Emaji lands first major funding commitments
PR Newswire
IRVINE, CA, Nov. 7, 2013
---Agreements reached on initial $4 million for acquisitions and operating capital---
IRVINE, CA , Nov. 7, 2013 /PRNewswire/ - Emaji, Inc. (OTC: EMJI) announced today that it has entered into financing agreements that are expected to provide Emaji with $4,000,000 in acquisition and operating capital. The funding agreements, which Emaji has been negotiating with several individuals and institutions over the past year, bring Emaji closer to reaching its initial funding goal of $5,000,000 as it continues to move forward with its development efforts in its Sportsworld Entertainment and Emaji Business Development divisions.
The agreements call for funding to commence during the fourth quarter and to continue throughout fiscal year 2014. The use of proceeds includes funding for the planned acquisition of an NBA Development League team through Sportsworld's Professional Sports Acquisition Group, funding to develop and produce a reality competition syndicated series as part of the Flashback Camps International participatory camps, continued development on Netoy.com,® and operating capital which will be utilized to retain additional management and staff. This funding will also enable Emaji to file its planned initial registration statement in order to become fully reporting and provide the financial foundation so that Emaji will no longer be considered a development stage company.
Emaji plans to post the executed funding agreements as part of its quarterly filing with OTC. Emaji plans to release its specific revenue targets for 2014 prior to end of the fourth quarter. For additional information on Emaji, Inc., please go to www.emaji.com or http://www.otcmarkets.com .
About Emaji :
Emaji, Inc. (OTC: EMJI), "Where Imagination Comes Alive," is a publicly traded development stage company with two initial divisions, Emaji Business Development, which is developing the rollout of its revamped online toy portal Netoy.com®; and Sportsworld Entertainment, which is developing its participatory collegiate and professional sports camps through Flashback Camps International, a financial and marketing support program for a wide variety of athletic enterprises, including youth athletic programs, and its Professional Sports Acquisition Group, which is currently exploring acquisition opportunities in professional sports.
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.
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