ORLANDO, Fla., Feb. 5, 2004 (PRIMEZONE) -- EMAX NET, Inc., a Florida corporation partly owned by eMax Corporation (Pink Sheets:EMAX) announced today that it has signed a letter of intent to merge into ReDOX Technology Corp. (OTCBB:RDOX).
James Schuler, President and CEO of ReDOX Technology Corp. stated, "Shortly after we began negotiations, we realized our products and goals mesh very nicely with EMAX NET's products, resources and marketing reach all of which serves to further enhance the value of our shareholders' equity."
Matthew Weber, Chairman of eMax Corporation, and EMAX NET, said, "There's a great deal of synergy between the two companies. Incorporating ReDOX's proprietary anti-pirating software into our music, video and software game products will enable us to launch the first truly secure entertainment delivery platform in the world. Furthermore, we would anticipate completion of this merger would allow eMax Corporation to issue a second stock dividend to our shareholders. We expect to announce details relevant to that possible dividend sometime in the next few weeks."
Upon completion of the merger, the new company will retain EMAX NET's name and EMAX NET's management team will assume control of the company. The corporate headquarters will be situated in Orlando, Florida. ReDOX Technology will remain as a majority owned division of the reorganized company and will continue to maintain its operating offices in Houston, Texas and Alameda, California. Additional details will be filed on Form 8-K with the Securities and Exchange Commission within fifteen days of the closing.
About ReDOX Technology Group
ReDOX Technology Corporation was formed in 1993 to develop innovative technologies.
ReDOX Technology Group has a worldwide licensing agreement on an anti-piracy software program, developed to prevent the theft of electronic information and unauthorized copying of software. Applications for this product will be in the computer industry, the music CD industry, the DVD movie industry, video games and MP3. This technology differs from existing anti-piracy software programs in that it has the ability to detect when a copy is being made of any file, without limitation to only executable files. The technology checks graphic files, movie files, text files, etc. This software can be installed directly during the assembly of the computer by the manufacturer, or it can be installed indirectly with a CD.
About EMAX NET, Inc. and divisions eMax Music, eMax Studios, eMax Software and eMax TV:
EMAX NET, Inc. plans to launch a twenty-four hour broadcast network showcasing all family entertainment. The company intends to license broadcast programming to satellite and cable broadcast networks directly competing with the major networks. EMAX NET, Inc. owns the rights associated with emaxnet.net, recently entered an agreement to acquire sixteen television stations throughout the U.S. and plans to finalize an alliance with IDVDBOX, Inc. to market the i2DVD player. EMAX NET, Inc. expects to open a full media production and post-production facility in Florida as well as additional companies in the Internet, broadcasting, communications and wireless industries. The company also plans to license, market and/or distribute music and video offering with more than 9,500 titles from eMax Music's licensed catalog including original songs recorded and released by legendary artists such as Alabama, Jerry Lee Lewis, Little Richard, Marvin Gaye, The Platters, The Drifters, The Coasters, Billie Holiday, Lightnin' Hopkins, Jerry Butler, James Brown, Sam Cooke, Kenny Rogers, Ray Peterson, Chuck Berry, Mary Wells, Gladys Knight and many others
About eMax Corporation:
eMax Corp. is a holding company investing in multimedia and family entertainment content through two corporations and four divisions (eMax Realty Group, Inc. and EMAX NET, Inc. with divisions eMax Music, eMax Studios, eMax Software Group and eMax TV Group) and a shareholder interest in the company Freedom Entertainment International, Inc. (with subsidiary Freedom Entertainment Canada, Inc.). These eight operating areas offer technology-driven, high- quality products and services focusing on pre-recorded music, outdoor sports and special events, sales of motorcycles and motorcycle-related accessories, feature film production, television programs and the acquisition and development of real estate.
EMAX Corporate updates & developments: http://www.emaxcorp.com
Current quotes: http://www.pinksheets.com/quote/quote.jsp?symbol=EMAX
ReDOX quotes: http://www.quicken.com/investments/quotes/?p=rdox&B1=Go
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward- looking statements involve risks and uncertainties, including, without limitation, the future press releases of EMAX.