ORLANDO, Fla., March 8, 2004 (PRIMEZONE) -- eMax Net, Inc. (EMAXNET), a minority owned subsidiary of eMax Corporation (Pink Sheets:EMAX), today announced the engagement of Pluris Partners, LLC as financial consultants to the company in advance of the pending merger between EMAXNET and Redox Technology Corp (OTCBB:RDOX). Pluris will advise EMAXNET in the identification, evaluation and undertaking of debt and equity financing options, introduce the company to broker-dealers interested in making a market in its securities to improve corporate liquidity, assist the company in identifying and developing institutional investment, help in the preparation of financial memorandums and similar statements related to financing activities, and, advise and assist EMAXNET in the restructuring, investment in, or spinning off of any of its subsidiaries. Under the terms of the agreement, and to secure their services, Pluris will be entitled to a monthly cash retainer and reimbursement of expenses in addition to warrants to purchase EMAXNET shares expiring September 1, 2007. Both companies note this agreement does not promise or involve any investment in EMAXNET on the part of Pluris.
About EMAXNET
EMAXNET is building a worldwide digital and broadcast multimedia conglomerate through mergers and acquisitions to launch a twenty-four hour broadcast network showcasing all family valued entertainment and licensing programming to satellite and cable broadcast networks directly competing with the major networks. EMAXNET recently entered an agreement to acquire sixteen television stations throughout the US, is developing an alliance with IDVDBOX, Inc. to market the i2DVD player and expects to open a full media production and post-production facility in Florida. The company also plans to utilize these channels to license, market and/or distribute music and video offerings with more than 9,500 titles from eMax Music's licensed catalog of original songs recorded and released by many legendary artists. The company is comprised of four technology driven divisions (eMax Music, eMax Studios, eMax TV Group and eMax Software Group) dedicated to the redefinition of the artists' role in the entertainment industry through cooperative acquisition, development, publication, distribution and broadcast of quality audio and video entertainment.
EMAX Corporate updates & developments: http://www.emaxcorp.com Current quotes: http://www.pinksheets.com/quote/quote.jsp?symbol=EMAX
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties.