Emaji Files Annual Report to Regain Current Status on OTC Markets
Acquisitions, Business Development and Funding All Moving
Forward
IRVINE, CA--(Marketwired - Apr 21, 2014) - Emaji, Inc. (OTC
Pink: EMJI) (PINKSHEETS: EMJI) announced today that it has
completed and filed its 2013 Annual Report, which should result in
the company regaining its current status on the OTC Pink
Marketplace. During this process, Emaji, including Sportsworld
Entertainment and Emaji Business Development, has continued to move
forward with their planned acquisitions, business development and
funding activities. Emaji intends to file its 2014 first quarter
report on or before May 15, 2014.
As of April 18, 2014, the company had 11,161,180,087 common
shares issued and outstanding. The public float, those shares being
held in street name, known as "CEDE", is 1,018,220,573 shares. The
total restricted shares are 7,203,361,491. The total non-restricted
shares are 3,957,818,596, including those in CEDE. Other than
management, who own approximately 70% of the common stock issued
and outstanding, and whose stock is considered affiliate/control
stock and is not available for resale, there are no other
affiliates and/or control persons connected to the company. The
increase in the number of shares outstanding over the past few
months have been related to note holders converting their notes
into common stock. Emaji is not affiliated with those note holders;
the company receives no proceeds of any sales by such persons. On
April 4, 2014, the company retired and returned to treasury three
billion shares of its $.00001 par value common stock. The company
plans to continue retiring shares to treasury from time to time so
that the total number of shares outstanding remains at the current
levels or below.
To achieve its goals in fiscal year 2014, Emaji plans to raise
additional equity financing, As part of this process, in 2013 the
company increased its authorization and issued restricted control
block of 10,200,000,000 shares to its Chairman in order to reduce
its debt and to insure that Emaji's goals are implemented as its
stockholder base continues to expand, and as additional management
and other critical employees join the company. After initial delays
during the fourth quarter of 2013, Emaji now expects new funding
during the second and third quarters of 2014. Emaji has received
minimal funding to date. Management's salary continues to be
accrued as our existing management has not and does not receive any
cash salary at this time. In addition, management does not and has
never sold any of its shares. As the largest stockholder of Emaji,
management is fully vested in the success of the company. Any
funding coming into the company will be for preferred, registered
and or restricted stock. The company will provide further
information and funding updates at the appropriate time.
Emaji Business Development and Sportsworld Entertainment will be
the focus of the company's development efforts in 2014. Emaji has
been developing these divisions, which it expects will spur
significant growth in 2014, with the goal of acquiring and
developing strategically related businesses that have a common
thread, providing enjoyment and sports related entertainment to an
increasingly diversified demographic.
Sportsworld Entertainment continues to develop its participatory
collegiate and professional sports camps through Flashback Camps
International ("FCI"), a financial and marketing support program
for a wide variety of athletic enterprises, including youth
athletic programs, and its Professional Sports Acquisition Group
("PSAG"), which is currently exploring acquisition opportunities in
professional sports. This division is expected to generate revenue
on a long-term basis when compared to the company's EBD division,
at least initially. Sportsworld Entertainment is currently
looking to acquire an NBA Development League team through PSAG, and
plans to develop and produce a reality competition syndicated
series as part of its FCI participatory camps.
Emaji Business Development ("EBD") continues to work on the
company's revamped online toy portal company Netoy.com, an on-line
toy web portal that will include its on-line retail store, while
incorporating several new features, including industry related
developments, news and interactive feedback between consumers and
toy manufacturers. EBD plans to assemble a team of collegiate
students to complete the development, design, launch and marketing
of the new Netoy.com company. Emaji expects solid income to develop
in the short term as the site is rolled out, with the majority of
initial sales to be generated from ad and manufacturer based
revenue. While working on the development of Netoy.com, the company
was notified that a third party was claiming ownership of the
Netoy.com URL. The company launched an investigation into how a
third party was able to acquire the URL when there was clear and
undisputed ownership of the name by the company dating back to the
1990's, including intellectual property rights, etc. The company's
attorneys are continuing to work on the issue, which remains
unresolved as of April 18, 2014. Notwithstanding the foregoing, the
URL issue only involves the general web site name and does not
affect the operations of the company, intellectual property rights
or any of the company plans moving forward. The company will
provide further information at the appropriate time as this issue
is resolved.
In addition, the company has established new guidelines and
procedures for releasing information and news about Emaji and its
Sportsworld Entertainment and Emaji Business Development divisions.
All official information and news announcements are released solely
by Emaji. At this date, the company has no contractual or any other
type of agreement with any third parties to release or in any way
disseminate information and news about Emaji and its Sportsworld
Entertainment and Emaji Business Development divisions.
In accordance with existing and new guidelines and procedures,
all releases are generated by the company and are reviewed by legal
counsel when applicable prior to their release. Any and all
questions concerning the company, its operations, stock news and or
any other matters are to be addressed directly to the company.
As a publicly traded company on the OTC Pink Marketplace, the
common stock of Emaji is subject to various wide-ranging
fluctuations in the share price and volume of the stock. These
types of stocks are very risky and are subject to market conditions
that are beyond the control of the company. Further, as the company
has not issued an IPO and or secondary offering to the public,
stockholders need to be aware that the funds used to purchase the
common stock of the company do not go to the company, rather those
funds go to the brokerage firms in the form of commissions and
other fees and to the selling stockholders. As a result,
stockholders are encouraged to make informed decisions when
purchasing any stock and thereafter to monitor those purchases
carefully, as price and volume can accelerate and decelerate very
quickly.
Information about Emaji can be found in the Company's reports
and filings at http://www.OTCMarkets.com
About Emaji:
Emaji, Inc. (OTC Pink: EMJI) (PINKSHEETS: EMJI), "Where
Imagination Comes Alive," is a publicly traded development stage
company with two initial divisions, Sportsworld Entertainment,
which is developing its participatory collegiate and professional
sports camps through Flashback Camps International, a financial and
marketing support program for a wide variety of athletic
enterprises, including youth athletic programs, and its
Professional Sports Acquisition Group, which is currently exploring
acquisition opportunities in professional sports; and Emaji
Business Development, which is developing the rollout of its
revamped online toy portal company Netoy.com.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the
matters discussed in this press release contain forward-looking
statements that involve risks and uncertainties, including those
described in the Company's reports and filings at
http://www.OTCMarkets.com.
Certain statements contained in this release that are not
historical facts constitute forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995,
and are intended to be covered by the safe harbors created by that
Act. Reliance should not be placed on forward-looking statements
because they involve unknown risks, uncertainties and other
factors, which may cause actual results, performance or
achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as
estimates, anticipates, projects, plans, expects, intends,
believes, should and similar expressions and by the context in
which they are used. Such statements are based upon current
expectations of the Company and speak only as of the date made.
Emaji, Inc. Irvine, California Contact: Emaji Public Relations
Email: info@emaji.com 8001 Irvine Center Drive, Suite 400 Irvine,
California 92618
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