SOURCE: The Amergence Group

The Amergence Group

December 22, 2010 13:06 ET

Amergence Group Sub -- PanPacific International -- Announces Its New Director and Chairman

Mr. Iman Soemargo, the original founder of PanPacific Business Ltd in Hong Kong, is named Chairman of the new PanPacific International

PHOENIX, AZ and HONG KONG--(Marketwire - December 22, 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, reported today that its subsidiary, PanPacific International, has chosen Mr. Iman Soemargo as its first chairman of the board. Mr. Soemargo has a strong career background in the international finance and investment segments with academic qualifications in architecture and computer-aided design and management. Since 1993, Mr. Soemargo worked as the chief executive for various investment and development companies in Canada. In 1996, with Golden Heart Investment Ltd., he handled numerous property investment projects that demonstrated his proficiency in developing profitable investment properties. Because of these successes, he established Good Fortune Investment Ltd., and Inter-Pacific Investment of Canada Ltd. During that period, he engineered the success of many joint venture projects in Indonesia, China, Korea and Taiwan. Iman founded PanPacific Business Limited in 2006.

Iman holds Master of Environmental Planning from Arizona State University majoring in Management and Computer Aided systems. During his career, he has been involved in setting up joint ventures in a multitude of investments including manufacturing, services, and real estate. His entrepreneurship led to the success of projects in Indonesia, China, and Canada involving investments from Australia, Indonesia, Singapore, China, Taiwan, Korea, Canada, and the United States. Since 2005, Iman has been incubating various media businesses in China for PanPacific Business, Ltd. in Hong Kong.

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. 

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.

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.