ORLANDO, Fla., March 26, 2004 (PRIMEZONE) -- eMax Net, Inc., a Florida corporation (EMAXNET) partly owned by EMAX Corporation (Pink Sheets:EMAX) today announced the closing of the acquisition of MarketBeasts.com LLC key assets announced in February of this year. Under the agreement EMAXNET has acquired the rights to the MarketBeasts.com LLC business plan, network infrastructure, contracts, customer base, domains and proprietary software applications consisting of data services, message boards, chats and other retail investor services for $1,250,000 in convertible preferred EMAXNET stock at $1.70 per share. EMAXNET will complete the development and deployment of the MarketBeasts business plan and web site in conjunction with other technologies currently under acquisition and development to create a turnkey subscription-based WiFi end user solution for the on-line retail investment community competing directly with online financial message board communities and market data services. EMAXNET will also seek to integrate these new services into its programming slate adding a strong financial information backbone to its broadcast capabilities. Further details of this initiative will be announced upon the completion of additional pending business alliances and acquisitions.
About EMAX Net, Inc.
eMax Net, Inc. 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. eMax Net, Inc. recently entered an agreement to acquire sixteen television stations throughout the U.S., is developing an alliance with iDVDBox, Inc. to market the i2DVD player and has opened a full media production and post-production facility in Florida. 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, production, publication, distribution and broadcast of quality audio and video entertainment.
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, including, without limitation, the future press releases of EMAX.