June 24, 2011 12:30 ET

Xemex Group, Inc. Announces That Its Symbol Is Now XMEX

BROOKLYN, NY--(Marketwire - Jun 24, 2011) - Xemex Group, Inc., (PINKSHEETS: XMEX), an innovative real estate development and management company, whose shares are quoted on the OTC Pink announced today that its symbol has been changed to "XMEX."

Xemex Group, Inc. was created last year when the company, then known as Envirokare Tech, Inc. (PINKSHEETS: ENVK), acquired New York-based Xemex Holdings. Xemex Group, Inc. will focus its business on its core real estate holdings, real estate development and related real estate support services.

About Xemex

Xemex Group, Inc., pronounced "Zemex," is a company that specializes in the development and management of commercial and mixed use real estate projects. Management of Xemex owns and operates a portfolio of residential and commercial properties in New York. Furthermore, management possesses significant experience in all phases of real estate development including: project management, syndication, construction, real estate finance and development.

Xemex has adopted a novel approach to its real estate development through the vertical integration of many real estate support services to achieve synergies at the project level. Technology and planning are being incorporated in every stage of the development process to optimize the deployment of resources on every project and eliminate waste.

Cautionary Note Regarding Forward Looking Statements

This press release and the statements of representatives of Xemex Group, Inc., Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, Xemex's ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.

Contact Information

  • Contact:

    Steve Pappas
    Xemex Group, Inc., Inc.
    President and Chief Executive Officer
    (718) 625-2700