SOURCE: El Maniel International, Inc.

May 09, 2014 08:28 ET

El Maniel International Inc. Upgrades to OTC Pink Current Information

Explores Possibility of Retiring Common Stock Owned by Insiders

NEW YORK, NY--(Marketwired - May 09, 2014) - El Maniel International, Inc. (PINKSHEETS: EMLL) is pleased to announce that the Company has successfully upgraded to OTC Pink - Current Information Tier, in the OTC Pink marketplace. "We are very pleased to have achieved the highest tier in the OTC Pink marketplace as it brings significant benefits to the Company and its shareholders with readily available comprehensive information on the Company's operations and financials on OTC Markets," stated Jamie Khoo, CEO of El Maniel International, Inc. 

"In the past month, our team has been diligently working to remove the Caveat Emptor sign on the OTC Markets and the amount of work and resources that that went into 'Going Current' was significant as we completed a comprehensive preparation and review of the books, records and disclosure statement of the Company going back to 2012," said Jamie Khoo "The Company is very excited in its new corporate direction and we can now go ahead with planned initiatives in the medical marijuana and crowdlending domain at full throttle." 

In addition, the Company is currently exploring the possibilities of retiring its common stock owned by insiders ahead of merger and acquisition transactions so as to make our stock more appealing to prospective acquisition targets and if everything falls into place, further details pursuant to this will be made available by mid-May, or earlier. 

About El Maniel International, Inc.: 

El Maniel International, Inc. is a publicly traded company holding assets in the gold business domain and the company is committed in creating shareholder's value by developing and expanding into current and new ventures in the international business domain with an immediate focus in the medical marijuana sector and crowdlending domain. For further information and updates, visit www.elmaniel.com or follow us on Twitter at http://twitter.com/EMLL_OTC 

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risk and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.

Contact Information

  • Contact:
    Investor Relations
    El Maniel International, Inc.
    Tel: (212) 726-2163
    e-mail: ir@elmaniel.com
    
    Twitter: @EMLL_OTC