---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.
