SOURCE: EMTA Holdings, Inc.

 
 
Jan 22, 2009 14:16 ET

EMTA Holdings, Inc. Announces Estimated Quarterly Revenues of Over $18.9 Million

Record Gross Revenues, Acquisition Debt Reduced by $750,000, Are Among Several Highlights to Be Reported in Company's Upcoming 10Q-SB

SCOTTSDALE, AZ--(Marketwire - January 22, 2009) - EMTA Holdings, Inc. (OTCBB: EMHD), an energy company focused on the development of innovative fuel-based products to conserve energy, and maker of XenTx™, Synergyn™ and other engine treatment and diesel fuel efficiency products, announced today that its estimated revenues for the Company's third fiscal quarter topped $18.9 million. The substantial increase in top-end income is largely a result of EMTA Holding's successful acquisition of the consulting company Easy Staffing Solutions, Inc. ("ESSI"), which specializes in the human resources and other operational solutions for industrial-based businesses. ESSI, which has been a wholly owned subsidiary of EMTA Holdings since October 17, 2008, currently has an operating staff of 94, operates 26 offices in 10 states, and manages approximately 5,000 leased employees. ESSI's generated estimated revenues of $18,285,013 during the Company's third quarter, which ended December 31, 2008.

In addition to absorbing ESSI's quarterly revenue, EMTA Holdings was also able to pay off one loan from Sauk Valley Bank of $340,000, and it paid down another loan by $50,000. Also expected to be in the upcoming financial report is the fact that EMTA Holdings reduced past due IRS payroll taxes by $300,000, and made three payments of $22,800 on Burton Placement acquisition debt. In total, EMTA's acquisition debt of $8,900,000 was reduced by $758,400 during the quarter.

The fuel efficiency / lubrication product revenues generated by EMTA's XenTx and Synergyn product lines was $674,657 as compared to $310,102 for the same quarter last year, and the loss from operations reduced to $25,001 versus $771,642 -- an improvement of $746,641. The revolving line of credit (LOC) being provided to XenTX Lubricants Inc. by a regional bank was terminated as a result of the financial meltdown, and was eventually converted into a term loan by the Company.

Edmond Lonergan, President and CEO of EMTA Holdings, stated: "This has been one of the most challenging, yet rewarding quarters in the Company's history. Although our revenues have grown significantly, and we have reduced our debts, the Company still wrestles with some cash flow issues."

"I fully expect that the many expense reductions the Company has initiated over the past 75 days will begin to have an impact on margin in this operating quarter," continued CEO Lonergan. "Furthermore, the Company projects that by March, 2009, EMTA should be operating at a profit and be cash flow positive. This is an exciting growth period for our Company, and I want to re-assert that much of my efforts lately have been spent on increasing shareholder value so that our loyal investors can finally be rewarded for their support of the Company."

EMTA Holdings is projecting revenues for its upcoming fiscal year, which begins April 1, 2009, will likely exceed $124 Million with profits of at least $16 Million.

About EMTA Holding, Inc.:

EMTA Holdings, Inc. (OTCBB: EMHD) develops and manufactures innovative products that help conserve energy and fuel economy, particularly additive-type products for petroleum-based fuels. The Company's engine and fuel additives are sold under the XenTx™ and Synergyn™ brands, as well through private label agreements. EMTA's CleanBoost™ brands, which greatly reduce air pollution, are sold both to commercial and retail customers. EMTA Holdings recently acquired wholly owned subsidiary Easy Staffing Solutions, Inc., provides consulting services to industrial companies on human resource and operating issues. The Company's fuel additive products are available from key distributors, major automotive retailers and online at: http://www.emtacorp.com/store.

For additional information on EMTA additive products, please visit http://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. Specific forward-looking statements in the press release include, but are not limited to, all statements regarding yet audited financials for the Company's third quarter 2008, including top-end revenue statements and statements regarding the paying down of corporate debt, plus statements regarding expected revenues and profitability by EMTA Holdings for its upcoming fiscal year 2009. EMTA Holdings fully believes that statements made regarding their financials in this press release will be backed up and supported by the Company's upcoming audited 10Q-SB financial filing. 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.

Contact:

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Patrick Nelson
VP Media & Investor Relations
EMTA Holdings, Inc.
480-222-6222
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