eMax Worldwide, Inc. (EMXC) today announced the execution of loan documents in the amount of $50,000,000.00 ( Fifty Million Dollars ) with Inter Global Investments, LLC.
Company plans to use theses fundings for planned expansion and acquisitions. Below is the quote from Roxanna Weber, Chairman of eMax Worldwide:
“We are extremely excited to report to our shareholders, that today marks the next expansion phase of eMax Worldwide . eMax Worldwide has signed loan documents for 50 million dollars in funding for our expansion and acquisition targets. This single event facilitates completing the buyback and also positions our company to buy and invest in immediate revenue producing companies. Part of the funding will be used to expand the operations of our partly owned company, eMax Media Group, (MPIX). The growth we have achieved to this point has been exceptional; however, it pales in comparison to the next steps of our business plan objectives. Our company value and potential revenues will grow exponentially going forward. The team has been assembled and is in position to execute our strategies and direction. Many of the items that have been discussed during past interviews are about to become a reality. This is an extremely exciting and busy time for our company, and we look forward to providing details of negotiations, contracts, acquisitions, and agreements as they come to fruition.”
Just curious – how company plans to pay interest on these loans?
eMax Worldwide, Inc., is a diversified holding company acquiring and growing family and morally valued multimedia, entertainment, communication, broadcasting, high-end technologies, real estate , energy, international trade, commodities and finance industries through two corporations, New Unified Corp., http://www.newunified.comand eMax Media Inc., www.emaxmediagroup.com