Emaji Corporate Finance Update April 2015
IRVINE, CA / ACCESSWIRE / April 27, 2015 / Emaji, Inc. (PINKSHEETS: EMJI) announced today three initial steps to strengthen the company going forward.
– For the next 12 months, the company will not issue any new convertible debt.
– For the next 12 months, the company will not reverse split its common stock.
– Chairman Robert Atwell has agreed to as reduce his accrued salary in half retroactively to January 1, 2015 and has agreed to not increase it until the company has reached profitability.
The company will update its shareholders should there be any changes to its policy with regard to convertible debt financings and reverse splits at the end of the 12 months moratorium.
The above steps form part of a larger strategy and Emaji plans additional corporate finance updates as it continues to execute on its business plan.
Additional information about Emaji can be found in the Company’s reports and filings at www.OTCMarkets.com and on the Emaji website at www.emaji.com.
About Emaji:
Emaji, Inc. (PINKSHEETS: EMJI), based in Irvine, California, is a publicly traded development stage company with three divisions: Sports, Entertainment, and Ventures.
NOTES ABOUT FORWARD-LOOKING STATEMENTS:
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company’s reports and filings at http://www.OTCMarkets.com.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
Contact:
Emaji, Inc.
300 Spectrum Center Drive, Suite 400
Irvine, California
Emaji Public Relations
info@emaji.com
SOURCE: Emaji, Inc.
ReleaseID: 428209