SOURCE: eMax Holdings Corporation

February 24, 2011 13:55 ET

eMax Worldwide, Inc. Announces Its Subsidiary, New Unified Corp. Purchase of Farm

SALT LAKE CITY, UT--(Marketwire - February 24, 2011) - eMax Holdings Corp. (PINKSHEETS: EMXC), recently renamed eMax Worldwide, Inc., a diversified socially responsible investment holding company, announces the acquisition of their first farming operational property.

This week, the company's newly formed subsidiary, New Unified Corp., has signed a purchase contract to acquire its first farming operation in Northwest Florida. The property currently grows produce, poultry and eggs. The farm will be the test pilot of the company's newly designed eMax hydroponic/aquaponic growing systems. eMax plans to develop this test farm utilizing different modes of production that increase profit margins. The plan enables the farm to be multifaceted and self-sufficient -- a true green operation. The farming operations and the productive output will be increased tremendously by the utilization of this growing technique. The waste products of one system serve as food or fuel for a second biological system. The integration of fish and plants is a type of poly-culture that increases diversity and thereby enhances system stability. The produce is grown without any pesticides, in controlled environments, which means healthier and larger grown produce in a shorter time period. This will also allow the same area of production to be harvested year round. It also allows for produce to be grown vertically, which enables ten times more produce to be grown and harvested, therefore, increasing profits. At the new prototype farm, the company will test the newly developed growing techniques of lettuce, peppers, beans, herbs, tomatoes, and many other vegetables used by consumers in the USA. In addition to the produce, the eMax prototype will include fish farming of several warm water fish species. The company's management team includes experienced farmers and real estate professionals. The farm is projected to locally hire at least five to ten employees to begin work immediately.

The company recently released its unaudited financial information and it can be found at http://www.emaxworldwide.com/download/emaxworldwidenumbers_12312010.pdf

The current book value of the company's common stock is $.02 per share. The company has begun buying their common stock back out of the open market and will continue to buy common stock this year until the stock reaches at least $.50 per share value.

eMax Worldwide, in preparation for their new wave of growth, has formed the new subsidiary for the exclusive intention of acquiring operating company investments in the area of income producing 1) real estate, 2) oil, gas and alternative energy companies and 3) commodity producing operations in the US. eMax Worldwide's objectives are to acquire companies that will help to put Americans back to work and produce more USA made products. eMax Worldwide recently posted on their site an executive summary outlining their future business plans. Http://www.emaxworldwide.com/download/emaxworldwidesummary.pdf.

About eMax Worldwide, Inc.

eMax Worldwide, Inc. (www.eMaxworldwide.com) is a diversified investment holding company acquiring and growing family and morally valued multimedia, entertainment, communication, broadcasting, high-end technologies, and real estate , energy and finance industries through two corporations.

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.

Contact Information

  • Contact:
    eMax Worldwide, Inc.
    Roxanna Weber
    850-638-3920