- Shares Withdrawn from Float and Canceled -
IRVINE, CA, Sept. 21, 2016 /PRNewswire/ - Emaji, Inc. (OTC: EMJI) (the "Company") announced today that it has completed the cash buy-back of 411,085,267 shares of the Company's common stock from a private investor who withdrew his shares from the float in the trading market.
This represents an additional step the Company has undertaken to increase stockholder value. The Company recently announced that, pending regulatory approval, it is changing its name to Broadside Enterprises Inc., to better reflect its business path.
"The shares acquired by the Company were withdrawn from the float, returned to the Company's transfer agent and canceled. This retirement of shares from the float represents an act of conservatism to bring back confidence to our shareholders and to show that we are committed to the long term future of our Company," said Christopher Petzel, the Company's CEO.
The Company anticipates announcing its new corporate name as well as its initial corporate acquisition in the coming weeks.
About Emaji, Inc.:
Emaji, Inc. (OTC: EMJI), based in Irvine, California, is a publicly traded development stage company with two divisions: Entertainment and Ventures.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's reports and filings at http://www.OTCMarkets.com.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
SOURCE Emaji, Inc.