Post by Bugsy on Dec 20, 2006 17:13:32 GMT -5
CMKM Diamonds Issues Update
LAS VEGAS--(BUSINESS WIRE)--On Tuesday, The Company met with their corporate attorney, John T. Moran III of the Moran Law Firm, to discuss the status of interpleader to be filed with the Federal Court as discussed in the PR of 8-28-06. The Company was informed that the pleadings are almost complete, however, Attorney Moran was made aware of and discovered additional Company information that dictated further investigation and due diligence that needed to be performed by all of the attorneys involved before the document can be completed.
“Because this is the first ever interplead action that we know of to be used for purpose of accounting and earmarking certificates to those shareholders presenting viable equity in a once public company, extreme care must be taken to insure that every possible issue is addressed,” stated a company director, Urban Casavant.
The Company requests that all shareholder emails, calls, faxes and any other type of communication to Attorney Moran be halted at this time.
The Company understands the frustration that shareholders are experiencing due to the long intervals between news releases. In response, Interim CEO of the Company, Kevin West, stated “In order to provide our shareholders with information that is up to date and consistent, the Board has directed that a press release be sent out at a minimum of every 30 days to inform shareholders on the status of the interpleader and to address any other company news.”
The Company once again wishes to communicate to its shareholders that the message boards and chat rooms are not the place to find official news from the Company. The Company will only disseminate information to its shareholders through the use of an official press release.
CMKM Diamonds wishes all of its shareholders and their families a safe and happy holiday season.
Safe Harbor Statement:
This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
LAS VEGAS--(BUSINESS WIRE)--On Tuesday, The Company met with their corporate attorney, John T. Moran III of the Moran Law Firm, to discuss the status of interpleader to be filed with the Federal Court as discussed in the PR of 8-28-06. The Company was informed that the pleadings are almost complete, however, Attorney Moran was made aware of and discovered additional Company information that dictated further investigation and due diligence that needed to be performed by all of the attorneys involved before the document can be completed.
“Because this is the first ever interplead action that we know of to be used for purpose of accounting and earmarking certificates to those shareholders presenting viable equity in a once public company, extreme care must be taken to insure that every possible issue is addressed,” stated a company director, Urban Casavant.
The Company requests that all shareholder emails, calls, faxes and any other type of communication to Attorney Moran be halted at this time.
The Company understands the frustration that shareholders are experiencing due to the long intervals between news releases. In response, Interim CEO of the Company, Kevin West, stated “In order to provide our shareholders with information that is up to date and consistent, the Board has directed that a press release be sent out at a minimum of every 30 days to inform shareholders on the status of the interpleader and to address any other company news.”
The Company once again wishes to communicate to its shareholders that the message boards and chat rooms are not the place to find official news from the Company. The Company will only disseminate information to its shareholders through the use of an official press release.
CMKM Diamonds wishes all of its shareholders and their families a safe and happy holiday season.
Safe Harbor Statement:
This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
