SOURCE: eMax Holdings Corporation

November 10, 2010 09:15 ET

eMax Worldwide, Inc. Announces Buy Back Program

SALT LAKE CITY, UT--(Marketwire - November 10, 2010) -  eMax Holdings Corp. (PINKSHEETS: EMXC), recently renamed eMax Worldwide, Inc., a diversified holding company, has announced they are going to begin buying their common stock back from the public in the open market. The CEO, Roxanna Weber stated, "The stock in eMax Worldwide is trading way below its average book value. At these traded prices the company believes they should buy as many shares as possible up to the point of the book value price per share. We value every capital investment in the company and believe the buy back program is the least we can do to help to support our shareholders investments. Our stock price has fallen over the past few years as we have been quiet during our consolidation and compliance period but now that our company is in the home stretch of becoming completely transparent and compliant, it makes no sense to sit back and not be more proactive in supporting our shareholders and helping to reinvest our own funds to buy the stock until the price reaches back the book value.

"We have also filed with Pink Sheets to Uplist our Tier rating.  However, we have been told by Pink Sheets that we will maintain a yield sign until we file our annual filings and audits with the SEC, which we are currently underway with completing. This is due to the fact that EMXC is a SEC reporting company and Pink Sheets follows SEC and Nasdaq filing standards to update their tier standings for public companies that are SEC reporting, as EMXC is. Once eMax finishes these last filings and audits they will be fully reporting with the SEC, and fully reporting on Pink Sheets."

About eMax Worldwide, Inc.

eMax Worldwide, Inc. (www.emaxcorp.com) is a diversified holding company investing in family valued multimedia, entertainment, communication, broadcasting, high-end technologies, and real estate and finance industries through two corporations: EMAX Media Group and EMAX Finance, Inc.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995

Contact Information

  • Contact:
    eMax Worldwide, Inc. -- eMax Holdings Corp
    Roxanna Weber
    CEO
    850-638-3920
    info@emaxcorp.com