---RECENT FUNDING COMMITMENTS TO EXPEDITE ROLL-OUT---
IRVINE, CA, Nov. 14, 2013 /CNW/ - Emaji, Inc. (OTC: EMJI) announced today that development on Emaji Business Development's Netoy.com® will be accelerated due to the recent funding commitments Emaji has received. Emaji Business Development ("EBD") is developing the rollout of the company's revamped online toy portal Netoy.com,® an on-line toy web portal that will include its on-line retail store, while incorporating several new features, including industry related developments, news and interactive feedback between consumers and toy manufacturers. EBD will be assembling a team of collegiate students to complete the development, design, launch and marketing of the new Netoy.com.® Emaji expects solid income to develop in the short term as the site is rolled out, with the majority of initial sales to be generated from ad and manufacturer based revenue.
The recent financing agreements, which were previously announced, call for funding to commence during the fourth quarter and to continue throughout fiscal year 2014. In addition to funding for EBD and Netoy.com,® the use of proceeds includes funding for Emaji's planned acquisition of an NBA Development League team through its Sportsworld's Professional Sports Acquisition Group, funding to develop and produce a reality competition syndicated series as part of the Flashback Camps International participatory camps, and operating capital which will be utilized to retain additional management and staff. This funding will also enable Emaji to file its planned initial registration statement in order to become fully reporting and provide the financial foundation so that Emaji will no longer be considered a development stage company.
Emaji, Inc. (OTC: EMJI), "Where Imagination Comes Alive," is a publicly traded development stage company with two initial divisions, Emaji Business Development, which is developing the rollout of its revamped online toy portal Netoy.com®; and Sportsworld Entertainment, which is developing its participatory collegiate and professional sports camps through Flashback Camps International, a financial and marketing support program for a wide variety of athletic enterprises, including youth athletic programs, and its Professional Sports Acquisition Group, which is currently exploring acquisition opportunities in professional sports.
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.
SOURCE: Emaji, Inc.
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