HARBIN, China, June 1 /PRNewswire-FirstCall/ - Eline Entertainment Group Inc. (EEGI; http://elineentertainment.com/) management announces, that the company will later today file with Pink Sheets and disclose the list of its preferred shareholder list. The list includes some of Chinas most distinguished individuals and Chinese based accredited investors. The company plans to release this list in order to become more transparent with Pink Sheets and the public. Company expects the increased transparency will attract new investors and allow for more robust market conditions.
A source close to the company stated, "With the strong revenues generated by the Inn Group in 2009, we feel that we need to protect our success and our shareholders from the negative influences that prey on strong companies and their unsuspecting investors. We also do this to show the shareholders that they are well protected from any negative influences from the side of the company.
A source close to the company said "Our major concern is the fact that North American investors don't seem to respond to solid revenues with exceptional profit margins offered by the Inn Group. We believe that the investors' community underestimates the Educational Industry in China. There is a number of Institutions whose values had skyrocketed in the past. We don't see a reason why Inn Group should be any different. All one has to do for example is look at the US based University of Phoenix and the Appolo Group Inc. They currently serve to over half a million students. They made it big and so can EEGI on our model. Firstly we need to gain public interest in our educational business model, and raise our trading volume and stock value where it belongs. These are the main reasons why we plan to increase our transparency: to get new investors onboard and increase value."
To that end, the company will be registering class "B" shares with Nevada State shortly. These shares will not have the privilege of trading in the open markets as our current common shares do. Both preferred and this new B class of shares have already been pre sold to Chinese investors in China only. The company will be making a series of announcements shortly on various acquisitions and expansions it will be making with the proceeds of these funds.
The company reminds its shareholders and followers to monitor PinkSheets.com Filing section and also our IR company web site section "PRESS RELEASES AND FILINGS" TAB http://www.minamargroup.net/ for non newsworthy corporate updates.
For any matters relating to retail investor queries or to send the company or its IR a message please click on the "INVESTOR SUPPORT" TAB, or the direct link http://www.minamargroup.net/helpdesk. In this regard, Mina Mar Group works diligently to answer and address all the pressing issues regarding its clients to the shareholders' satisfaction. MMG is in constant contact with the companies, addressing, obtaining and processing all inquiries. MMG is often one of the advisors or IR companies utilized by the issuer. Depending on the location of the issuer and management's availability, it may take up to several days to address any pressing issues. In a normal course of business and a pending transaction, the issuer may opt to remain silent in order not to lose advantage to a competitor. MMG is mindful that sometimes shareholders want answers immediately, which for the above reasons cannot be fulfilled on a timely basis.
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Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client Support section in due course. To be included in company's email database for press releases, industry updates, and non-weekly activity in the company that may or may not be news released, please subscribe or opt in mailer at http://www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Eline Entertainment Group Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Eline Entertainment Group Inc. cautions you that any forward-looking information provided by or on behalf of Eline Entertainment Group Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Eline Entertainment Group Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Eline Entertainment Group Inc.'s control. In addition to those discussed in Eline Entertainment Group Inc.'s press releases, public filings, and statements by Eline Entertainment Group Inc.'s management, including, but not limited to, Eline Entertainment Group Inc.'s estimate of the sufficiency of its existing capital resources, Eline Entertainment Group Inc.'s ability to raise additional capital to fund future operations, Eline Entertainment Group Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Eline Entertainment Group Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Eline Entertainment Group Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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SOURCE Eline Entertainment Group Inc.