SOURCE: eMax Holdings Corp.

February 20, 2008 08:45 ET

eMax Holdings Corporation Files 8-K

ORLANDO, FL--(Marketwire - February 20, 2008) - eMax Holdings Corporation (PINKSHEETS: EMXC) today announced they filed an 8-K announcing a licensing agreement between Artists Innovations and eMax Media Group, Inc., a company partly owned by eMax Holdings Corporation.

The licensing agreement from Artists Innovations, Inc. was for non exclusive marketing rights to media, entertainment and technology rights to eMax Media Group and was granted in exchange for an aggregate of 8,310,800 shares of eMax Media Group, Inc.'s preferred stock, with a stated value of $1.00 per share, and convertible into 103,885,000 shares of common stock in EMAX Holdings Corporation; at a stated value of a ten day average trading price of $.08 per share of common stock.

The licensing agreement also has produced for all EMAX Holdings Corporation shareholders a new stock dividend in eMax Holdings Corporation; and calculated based on one for each 1.84 common shares held on the record date of May 15, 2007. The dividend distribution event requires eMax Holdings Corporation to issue an additional 105,099,440 shares of common stock to be distributed to all of its shareholders as of the record date of May 15, 2007.

Roxanna Weber , CEO of eMax Holdings Corporation, stated, "We have begun to file with the SEC filings and information regarding our previous events and numerous new business activities. The company has been very quiet the past eight months as we have worked to restructure the company in preparation to support a tremendous amount of new large business investment ventures. We encourage all our shareholders and investors to watch for more future filings and press releases to announce all our new business activities and increased management appointments. We are very excited about all of our new business activities and for our shareholders future investment gains. eMax Holdings Corporation management and professionals will continue to work diligently to work towards becoming in complete compliance with the SEC and ultimately to request listing on Nasdaq's Bulletin Board or Small Cap listing."

About eMax Holdings Corporation

eMax Holdings Corporation (http://www.emaxcorp.com) is a diversified holding company investing in multimedia, entertainment, communication, broadcasting, IT and software technologies, real estate, 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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