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.
Contact Information
Contact:
Investor Relations
El Maniel International, Inc.
Tel: (212) 726-2163
e-mail: ir@elmaniel.com
Twitter: @EMLL_OTC