Nov 05, 2013, Press Release
IRVINE, CA, Nov. 5, 2013
---Emaji Business Development and Sportsworld Entertainment brands expected to spur growth in 2014---
IRVINE, CA, Nov. 5, 2013 /PRNewswire/ - Broadside Enterprises, Inc. (OTC: BRSE) announced today that Emaji Business Development and Sportsworld Entertainment will be the focus of the company's development efforts in 2014. Emaji has been developing these divisions, which it expects will spur significant growth in 2014, with the goal of acquiring and developing strategically related businesses that have a common thread, providing enjoyment and entertainment to an increasingly diversified demographic.
To achieve its goals in fiscal year 2014, Emaji plans to raise an initial $5,000,000 in equity, which it has already received firm commitments. As part of this process, Emaji recently increased its authorization and issued an affiliate restricted control block of 10,200,000,000 shares to its Chairman in order to reduce its debt and to insure that Emaji's goals are implemented as its stockholder base continues to expand, and as additional management and other critical employees join the company. The stock is restricted and tied up indefinitely by the company as founder shares.
The Company plans on launching Sportsworld Entertainment ("Sportsworld"), which is developing its participatory collegiate and professional sports camps through Flashback Camps International ("FCI"), a financial and marketing support program for a wide variety of athletic enterprises, including youth athletic programs, and its Professional Sports Acquisition Group ("PSAG"), which is currently exploring acquisition opportunities in professional sports, is expected to generate revenue on a long term basis when compared to the company's EBD division, at least initially. Sportsworld is currently looking to acquire an NBA Development League team through PSAG, and plans to develop and produce a reality competition syndicated series as part of its FCI participatory camps.
Emaji Business Development ("EBD") is developing the rollout of the company's revamped online toy portal Netoy.com,® an on-line toy web portal that will include its on-line retail store, while incorporating several new features, including industry related developments, news and interactive feedback between consumers and toy manufacturers. EBD will be assembling a team of collegiate students to complete the development, design, launch and marketing of the new Netoy.com.® Emaji expects solid income to develop in the short term as the site is rolled out, with the majority of initial sales to be generated from ad and manufacturer based revenue.
Emaji plans to release its specific revenue targets prior to end of the fourth quarter. For additional information on Broadside Enterprises, Inc., please go to www.emaji.com or http://www.otcmarkets.com.
Broadside Enterprises, Inc. (OTC: BRSE), "Where Imagination Comes Alive," is a publicly traded company with two initial divisions, Emaji Business Development, which is developing the rollout of its revamped online toy portal Netoy.com®; and Sportsworld Entertainment, which is developing its participatory collegiate and professional sports camps through Flashback Camps International, a financial and marketing support program for a wide variety of athletic enterprises, including youth athletic programs, and its Professional Sports Acquisition Group, which is currently exploring acquisition opportunities in professional sports.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's reports and filings at http://www.OTCMarkets.com.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
SOURCE Broadside Enterprises, Inc.