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.
Don't be a victim. Report a stock basher to authorities. The
company is mindful that short sellers, the company competitors and
stock bashers stalk small cap Pink Sheets listed companies with
hidden agendas. Visit http://www.stockbasher.com/ and find out what
criminal and civil actions the US authorities are taking against
web sites and the remedies available to you as an individual
investor. Discover for yourself why and how USA based small businesses and the backbone of
the economy suffer. Stay informed and do not allow entrepreneurs
dreams, innovations, and their access to capital to be thwarted as
"scalpers" and day traders vigorously day in and day out try to
exploit and extinguish US innovation and progress for quick
profits.
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.
CONTACT: For any investor relations matters, please contact
www.minamargroup.net/helpdesk; Investor Relations Department
Inquiry,www.minamargroup.net (IR); For (M&A) and Corporate
Matters, www.minamargroup.com
SOURCE Eline Entertainment Group Inc.