Emaji Chairman Converts Accrued Compensation Into Common Stock
Emaji to Reduce Debt as Chairman Accepts Stock at $.0002 per Share
(firmenpresse) - IRVINE, CA -- (Marketwired) -- 02/12/15 -- Emaji, Inc. (OTC PINK: EMJI) announced today that its Chairman, Robert Atwell, has elected to convert his accrued salary into the Company's $.00001 par value common stock at $.0002 per share.
The Chairman is converting $1,187,454 into 5,937,270,000 restricted affiliated shares at a significant premium to the market price.
"I firmly believe in Emaji and its future," Atwell stated. "It has been a long road. I am confident that the steps being taken by the company at this point of its development will pave the way to great success down the road."
The Chairman's decision to accept the restricted stock and reduce corporate debt by over one million dollars is one of the steps being taken by the Company as it continues to clean up its balance sheet and begin executing its business plan.
About Emaji:
Emaji, Inc. (OTC PINK: EMJI), "Where Imagination Comes Alive," is a publicly traded development stage company with three divisions: Emaji Ventures, which is developing Emaji's revamped online toy portal company Netoy; Emaji Entertainment, which is developing entertainment programming; and Emaji Sports, 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 minor league professional sports.
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 .
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.
Contact:
Emaji Investor Relations
949 573-1629
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Datum: 12.02.2015 - 13:30 Uhr
Sprache: Deutsch
News-ID 371214
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IRVINE, CA
Kategorie:
Consumer Electronics
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