ZMGD Zamage Digital Art Imaging Inc (CE)

HENDERSON, NV, March 8 /PRNewswire-FirstCall/ -- Zamage Digital Art Imaging, Inc. (ZMGD; http://www.zamagedigitalcorp.com/) as the company prepares for multiple mergers with new viable private businesses and as the merger negotiations continue, the company has recapitalized its Authorized Share Structure to 4,880 million shares. One of the merger candidates is a development of a real estate gorge in China which the company is looking to acquire from a Chinese bank - financier and earmarked as a toxic asset by the bank. Obviously with its current debt - asset structure it qualifies for such a label however the issuer is in negotiations to aquire the asset at a fraction of the build or replacement value. The company advises the shareholders that if the gorge development or fibre optic merger negotiations do not come to fruition, the company will reduce A/S back to the originally announced 888 million shares. A source with Mina Mar Group the M&A company assisting the company in the merger progress said "The last thing we want to do is to is portray the issuer and (our client) in a position of weakness. Just coming off of being a court appointed guardian company they need all the nurturing and assistance and not any peril. By that we mean, having the targeted company agree to complete the transaction on an all share exchange transaction, and then having to tell the merger candidate we don't quite have all of our ducks in order will not sit well with many solid private companies looking to merge. To tell the merger candidate that the issuer will need another 7 to 10 days to recapitalize and then we can revisit the issue just won't fly. A lot of things can happen in that time frame. For example a competitor could come along and derail the whole process. When we head out for a merger with a client we represent, the message we like to pass along is the issuer is here, and ready to do the deal. Obviously there are State fees of several thousand dollars that are needlessly spent by recapitalizing and then undoing the recapitalization (if the deal falls apart) however that is a small price to pay and we see it as the cost of doing business. On the flip side, the unexpected share increase is something the trade speculators and stock manipulators play upon with messages of "dilution" in order to scare the novice and unsuspecting shareholders. We again remind the readers that this company is in a rebuilding stage operating under the auspices of the court appointed guardian. We ask the readers to review the progress made in the last month and the pdf documents posted on the issuers web site". The company reminds our shareholders and followers to monitor PinkSheets.com Filing Section and also our IR company web site section "CLIENT SUPPORT" TAB http://www.minamargroup.net/ or this direct link http://minamarmarketinggroup.helpserve.com/ for further updates on this and other business matters. Non-newsworthy events are not press released however posted on these two separate support sites to keep our followers advised of day-to-day events. For any matters relating to retail investor queries or to send us the company directly a message please click on the "INVESTOR SUPPORT" TAB or this direct link http://www.minamargroup.net/helpdesk. Don't be a victim. Take Control! Report a stock basher! The company is mindful that short sellers, the company competitors and stock bashers stalk small cap Pink Sheets listed companies with hidden agendas, where amongst other things they continuously spread false rumors, dark propaganda and innuendos in order to manipulate the trading patterns and thwart company plans for their own "quick profits" and self serving needs. The company and its supporters are monitoring these activities and those are promptly being reported on the http://www.stockbasher.com/ website. Visit http://www.stockbasher.com/ and find out what criminal and civil actions the US authorities are taking against web sites like investorshub.com and other posters, and other media that provide safe refuge to these individuals and the remedies available to you as an individual investor. Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client Support Section in due course. To be included in company's email database for press releases, industry updates, and non-weekly activity at the company that may or may not be news released, please subscribe or opt in mailer at http://www.minamargroup.com/updates. Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Zamage Digital Art Imaging, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Zamage Digital Art Imaging, Inc.does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events. CONTACT: For any investor relations matters, please contact http://www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, http://www.minamargroup.net/ (IR); For (M&A) and Corporate Matters, http://www.minamargroup.com/ DATASOURCE: Zamage Digital Art Imaging, Inc. CONTACT: For any investor relations matters, please contacthttp://www.minamargroup.net/helpdesk; Investor Relations Department Inquiry,http://www.minamargroup.net/ (IR); For (M&A) and Corporate Matters,http://www.minamargroup.com/

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