SOURCE: The Amergence Group

The Amergence Group

December 20, 2010 09:15 ET

Amergence Group Gets Green Light to Issue Dividend to Its Shareholders

Amergence Group's Dividend of PanPacific International Shares to Amergence Shareholders Is Set for All Shareholders of Record as of December 31, 2010

PHOENIX, AZ and HONG KONG--(Marketwire - December 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 today that it has received word from the Financial Industry Regulatory Authority (FINRA) that it has successfully completed their review of the company's pending PanPacific International share dividend to its shareholders. Amergence will dividend out 1 common share of PanPacific International for every 10 shares of Amergence owned by its shareholders as of December 31, 2010 (record date). Once the dividends begin being issued, AMNG's symbol will temporarily become AMNGD to indicate a dividend is being issued. After 20 days, the symbol will return to its more familiar AMNG designation.

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)." The shares will be issued directly from PanPacific to Amergence shareholders. At the time of the spin-out and dividend issuance, PanPacific will be a private company, but intends to file registration documents with the SEC at the earliest possible time following the spin-out. Once the registration statement becomes effective, the filing will qualify PanPacific as a fully reporting company and entry onto the bulletin board. After its new trading symbol is issued, PanPacific plans to register the Amergence shareholder dividend shares to make them freely tradable.

About Amergence Group's Large Short Position

According to share shorting experts, www.Buy-Ins.net, almost a half-billion Amergence shares have been shorted since August of 2009, with the majority of those shorts sales occurring in the past 6 months (http://finance.yahoo.com/news/BUYINSNET-Updates-Amergence-pz-3048794993.html?x=0&.v=3). The Company and Buy-Ins.net believe that a handful of brokers have yet to purchase millions of AMNG shares for orders they have previously "sold" to their customers. Obviously, Amergence only intends to pay dividends to brokerage firms based on brokers' actual purchases and not "ghost" purchases that appear only as a broker's customer entry but not actually represented in a broker's inventory. Because PanPacific International's company is currently a private company, brokers who are short AMNG shares will not be able to "fish" for PanPacific shares following the December 31, 2010 record date as there will be no PanPacific shares available to brokers (or the general public) until PanPacific qualifies for the OTCBB since shares of AMNG purchased after the December 31, 2010 record date do not qualify to receive the PanPacific dividend. Brokers who are currently short AMNG must now eliminate their short position by purchasing AMNG in time for the December 31st settlement date in order to guarantee that all their customers receive the correct amount of their earned dividend.

PanPacific International's dividends should begin showing up in qualifying shareholder's accounts beginning the week of January 11, 2011 and continuing until the dividend has been issued to all qualifying shareholders. All dividend shares must be issued by June 30, 2011.

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'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.