SOURCE: eMax Holdings Corp.

January 23, 2006 12:05 ET

eMax Holdings Corporation Announces Recent Progress

SPRINGFIELD, TN -- (MARKET WIRE) -- January 23, 2006 --eMax Holdings Corporation (OTC: EMXC) announces Recent Progress in a shareholder letter and a copy of the letter can be seen in full at their corporate website http://www.emaxcorp.com/shareholder.html.

About eMax Holdings Corporation

eMax Holdings Corporation, http://www.emaxcorp.com, is a diversified holding company investing in multimedia, entertainment, communication, broadcasting, high-end technologies, and real estate and finance industries through five corporations. eMax Holdings Corporation holds stock interest in eMax Ventures, Inc.; Artists Innovations, Inc.; Spider Technologies, Inc.; EntertainMax Worldwide, Inc.; and Gold Rush Investments Corp.

eMax Holdings Corporation has successfully acquired interests in several businesses resulting in the Company's current investment structure consisting of seven operating areas with technology-driven, high-quality products and services focusing on pre-recorded music, Internet, Video and Television programs and the acquisition and development of real estate, IT and software development technologies, and Broadcasting.

About eMax Ventures, Inc.

eMax Ventures, Inc. was formed to be a corporate consultation operating entity. eMax Ventures was formed to take advantage of the numerous business investment situations that cross their path. These investments take the form of time and money on behalf of eMax Ventures. eMax Ventures, Inc. specializes in consultation for due diligence, valuation analysis, corporate filings, shareholder communications, and strategic positioning in negotiations. eMax Ventures also specializes in the acquisition and sale of small private companies. eMax Ventures will maintain ownership in these companies, therefore building value for eMax Ventures shareholders and as its investments continue to grow.

About Artist Innovations, Inc.

Artist Innovations, Inc., http://www.artistsinnovations.com, is a strategic company formed to publish, market and merchandise artist content and innovations as exclusive representing and publishing agents. Artist Innovations represents clients and markets products and many other intellectual properties such as copyrights, patents, trademarks, movies, music, games, and IT and computer programs.

About Spider Technologies, Inc.

Spider Technologies, Inc. http://www.spidertechnologies.net is a cutting-edge, high-tech, software development company focusing on Internet, new digital media and IT industries. Spider Technologies is a developer of proprietary Internet, computer, and IT software technologies and hi-tech business solutions. These technologies are developed for exclusive licensing arrangements for select distribution partners across the globe. The Spider Technologies include proprietary search engine networks, secure and niche-market browsers, Internet-based programs and media delivery consoles. Spider Technologies plans to unveil numerous new Internet technologies which will revolutionize the way consumers interact through the Internet.

About EntertainMax Worldwide, Inc.

EntertainMax Worldwide is a global music, multimedia, entertainment and broadcasting company that offers high-quality products and services focused in the areas of pre-recorded music, feature film and TV production, concert and sports events, and merchandising. Investors can find current updates and developments at http://www.entertainmax.net. EntertainMax Worldwide, Inc. owns the family Internet portal, www.emaxnet.net.

About Gold Rush Investments Corp.

Gold Rush Investments Corp. was formed to serve as a real estate investment and development holding company and is actively acquiring and developing properties in the U.S. and Canada. Gold Rush Investments recently acquired from Reynolds World Investment Enterprises, LLC, Financial Spider, and its related portals, services and product sales. Investors can find current updates and developments at http://www.goldrushinvestments.com

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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