EcoMax (PK) (USOTC:EMAX)
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EMAX NET, Inc. to Merge into Fully Reporting OTC Bulletin Board Company and
Change Name
ORLANDO, Fla., Dec. 9 /PRNewswire-FirstCall/ -- EMAX NET, Inc. (EMAXNET),
partly owned by eMax Corporation (OTC Pink Sheets: EMAX), has entered into an
agreement to merge into the fully reporting company Xenicent, Inc. (BULLETIN
BOARD: XCNT) , after which the company plans to change its name to World Access,
Inc.
Chuck Weber, President and CEO of eMax Corp., said, "In the past year, eMax
Corporation acquired assets for, incubated and spun off Freedom Entertainment
International, Inc., offering a stock dividend in Freedom Entertainment to eMax
shareholders. As we near distribution of the Freedom Entertainment dividend, it
is a thrill to be able to repeat the process a second time. As recently
announced, eMax Corp. engaged Greentree Financial Group to assist eMax in the
preparation of Form 10 and SB-2 and migrating trading in our own securities from
the Pink Sheets market to the Nasdaq OTC Bulletin Board. In the process, eMax
Corp was introduced to Xenicent, Inc., through which we can now merge EMAXNET
and repeat the process of incubating and spinning off a child company."
Don O'Neill, Vice-President of EMAX NET, Inc., stated, "The strong relationship
we have enjoyed with eMax Corp has been a true benefit to this company. With the
help of eMax, we have built a solid media framework of music and video content
along with broadcast and distribution capabilities. The access to capital this
merger with Xenicent now provides to EMAXNET will enable our company to quickly
complete additional acquisitions and licensing agreements already contemplated
and negotiated thus accelerating execution of our business plan and achieving
maximum shareholder value in the shortest realistic period of time."
About EMAX NET, Inc., and divisions eMax Music, eMax Studios, and eMax TV
Group:
EMAXNET plans to launch a twenty-four hour broadcast network showcasing all
family entertainment. The company intends to license broadcast programming to
satellite and cable broadcast networks directly competing with the major
networks. EMAXNET owns the rights associated with emaxol.com, recently entered
an agreement to acquire sixteen television stations throughout the U.S. and
plans to finalize an alliance with IDVDBOX, Inc. to market the i2DVD player in
the world. EMAXNET plans to acquire the rights to a full media production and
postproduction facility in Florida, as well as additional companies in the
internet, broadcasting, communications and wireless industries.
EMAXNET launched its family portal http://www.emaxnet.net/ in 2002. EMAXNET.NET
is powered by YAHOO! and has affiliations with retailers such as Amazon,
Wal-Mart ,The Gap, Old Navy, Brooks Brothers, Nordstrom's, MP3, Kmart, Toys 'R'
Us, Target, AOL, Disney, BMG Music, HSN, Best Buy, Tower Records, Time-Life, DVD
Planet, Barnes and Noble, A&E Networks, eMusic, Travelocity, Expedia and many
more.
About eMax Corporation:
eMax Corp. is a holding company investing in multimedia and family entertainment
content through two corporations and three divisions (eMax Realty Group, Inc.
and EMAXNET, Inc. with divisions eMax Music, eMax Studios and eMax TV Group) and
a shareholder interest in the company Freedom Entertainment International, Inc.
(with subsidiary Freedom Entertainment Canada, Inc.). These seven operating
areas offer technology-driven, high- quality products and services focusing in
pre-recorded music, outdoor sports and special events, sales of motorcycles and
motorcycle-related accessories, feature film production, television programs and
the acquisition and development real estate.
Corporate updates & developments: http://www.emaxcorp.com/
Current quotes: http://www.pinksheets.com/quote/quote.jsp?symbol=EMAX
About Freedom Entertainment International, Inc. and subsidiary Freedom
Entertainment Canada, Inc.:
Freedom Entertainment attends and promotes outdoor sporting and special events
profiting from the rental of vendor spaces, admission receipts, sales of
motorcycles and motorcycle-related accessories, food and beverage, and
merchandise sales. The founders of Freedom Entertainment, with over 14 years of
industry success, recently formed a new subsidiary in Montreal, Freedom
Entertainment Canada, Inc., for the purpose of exporting their products to the
U.S. from Canada. Freedom Entertainment is in the process of acquiring
seventy-five percent of the Patriot Motorcycle division of Patriot Motorcycle
Corporation.
This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, which are intended to be covered by
the safe harbors created thereby. Investors are cautioned that all forward-
looking statements involve risks and uncertainties, including, without
limitation, the future press releases of EMAX.
DATASOURCE: eMax Corporation
CONTACT: Don O'Neill of EMAX NET, Inc., ; or Kimber
Peterson of CPR, Inc., +1-866-868-3629, or , for eMax
Web site: http://www.brokerelations.com/
http://www.emaxnet.net/
http://www.emaxcorp.com/