SALT LAKE CITY, Sept. 16, 2011 /PRNewswire/ -- eMax Worldwide
Inc. (OTC: EMXC) has signed an agreement to exchange 400,000,000
144 restricted common stock shares for a 20% stake in Unitell World
Wide Communications, LLC. The exchange agreement states that
Unitell will receive 400,000,000 shares with a stated value of
$.025/share or a value equal to
$9,728,123 Unitell will exchange a
20% capital stock ownership in their company for the EMXC
shares.
Unitell World Wide generates in excess of an average of
$1,400,000 in revenues for the past
several years. Currently the company has to expand to keep up with
increased contracts. Unitell has received confirmation from their
Lender's Bank of a shared credit facility in the initial amount of
$6,000,000. The bank has also
confirmed their willingness to extend up to an additional amount of
$50,000,000. This access to debt
financing is more than sufficient to cover Unitell's rapid
expansion plans.
Roxanna Weber, Chairman of eMax
Worldwide stated- We are very happy to announce the bi-lateral
investment acquisition in Unitell Worldwide Communications by eMax
Worldwide. This is the first of many new strategic investments and
developments that the management of eMax Worldwide will be
announcing. The strategic investing and working associations will
bring tremendous values to both of our company's shareholders and
this thrills me.
Arthur Edwards President of
Unitell Worldwide Communications, LLC states "This is major
evidence of the synergistic values that both companies can benefit
from short and long term. As we position Unitell for a massive
expansion, owning an equally shared stake in eMax Worldwide as they
have in us provides a newly added unparalleled leveraged position
for our company."
About Unitell Worldwide Communications, LLC
Unitell Worldwide Communications, LLC (Unitell),
(www.unitellwwc.com) founded in 2004 and located in Pembroke Pines Florida, is a minority and
women owned business. Unitell is classified as an "interconnect
company". Unitell is a distributor of major manufacturers of
telecommunications equipment and designs, sells, installs, and
maintains telecommunications equipment located on the customer
premises (CPE). The company's primary focuses are the maintenance
and sustainment of the customer premise equipment and in the
ongoing modification and upgrade of the equipment. End user
relationships are on an "as needed" and/or annual and multi-annual
contract basis. Additional offerings include providing outsourced
telecommunication professionals (experienced in service,
installation, field engineering, system design and implementation,
technical support, and project management across the entire product
spectrum) on an ad hoc or project basis; and under annual and/or
long-term agreements for the company's strategic partners, two of
which are among the top five (5) global telecommunication
companies.
About eMax Worldwide Inc.
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 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 for eMax
eMax Worldwide
info@emaxworldwide.com
Rockport Equity, LLC
David Helmcamp
Dan Capozzi
443-567-6983
info@rockportequityllc.com
SOURCE eMax Worldwide Inc.