IRVINE, CA - (NewMediaWire) - November 12, 2015 - Emaji, Inc. (OTC PINK: EMJI) announced today that it has purchased $410,951 in long-term convertible notes from third party note holders and has thereby vastly reduced the potential for future dilution to its common stock.
This purchase and the recent buy back and cancellation of 1.4 billion common shares have been made possible through funding provided by current Emaji stockholders.
Over the past year, Emaji has significantly improved its balance sheet and capital structure to serve as a foundation to building a strong enterprise with significant revenues.
More details will be announced when the Company issues its third quarter report this month for the quarter ended September 30, 2015, which will be available at www.otcmarkets.com.
As announced on April 27, 2015, the company affirms its commitment to (i) not reverse its common stock, and (ii) not issue any new convertible debt.
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: 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.