Emaji's New President Takes Office as Debt & Share Reduction Continues
Change of Control Completed; Debt Reduced by 91%; Shares Reduced by 21%
(firmenpresse) - IRVINE, CA -- (Marketwired) -- 02/25/16 -- Emaji, Inc. (OTC PINK: EMJI) announced today that Christopher Petzel has taken office as President and CEO of Emaji and the Company has completed the change of control. Emaji also announced today that it has reduced its total debt by an additional $1,103,701 and has reduced its outstanding common shares by 1,587,376,006 shares since September 30, 2015.
These are the highlights:
Convertible Notes reduced by 90% from $498,251 as of September 30, 2015 to $50,500 as of December 31, 2015
Short term payables reduced by 50% from $70,250 as of September 30, 2015 to $35,000 as of December 31, 2015
Total Current Liabilities reduced by 91% from $1,212,582 as of September 30, 2015 to $108,881 as of December 31, 2015
Total Outstanding Common Shares reduced by 21% from 7,639,746,087 as of September 30, 2015 to 6,052,370,081 as of December 31, 2015
These steps represent a further significant improvement to Emaji's capital structure and was undertaken with a view to the Company's long-term growth potential.
As announced on April 27, 2015, the company affirms its commitment to (i) not reverse its common stock, and (ii) not issue any new convertible debt.
Additional information about Emaji can be found in the Company's reports and filings at and on the Emaji website at .
About Emaji:
Emaji, Inc. (OTC PINK: EMJI), based in Irvine, California, is a publicly traded development stage company with three divisions: Sports, Entertainment, and Ventures.
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.
Emaji Investor Relations
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Datum: 25.02.2016 - 13:30 Uhr
Sprache: Deutsch
News-ID 453265
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contact information:
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IRVINE, CA
Kategorie:
Commercial & Investment Banking
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