EM Energy, Inc, signs Letter of Intent with Advanced Predictive Analytics, Inc
August 14 2013 - 11:42AM
OTC Markets
Press Release
FOR IMMEDIATE
RELEASE
EM Energy, Inc. Signs Letter of
Intent with Advanced Predictive Analytics,
Inc.
Palm Desert, CA August 14, 2013.
PR Newswire
EM Energy, Inc. (RZPK.pk) ?EM Energy? or the ?Company?) is pleased
to announce that it has entered into a non-binding letter of intent
(?LOI?) with Advanced Predictive Analytics, Inc. (?APAI?), a
privately-held, development stage company, regarding a plan of
merger with potential acquisition of 100% of the capital stock
of APAI by RZPK. The
proposed ?Purchase? will result in RZPK exchanging 35,000,000
shares of its common stock for all of the fully diluted shares of
APAI?s common stock subject to the execution of a Definitive
Purchase Agreement and the approval of both companies? boards of
directors. The companies expect to enter into a definitive
agreement to accomplish the merger shortly and the transaction is
scheduled to close as soon as possible thereafter.
Jerry Cornwell, CEO of EM Energy,
Inc. stated ?We?re very confident about APAI?s management and its
technology team?s ability to unlock significant value for our
collective shareholders using EM Energy, Inc. as a public
entity.?
"We look forward to the completion
of the merger and are excited about the opportunities this will
bring our company," said George Pursglove Chairman and CEO of
Advanced Predictive Analytics, Inc. "This merger is an integral
part of our company's long-term growth strategy." Following the Purchase, Mr.
Pursglove will remain at the helm of the new entity.
About Advanced Predictive
Analytics, Inc. (APAI)
The Company?s primary focus is to
develop and deploy proprietary technology that transforms account
risk assessment and the monetary recovery efforts of banks and
credit card issuers. Credit card debt charge-offs totaled 46
billion USD in 2011 or approximately 6% of portfolio
balances. The software
tools developed may also enable the transformation of fraud
deterrence and loss recovery in other sectors including: government
procurement, welfare support, healthcare, and other venues where
capital is made available under specific rules and
restrictions.
For further information regarding
Advanced Predictive Analytics, Inc. please contact George
Pursglove, Founder, Chairman and Chief Executive Officer.
Telephone: 954.803.5191 or email: george.pursglove@advpa.com
or
info@advpa.com
About EM Energy,
Inc.
EM
Energy, Inc. is fully audited company trading on the OTC Market
pink sheets under the symbol RZPK. Upon the completion of the
proposed merger the ?Company? will divest its interest of current
associated holdings.
For further information regarding
EM Energy, Inc., please contact Jerry Cornwell. Chief Executive
Officer. Telephone: 760.898.1220 or email: tcktsllc@earthlink.net
Safe Harbor
Statement:
This news release includes
forward-looking statements intended to qualify for the safe harbor
from liability established by the Private Securities Litigation
Reform Act of 1995. These forward-looking statements generally can
be identified by phrases that say APAI or its management
?believes,? ?expects,? ?anticipates,? ?foresees,? ?forecasts,?
?estimates? or other words or phrases of similar import. Similarly,
statements in this release that describe the Company?s business
strategy, outlook, objectives, plans, intentions or goals also are
forward-looking statements. All forward-looking statements are
inherently speculative, and are subject to risks and
uncertainties that could cause actual results to differ materially
from those anticipated in forward-looking statements.
These risks and uncertainties include those set forth from time to
time in our filings with the Securities and Exchange Commission. We
are under no obligation, and do not undertake any duty to
update these forward looking statements at any
time.