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EMTA Holdings Acquires Dyson Properties, Manufacturer of High-Performance Automotive Lubricants Which Complement EMTA'S Energy Conservation Product Line, XenTx
| Source: EMTA Holdings Inc.
SCOTTSDALE, AZ -- (MARKET WIRE) -- January 10, 2007 -- EMTA Holdings, Inc. (PINKSHEETS : EMHD ), the
Scottsdale-based maker of the XenTx line of automotive energy conservation
products, announced that effective January 1, 2007 it has acquired Dyson
Properties, Inc., Durant, Okla. Dyson manufactures and sells automotive
racing and performance oils and lubricants under the name Synergyn Racing.
Michael Dyson, President of Dyson Properties, will remain as president of
the EMTA Synergyn subsidiary.
The Synergyn line, established in 1992, complements the XenTx line and
gives EMTA manufacturing and distribution capabilities from the Synergyn
plant in Durant.
Synergyn offers the latest in synthetic motor lubricants. Synergyn
products are blended for use in the latest NASCAR and NHRA racing engines
as well as in personal cars and pickup trucks. Synergyn also supplies
lubrication technology for commercial, industrial and farming use. It
offers 37 products including oils, oil treatments, fuel supplements, grease
and gear lubricants, hydraulic fluids and transmission and tractor fluids.
Edmond L. Lonergan, EMTA CEO and President, stated, "We expect to expand
distribution of both product lines through the cross marketing of each
other's products. XenTx has been sold primarily through retail and
automotive outlets and Synergyn has been sold primarily to the racing
community and industry through custom automotive shops and distributors."
Mr. Lonergan added, "We are pleased that Michael Dyson will remain as
President of our Synergyn subsidiary, adding both management experience and
technical support to EMTA."
Additional information about the companies can be found at XenTx.com and
SynergynRacing.com.
About EMTA
EMTA Holdings Inc. is a holding company currently engaged in providing
innovative solutions to conserve energy usage, particularly for
petroleum-based fuels. The Company has developed unique products that are
sold to industrial and commercial customers as well as to retail consumers.
In addition, the Company is currently developing three new lubrication
products and is interested in identifying future merger opportunities.
This press release discusses certain matters that may be considered
"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, as amended, including statements regarding the
intent, belief or current expectations of EMTA Corp. ("the Company") and
its management. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve a number of risks and uncertainties that could materially affect
actual results such as, but not limited to: the ability of the Company to
raise necessary capital; to attract and retain effective management; the
lack of viable commercial applications or the failure of third-party
contractors to perform their contractual obligations. Prospective investors
are also referred to the other risks identified from time to time in the
Company's reports and registration statement filed with the Securities and
Exchange Commission.
Consulting For Strategic Growth1, Ltd. ("CFSG1") provides EMTA Holdings
Inc. ("the Company") with consulting, business advisory, investor
relations, public relations and corporate development services.
Independent of CFSG1's receipt of cash compensation from the Company, CFSG1
may choose to purchase the company's common stock and thereafter liquidate
those securities at any time it deems appropriate to do so.