CORRECTION FROM SOURCE: eMamba International Corp. (EMBA) Signs Business Development Agreement with Mercosur Common Market
16 Septiembre 2011 - 9:25AM
Marketwired
A correction from source is being issued with respect to the eMamba
International Corp. release that was disseminated on September 16th
at 7am ET. As part of the agreement, Mercosur has been granted 45
million "restricted common shares" of eMamba stock, which is
equivalent to 25 percent of eMamba International Corp. The correct
version follows:
eMamba International Corp. (PINK SHEETS: EMBA), an emerging
provider of cloud-based business management software and
after-sales customer care services, announced today it has signed a
three-year business development agreement with the Mercosur common
market.
Mercosur is a South American economic trade zone made up of four
full-member states, Argentina, Brazil, Paraguay and Uruguay, with a
combined population estimated at more than 242,000,000. Bolivia,
Chile, Colombia, Ecuador and Peru are currently associate member
states in Mercosur.
During the term of the agreement, Mercosur's Chamber of Industry
and Commerce will aide Mamba in developing its business and
generating sales in Mercosur member countries. The agreement states
that the Mercosur CIC will provide eMamba with advisory and
consulting services across a range of specialty business functions,
including management, marketing and public relations. Mercosur's
services will include introducing eMamba to potential joint-venture
partners that have an interest in implementing eMamba's
comprehensive business services and solutions in the public and
private sectors.
As part of the agreement, Mercosur has been granted 45 million
restricted common shares of eMamba stock, which is equivalent to 25
percent of eMamba International Corp.
Additionally, the company welcomes Felix J. Mostelac, Director
of the Mercosur USA Chamber of Industry and Commerce, has been
appointed to the eMamba advisory board. Mr. Mostelac has extensive
experience managing high-tech businesses and orchestrating
technology, research and financial growth. In his role with the
Mercosur USA Chamber of Industry and Commerce, Mr. Mostelac works
directly with leaders in government and the private sector in
numerous countries around the world. Previously, Felix was the
President and CEO of Quality Business Enterprises Oil (Qubeoil) and
President of Treasures of the Sea International. He has a
Bachelor's Degree in International Business Management and has
studied Industrial Engineering at the University of Engineering
Science in Havana, Cuba.
"We're very excited to be bringing our next-generation
customer-care solution to the Mercosur common market," said
eMamba's President and CEO Glen Huang. "This is a significant step
forward for eMamba in the rollout of our business strategy, and we
anticipate that we'll have many more developments to share with our
shareholders in the near future."
About Mercosur
In 1991, Argentina, Brazil, Paraguay and Uruguay signed the
Treaty of Asuncion to create the Southern Common Market (Mercosur),
which would establish a customs union and common market by the end
of 1995. The goal was to create a combined market of sufficient
size to enable businesses to exploit economies of scale in sectors
such as agribusiness, electronics, aircraft and parts,
chemicals/petrochemicals, IT, telecommunications, auto parts and
financial services. The Mercosur Chamber of Industry and Commerce
supports business growth across the trade zone by educating
international companies on local business requirements, helping
them make contacts and assisting in the execution of their business
strategies.
About eMamba
eMamba International Corp. is a new kind of company that
provides an integrated offering of cloud-based business management
software and after-sales customer care services. Our suite of cloud
applications encompasses the full spectrum of enterprise resource
planning (ERP) and customer relationship management (CRM)
functions. This software supports a complete lineup of after-sales
customer services, including call center operations, warranty
fulfillment, part sourcing, product repairs and warehouse services.
No other company offers such a robust and comprehensive
customer-care solution. For more information, visit
www.emamba.com.
Forward-looking statements
This news release contains forward-looking statements, for
eMamba International Corp. (the "Company"). Forward-looking
statements contained in this news release are not promises or
guarantees of future performance and are subject to risks and
uncertainties that could cause the Company's actual results to
differ materially from those anticipated. The Company cautions you
not to place undue reliance upon any such forward-looking
statements, which speak only as of the date made. The risks and
uncertainties that may affect forward-looking statements include,
but are not limited to: (i) rapid changes in the customer support
marketplace, (ii) cost and market acceptance of the Company's new
and existing services, (iii) the level of individual customer
commitments, (iv) competitive service offerings and pricing, and
general economic circumstances. Forward-looking statements are
based on management's beliefs and opinions at the time the
statements are made, and the Company does not undertake any
obligation to update forward-looking statements should
circumstances or management's beliefs or opinions change.
Contacts: eMamba International Corp. Investor Relations
1.877.285.4503 contact@vanguardir.com www.emamba.com
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