SOURCE: The Amergence Group

The Amergence Group

January 18, 2011 10:49 ET

Amergence Shareholders Begin Receiving Their First Dividend - PanPacific International

All Amergence Group Common Shareholders Begin Seeing PanPacific International Dividend Shares in Their Account

PHOENIX, AZ and HONG KONG--(Marketwire - January 18, 2011) - 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 shareholders have reported seeing their PanPacific International dividend shares in their brokerage accounts. All AMNG shareholders of record on December 31, 2010 should be automatically receiving their dividend from the company in the form of shares in Amergence's spin-out company, PanPacific International.

Amergence reports that its first spin-out and planned dividend to its shareholders represents the actualization of a unique business concept called 'dividend farming' (http://finance.yahoo.com/news/The-Amergence-Group-Announces-iw-2787433505.html?x=0&.v=1). The Company's transfer agent, Olde Monmouth Stock Transfer, is issuing the PanPacific International dividend directly to brokerage firms who then allocate the shares to each of their customers. The Depository Trust and Clearing Corporation (DTCC) determined the amount of actual Amergence shares held by each brokerage firm as of December 31, 2010. 10% of each broker's aggregate Amergence holdings will be paid to the brokerage firms in PanPacific dividend shares. 

Until PanPacific registers with the SEC, it remains a private company. The company has begun the process of preparing to file as a fully-reporting small public company that will trade on the Bulletin Board. Once its filing becomes effective, PanPacific will apply to FINRA for its trading symbol. Once given a symbol, the company's market makers will begin trading PanPacific's shares. At that time, the marketplace trading activity will determine PanPacific's price per price. The company will then register the Amergence shareholder dividend shares with the SEC thus making the shares free-trading.

Amergence Group's Large Short Position

According to share shorting experts, www.Buy-Ins.net, over 400,000,000 Amergence shares have been shorted since August of 2009, with the majority of those shorts sales occurring in the past 7 months (http://finance.yahoo.com/news/BUYINSNET-Updates-Amergence-pz-3048794993.html?x=0&.v=3). The Company and Buy-Ins.net believe that several of these 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 are 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 dividend shares following the December 31, 2010 record date as there will not be any PanPacific shares available to brokers (or the general public) until AFTER PanPacific qualifies for the OTCBB and begins trading on its own. Amergence shares purchased after the December 31, 2010 record date do not qualify to receive the PanPacific dividend. All dividend shares must be issued by June 30, 2011, the closing date of the dividend's distribution.

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
    jack@panpacificinternational.com
    PanPacific International, Inc.
    1702 Chinachem Tower
    34-37 Connaught Road Central
    Hong Kong, Hong Kong S.A.R.