HUNTINGTON BEACH, Calif., March 7, 2002 (PRIMEZONE) -- EMB Corporation (OTCBB:EMBI), (Berlin:EMBI.BE), (Frankfurt:EMBI.F), and (Hamburg: EMBI: EMBI:H) announced today that the Company erroneously stated in a March 5, 2002 press release that "EMB Corporation achieved record net revenues in its second quarter ended December 31, 2001." President and CEO James E. Shipley stated, "It should have read that the Company achieved record net revenues in the first quarter of its fiscal year ended December 31, 2001. We apologize for the mistake."
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About EMB Corporation:
EMB Corporation is a financial services holding company, which provides a network to mortgage brokers, both retail and wholesale through our wholly owned mortgage companies, currently including American National Mortgage and First Guaranty Financial Corporation. Mortgages originated by our group of companies may be held temporarily for investment, or may be sold to third parties/financial institutions, or may be secured, packaged, and sold as mortgage backed securities. For further information about the Company please look at our website. http://www.embcorp.net, or http://www.embcorporation.com
A number of statements referenced in this Release and the CEOcast and EquityBroadcast.com interviews, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans projections, objectives, goals, assumption of future events or performance are not statement of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this actions may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes" or statements indicating future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company does not undertake any responsibility to update the "forward-looking statements" contained in this news release.