Apr 30, 2014, Press Release
IRVINE, CA--(Marketwired - Apr 30, 2014) - Broadside Enterprises, Inc. (OTC Pink: BRSE) (PINKSHEETS: BRSE) announced today that it has authorized the retiring of an additional one billion shares of common stock effective immediately. In addition, Emaji announced that its Sportsworld Entertainment Division would have three youth basketball tournaments during May 2014. Further, Emaji, including Sportsworld Entertainment and Emaji Business Development, continue to move forward with their planned acquisitions, business development and funding activities. Emaji is on course to file its 2014 first quarter report on or before May 15, 2014.
Following the retirement of the one billion shares, which will be returned to treasury, the company will have 10,161,180,087 common shares issued and outstanding. The public float, those shares being held in street name, known as "CEDE", is 1,018,220,573 shares. The total restricted shares are 6,203,361,491. The total non-restricted shares are 3,957,818,596, including those in CEDE. Other than management, who own approximately 62% of the common stock issued and outstanding, and whose stock is considered affiliate/control stock and is not available for resale, there are no other affiliates and/or control persons connected to the company. Previously, on April 4, 2014, the company authorized the retirement and return to treasury of three billion shares of its common stock. The company plans to continue taking steps such as retiring shares so that the total number of shares outstanding remains at the current levels or below.
Sportsworld Entertainment will be producing three youth basketball tournaments in Orange County, California during May 2014 in conjunction with its Big Red Basketball division. These tournaments are an integral part of the long-term strategy for Sportsworld Entertainment and its commitment to youth athletic programs. The company plans on expanding the number of these tournaments in the future in addition to the planned acquisition of other companies that produce similar types of tournaments. As part of its ongoing development activities, Sportsworld Entertainment continues to develop 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.
Information about Emaji can be found in the Company's reports and filings at http://www.OTCMarkets.com
Broadside Enterprises, Inc. (OTC Pink: BRSE) (PINKSHEETS: BRSE), "Where Imagination Comes Alive," is a publicly traded company with two initial divisions, 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; and Emaji Business Development, which is developing the rollout of its revamped online toy portal company Netoy.com.
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.
Broadside Enterprises, Inc.
Contact: Emaji Public Relations