eMax Worldwide, Inc. and Mindpix Corp. Cancel All Relationships with Inter Global Investments, LLC
ORLANDO, Fla., Jan. 17, 2012 /PRNewswire/ -- Mindpix Corp. (Pink: MPIX) cancels all relationships with Inter Global Investments. Due to continual and unusual delays in the funding commitments from Inter Global Investments, LLC, Mindpix Corp. and eMax Worldwide, Inc., (Pink: EMXC), have canceled all agreements with Inter Global Investments and its principals: Vivek Sinha and Shannon Newby. After performing extensive due diligence on our business relations with Inter Global Investments, the directors of Mindpix Corp., and eMax Worldwide have formally canceled all contract arrangements with them. The Directors of Mindpix and eMax recently learned of a pattern of unsuccessful and unsavory actions by Inter Global and its directors as it regards to their agreements with Mindpix and countless other publicly trading and private companies in the US.
Due to this cancellation with Inter Global Investments, several other contractual relationships with Unitell Worldwide Communications and Gilman Metals Company were also canceled due to the fact that these contractual agreements were also tied to the failed funding commitments from Inter Global Investments. Under these agreements with Gilman Metals Company, Inter Global, led by Mr. Shannon Newby and Mr. Vivek Sinha, signed a loan agreement with Gilman Metals to provide funding for $500 million. As part of that agreement Mindpix was to receive 25% of Gilman in exchange for 100 million 144 common shares. Despite constant assurances from Shannon Newby, Vivek Sinha, and Inter Global, the funds were never produced that would have allowed the agreements to be concluded. Inter Global has also failed to produce the funding for eMax Worldwide as contracted with them.
Roxanna Weber, CEO, states, "We are very disappointed that the written funding commitments from Inter Global did not transpire completely. We apologize to our shareholders for this unforeseen problem. However, we are grateful to have found these problematic issues out early so that our company would not have suffered more loss than necessary. Mindpix Corp. is now discussing and engaging with alternative relationships that will allow MPIX, its related companies and shareholders to achieve great success in 2012 and into the future. An announcement will be released soon regarding these new ventures."
About Mindpix Corp.
Mindpix Corp. (MPIX), www.mindpix.com, is a holding company that invests in multi-media entertainment, internet, networks, communications and new emerging technology companies. Mindpix Corp. has recently updated its disclosure and financial information at OTCMarkets. All files can be found at www.otcmarkets.com/stock/MPIX/financials
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 MPIX.
Contact for Mindpix [email protected].
Mindpix Corp. at 850-638-3920
SOURCE eMax Worldwide, Inc.
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