eMax Corp. Issues Freedom Entertainment Dividend


ORLANDO, Fla., March 9, 2004 (PRIMEZONE) -- eMax Corporation (Pink Sheets:EMAX) today announced details of the finalized dividend distribution of its spin-off company Freedom Entertainment International, Inc. (Freedom) originally announced on March 11, 2003. The company's stock transfer agent has this week confirmed the start of the dividend mailing to the EMAX shareholders of record. Originally estimated and announced as a one-for-ten stock dividend, the final mailing is being executed distributing 7,500,000 shares of Freedom across 46,132,204 EMAX shares held and settled on the March 14, 2003 date of record. The company is pleased to note the resulting dividend rate of just under one-to-six, a cash equivalent value of roughly $0.0813 per EMAX share, exceeds the anticipated dividend rate by nearly 40%.

eMax also notes the redesign of the http://www.emaxcorp.com corporate web site as a result of the pending spin-off of its eMax Net, Inc. subsidiary. The new corporate web site will shift information related to the operations of eMax Net, Inc. to the subsidiary's own web site at http://www.emaxnet.net to be developed and deployed in the near future. The eMax corporate web site has been redeployed as a central reference point for eMax Corp's shareholders providing shareholder communications and investor information on the company and its spin-offs and subsidiaries in an ongoing effort to open the company up to public scrutiny as eMax continues to work on its audits and move toward fully reporting status.

About eMax Corporation:

eMax Corp. is a holding company investing in multimedia and family entertainment content through two corporations and four divisions (eMax Realty Group, Inc. and EMAX NET, Inc. with divisions eMax Music, eMax Productions, eMax Software Group and eMax TV Group) and a shareholder interest in the company Freedom Entertainment International, Inc. (with subsidiary Freedom Entertainment Canada, Inc.). These eight operating areas offer technology-driven, high- quality products and services focusing on pre-recorded music, outdoor sports and special events, sales of motorcycles and motorcycle-related accessories, feature film production, television programs and the acquisition and development of real estate.

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.



            

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