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EMHD Egshares EM Dividend High Income Etf

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Name Symbol Market Type
Egshares EM Dividend High Income Etf AMEX:EMHD AMEX Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

EMTA Holdings, Inc. Acquires Light Industrial Staffing Company

17/03/2009 2:11pm

PR Newswire (US)


Egshares EM Dividend High Income Etf (AMEX:EMHD)
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SCOTTSDALE, Ariz., March 17 /PRNewswire-FirstCall/ -- EMTA Holdings, Inc. (OTC:EMHD) (BULLETIN BOARD: EMHD) , an energy and fuel conservation company and maker of XenTx(TM), Synergyn(TM) and other engine treatment and fuel efficiency products, announced today that its newly formed wholly-owned subsidiary, Lumea, Inc. (Lumea), has acquired substantially all of the assets of Easy Staffing Services, Inc. (Easy) a light industrial staffing company. According to the terms of the agreement, EMTA acquired the assets of Easy for 15 Million shares of its common stock, the issuance of Notes Payable of $8.75 Million and the assumption of approximately $2.25 Million in debt. Audited financial statements for Easy will be prepared and filed within 75 days of the closing. Easy, now Lumea generated approximately $101 Million in revenues and EBITDA in excess of $1 Million for the twelve months ended December 31, 2008. Lumea currently has an operating staff of 94, operates 26 offices in 10 states, and manages approximately 5,000 leased employees. Lumea currently has relationships with numerous industrial/commercial clients. Each of these clients is a potential user of EMTA's energy conservation and emissions reducing products. By employing cross-selling techniques to Lumea's broad client base, EMTA anticipates higher sales revenue and a reduced sales cycle time. In addition, with President Obama's renewed emphasis on reducing green house gasses, EMTA believes that the demand for its emission reducing technologies will grow rapidly. "The opportunity to expand our industrial/commercial XenTx sales utilizing Lumea's customer relationships should result in increased revenues for EMTA, enhanced client product/service offerings for Lumea and will positively impact our overall profitability which should be reflected in increased shareholder value", concluded Mr. Lonergan, President/CEO of EMTA Holdings, Inc. About Lumea, Inc. Lumea, Inc., a wholly-owned subsidiary of EMTA Holdings, Inc., was formed for purposes of implementing a roll-up strategy in the light industrial staffing space. Lumea currently has 26 offices in 10 states and manages 5,000 leased employees. The company currently has three subsidiaries, Lumea Staffing, Inc, Lumea Staffing of California, Inc., and Lumea Staffing of Illinois, Inc. For more information, go to http://www.lumeastaffing.com/. About EMTA Holdings, Inc: EMTA Holdings, Inc., (OTCBB: EMHD - News) develops and manufactures innovative products to conserve energy, particularly for petroleum-based fuels. The Company's engine and fuel additives are marketed under the brands XenTx(TM), Synergyn(TM) and CleanBoost(TM) brands, and are sold both to commercial and retail customers. They are available from key distributors, major automotive retailers and online at http://www.emtacorp.com/store. For additional information on EMTA products, please visit http://www.xentx.com/. CONTACT: Tim Clemensen Sr. Vice President Rubenstein Investor Relations, Inc. 212-843-9337 DATASOURCE: EMTA Holdings, Inc. CONTACT: Tim Clemensen, Sr. Vice President of Rubenstein Investor Relations, Inc., +1-212-843-9337, for EMTA Holdings, Inc. Web Site: http://www.emtacorp.com/

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