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To: DR. MEADE who wrote (6206)	2/18/1999 1:48:00 PM
From: jccodez	Respond to of 11130

EMBU EMB Corporation Announces the Repurchase of its Preferred Convertible Shares COSTA MESA, Calif., Feb. 18 /PRNewswire/ -- James E. Shipley, President and CEO of EMB Corporation (OTC Bulletin Board: EMBU - news) announced today that an investor group arranged by the Company has reached an agreement to purchase 400,000 shares of its preferred convertible stock in the amount of $900,000. Terms of the agreement were not disclosed. Mr. Shipley said, ''This transaction completes our Convertible Preferred repurchasing and solidifies our commitment to continue moving forward.'' EMB Corporation, and it's wholly owned subsidiary, EMB Mortgage Corporation, were founded on the belief that the best way to sell a home mortgage was to reach the homebuyer first. The Company recognized that the direct route to a homebuyer is through either a real estate agent, a homebuilder's sales office, a credit union, a small bank, or through traditional mortgage funding institutions. EMB utilizes the latest technology in interactive video conferencing that is constantly being upgrade, and through e-commerce (www.embmortgage.com), which enables not only the real estate and mortgage professionals but anyone to serve as their own origination loan officer for EMB. For additional information about EMBU, contact Mr. Bruce J. Brosky at 1-888-EMB-9022. A number of statements contained in this Report are forward-looking statements which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors described in the Company's filings with the Securities and Exchange Commission, including its 1997 form 10-KSB. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties. SOURCE: EMB Corporation --------------------------------------------------------------------------------