Subject: CEO Makes Major Move to Reduce Outstanding Shares as Promised

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CEO Makes Major Move to Reduce Outstanding Shares as Promised
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Company: Michael James Enterprises Inc. (OTCQB: MJTV)


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MJTV CEO Officially Retires 8,425,000 Shares As Promised

WHIPPANY, NJ-(Marketwired - Feb 8, 2017) - Michael James Enterprises, Inc. (OTCQB: MJTV) is extremely pleased to report that as promised on December 22, 2016, CEO, James M. Farinella last week retired 8,425,000 shares. This retiring of shares had the effect of reducing the outstanding number of shares from 25,029,572 down to 16,604,572 - a 33.6% reduction.

MJTV Board of Directors and Management team is committed to keeping a very clean capital structure that is conducive to the building of shareholder value. The Company also intends to retire an additional 750,000 shares in the next 30 days as well.

MJTV CEO, James M. Farinella stated, “It is important to us to follow through on our promises. We are committed to a strong capital structure. While there is a lot of work to do, we are very excited about where we are with our VOLUPTAS product, the development of website and product line.”

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