eMamba International Corp.

eMamba International Corp.

September 16, 2011 07:00 ET

eMamba International Corp. (EMBA) Signs Business Development Agreement With Mercosur Common Market

The South American Trading Bloc's Four Full-Member States, Argentina, Brazil, Paraguay and Uruguay, Have a Combined Population Estimated at More than 242,000,000.

SANTA FE SPRINGS, CALIFORNIA--(Marketwire - Sept. 16, 2011) - eMamba International Corp. (PINK SHEETS:EMBA), an emerging provider of cloud-based business management software and after-sales customer care services, announced today it has signed a three-year business development agreement with the Mercosur common market.

Mercosur is a South American economic trade zone made up of four full-member states, Argentina, Brazil, Paraguay and Uruguay, with a combined population estimated at more than 242,000,000. Bolivia, Chile, Colombia, Ecuador and Peru are currently associate member states in Mercosur.

During the term of the agreement, Mercosur's Chamber of Industry and Commerce will aid eMamba in developing its business and generating sales in Mercosur member countries. The agreement states that the Mercosur CIC will provide eMamba with advisory and consulting services across a range of specialty business functions, including management, marketing and public relations. Mercosur's services will include introducing eMamba to potential joint-venture partners that have an interest in implementing eMamba's comprehensive business services and solutions in the public and private sectors.

As part of the agreement, Mercosur has been granted 45 million shares of eMamba stock, which is equivalent to 25 percent of eMamba International Inc.

Additionally, the company welcomes Felix J. Mostelac, Director of the Mercosur USA Chamber of Industry and Commerce, has been appointed to the eMamba advisory board. Mr. Mostelac has extensive experience managing high-tech businesses and orchestrating technology, research and financial growth. In his role with the Mercosur USA Chamber of Industry and Commerce, Mr. Mostelac works directly with leaders in government and the private sector in numerous countries around the world. Previously, Felix was the President and CEO of Quality Business Enterprises Oil (Qubeoil) and President of Treasures of the Sea International. He has a Bachelor's Degree in International Business Management and has studied Industrial Engineering at the University of Engineering Science in Havana, Cuba.

"We're very excited to be bringing our next-generation customer-care solution to the Mercosur common market," said eMamba's President and CEO Glen Huang. "This is a significant step forward for eMamba in the rollout of our business strategy, and we anticipate that we'll have many more developments to share with our shareholders in the near future."

About Mercosur

In 1991, Argentina, Brazil, Paraguay and Uruguay signed the Treaty of Asuncion to create the Southern Common Market (Mercosur), which would establish a customs union and common market by the end of 1995. The goal was to create a combined market of sufficient size to enable businesses to exploit economies of scale in sectors such as agribusiness, electronics, aircraft and parts, chemicals/petrochemicals, IT, telecommunications, auto parts and financial services. The Mercosur Chamber of Industry and Commerce supports business growth across the trade zone by educating international companies on local business requirements, helping them make contacts and assisting in the execution of their business strategies.

About eMamba

eMamba International Corp. is a new kind of company that provides an integrated offering of cloud-based business management software and after-sales customer care services. Our suite of cloud applications encompasses the full spectrum of enterprise resource planning (ERP) and customer relationship management (CRM) functions. This software supports a complete lineup of after-sales customer services, including call center operations, warranty fulfillment, part sourcing, product repairs and warehouse services. No other company offers such a robust and comprehensive customer-care solution. For more information, visit www.emamba.com.

Forward-looking statements

This news release contains forward-looking statements, for eMamba International Corp. (the "Company"). Forward-looking statements contained in this news release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results to differ materially from those anticipated. The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The risks and uncertainties that may affect forward-looking statements include, but are not limited to: (i) rapid changes in the customer support marketplace, (ii) cost and market acceptance of the Company's new and existing services, (iii) the level of individual customer commitments, (iv) competitive service offerings and pricing, and general economic circumstances. Forward-looking statements are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligation to update forward-looking statements should circumstances or management's beliefs or opinions change.

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