Egshares EM Dividend High Income Etf (AMEX:EMHD)
Historical Stock Chart
From Dec 2019 to Dec 2024
SCOTTSDALE, Ariz., Sept. 11 /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, today announced that the president/CEO, Edmond Lonergan and other insiders have entered into a Rule 10b-5 Plan whereby the insiders are permitted to purchase stock in the Company. The insider buying is a result of management's high level of confidence in the underlying fundamentals of the business and the belief that the current market conditions do not accurately reflect the value of the enterprise,
The trading plan's parameters outline that management will buy up to one million shares of stock whenever the stock falls below $.25/share. Mr. Lonergan stated, "I and my management team are extremely confident in the future of EMTA and that, at these prices, we believe the stock is severely under-valued." The president continued that, "the Company's performance in this fiscal year has been very good and although all of its future opportunities will not necessarily meet expectations, the overall performance of EMTA this fiscal year will be exceptional."
As EMTA is a 33 Act Company, by SEC Rule, its management is not required to file a Form 4 to disclose the stock purchases and therefore the management team will provide periodic updates regarding their purchase of EMTA stock.
About EMTA Holdings
EMTA Holdings, Inc., (OTCBB: EMHD) 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/.
Forward-Looking Statements: This press release discusses certain matters that may be considered "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, as amended, including statements regarding the intent, belief or current expectations of EMTA Corp. ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; the lack of viable commercial applications or the failure of third-party contractors to perform their contractual obligations. Prospective investors are also referred to the other risks identified from time to time in the Company's reports and registration statement filed with the Securities and Exchange Commission.
CONTACT:
Larry Downs
Director of Communications
Equiti-trend Advisors
800-585-6988
Or
Paula C. Wright
VP IR/PR/Media
EMTA Holdings, Inc.
480-222-6222
DATASOURCE: EMTA Holdings, Inc.
CONTACT: Larry Downs, Director of Communications of Equiti-trend
Advisors, 1-800-585-6988, , for EMTA Holdings, Inc.; or
Paula C. Wright, VP IR|PR|Media of EMTA Holdings, Inc., +1-480-222-6222,
Web site: http://www.emtacorp.com/
http://www.xentx.com/