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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 Signs Final Agreement to Expand Synergen(TM) Production in Africa

10/06/2008 2:30pm

PR Newswire (US)


Egshares EM Dividend High Income Etf (AMEX:EMHD)
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COMPANY SIGNS EXTENDED FIVE YEAR, $75 MILLION AGREEMENT WITH COOD RESOURCES INTERNATIONAL, LTD SCOTTSDALE, Ariz., June 10 /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 it had signed an extended agreement with Cood Resources under which Cood is the sole distributor of the Synergen(TM) line of lubricants for Western Africa. This is a $75 million agreement with $15 million in orders per year over 5 years. The agreement continues a longstanding relationship between Dyson Properties and Cood Resources, which has purchased Synergyn(TM) products for the past five years and has increased the sales volume each year. Dyson will be the consultant on the design and construction of the Lagos blending plant, which will make products to be sold in Nigeria and surrounding countries. EMTA and Cood project that sales from this plant will reach an annual rate of $75 million within 10 years. "This volume of sales will make our plant very profitable for the foreseeable future and the Synergyn(TM) products are extremely competitively priced in Nigeria," said EMTA Chief Executive Officer Edmond Lonergan. "For EMTA, the benefits will be two-fold. One is the direct equity stake held by our subsidiary Dyson Properties. The other is a foothold for one of our core brands in a region with a fast-growing population and the long-term potential for substantial economic growth." Dyson Properties' Synergen(TM) products include high-performance engine oils, gear lubricants, additives and transmission fluid. Dyson was acquired by EMTA on January 1, 2007. 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: 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/

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