SOURCE: eMax Holdings Corp.

February 26, 2008 08:30 ET

Gold Rush Network, a Company Partly Owned by EMAX Holdings Corporation, Increases Their Investments Into Katrina Re-Development Group

PERRY, FL--(Marketwire - February 26, 2008) - Gold Rush Network, a company partly owned by eMax Holdings Corporation (PINKSHEETS: EMXC), has signed a resolution to set aside an additional thirty-five million shares of common stock to be used for the capital benefit of The Katrina Re-Development Group. In year 2007 Gold Rush Networks had signed an agreement with RGC Group to invest capital resources for the redevelopment of real estate in New Orleans, Louisiana where Hurricane Katrina, in year 2005, had displaced hundreds of thousands of families.

After hearing about Gold Rush's commitment to work along with RGC Group towards the much-needed rebuilding of the housing and communities in the Katrina-devastated areas, eMax Holdings Corporation offered their support to the project and agreed to show their involvement by investing capital shares of their stock into Gold Rush Network for the benefit of the Katrina Re-Development Group.

Roxanna Weber, CEO of EMAX Holdings Corporation, stated, "The Katrina Re-Development Group has made lightning speed progress in the redevelopment of properties in New Orleans within the past sixty days. Due to RGC Group aggressive and positive progress, Gold Rush Network Group and EMAX Holdings Corp have agreed to invest more shares of common stock for the capital benefit of The Katrina Re-Development Group. All the investments will provide to the EMAX Holdings Corporation shareholders a new stock dividend in the company in the future and also is just the right thing to do. After two years since Hurricane Katrina slammed New Orleans there still is not enough housing in place to just service the labor pool that drives over 30 miles each day to try to make a living and to work towards the benefit of the rebuilding the heartbeat of New Orleans."

The management of Gold Rush Networks and EMAX Holdings is extremely excited about the positive impact these investments are making in people's lives in New Orleans, helping to rebuild the community.

In year 2007, eMax Holdings Corporation originally signed a resolution to set aside twenty-five million shares of stock for the capital benefit of Katrina Re-Development Group after they had recently completed a reorganization path, where the book value of the common stock of eMax Holdings Corporation carried an average ten day traded value of $.07 per share.

About eMax Holdings Corporation

eMax Holdings Corporation (http://www.emaxcorp.com) is a diversified holding company investing in multimedia, entertainment, communication, broadcasting, IT technologies, real estate, 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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