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EMHD Egshares EM Dividend High Income Etf

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0.00 (0.00%)
Pre Market
Last Updated: -
Delayed by 15 minutes
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 Completes Million Dollar Private Placement With Accredited Individual and Institutional Investors

21/02/2008 2:00pm

PR Newswire (US)


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SCOTTSDALE, Ariz., Feb. 21 /PRNewswire-FirstCall/ -- EMTA Holdings, Inc., (OTC:EMHD) (BULLETIN BOARD: EMHD) , maker of XenTx(TM), Synergyn(TM) and other engine treatment and fuel efficiency products, today announced the completion of a $1 million equity private placement with accredited individual and institutional investors. This private placement provides the company with the requisite capital to purchase raw materials, fulfill significant new orders and solidify future business. There have been no warrants or registration rights offered in conjunction with this private placement. EMTA Chief Executive Officer, Ed Lonergan, commented, "This capital infusion comes at a crucial time for the Company. The Company has been able to aggressively invest in raw materials to meet the significant demand for products. Therefore the Company expects explosive revenue growth for the foreseeable future, commencing during the month of February 2008." In addition, funds are now available to complete the last phase of independent laboratory testing for its low emission diesel fuel catalyst (CB-LE). When these tests are completed, the Company expects its monthly revenue growth to increase by an additional $2,000,000 by the end of fiscal year 2009. About EMTA Holdings EMTA Holdings, Inc., 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), CleanBoost(TM) and Fusion Lubricants 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: Carla Hintz The Wells Group, Inc. 480-391-7400 Or Paula C. Wright VP IR/PR/Media EMTA Holdings, Inc. 480-607-0251 DATASOURCE: EMTA Holdings, Inc. CONTACT: Carla Hintz of The Wells Group, Inc., +1-480-391-7400, , for EMTA Holdings, Inc.; or Paula C. Wright, VP IR|PR|Media of EMTA Holdings, Inc., +1-480-607-0251, Web site: http://www.emtacorp.com/

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