El Maniel International Inc. Announces Plans to Retire up to 20% of Outstanding Shares of Insider
May 12 2014 - 6:10AM
Marketwired
El Maniel International Inc. Announces Plans to Retire up to 20% of
Outstanding Shares of Insider
NEW YORK, NY--(Marketwired
- May 12, 2014) - El Maniel International, Inc. (PINKSHEETS: EMLL) is pleased to announce that
the Company's insider plans to retire up to two billion shares of
its common stock within a 12 months period so as to facilitate
merger and acquisition transactions and make our stock more
appealing to prospective acquisition targets.
"Following the return of up to two billion common shares back to
treasury, the remaining shares held by insider will be subject to
renewals of lock-up agreements for a further term of 24 months"
states Jamie Khoo, CEO and President of El Maniel International,
Inc. "The return of up to 20% of our outstanding shares held by
management to treasury shows our commitment to our shareholders as
well as our dedication in creating real value in our Company stock
via new merger and acquisition transactions."
"We strongly believe that this capital restructuring exercise
will make EMLL stocks much more appealing to prospective
acquisition targets and at this time, we are in preliminary
discussions on an exciting business that would greatly enhance our
business expansion plans as we expect to make a major announcement
in the near future." according to Jamie Khoo.
About El Maniel International, Inc.:
El Maniel International, Inc. is a publicly traded company
holding assets in the gold business domain and the company is
committed in creating shareholder's value by developing and
expanding into current and new ventures in the international
business domain with an immediate focus in the medical marijuana
sector and crowdlending domain. For further information and
updates, visit www.elmaniel.com or follow us on Twitter
at http://twitter.com/EMLL_OTC
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The statements contained in this release which
are not historical facts are forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. These risk and uncertainties include
the Company's entry into new commercial businesses, the risk of
obtaining financing, recruiting and retaining qualified personnel,
and other risks described in the Company's Securities and Exchange
Commission filings. The forward-looking statements in this press
release speak only as of the date hereof, and the Company disclaims
any obligation to provide updates, revisions or amendments to any
forward-looking statement to reflect changes in the Company's
expectations or future events.
Investor RelationsEl Maniel International, Inc.Tel: (212)
726-2163e-mail: ir@elmaniel.comTwitter: @EMLL_OTC
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