SOURCE: eMax Holdings Corp.

June 04, 2007 09:41 ET

eMax Holdings Releases an Updated Shareholder Letter

SPRINGFIELD, TN--(Marketwire - June 4, 2007) - eMax Holdings Corporation (PINKSHEETS: EMXC), www.emaxcorp.com/shareholderletter.html today announces updates of their current progress and the release of a new shareholder letter. The CEO, Roxanna Weber, stated, "We have 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 costs 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
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 shares to be currently trading at a small fraction of its current book value per share.

We realize that the process by our company to issue the dividends has taken longer than any of us 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.

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, the Second Dividend is 1 share for each 3 shares of stock held in EMXC as of March 18, 2005

Current Dividend Matters

New Dividends

1. On April 18, 2007 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; 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. 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

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 all of our shareholders. 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 . 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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