Zamage Digital Imaging, Inc. (ZMGD) Letter to Shareholders: Corporate Update
(firmenpresse) - HENDERSON, NEVADA -- (Marketwire) -- 09/20/11 -- Zamage Digital Art Imaging, Inc. (PINK SHEETS: ZMGD) () and the CEO of Paraform Design Ken Olschewske address questions raised by the company shareholders regarding Paraform's current market position and ZMGD corporate issues as they stand today, September 20, 2011.
Mr. Olschewske stated, "Shareholders had been contacting Paraform and ZMGD stating their concerns regarding Paraform's current position, the sales of the ZMGD shares and, by extension, the possible sale of ZMGD shares by the company's M&A advisor, IR representatives, and other service providers.
"We are utilizing this opportunity to advise our followers that neither Paraform, nor our service providers are currently involved in sales of ZMGD shares nor is any dilution in progress. To the best of our knowledge none of the large share blocks that appeared on the market originated from the company.
Moreover, Paraform Design does not require any investment capital to run its day-to-day operations. The company is dedicated to sustainable growth and treats ZMGD as a vehicle to this growth. If a need for financing arises, it will be to expand the company, not to sustain it. If such expansion funds ever become necessary, we assure our followers that we will raise such funds modestly, without massive dilution, or damage to our stock price and followers.
ZMGD does not subscribe to OTC Markets financial posting services. We expect our Q2 financial statements to be posted with our IR's Support Site () and on our corporate web site () within days. Our followers will be pleasantly surprised see that Paraform has not diluted, that we represent a self-sustained entity and a company with a good and bright future and prospects.
"Regarding our subsidiary in China, ZMGD board members have had a disagreement with the Chinese subsidiary, vis-a-vis direction of the company. The China subsidiary saw dilution as a growth mechanism, which was highly opposed by the ZMGD management that stands against dilution and any such market tactics. To that end, the Chinese subsidiary will most likely be dismissed by ZMGD management, and all stock issued to the China subsidiary will be returned to the treasury.
"A new suitable merger candidate as a replacement to the China subsidiary in order to maintain ZMGD valuation is an option that we are not ruling out. Management will seek out a company of similar size and stature to allow for higher transparency with the shareholders and public.
"We are looking forward to continue working with our shareholders and we will update on all developments as they unravel," concluded Ken Olschewske.
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.
Contacts:
Investor Relations
1-647-426-1640
Investor Relations Department Inquiries
For M&A and Corporate Matters
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 20.09.2011 - 13:31 Uhr
Sprache: Deutsch
News-ID 67697
Anzahl Zeichen: 0
contact information:
Town:
HENDERSON, NEVADA
Kategorie:
Software
Diese Pressemitteilung wurde bisher 258 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Zamage Digital Imaging, Inc. (ZMGD) Letter to Shareholders: Corporate Update"
steht unter der journalistisch-redaktionellen Verantwortung von
Zamage Digital Art Imaging, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
