Emax Financial & Real Estate Advisory Services, LLC

Emax was awarded a 5 year,  IDIQ contract by the U.S. Air Force to provide a full range of Real Estate Advisory and Assistance Services (A&AS) in support of the Air Force Real Property Agency (AFRPA) Value Based Transactions (VBT)/Enhanced Use Lease (EUL) Program and the Air Force Center for Engineering and the Environment (AFCEE). Through the RESS contract, Emax will provide the USAF with innovative means to create lucrative and lasting real estate developments of the underutilized real estate assets at various Air Force installations.  Emax will support the USAF look at a range of options, including housing privatization opportunities by leveraging private industry through value-based transactions, e.g., enhanced use lease, military housing privatization initiatives.

President Obama signed legislation raising the debt limit into law on August 2, 2011. This legislation was approved by the House of Representatives with a vote of 269 to 161 and by the Senate with a vote of 74 to 26.  Collective relief was felt domestically and internationally that the U.S. avoided default.  However, the agreement does not reduce the budget deficit enough to allay the concerns of the rating agencies or other countries. Moody’s Investors Service and Fitch Ratings confirmed the U.S. AAA rating after the passage of the debt deal.  Standard & Poor’s has indicated the U.S. rating is still under consideration. BlackRock believes that the possibility of a U.S. ratings downgrade has decreased substantially, but indicated that the effects of a downgrade would be felt throughout the markets according to a report from Channel NewsAsia on August 3, 2011. The head of China’s Central Bank “welcomed the

Agreement to Lift the Debt Ceiling and Reduce the Deficit Reached A debt deal has been agreed to by the leaders of both houses of Congress and the President.  This agreement will eliminate the possibility of a default by the United States on its obligations and reduce the deficit in two stages. According to a White House press release the agreement contains the following provisions: Implements 10 year discretionary spending caps that generate nearly $1 trillion in deficit reduction balanced between “defense” and “non-defense” spending; Increases the debt limit by at least $2.1 trillion and eliminates the need for an increase until 2013; Creates a bipartisan committee process to identify an additional $1.5 trillion in deficit reduction that will include entitlement and tax reform, and requires a Congressional vote on the recommendations by December 23, 2011; Has an enforcement mechanism that will trigger spending reductions that are evenly split between