eMamba International Corp. (EMBA) Provides Update on First Statement of Work (SOW) Negotiations with Acer Inc.

Discussions Cover Desktops, Laptops, Projectors and Monitors for the Acer, Gateway and eMachines Brands


SANTA FE SPRINGS, CALIFORNIA -- (Marketwire) -- 10/21/11 -- eMamba International Corp. (PINK SHEETS:EMBA), an emerging provider of cloud-based business software and after-sales customer services, announced today an update on eMamba's negotiations with Acer Inc. regarding its first Statement of Work (SOW).

As reported on October 17, 2011, eMamba announced it has signed a Master Services Agreement with Acer. eMamba and Acer are currently involved in international business negotiations, which are expected to be finalized by no later than November 21, 2011.

The SOW discussions cover desktops, laptops, projectors and monitors for the Acer, Gateway and eMachines Brands.

About Acer

Since its founding in 1976, Acer has achieved the goal of breaking the barriers between people and technology. Globally, Acer ranks No. 2 for total PCs and notebooks. A profitable and sustainable Channel Business Model is instrumental to the company's continuing growth, while its multi-brand approach effectively integrates Acer, Gateway, Packard Bell, and eMachines brands in worldwide markets. Acer strives to design environmentally friendly products and establish a green supply chain through collaboration with suppliers. Acer is proud to be a Worldwide Partner of the Olympic Movement, including the Vancouver 2010 Olympic Winter Games and London 2012 Olympic Games. The Acer Group employs 8,000 people worldwide. Revenues for 2010 reached US$19.9 billion. See www.acer-group.com for more information.

About eMamba

eMamba International Corp. is a new kind of company that provides an integrated offering of after-sales customer services and cloud-based business software. Our comprehensive after-sales services solution includes third-party logistics, e-commerce, a customer returns management policy and process, "ISO certified" warranty and repair components, a B2B and B2C searchable parts database, and warehouse management. These services are supported by a full suite of cloud-based enterprise resource planning (ERP) and customer relationship management (CRM) applications. Together, our services and software deliver unmatched levels of business continuity and customer satisfaction. No other after-sales services provider offers such a robust and comprehensive customer-care solution. For more information, visit www.eMamba.com.

Forward-looking statements

This news release contains forward-looking statements, for eMamba International Corp. (the "Company"), which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions about the future. Forward-looking statements contained in this news release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results to differ materially from those anticipated. No assurances can be given that any of the events anticipated by the forward looking statements will occur or, if they do occur, what benefit the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The risks and uncertainties that may affect forward-looking statements include, but are not limited to: (i) rapid changes in the customer support marketplace, (ii) cost and market acceptance of the Company's new and existing services, (iii) the level of individual customer commitments, (iv) competitive service offerings and pricing, and general economic circumstances. Forward-looking statements are based on management's beliefs and opinions at the time the statements are made and, except as required by law, the Company does not undertake any obligation to update forward-looking statements should circumstances or management's beliefs or opinions change or to update the reasons why the actual results differed from those projected in the forward-looking statements. We seek safe harbour.

Contacts:
eMamba International Corp.
Investor Relations
1.800.540.6506
contact@vanguardir.com
www.emamba.com