Zamage Digital Imaging, Inc. (ZMGD) Letter to Shareholders: Corporate Update
20 Settembre 2011 - 3:31PM
Marketwired
Zamage Digital Art Imaging, Inc. (PINK SHEETS: ZMGD)
(www.zamagedigitalcorp.com) and the CEO of Paraform Design Ken
Olschewske address questions raised by the company shareholders
regarding Paraform's current market position and ZMGD corporate
issues as they stand today, September 20, 2011.
Mr. Olschewske stated, "Shareholders had been contacting
Paraform and ZMGD stating their concerns regarding Paraform's
current position, the sales of the ZMGD shares and, by extension,
the possible sale of ZMGD shares by the company's M&A advisor,
IR representatives, and other service providers.
"We are utilizing this opportunity to advise our followers that
neither Paraform, nor our service providers are currently involved
in sales of ZMGD shares nor is any dilution in progress. To the
best of our knowledge none of the large share blocks that appeared
on the market originated from the company.
Moreover, Paraform Design does not require any investment
capital to run its day-to-day operations. The company is dedicated
to sustainable growth and treats ZMGD as a vehicle to this growth.
If a need for financing arises, it will be to expand the company,
not to sustain it. If such expansion funds ever become necessary,
we assure our followers that we will raise such funds modestly,
without massive dilution, or damage to our stock price and
followers.
ZMGD does not subscribe to OTC Markets financial posting
services. We expect our Q2 financial statements to be posted with
our IR's Support Site
(http://www.minamargroup.net/support/index.php) and on our
corporate web site (www.zamagedigitalcorp.com) within days. Our
followers will be pleasantly surprised see that Paraform has not
diluted, that we represent a self-sustained entity and a company
with a good and bright future and prospects.
"Regarding our subsidiary in China, ZMGD board members have had
a disagreement with the Chinese subsidiary, vis-a-vis direction of
the company. The China subsidiary saw dilution as a growth
mechanism, which was highly opposed by the ZMGD management that
stands against dilution and any such market tactics. To that end,
the Chinese subsidiary will most likely be dismissed by ZMGD
management, and all stock issued to the China subsidiary will be
returned to the treasury.
"A new suitable merger candidate as a replacement to the China
subsidiary in order to maintain ZMGD valuation is an option that we
are not ruling out. Management will seek out a company of similar
size and stature to allow for higher transparency with the
shareholders and public.
"We are looking forward to continue working with our
shareholders and we will update on all developments as they
unravel," concluded Ken Olschewske.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of Zamage
Digital Art Imaging, Inc., that constitute forward-looking
statements for purposes of the Safe Harbor Provisions under the
Private Securities Litigation Reform Act of 1995. The words or
phrases "can be," "expects," "may affect," "believed," "estimate,"
"project" and similar words and phrases are intended to identify
such forward-looking statements. Zamage Digital Art Imaging, Inc.
cautions you that any forward-looking information provided by or on
behalf of Zamage Digital Art Imaging, Inc. is not a guarantee of
future performance. None of the information in this press release
constitutes or is intended as an offer to sell securities or
investment advice of any kind. Zamage Digital Art Imaging, Inc.'s
actual results may differ materially from those anticipated in such
forward-looking statements as a result of various important
factors, some of which are beyond Zamage Digital Art Imaging,
Inc.'s control. In addition to those discussed in Zamage Digital
Art Imaging, Inc.'s press releases, public filings, and statements
by Zamage Digital Art Imaging, Inc.'s management, including, but
not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the
sufficiency of its existing capital resources, Zamage Digital Art
Imaging, Inc.'s ability to raise additional capital to fund future
operations, Zamage Digital Art Imaging, Inc.'s ability to repay its
existing indebtedness, the uncertainties involved in estimating
market opportunities, and in identifying contracts which match
Zamage Digital Art Imaging, Inc.'s capability to be awarded
contracts. All such forward-looking statements are current only as
of the date on which such statements were made. Zamage Digital Art
Imaging, Inc. does not undertake any obligation to publicly update
any forward-looking statement to reflect events or circumstances
after the date on which any such statement is made or to reflect
the occurrence of unanticipated events.
Contacts: Investor Relations 1-647-426-1640
www.minamargroup.net/helpdesk Investor Relations Department
Inquiries www.minamargroup.net For M&A and Corporate Matters
www.minamargroup.com
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