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.
Contact Rockport Equity, LLC
David Helmcamp
Dan Capozzi
443-567-6983
info@rockportequityllc.com
SOURCE eMax Worldwide, Inc.