IRVINE, CA, United States, via ETELIGIS INC., 11/18/2014 – – Emaji, Inc. (OTC Pink: EMJI) (PINKSHEETS: EMJI), announced today that it has authorized the retiring of an additional five billion shares of common stock effective immediately. In addition, Emaji announced that it has filed its quarterly report for the third quarter, which is available at www.otcmarkets.com. Emaji also has announced that that there is no immediate plan to file a reverse stock split as the company has elected to retire a significant amount of shares in lieu of doing a reverse.
Following the retirement of the five billion shares, which will be returned to treasury, the company will have 7,661,180,087 common shares issued and outstanding. The public float, those shares being held in street name, known as “CEDE”, is 4,049,720,573 shares. The total restricted shares are 2,603,361,491. The total non-restricted shares are 5,062,818,596, including those in CEDE. Previously the company authorized the retirement and return to treasury of four billion shares of its common stock. Combined with the current retirement of five billion shares, Emaji has now retired a total of nine billion shares during 2014.
Additional information about Emaji can be found in the Company’s reports and filings at http://www.OTCMarkets.com
Emaji, Inc. (OTC: EMJI), “Where Imagination Comes Alive,” is a publicly traded development stage company with two initial divisions: Sportsworld Entertainment, which is developing its participatory collegiate and professional sports camps through Flashback Camps International, a financial and marketing support program for a wide variety of athletic enterprises, including youth athletic programs, and its Professional Sports Acquisition Group, which is currently exploring acquisition opportunities in minor league professional sports; and Emaji Business Development, which is developing Emaji Media and the rollout of its revamped online toy portal company Netoy.
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.
8001 Irvine Center Drive, Suite 400
Irvine, California 92618
Contact: Emaji Public Relations
SOURCE: Emaji, Inc.