SOURCE: eMax Holdings Corp.

June 01, 2007 14:32 ET

eMax Holdings Corporation Updates Their Current Progress

SPRINGFIELD, TN--(Marketwire - June 1, 2007) - eMax Holdings Corporation (PINKSHEETS: EMXC), www.emaxcorp.com, today releases an update of their progress. The CEO, Roxanna Weber, stated, we have just begun to implement our plan to consolidate numerous company interests and assets which will allow the company to do several things:

1. Streamline and focus company operation activities into four surviving subsidiary companies: EMAX Technologies, EMAX Media, EMAX Networks and the Gold Rush Network

2. Contain cost with less redundant corporate office expenses

3. Preparing all filing materials for the SEC, and NASDAQ

4. Become a full reporting public company

5. Distribute several stock dividends to our loyal shareholders

CEO, Roxanna Weber stated, "It is very frustrating for us at eMax to know all the facts and details about the changes going on at eMax Holdings Corporation and then have to watch the daily trading price per EMXC share to be currently trading at a small fraction of its current book value per share. As the company has been very busy preparing all the necessary administrative affairs surrounding the company's new events, a small amount of people in the trading community have been trying to make the company stock price look weak and have been trying to hurt the company's market cap for no apparent reason. eMax is making some prudent consolidation efforts currently and all of their efforts should also correct any and all deficiencies.

"We realize that the process by our company to issue dividends has taken longer than we expected However, as we review the actual dividends that we are currently issuing, we know our shareholders will be extremely happy with their total return on investment on each share they have acquired in EMXC.

"We want to take this time to answer some questions that we received daily at our office. First we want each shareholder to know how much we appreciate each and every one of your capital and time investments. The dividends are currently being prepared for delivery to you with the help of our transfer agent.

"Below you will find information on all dividends for which you may be eligible and that the company is preparing at this time."

Older Dividend Events

1. On March 18, 2003 one in Freedom for nine shares held in eMax shares as first dividend

As originally stated and as of the record date of March 18, 2003, the first dividend is being paid to those shareholders that held shares in eMax at that time. Each shareholder as of the record date will receive one share of the new company's stock for every 9 shares of eMax they hold as of the record date, March 18, 2003.

2. On March 18, 2005, Second Dividend 1 share for each 3 shares of stock held in EMXC

The second stock dividend in eMax Alive Worldwide, Inc. is to be paid to current EMXC shareholders of record as of March 18, 2005. The resulting dividend rate is one eMax Alive Worldwide, Inc. share for every 3 EMXC shares held.

Current Dividend Matters

New Dividends

1. On April 18, 2007 eMax Holdings Corporation announced they have entered into an agreement to acquire Artists Innovations, Inc. eMax Holdings Corporation signed an acquisition agreement to acquire all assets and rights held by Artist Innovations, Inc. eMax Holdings shareholders will gain a new share of stock dividend in eMax Holdings Corporation to be issued to them for each two shares they held in eMax Holdings Corporation and with the record date May 15, 2007. The transactional value equated to EMXC shares are being valued at $.015/share.

2. On May 22, 2007 eMax Holdings Corporation announced they have signed a merger agreement with Gold Rush Investments Corp. Roxanna Weber, CEO of eMax Holdings Corporation, stated that this is the beginning of several new events that will help to consolidate company holdings and operating divisions. eMax Holdings shareholders can expect to receive a new share of stock in eMax Holdings Corporation for each four shares they hold in eMax Holdings Corporation. As of the record date of June 15, 2007. The transactional value equated to EMXC dividend shares are being conservatively valued at $.015/share.

eMax is releasing an updated shareholder letter that will fully discuss the upcoming shareholder dividend events and terms and also the previous dividends currently being issued and what they currently mean to each shareholder. Look for all current update info at our website, www.emaxcorp.com.

If you are a shareholder and do not know if we have your correct mailing address, please email us at info@emaxcorp.com your correct information.

All dividend shares will be sent directly to the shareholder at their address of record on file by mail. All shareholders who hold their shares in a brokerage account will receive their share dividends by way of their brokerage firm. The company is currently working on getting the dividends moved to the shareholders at this time. Any questions regarding these matters please feel free to call the company at 866-585-2065. We receive many emails daily and this communication does help the company keep current mailing info on file for al of our shareholders.

If you have older shares in the name of Gateways To Space, eMax Corp, or Space Wiff, you may forward them to the transfer agent at 1511 S 100 East, Suite B, Salt lake City, Utah 84105 (801-485-7978). The fee is $20.00 to exchange shares for a current certificate, and an additional fee is charged if you ask for restricted legends to be removed from shares.

About eMax Holdings Corporation

eMax Holdings Corporation (http://www.emaxcorp.com) is a diversified holding company investing in multimedia, entertainment, communication, broadcasting, IT, artificial intelligence technologies, energy and finance industries.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the future press releases of eMax.

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