SOURCE: The Amergence Group

The Amergence Group

October 20, 2010 09:10 ET

Amergence Group Announces It Will Spin Out Its Subsidiary, PanPacific International, Resulting in Its First Dividend to Shareholders

PHOENIX, AZ and HONG KONG--(Marketwire - October 20, 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 its plans to spin out one of its subsidiaries, PanPacific International. Amergence will retain equity in PanPacific which the corporation will share directly with AMNG shareholders in the form of a dividend.

Amergence President Peter Jacobs believes, "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 PanPacific International following which Amergence will contribute its expertise to help bring PanPacific into the U.S. public market as a fully-reporting bulletin board company."

All qualifying Amergence shareholders as of the record date (to be announced in a forthcoming press release) will 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. While it is commonplace for us, Americans, and our news outlets to highlight the differences between our two cultures, it amazes me how much the people of both regions have in common -- especially when one focuses on the business and entertainment sectors.

According to Jack T. Martin, PanPacific's president, "I am absolutely thrilled with our Amergence relationship. Together, it is possible to engage resources on both sides of the planet and I believe our dual geographies exponentially increases our opportunities for growth and achievement." 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 acquisition of Hong Kong's Queena Entertainment Group (http://finance.yahoo.com/news/Amergence-Group-Announces-Its-iw-412305778.html?x=0&.v=1) in our mission to expand our 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 can transform itself into their own individual self-sustaining company.

ABOUT THE AMERGENCE GROUP

The Amergence Group's (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.