VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 08/15/13 — eMedia Networks International Corp. (“Company”)(TSX VENTURE: EMM), announced today that the Board of Directors has formed a Special Committee to review all strategic alternatives available to the Company.
Due to the lack of liquidity of the common shares and the inability of the Company to raise significant capital, the Board of Directors are exploring strategic alternatives which could include, among others, possible joint ventures, strategic partnerships or alliances, a sale of the Company, privatization of the Company or other possible transactions.
Management and the Board of Directors are committed to acting in the best interests of the Company and its shareholders and believe the strategic review is in the best interest of the Company and its shareholders.
No decision has been made to enter into a transaction at this time and there can be no assurance that the Company will enter into a transaction in the future. The Company does not plan to disclose or comment on developments regarding the strategic review until further disclosure is deemed appropriate.
About eMedia Networks
eMedia provides custom music programming for in-store retail brands and other consumer environments. Since 1991, eMedia has provided an end-to-end audio solution for retailers that require custom selected music to play in their stores. Through its low-cost emPlayer audio product, eMedia serves over 5,000 subscribers in North America. emPlayer is a proprietary audio player capable of playing CD-quality music and custom audio content from playlists controlled on-site or remotely through the Internet. The Company trades on the TSX Venture Exchange under the symbol EMM. For more information, visit
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Media and Investors, Darren Reiter, CEO
+1 (604) 742-3344
President and Founder, Jasvir Athwal, CFO
+1 (604) 742-3344
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