Emerging Holdings, Inc. Completes Financing
21 7월 2004 - 7:54AM
PR Newswire (US)
Emerging Holdings, Inc. Completes Financing Working Capital Secured
RESTON, Va., July 20 /PRNewswire-FirstCall/ -- Emerging Holdings,
Inc. (Pink Sheets: EMRH) announced today that its financing has
been completed and working capital secured. With these initial
steps accomplished, Emerging Holdings, Inc. is now prepared to
begin entry into its first target market, Dubai, in the United Arab
Emirates. Furthermore, the company has identified specific
opportunities in the Internet field in Dubai that they are
currently analyzing for potential merger and takeover activity.
Specifically, Emerging Holdings, Inc. is looking into Data
Encryption, Secured Communications and Internet Securities
companies in Dubai -- the hotbed for secured communications between
the Middle East and both the West and Far East. M.A. Motazedi,
chief executive officer of Emerging Holdings, Inc., stated, "The
choice of Dubai as our first market entry was really quite simple.
The U.A.E. is the most western friendly nation in the Middle East.
Dubai U.A.E., as one of the world's three richest per capita
countries, has both the wealth and foresight to provide for strong,
lasting commercial and technological growth." He continued, "In
addition, Dubai Internet City (D.I.C.) serves as the backbone and
infrastructure for the Middle East, Central Asia and parts of
Europe. Emerging Holdings, Inc. feels that its presence will
accelerate this already robust growth." Emerging Holdings, Inc.
(http://www.emergingholdings.com/) offers investors portfolio
diversification through the identification, creation and
acquisition of forward-thinking business concerns in rapidly
emerging economies across the globe. Safe Harbor: This release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The risks and
uncertainties that may affect the operations, performance
development and results of the Company's business include but are
not limited to fluctuations in financial results, availability and
customer acceptance of our products and services, the impact of
competitive products, services and pricing, general market trends
and conditions, and other risks detailed in the Company's SEC
reports. CONTACT: Kodora Communications, Investor Relations Diane
Perry, 631-952-4600 DATASOURCE: Emerging Holdings, Inc. CONTACT:
Diane Perry of Kodora Communications, Investor Relations,
+1-631-952-4600, or , for Emerging Holdings, Inc.
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