Emaji Retires Additional One Billion Shares
April 30 2014 - 8:45AM
Marketwired
Emaji Retires Additional One Billion Shares
Sportsworld Entertainment Division Announces Three Basketball
Tournaments for May
IRVINE, CA--(Marketwired - Apr 30, 2014) - Emaji, Inc. (OTC
Pink: EMJI) (PINKSHEETS: EMJI) announced today that it has
authorized the retiring of an additional one billion shares of
common stock effective immediately. In addition, Emaji announced
that its Sportsworld Entertainment Division would have three youth
basketball tournaments during May 2014. Further, Emaji, including
Sportsworld Entertainment and Emaji Business Development, continue
to move forward with their planned acquisitions, business
development and funding activities. Emaji is on course to file its
2014 first quarter report on or before May 15, 2014.
Following the retirement of the one billion shares, which will
be returned to treasury, the company will have 10,161,180,087
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 6,203,361,491. The total
non-restricted shares are 3,957,818,596, including those in CEDE.
Other than management, who own approximately 62% 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. Previously, on April 4, 2014, the company authorized the
retirement and return to treasury of three billion shares of its
common stock. The company plans to continue taking steps such as
retiring shares so that the total number of shares outstanding
remains at the current levels or below.
Sportsworld Entertainment will be producing three youth
basketball tournaments in Orange County, California during May 2014
in conjunction with its Big Red Basketball division. These
tournaments are an integral part of the long-term strategy for
Sportsworld Entertainment and its commitment to youth athletic
programs. The company plans on expanding the number of these
tournaments in the future in addition to the planned acquisition of
other companies that produce similar types of tournaments. As part
of its ongoing development activities, 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.
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
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