IRVINE, CA - (NewMediaWire) - August 24, 2015 - Emaji, Inc. (OTC PINK: EMJI) announced today that it is further reducing its authorized common stock by 4 billion shares from 14.8 billion to 10.8 billion shares.
This represents a reduction of 27% from the previous level and is in addition to the 63% reduction announced in June of this year.
In announcing the additional authorized share reduction, the Company is not reversing its common stock.
Emaji also announced that it has filed it second quarter report for the quarter ended June 30, 2015, which is available at www.otcmarkets.com.
The Company is working on further measures to strengthen its balance sheet and capital structure while it continues to implement its business plan.
As of August 24, 2015, Emaji has 7,639,746,087 common shares outstanding, with 4,768,898,089 shares in the float (CEDE).
Additional information about Emaji can be found in the Company's reports and filings at www.OTCMarkets.com and on the Emaji website at www.emaji.com.
Emaji, Inc. (OTC PINK: EMJI), based in Irvine, California, is a publicly traded development stage company with three divisions: Sports, Entertainment, and Ventures.
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.