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SMAS(.0003) to Open Doors to Expanded NYC Location in 2007
Wednesday, June 27 2007 4:59 PM, EST Market Wire "US Press Releases " NORTHAMPTON, MA -- (MARKETWIRE) -- 06/27/07 -- Somatic Systems, Inc. (PINKSHEETS: SMAS) is pleased to announce that they will open their doors to their expanded NYC location in the fall of 2007. The planning and design phase of the construction of the 3500 sq. ft. location is complete and will soon expand Somatics Systems' presence in the thriving Manhattan neighborhood of Tribeca. The company is excited about the upgraded space because of its proximity to the city's arts, theater, restaurant and financial districts. The space will house a large open area for public exercise classes, each partitioned with glass walls, a newly renovated treatment room and a locker room complete with shower. The sessions in NYC will be very profitable and the expansion will allow for 4 simultaneous full-time practitioners, each scheduling up to 20 sessions weekly. The company plans to increase staff at the NY location, begin a steady schedule of exercise classes and increase sales of private sessions and products. The 3500 square foot facility provides for a combination of session rooms and movement classrooms. In the future, there is capacity to increase the space to 5000 square feet while keeping the existing footprint. The future expansion of the business in NYC will be realized using a larger classroom space and four or five new treatment rooms, enabling 8 or 10 or more additional full-time practitioners. In addition, Somatics Systems has begun the application process to become licensed with the New York State Department of Education , with plans to begin the Clinical Somatic Education Professional Training Program there in fall 2008. "Running the Professional Training Program in New York City will be exciting and will continue our nationwide expansion," said CEO, Steven Aronstein. "The renovation of the Tribeca location will allow us to promote awareness of the brand in a large metropolitan city, increase traffic to the clinic and support Somatic Systems products and services. We are planning for this location to add significantly to our revenue stream over the next few years." About Somatic Systems, Inc. Somatic Systems serves as the worldwide center for Clinical Somatics™ and Clinical Somatic Education™, the groundbreaking pain-management method and fitness system of Thomas Hanna. We are home to some of the only fully trained, certified Clinical Somatics™ practitioners in the Northeast, and operate the largest clinical centers worldwide. Somatics trains and certifies clinical practitioners on how to reeducate and recalibrate overused or injured muscles through a simple series of training sessions and prescribed at-home movements that lengthen muscles back to their natural, relaxed state. We are very proud to be able to provide access to this revolutionary (and all too scarce) form of truly holistic healthcare. The Somatic Systems Institute operates a team of web sites offering an online office suite of Somatics information, resources, opportunities, and tools. The front door to all of our web sites is found at www.somatics.org. Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. Contact:
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TLBT(.038) Announces Reverse Split to Increase Institutional Visibility and Ownership
Wednesday, June 27 2007 4:00 PM, EST Business Wire "US Press Releases " SPARKS, Nev.--(BUSINESS WIRE)-- Tech Laboratories, Inc. (OTCBB:TLBT), a biofuels company supplying the nation's growing need for energy independence, announced today that as a result of the recent acquisition of Renewal Fuels and an agreement to acquire Biodiesel Solutions, the Company is implementing an immediate program to seek increased institutional ownership. The multi-faceted program includes a reverse split of Tech Laboratories' common stock, which is expected to begin trading within 35 days on a 1-for-15 share post-reverse split basis. As a result, every fifteen shares of TLBT common stock will be automatically converted into one share of TLBT common stock. In connection with the reverse split, TLBT common stock will trade under a new Cusip number. Upon completion of the previously announced acquisition of Biodiesel Solutions, Inc. and the recent conversion of our Series A Preferred Stock, TLBT will have 407,076,887 shares of common stock outstanding. Upon completion of the reverse stock split, assuming no other issuance of TLBT common stock, there will be a total of 27,138,459 shares of TLBT common stock outstanding. "It should be clear to anyone that has studied our remarkable young company and the significant growth we have undergone, it is important for management to prepare the company for potential institutional investors," said John King, Chief Executive Officer of Tech Laboratories . "We believe that this reverse split is consistent with that mission and that ultimately it will serve to continue building shareholder value for our current investors." Tech Laboratories is seeking to roll up green technologies focused on generating biofuel from feed-stocks that do not negatively impact the nation's food supply, according to the new Investor Fact Sheet. Specific technologies currently being investigated allow production of biofuels from non-food sources including waste vegetable oil, feedstock that can be grown on set-aside land, inedible oils (such as jatropha and algae), wood waste, municipal solid waste and coal fines. Tech Laboratories recently acquired Renewal Fuels, producer of a portable biodiesel processor, the FuelMeister, which empowers consumers with the ability to produce their own fuel from waste material. The FuelMeister can produce 80 gallons of biodiesel per day from waste vegetable oil collected from restaurant deep fat fryers at an average cost of $0.85 per gallon. About Tech Laboratories Tech Laboratories is an emerging greentech company closing the loop between modern consumerism and America's insatiable demand for energy. The Company is establishing its position to provide sustainable solutions to the world's $5 trillion addiction to oil consumption. A key component of Tech Laboratories' high-growth business model is the augmentation of core operations and assets through strategic partnerships and opportunistic acquisitions in the burgeoning biofuels industry. The Company's management team and Board of Directors believes that increasing political and social responsiveness, combined with exciting developments in biofuel technology, has created an unprecedented environment for organic growth as well as growth through acquisitions. The management of Tech Laboratories is establishing relationships with various biofuel entities with projects, products, and technologies at various stages of development. Each of these companies is in a business that meets Tech Labs' corporate mission. Tech Laboratories' management is actively negotiating strategic relationships as a means to continue building shareholder value. To learn more visit www.tech-laboratories.com and www.renewalfuels.com. For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/tech.
Forward-Looking Statements This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission . By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. Source: Tech Laboratories, Inc.
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UDTT(.0018) Receives Order From Foot Locker, Inc. for Bioterrorism Detection Kits Wednesday, June 27 2007 4:01 PM, EST Market Wire "US Press Releases " LOS ANGELES, CA -- (MARKETWIRE) -- 06/27/07 -- Universal Detection Technology (www.udetection.com) (OTCBB: UDTT), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, announced today that is has received a purchase order for its bioterrorism detection kits from Foot Locker, Inc. to be deployed at a Foot Locker warehouse. The purchase order from Foot Locker is a major milestone for the company and it's a result of UDTT's new efforts to market its security solutions to civilian and corporate users. UDTT's counter terrorism and security solutions, including Company's flagship real-time anthrax detector (BSM-2000), have applications for government agencies, defense contractors, security companies, postal facilities, warehouses, and the like. "We are extremely pleased to have received this order. We have been increasing our marketing efforts to expand our reach beyond government and defense users of our solutions to civilian and corporate customers and the purchase order from Foot Locker is an indication of the demand among corporations and non-defense related businesses for our technologies and solutions," said Jacques Tizabi, UDTT's Chairman and CEO. A recent video featuring the company can be viewed by clicking here or going to: http://www.udetection.com/pressroom-video-NBC1006.htm . For more information please visit www.udetection.com or Email us at info*udetection.com. About Foot Locker, Inc. Foot Locker is a leading retailer of athletic footwear and apparel. Headquartered in New York City , it operated more than 400 stores in 20 countries in North America , Europe , and Australia under the brand names Foot Locker, Footaction, Lady Foot Locker, Kids Foot Locker, and Champs Sports. About Universal Detection Technology Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA, has developed a bioterror 'smoke' detector that detects certain biohazard substances. For more information, please visit http://www.udetection.com. Forward-Looking Statements Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations. Contact: Jacques Tizabi 310-248-3655 Email Contact
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DRGV(.036) Subsidiary in Contract to Supply Networking Software and Printing Hardware With a Premier Chinese Insurance Company Wednesday, June 27 2007 4:05 PM, EST Market Wire "US Press Releases " SHANGHAI, CHINA -- (MARKETWIRE) -- 06/27/07 -- Dragon Capital Group Corp (PINKSHEETS: DRGV), a leading holding company of emerging technology companies in China , today announced its subsidiary, Shanghai Zhaoli Technology Development Company, Limited ("Shanghai Zhaoli"), has entered a contract with Tianan Insurance Company, Limited , China's fifth largest nonlife insurers. The initial contract, to provide Tianan Insurance Company with printing hardware and network software, is valued at approximately $650,000 . Shanghai Zhaoli is an information technology enterprise providing innovative technology solutions to enhance the business productivity of its customers. Zhaoli's customers include financial institutions, telecommunication companies, hospitals, supermarkets, airports, railway stations, and various government agencies. Zhaoli is an authorized general agent and distributor for a wide array of manufacturers, including Epson, Cannon, Hewlett-Packard, Ricoh, Brother, Star and Samsung. Zhaoli has an extensive sales channel with headquarters in Shanghai as well as nine additional branch locations. Zhaoli is also qualified as a technical service center for Epson, Canon, Hewlett-Packard and OKI products and provides equipment repair services for its customers. Zhaoli has also developed an ERS software system for enterprises to manage accounting, distribution, inventory and sales. For more information about Shanghai Zhaoli, please visit http://www.chorry.com.cn/ About Dragon Capital Group Corp Dragon Capital Group Corp (PINKSHEETS: DRGV) is doing business in China through its subsidiaries. Dragon was established to serve as a conduit between Chinese high-growth companies and Western investors. DRGV functions as an incubator of high-tech companies in China , offering support in the critical functions of general business consulting, formation of joint ventures, access to capital, merger & acquisition, business valuation, and revenue growth strategies. DRGV has developed a portfolio of high-tech companies operating in China . For more information about DRGV, please visit http://www.dragoncapital.us Safe Harbor Statement Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the word expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. Contact:
Dragon Capital Group Telephone: 1-877- China -57 Email: info*dragoncapital.us
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TRDY(.0035) Announces the Appointment of Directors and Promotion of Management Wednesday, June 27 2007 5:35 PM, EST Market Wire "US Press Releases " NORWALK, CT -- (MARKETWIRE) -- 06/27/07 -- Trudy Corporation (OTCBB: TRDY) announced today the elections of Messrs. H. Kim Bangash and William Sondheim to its Board of Directors. Both new Directors bring a wealth of media, financial and business expertise to the Company. Mr. Bangash is the founder and chief executive officer of Redrum Entertainment in partnership with Hollywood mega-producer Joel Silver and his Dark Castle production company. Redrum is a convergent media company dedicated to the content categories of thriller and suspense. Prior to this, Mr. Bangash was a principal at Orchid Ventures, a private consulting firm and venture fund for entertainment and media companies. Orchid focuses on early stage media companies and entertainment projects including independent films. Orchid financed over a dozen independent films including the Academy Award winning "Sling Blade" and Academy Award nominated "You Can Count on Me." Mr. Bangash is a graduate of Dartmouth College and holds an MBA from the Graduate School of Business at Columbia University . Mr. William Sondheim is currently president of the retail and direct response division of Gaiam, a lifestyle-media company catering to people who value personal development, ecological living, natural health and inspirational entertainment. Prior to this Mr. Sondheim was executive vice president at DualDisc Worldwide, a division of Sony BMG Music Entertainment . Mr. Sondheim has extensive work experience in the music and entertainment field with positions in Goodtimes Entertainment , Polygram Video USA , Orion Home Video and Columbia Pictures Home Video. Mr. Sondheim is also currently the chairperson for the music industry trade association working group whose members include the RIAA, NARM, CES and Universal Music Group . Mr. Sondheim is a graduate of Kenyon College . Regarding the elections, CEO Ashley C. Andersen Zantop commented, "I am delighted at the addition to the board of directors of two such talented individuals. Their experience and expertise will provide an important and timely diversification to the board as the company shapes its strategy in today's new media-rich environment." The Company also announces that Mr. Fell C. Herdeg, currently Vice President, Finance, will be promoted to Chief Financial Officer and Vice President, effective August 1, 2007 . Mr. Herdeg joined the Company in 2001. He was promoted to the position of Director of Finance in September of 2002 and again promoted to Vice President, Finance in 2005. Mr. Herdeg is a graduate of Trinity College and received an MBA from the Graduate School of Business Administration at Fordham University . Trudy Corporation was founded in 1947 as a privately owned designer of plush toys and became a public company in 1987. Trudy currently holds licenses from the Smithsonian Institution, the African Wildlife Foundation and the American Veterinary Medical Association , among others, for children's books, audio books and plush toys. It has active distribution into the toy and book trade, the warehouse clubs, mass market retailers as well as schools and libraries. Also in its distribution portfolio is a mail order catalog and e-commerce business to the education community and at-home consumers. Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These forward-looking statements speak only to the date hereof; Trudy Corporation disclaims any intent or obligation to update these forward-looking statements. Contact: Fell Herdeg Telephone: 203-846-2274 Facsimile: 203-846-1776 Email Contact
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DCBI(.09) The Buzz Is in the Air Wednesday, June 27 2007 5:18 PM, EST Market Wire "US Press Releases " DENVER, CO -- (MARKETWIRE) -- 06/27/07 -- Calling all DC Brands shareholders -- The Buzz is in the air. DC Brands International (PINKSHEETS: DCBI) wants to remind its valued shareholders that the latest edition of the company newsletter, now called "The Buzz," is making its way across the country and into each shareholder's mailbox. Look out for 22 jam-packed pages of updates and photos. A formal invitation to the shareholder event is included as well. The event is taking place July 28, 2007 at The Palms with a limited number of rooms available at The MGM Grand on a first come, first serve basis. To book a room at the MGM Grand, call (800) 646-7787 and use either the group name "DC Brands Shareholder Event" or group code "DCI003." Due to MGM Grand's policy, DC Brands' room block is only held through July 9 , so be sure to book as soon as possible to secure your space. To RSVP for the shareholder meeting, send an email to vegasparty*dc-brands.com. Please note the deadline for RSVPs is July 12 . For more information on DC Brands International , visit their website at www.TurnLeftEnergy.com and DickensEnergyCider.com. Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by DC Brands International with the Securities and Exchange Commission , including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of DC Brands International as of the date of this release. DC Brands International and its managers and agents undertake no obligation to publicly update any forward-looking statements. CONTACT: Aubrey Cornelius aubrey*sprocketcommunications.com 303.495.2883
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STTC(.009) Closes $1.1 Million Funding Wednesday, June 27 2007 6:26 PM, EST PrimeZone "PrimeZone " ISELIN, N.J., June 27, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:STTC) announced today that effective June 26, 2007 it received the first of three installments of gross proceeds of up to $1,100,000 by the issuance of $1,100,000 of Convertible Notes to four accredited investors. The Convertible Notes mature one year from the effective date and may be converted, at the option of the note-holders, into shares of common stock of SoftNet Technology Corp. JPC Capital Partners, Inc , an Atlanta based NASD firm, acted as exclusive placement agent for this transaction. Please visit www.jpccapital.com for more information. Jim Booth, CEO of SoftNet Technology Corp. , stated, "This funding provides us with the necessary working capital to maximize shareholder value by increasing revenue, cash flow and earnings of SoftNet Technology Corp. This infusion of cash, albeit in three installments, will fuel our revenue growth. Increased working capital will enable us to aggressively scale the companies reach around the territories." Please visit our website at http://www.softnettechnology.com for more information or for Investor Relations; please contact the company directly at 908-212-1799, option 7, James Booth--CEO, or by e-mail at: investorrelation*softnettc.com The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by SoftNet Technology Corp. (STTC) may differ materially from these statements due to a number of factors. STTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions. CONTACT: SoftNet Technology Corp. Investor Relations James Booth, CEO (908) 212-1799, option 7 investorrelation*softnettc.com
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UPDA Board Approves Spin Off to Shareholders - One Share of Continental Fuels, Inc. Subsidiary to be Distributed for Every 50 Shares of UPDA 6/27/2007
JUNO BEACH, Fla., Jun 27, 2007 (BUSINESS WIRE) -- The Board of Directors of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) (FWB:UP1) (BCN:UP1) (GER:UP1) (MUN:UP1) (STU:UP1), has approved a resolution to spin off a portion of its holdings in Continental Fuels, Inc. (OTCBB:CFUL) (FWB:CNDI) (GER:CNDI) (BCN:CNDI) to UPDA's common stockholders of record on July 11, 2007, the second anniversary of UPDA's launch as an energy development company.
According to the Board Resolution, one share of CFUL common stock will be distributed to UPDA's common stockholders for every 50 shares of UPDA common stock held. Every UPDA common stockholder will receive at least one CFUL share in this distribution and fractional shares will be rounded up to the nearest whole number. The date of the distribution will be August 1, 2007 to UPDA's common stockholders of record on July 11, 2007.
Although the distributed shares will be restricted from transfer for one year pursuant to SEC Rule 144, UPDA has obtained an opinion that the shares will have no tax consequence to the recipient until they are sold or transferred.
"We have come a long way in just two years and this distribution allows the shareholders to benefit from UPDA's growth in a tangible way," reports UPDA Chairman Kamal Abdallah. "It also allows the Board to underscore the value that the company has been developing since its inception. The spin-off of this portion of CFUL shares represents only about 2% of UPDA's net assets according to an internal review."
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the incubation and acquisition of under-funded energy ventures and cutting-edge technologies. Consistent with this business plan, UPDA has recently acquired majority ownership of two additional public companies, Heartland Oil and Gas Corporation (OTCBB:HOGC) and Continental Fuels, Inc. (OTCBB:CFUL) (www.continentalfuels.com), and established a private, wholly-owned subsidiary, Aztec Well Services, Inc., thereby expanding its asset base and significantly increasing its sources of potential revenue.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
SOURCE: Universal Property Development and Acquisition Corporation
Universal Property Development and Acquisition Corporation Jack Baker (Investor Relations), 561-630-2977 info*updac.com
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News for 'PAIM' - (PAIM Gold Team Update: XYZ Gold Project to Start Mobilization in a Few Days; Aroroy Gold Project Increases Stock Piling of Gold Ores, Design of Gango Gold Mill Plant Started Four Visiting Shareholders/Guests from the USA Are Headed for PAIM's Various Gold Mine Sites, and Also Attend Opening of the Primary School for the Higaonon Tribe)
MANILA, Philippines, Jun 28, 2007 (BUSINESS WIRE) -- Pearl Asian MiningIndustries,Inc. (OTC:PAIM)(OTC:PAIMP) announces the latest activities of Pearl Asian Mining's Gold Team on gold-rich areas of Masbate Island, as Pearl AsianMiningcommences operating Aroroy Gold Project and will start operations on XYZ Project within the next few days. Masbate Gold Team Leader VP/PRO Ariel Caleonreportsthat Aroroy Gold Project currently has 120 bags (approx. 3.6 metric tons) of raw ores on stock pile, and needs to build up a minimum of 240 bags(approx.7.2 metric tons) to optimize utilization of the gold mill plant on-site. The 240 bags will generate an estimated 122 grams, or 4 ounces of gold.In the XYZ Gold Project, the team members shall soon mobilize into the area tocheckwhich of the six existing tunnels is most viable for immediate rehabilitation and exploration. Moreover, PAIM Executive President RandolfVillanuevais closely monitoring and fast-tracking the approval of PAIM's Mineral Production Sharing Agreement (MPSA) Application, as the Memorandum ofAgreementon the Right-of-Way and Access to the XYZ Gold Project was signed today.On the other hand, regarding operations in Gango Gold Rush in Bukidnon Provincenearthe vicinity of Binasan Mine Project Cagayan de Oro, COO Engr. Ricardo Bernardo reports that his engineering team has commenced designing a gold millplantthat will comply with the government requirements on environmental protection, particularly concerns regarding the well-being of surroundingcommunities.For this reason, PAIM recently tapped the services of Clare Aslan, an Environmental Consultant from the USA, to do a detailed study and evaluationofthe environmental aspect.
Meanwhile, Pearl Asian Mining's Board of Directors has decided to temporarilystopmining operations at Binasan Gold mine due to frequent mud slides, washed out roads, and high river currents resulting from intermittent yet heavyrainfallin the area recently. The Board feels that, with the almost simultaneous start of the three other gold mines, the shutdown of Binasan willnotsubstantially affect PAIM's revenues. In relation to this, the Board has postponed the diamond drilling scheduled next month, instead re-scheduling it toApril2008. Additionally, during the temporary shutdown, rehabilitation of access roads will continue in preparation for the scheduled arrival of thediamonddrilling equipment next year. During the rainy season, fallen trees, logs and timbers will be gathered for added revenues and new seedlings will bere-plantedas Pearl Asian Mining implements its Green Re-Forestation Program during the six-month rainy season in the country.Last but not the least, Pearl Asian Mining announces the grand opening of itsprimaryschool at the Binasan Mine Site today, June 28, 2007. With its mission to educate the children along with some adults of the Higaonon Indigenous Peopletowipe out illiteracy and end poverty in Binasan, the Jennifer Lyn Academy/Binasan Pearl Learning Center was established through the generousfundingand support of PAIM's Operation Reach Out USA. Mrs. Jennifer Lyn Bosaw was the main Guest of Honor, joined by visiting US shareholders and guests:PearlAsian's IR Officer Jeffrey Bosaw, Environmental Consultant Clare Aslan, Dr. Thomas Wellbrook, who will assist in bringing in volunteer physicians fortheWhispering Hope Kramer Foundation Healing Center, Mayor Lawrence Cruz of Iligan City, local education officials Gulliermo Fuentes and Dr. Leticia Tolog,otherofficials of Iligan City, Tribal Chieftains, Datus & Sultans. Also on hand to witness this historic event were PAIM CEO for USA Jason Piamonte, PresidentforMindanao Operations Manolo Tecson, and other members of the Gold Team. PearlAsianis pleased to announce that over 90 children are currently enrolled from pre-school to third grade this inaugural school year.Jason Piamonte stated, "Pearl Asian Mining will continue to support the needs ofthecommunities and its people. The 3 C's - Consideration, Compassion & Commitment - are still PAIM's perpetual main theme. Aside from improving thelivingconditions/livelihood of communities, environmental protection and reforestation near the areas where the company operates its gold miningprojects,this will serve a substantial economic/financial benefit for PAIM as well, as communities will continue to welcome PAIM's operations, as a result.Communityacceptance is a very vital component for continued mining operations and existence of Pearl Asian Mining (PAIM) under Philippine laws."Forward-Looking Statements:
Forward-looking statements involve known and unknown risks, uncertainties andotherfactors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievementsexpressedor implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company'sprojectionsregarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risksanduncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk ofcommodityprice fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks areveryhighly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or reviseanyforward-looking statements, whether as a result of new information, future events or otherwise.SOURCE: Pearl Asian Mining Industries, Inc.
CONTACT: Pearl Asian Mining Industries Inc.Jefferey Alan Bosaw, 402-212-7840 (USA)011-63-2-567-5163 (P.I.)Fax: 877-317-4430IRJbosaw*yahoo.comwww.PearlAsianMining.comCopyright Business Wire 2007
-0-KEYWORD: Philippines
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