SOURCE: The Amergence Group

The Amergence Group

November 10, 2010 09:10 ET

Amergence Group Announces Details of Its Impending PanPacific Dividend to Shareholders

Amergence Shareholders Will Receive One Share of PanPacific International for Each 10 Shares of The Amergence Group They Own

PHOENIX, AZ and HONG KONG--(Marketwire - November 10, 2010) - The Amergence Group (PINKSHEETS: AMNG), a company that focuses on developing, nurturing, and rapidly expanding selected emerging or "disruptive" companies across a wide range of industries and disciplines, announced today more details of the impending dividend it is planning to issue to its shareholders. Amergence is completing plans to spin out one of its subsidiaries, PanPacific International, Inc. (http://finance.yahoo.com/news/Amergence-Group-Announces-It-iw-3224960066.html?x=0&.v=1).

Amergence president, Peter Jacobs, has reported "our first spin-out and planned dividend to Amergence shareholders represents the actualization of our unique business concept called 'dividend farming' (http://finance.yahoo.com/news/The-Amergence-Group-Announces-iw-2787433505.html?x=0&.v=1). Every qualifying Amergence shareholder will receive share equity in each company Amergence spins out. The PanPacific International, Inc. dividend shares will be issued to all Amergence shareholders of record as of December 1, 2010. The shares will be issued directly from PanPacific which will still be a private company at the time of issuance. Thus, the shares will only be available directly from the company and not available in the public marketplace."

Starting on the record date of December 1, 2010, Amergence shareholders of record, or their agents, will submit proof of Amergence equity ownership to PanPacific's transfer agent who will then validate the issuances. The procedure will be outlined in a company press release prior to the record date. Amergence shareholders will then have 60 days to receive their PanPacific dividend. The Amergence Group will follow up the dividend by aiding PanPacific in the submission of a registration statement and other disclosure documents to the Securities and Exchange Commission and FINRA. When the registration statement becomes effective, all of the dividend shares will be freely tradable. Until that time, all PanPacific dividend shares represent ownership in a private company and will be available only to validated Amergence shareholders and will not be tradable or available in the public marketplace until its registration statement becomes effective.

All validated Amergence shareholders will receive one share in PanPacific International for every 10 shares of Amergence Group they own. For instance, if an Amergence shareholder owns 100,000 shares of AMNG, they will receive 10,000 shares of PanPacific International. Once the dividend is received by the Amergence shareholder, they would then be participating in the growth of Hong Kong-based PanPacific International in addition to participating in any ground-breaking events that occur in The Amergence Group. Peter Jacobs notes, "Our bold vision illustrates Amergence's commitment toward establishing a 'cross-pollination' of the cultures and myriad opportunities that lay in both regions of the world."

PanPacific has recently announced the formation of the PanPacific Travel Network (http://finance.yahoo.com/news/Amergence-Subsidiary-iw-2634170902.html?x=0&.v=1) and joint venture with Hong Kong's Queena Entertainment Group (http://finance.yahoo.com/news/Amergence-Group-Announces-Its-iw-412305778.html?x=0&.v=1) in its mission to expand the company's reach between Hong Kong, Mainland China, and the U.S.

With management expertise and offices around the globe, The Amergence Group is uniquely positioned to introduce bold, edgy, or disruptive businesses to the world. With Amergence Group assistance, each successful, well-run subsidiary or joint venture acquired by the company is capable of transforming itself into its own individual self-sustaining company.

ABOUT THE AMERGENCE GROUP

The Amergence Group (PINKSHEETS: AMNG) provides valuable advice and support to new businesses with its goal of accelerating their intended plans to introduce edgy, disruptive, and/or innovative technologies to the world market. The Company's 8-year-old Tranzbyte division continues to focus on the development and marketing of its innovative group of optical media enhancement technologies worldwide such as FLASHAlbum, a technology which enables distributors of optic disc media (CDs and DVDs) to combine the best features of both mediums on one USB flash drive.

ABOUT PANPACIFIC INTERNATIONAL, INC.

PanPacific International (www.yespanpacific.com) became The Amergence Group's first "Spin-Out" subsidiary. Headed by Mr. John T. "Jack" Martin, its chief executive, the company is charged with seeking out edgy and/or disruptive businesses in Hong Kong and the surrounding areas and incorporating them within PanPacific International. PanPacific is located at: 1702 Chinachem Tower, 34-37 Connaught Road Central, Hong Kong, Hong Kong S.A.R.

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 Securities and Exchange Commission reports and filings. 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. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

Contact Information

  • Company and Contact:
    Peter H. Jacobs
    Managing Director
    md@amergencegroup.com
    14220 N. Northsight Blvd., Suite 139
    Scottsdale, AZ 85260
    (480) 443-1600

    Company and Contact:
    John T. Martin
    Chief Executive Officer
    jtm@yespanpacific.com
    PanPacific International, Inc.
    1702 Chinachem Tower
    34-37 Connaught Road Central
    Hong Kong, Hong Kong S.A.R.