Featured White Papers
- Aug. 28th: Delivering Online Presentations That Result in Higher Sales (Citrix Online)
- Enterprise PBX buyer's guide (VoIP-News)
- Enterprise PBX comparison guide (VoIP-News)
EMTA Holdings, Inc. Holds Informative Live Conference Call With Shareholders and Investors
Market Wire, June, 2008
EMTA Holdings, Inc., (OTCBB: EMHD), maker of XenTx(TM), Synergyn(TM) and other engine treatment and fuel efficiency products, held a live, open conference call last Friday, June 20, with shareholders, investors and other interested parties to discuss the Company's current and future business opportunities, its financial position, and to answer all participant questions that were presented.
The highlights of the call's numerous points of information are:
-- With respect to the Company's contract in Nigeria, the anticipated
guarantee from Ex-Im Bank will provide EMTA Holdings with normal trade
terms. This will allow the Company to borrow from U.S. Banks against
such guarantees, with the full faith and credit of the U.S. government
-- Senior corporate executives from EMTA Holdings, Inc. will visit
Nigeria in late July or early August to meet with government officials
regarding the use of the Company's CB-LE additive in that country's
diesel fuel to reduce pollution and increase fuel efficiency.
-- The Company's existing contract with its largest private label
customer is expanding rapidly.
-- The Synergyn product line continues to expand its client base.
-- The Clean Boost - Low Emissions (CB-LE) product received unconditional
approval from the Texas Commission on Environmental Quality. This has
allowed the Company to enter into negotiations for a licensing
agreement with a major chemicals company. Under this proposed
licensing agreement, this yet-named company will produce and sell
CB-LE to refineries and diesel distributors throughout Texas. This
arrangement will provide EMTA Holdings with an approximate 90% gross
profit.
-- There is yet another independent test currently on-going by a local
trucking company, and to date they have produced a 10% fuel efficiency
using a combination of XenTx products. These results are consistent
with other independent testing results the Company has reported in
previous press releases.
-- The Company will continue to raise capital through the equity process,
and it has started the next round of equity participation to meet its
growing demand for inventory production and increasing accounts
receivable. With losses through the year ended March 31, 2008, funding
through traditional banking sources continues to be limited. Increased
earnings and equity build up would allow us to seek these more
traditional sources of financing.
-- In answer to the question regarding whether "insiders" have been
selling shares, Ed Lonergan assured participants that there were no
trades by officers or directors in the last year. The insider trades
reported occurred more than a year ago when Mr. Lonergan sold some
shares and put the proceeds into the Company for operations. As a
reminder, every time an insider sells or acquires shares in his or
her company a Form 4 must be filed with the SEC. These and other
required filings are visible to investors via the EDGAR database
system.
-- Total Shares currently outstanding are 60,317,391, with an estimated
20,594,885 in the float.
-- On the financial side:
The first quarter ending June 30, 2008 revenue is expected to be
less than originally projected, now likely in the range of
$1.8 million - $2.1 million. The Company attributes this to
inventory funding requirements and delivery of raw materials
backlog.
Projections for EMTA's fiscal year ending March 31, 2009 indicate
a revenue climb from $2.8 million to $32 million, up from the
previous estimate of $22 million. This will provide a net profit
ratio of 22%, or $6.6 million equaling about $0.10 per share. If
traditional industry valuations and multiples are used, this would
put the stock at $1.50 by that date.
About EMTA Holdings
EMTA Holdings, Inc., develops and manufactures innovative products to conserve energy, particularly for petroleum-based fuels. The Company's engine and fuel additives are marketed under the brands XenTx(TM), Synergyn(TM), and CleanBoost(TM) brands, and are sold both to commercial and retail customers. They are available from key distributors, major automotive retailers and online at http://www.emtacorp.com/store . For additional information on EMTA products, please visit www.xentx.com .
Forward-Looking Statements: This press release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of EMTA Corp. ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; the lack of viable commercial applications or the failure of third-party contractors to perform their contractual obligations. Prospective investors are also referred to the other risks identified from time to time in the Company's reports and registration statement filed with the Securities and Exchange Commission.