EMTA Holdings Announces One Million Share Insider Stock Purchase Program
11 Setembro 2008 - 12:13PM
PR Newswire (US)
SCOTTSDALE, Ariz., Sept. 11 /PRNewswire-FirstCall/ -- EMTA
Holdings, Inc. (OTC:EMHD) (BULLETIN BOARD: EMHD) , an energy and
fuel conservation company and maker of XenTx(TM), Synergyn(TM) and
other engine treatment and fuel efficiency products, today
announced that the president/CEO, Edmond Lonergan and other
insiders have entered into a Rule 10b-5 Plan whereby the insiders
are permitted to purchase stock in the Company. The insider buying
is a result of management's high level of confidence in the
underlying fundamentals of the business and the belief that the
current market conditions do not accurately reflect the value of
the enterprise, The trading plan's parameters outline that
management will buy up to one million shares of stock whenever the
stock falls below $.25/share. Mr. Lonergan stated, "I and my
management team are extremely confident in the future of EMTA and
that, at these prices, we believe the stock is severely
under-valued." The president continued that, "the Company's
performance in this fiscal year has been very good and although all
of its future opportunities will not necessarily meet expectations,
the overall performance of EMTA this fiscal year will be
exceptional." As EMTA is a 33 Act Company, by SEC Rule, its
management is not required to file a Form 4 to disclose the stock
purchases and therefore the management team will provide periodic
updates regarding their purchase of EMTA stock. About EMTA Holdings
EMTA Holdings, Inc., (OTCBB: EMHD) develops and manufactures
innovative products to conserve energy, particularly for
petroleum-based fuels. The Company's engine and fuel additives are
marketed under the brands XenTx(TM), Synergyn(TM) and
CleanBoost(TM) brands, and are sold both to commercial and retail
customers. They are available from key distributors, major
automotive retailers and online at http://www.emtacorp.com/store.
For additional information on EMTA products, please visit
http://www.xentx.com/. Forward-Looking Statements: This press
release discusses certain matters that may be considered
"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, as amended, including statements
regarding the intent, belief or current expectations of EMTA Corp.
("the Company") and its management. Prospective investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve a number of risks and
uncertainties that could materially affect actual results such as,
but not limited to: the ability of the Company to raise necessary
capital; to attract and retain effective management; the lack of
viable commercial applications or the failure of third-party
contractors to perform their contractual obligations. Prospective
investors are also referred to the other risks identified from time
to time in the Company's reports and registration statement filed
with the Securities and Exchange Commission. CONTACT: Larry Downs
Director of Communications Equiti-trend Advisors 800-585-6988 Or
Paula C. Wright VP IR/PR/Media EMTA Holdings, Inc. 480-222-6222
DATASOURCE: EMTA Holdings, Inc. CONTACT: Larry Downs, Director of
Communications of Equiti-trend Advisors, 1-800-585-6988, , for EMTA
Holdings, Inc.; or Paula C. Wright, VP IR|PR|Media of EMTA
Holdings, Inc., +1-480-222-6222, Web site: http://www.emtacorp.com/
http://www.xentx.com/
Copyright