MISSISSAUGA, Ontario, May 11, 2012 – Mina Mar Marketing Group Inc. (MMMG) www.minamargroup.net is an Investor Relations firm servicing small cap issuers quoted and traded on the OTC Markets exchange. Mina Mar Group (MMG) www.minamargroup.com provides mergers and acquisition (MA) and corporate consulting to small cap issuers quoted and traded on the OTC Markets exchange, and those seeking to go public. We maintain corporate presence in Toronto Canada, Belgrade Serbia, Shenzhen China, with agent representations in Dublin Ireland, Delhi India, London UK and USA (Arizona, Florida and Michigan). MMMG has over the years accumulated a fairly large “opt in” email database and a twitter social media following. MMMG utilizes these marketing tools or medias to disseminate information to its followers, via email alerts such as “Early Alert” and “Fridays Tips”. These emails are sent primarily to our clients shareholders to keep them advised of the ongoing daily activities of companies. These are categorized as companies in a campaign mode, or maintenance mode. MMG recently launched a service OTCVerify.Com which examines the physical plants the OTC Markets issuers claim they maintain following the guidelines of OTC Markets Adequate Disclosure. The OTC Verify is similar to a business appraisal and although we do charge a fee for the service we remain non bias and we disclose the fee we were paid in our disclaimers.
Miro Zecevic CEO of MMG said “A press release issued by KMAG on or about May 10 2012 was brought to our attention. We are using this opportunity to address certain allegations issued by KMAG management regarding alleged “False Statements” made by MMG. In fact no false statements were ever made by MMG.
In a KMAG release KMAG management and specifically Mr. Jeffrey Reid states that “In late 2009 Mina Mar met with Jeffrey Reid and discussed potential business transactions”. Although we were retained in late 2009 by KMAG and Mr. Reid via email and fax, to perform IR and MA services, the fact is we never met Mr.Reid, nor did we ever inspect the KMAG operations in Toronto or China. Notwithstanding, that both KMAG and MMG are within a 10 minute driving distance of each other and over the course of the 6 to 10 month relationship we attempted on numerous occasions to meet Mr. Reid and to inspect his company to no avail. During this same period MMMG initiated a series of Friday Tips alerts to MMG followers advising them that we are working on a merger for KMAG and to keep KMAG on their watch list.
Mr.Reid claimed that he was in Hong Kong or just leaving for Hong Kong on each and every opportunity we extended him to meet. We advised Mr.Reid that our China representative would be available to meet up with him in China and that coincidently I was to be visiting the MMG Hong Kong office at the same time he was in China. Mr.Reid replied with a brisk 2 line email terminating our relationship. The fact that we were never able to meet up with KMAG as a shareholder and as a service provider to conduct an inspection and an interview gave us a grave cause for concern to continue representing KMAG. We brushed off Mr.Reids dismissal and moved on.
The inquiries from KMAG shareholders escalated over the months. Our internal audit indicated that these inquiries possibly stemmed from old Fridays Tips alerts we sent out on KMAG. In March and April 2012 we attempted to contact Mr. Reid through all available means. The purpose of our inquiry was to ascertain the validity of KMAG business, certain press releases the company issued, and filings so that we can answer the followers of Fridays Tips. Moreover, we wanted to discuss the “skull and bones” KMAG was labeled with at that time by OTC Markets. We also advised Mr.Reid that the OTC Verify service would be free as we never received any compensation from KMAG in the past and that this would eliminate many of KMAG shareholders concerns.
As our calls and requests for an inspection of KMAG operations and Mr. Reid fell on deaf ears, again as it did in the past.
Mina Mar Group’s name is paramount to us. Our entire following is based on accurate and up to date information we provide to our followers who in turn rely upon this information to make an investment in a profiled company current or past.
Being left with no alternative MMMG did release the following assessment on KMAG on or about May 1 2012 in our email opt in list “Early Alert”.
This is an old client that we represented a while ago. We sent many Alerts and Fridays Tips on KMAG in the past.
We received a large number of calls / inquiries on KMAG from shareholders who bought KMAG and or added to their position based on our past Alerts, and are now asking for an update. Unfortunately, we have attempted many times via email and telephone to reach the company however they appear to be evasive. We are of the opinion based on our experience, company evasiveness, trading patterns to name a few, that some form of dilution and toxic financing is taking place at KMAG.
For our followers to our newsletter we are providing this free update. We hold no position in KMAG in any format long or as a short whatsoever. For our followers / subscribers we would highly recommend exiting KMAG immediately until we can get a good overview of this company’s state of affairs.
Our position remains the same as it did in our May 1, 2012 Alert. Now with the KMAG release of a “share buyback” program we caution Mina Mar Group followers that we remain unable to verify any information furnished in the public domain by this company. Again we extend this invitation to the KMAG management to provide any proof of the same”.