FMX Ventures Inc. formerly Footmaxx Holdings Inc.

FMX Ventures Inc. formerly Footmaxx Holdings Inc.

March 11, 2009 10:28 ET

FMX Ventures Inc. Announces Amalgamation of Parent and Ontario Subsidiaries

TORONTO, ONTARIO--(Marketwire - March 11, 2009) - FMX Ventures Inc. (NEX BOARD:FMX.H)(the "Company") announced today that it has amalgamated with two of its wholly-owned subsidiaries, 1273689 Ontario Inc. and 1273690 Ontario Inc. under the provisions of the Business Corporations Act (Ontario), to form one entity which will continue to be called "FMX Ventures Inc."

The amalgamation was carried out in order to simplify the Company's proposed voluntary dissolution and the delisting of its shares which will be presented to shareholders for approval at the Company's upcoming special meeting, as previously announced on February 16, 2009.

Forward-looking Statements

This release may contain projections and other forward-looking statements regarding future events. Such statements are predications involving known and unknown risks, uncertainties and other factors that may cause the actual events or results to be materially different. Although the Company believes that the forward-looking statements contained herein are reasonable, it can give no assurance that the Company's expectations are correct. For information concerning factors affecting the Company's business, the reader is referred to the documents that the Company files from time to time with applicable Canadian securities and regulatory authorities.

Number of Common Shares issued to date - 39,342,894

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