a unique way, that we believe, provides a solid step forward in positioning the companies for the future. The founders of both eMax Worldwide and eMax Media believe these events will aid in restoring the company’s market capital value to reflect it’s real value, with the focus on increasing revenues and earnings while decreasing the amount of common stock that is available in the public market.” Mrs. Weber also states that if any current common stock holder in either eMax Worldwide or eMax Media group would like to join the other founders in converting their common stock into Preferred A Series Shares, then they should call the company directly to discuss the procedures and paperwork that is required to do so.
eMax Worldwide is extremely busy in preparing the mailing of several dividends owed to shareholders in eMax Worldwide and in the newly acquired public company, Mindpix by eMax Media Inc. Mrs. Weber states that all shares being issued will initially be restricted shares. eMax Worldwide and eMax Media’s SEC attorneys will prepare the required filings and necessary registration statements to be filed with the SEC and FINRA.
eMax Worldwide announced on June 23, 2011, that they filed a 8K with the SEC to announce a new stock dividend to be issued in the publicly trading company Mindpix Corp. (“MPIX”) and on June 28, 2011 Mindpix filed an 8K to announce the terms of the merger with eMax Media Inc. Both eMax Worldwide and the Mindpix management are currently working to update all information at otcmarkets.com , http://otcmarkets.com, FINRA, and with the SEC. Both companies are very busy with the focus on getting all dividends out to their shareholders and working with their legal and auditing professionals to get all their current filings up to date with the SEC.
eMax Worldwide, Inc. (“EMXC”), announced recently, the partly owned and UN-affiliated company, eMax Media Inc., completed a merger agreement with the publicly trading company MindPix Corp, (“MPIX”). eMax Media shareholders will exchange forty million (40,000,000) shares of its restricted common stock (the “eMax Media Shares”) for four hundred million (400,000,000) shares of restricted common stock in MINDPIX, representing 80% of all of the outstanding common shares and 100% of all the preferred shares of MINDPIX (the “MINDPIX Shares”). Should Mindpix stock not reach the value of $.10/share within 30 days of closing then Mindpix agrees to issue more shares to make up for the values outlined in the terms of the agreement to acquire the eMax Media shares; and in addition for the retirement of a total of $2,378,500 in Mindpix liabilities . As a result of the closing of the Agreement, eMax Media shareholders own approximately eighty and 88/100 percent (80.88%) of the 494,521,084 outstanding shares of record of the Common Stock in Mindpix Inc. The merger agreement also states that 400,000,000 shares of common stock in eMax Worldwide and 5,000,000 shares of common stock in Mindpix were placed and held in the treasury of Mindpix for potential future capital costs of the company. The eMax Worldwide common shares are restricted and eMax Worldwide plans to retire those shares in the very near term. Those shares were issued prior to the dividend date for the specific intent to increase the dividend ratio for the EMXC shareholders only. eMax Worldwide shareholders currently own approximately 24% of eMax Media Inc.
eMax Worldwide, Inc., (“EMXC”), shareholders will receive one common share in Mindpix Corp for every 32 shares of common stock that is owned in EMXC, as of the record date previously announced of June 15, 2011. There have been no changes to the date of June 15th, 2011. This is a $.0031 share stock dividend gain to the eMax Worldwide shareholders. eMax Worldwide is working towards having the dividend in Mindpix issued to their shareholders by the end of July 2011
eMax Worldwide, Inc. is also currently completing the issuance of stock dividends from earlier announced dates. Each shareholder will receive a new common share of stock in eMax Worldwide for every 1.84 shares they held in the company as of the record date of May 15, 2007 . Each shareholder will receive a new common share of stock in eMax Worldwide for every 3.64 shares they held in the company as of the record date of June 15, 2007. Each shareholder will receive a new common share of stock in EntertainMax Inc. for every 3 shares they held in the company as of the record date of March 15, 2005. Each shareholder will receive a new common share of stock in Freedom Entertainment for every 9 shares they held in the company as of the record date of March 15, 2003.
All shares in Mindpix scheduled to be issued in this stated Mindpix /eMax Media merger, and all shares being issued by eMax Worldwide currently as stock dividends must meet proper registration and exemption rulings under the Securities Act of 1933. All dividend shares being issued at this time, will be restricted until such time as all respective corporate registration and exemption filings and reports have been made and approved by the SEC. Mindpix, Inc., eMax Media, Inc. and eMax Worldwide, Inc.’s SEC counsel will be working alongside the management of all three companies to assure all shareholders that all proper and required filing reports will be prepared and submitted to the SEC for review and submission accordingly.
About eMax Media
eMax Media, Inc. , www.emaxmediagroup.com is currently launching the first opening phase of their new music portal at www.emaxmusic.com . eMax Music, a division of eMax Media, has now published the first 100 songs from their music catalog that consists of 17,500 plus songs and video collection ranging from the ’30′s through the ’90′s at their emaxmusic portal. eMax Media’s music division is currently packaging a minimum of 20-30 new music and video collector sets for domestic and international retail store buyers and other licensing groups worldwide. eMax Media operates a collection of multimedia and family entertainment content through four main divisions: eMax Music, eMax Studios, eMax Networks, and eMax Productions. The four operating areas offer technology-driven, high-quality products and services focusing in pre-recorded music, movies, digital media, games, outdoor sports and concert events, internet e-commerce, feature film production, television programs , broadcasting and internet networks.
About New Unified Corporation
New Unified Corp growth has exceeded all our expectations with its rapid growth. The management of eMax Worldwide did not anticipate this much growth in such a short time. New Unified Corp. was formed to acquire operating company investments in the area of income producing 1) real estate, 2) oil, gas and alternative energy companies and 3) commodity producing operations in the US. The company’s objectives are to acquire companies that will help to put Americans back to work and produce more USA made products. New Unified Corp divisions includes: 1. New Unified International Trade and Commodities Division, 2. New Unified Realty, 3. New Unified Energy, 4. New Unified Finance and 5, New Unified Technologies
New Unified Energy will assist in answering our nation’s energy problems by investing in fossil
eMax Worldwide has engaged the investor relations firm, Rockport Equity, LLC to handle all future shareholder relations. Rockport has been very successful in working with the capital markets representing the company.
About Rockport Equities LLC
Rockport Equities, http://www.rockportequityllc.com, is a team of investor relations professionals with over 25 years experience in the IR and Broker fields.
eMax Worldwide, Inc., (www.eMaxworldwide.com,) is a diversified holding company acquiring and growing family and morally valued multimedia, entertainment, communication, broadcasting, high-end technologies, real estate , energy, international trade, commodities and finance industries through two corporations, eMax Media Inc., www.emaxmediagroup.com, and New Unified Corp., www.newunified.com.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the future press releases of eMax.
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SOURCE eMax Worldwide, Inc.