Mina Mar Marketing – Blog & Announcements

Toronto, July 12, 2010 – “DISTRESS ISSUERS’ IR company (http://www.minamargroup.net/) and M&A firm, Mina Mar Group (http://www.minamargroup.com/) would like to take this opportunity to update followers on the status of the following distress issuers and clients: AMRA and ASPR Amalgamation with (EEGI) and (LDSR).

These issuers are currently in the process of finalizing their acquisitions by the new target client companies and existing clients LDSR and EEGI. DISTRESS ISSUERS are presently in the grey market and in severe duress, however they intend to raise their value back through the absorption and amalgamations.

 Amalgamation paperwork is being finalized and will be filed with Pink Sheets shortly. 

The following is an update to custodian shells “DISTRESS ISSUERS’.

Usually when a company is appointed a custodianship by a judge, the judge awards a custodian. The custodian is to report back to courts with a progress and advise the courts how the company has been resurrected, if and what state fees, transfer fees and filing fees have been paid, and what is outstanding. In summary what is the general progress of the company. Once this threshold has been met, the courts will require the custodianship to be released and returned to the interim management (usually within 30 to 90 days). This step is referred to as DISCHARGE OF CUSTODIANSHIP.

This discharge of custodianship is the first step towards returning the distress issuer back to normality by having the interim custodianship discharged, and appointing the new management, or the new interim management. Henceforth the new interim management enters discussions with a merger company and merger progress begins. The end result is the company returns to normality and normal operations. In the AMRA and ASPR cases, these issuers were sanctioned by the SEC for non-filings dating back to 2003. There are no good clean records available from ex management to conduct an audit and refile a 15c211 as required by SEC. The only available option to these distress issuers is to amalgamate with an already existing trading company in exchange for the limited good will and assets AMRA and ASPR possess.

“DISTRESS ISSUERS” amalgamation and share distribution to shareholders, as per the rules, requires the approval of US authorities (FINRA) prior to finalization. “DISTRESS ISSUERS” possess several assets that are appealing to certain clients of Mina Mar Group such as the shareholder base. Mina Mar Group will waive fees on these transactions to yield a higher return to “DISTRESS ISSUERS” shareholders being amalgamated. Complex calculations, contracts and approval by US authorities are required for the amalgamation which submissions will immediately be filed upon completion of the transaction. Notices and pay dates will be announced in due time, including details regarding the finalization (expected to be completed in concert with the mergers of the targeted merger companies) of this transactions and will be made available in due time as they become available and filed with Pink Sheets.

More on custodianship can be found at the following link

http://www.leg.state.nv.us/Statutes/74th/Stats200712.html#Stats200712page1317

78.347 1. Any stockholder may apply to the district court to appoint one or more persons to be custodians of the corporation, and, if the corporation is insolvent, to be receivers of the corporation when:

(a) The business of the corporation is suffering or is threatened with irreparable injury because the directors are so divided respecting the management of the affairs of the corporation that a required vote for action by the board of directors cannot be obtained and the stockholders are unable to terminate this division; or

(b) The corporation has abandoned its business and has failed within a reasonable time to take steps to dissolve, liquidate or distribute its assets in accordance with this chapter.

2. An applicant on whose behalf a stockholder has applied to the district court for a custodianship pursuant to subsection 1 shall provide the following information, along with an affidavit attesting that such information is true and correct, to the district court:

(a) A detailed list of all previous applications to a court in any jurisdiction for a custodianship of a publicly traded corporation that were filed by the applicant or an affiliate or subsidiary of the applicant.

(b) If an application listed in paragraph (a) was approved, a detailed description of the activities performed during the custodianship by the applicant or the affiliate or subsidiary of the applicant.

(c) A description of the current corporate status and business operation of any publicly traded corporation for which the applicant and any affiliate or subsidiary of the applicant has held a custodianship.

(d) A full disclosure of any and all previous criminal, administrative, civil or National Association of Securities Dealers, Inc., or Securities and Exchange Commission investigations, violations or convictions concerning the applicant and any affiliate or subsidiary of the applicant.

(e) Evidence of reasonable efforts by the applicant to contact the officers and directors of the corporation for which the custodianship is sought.

(f) Evidence of a demand by the applicant to the officers and directors of the corporation for which the custodianship is sought that the corporation comply with the provisions of chapter 78 of NRS and that the applicant did not receive a response.

3. The district court shall order any applicant who is granted custodianship pursuant to this section to:

(a) Comply with the provisions of NRS 78.180 or 80.170, as applicable. The custodian shall submit evidence of compliance with this paragraph to the district court.

(b) Provide reasonable notice to all shareholders of record of a shareholder meeting to be held within a reasonable time after an application for custodianship or receivership has been granted. The custodian shall submit evidence of compliance with this paragraph to the district court.

(c) Provide the district court with a report of the actions taken at the shareholder meeting noticed by the custodian.

(d) Provide the district court with periodic reports, at intervals to be determined by the court, of the activities of the custodian and the board of directors and the progress of the corporation.

(e) Provide any other information deemed necessary by the court.

4. Within 10 days after being appointed custodian of a Nevada publicly traded corporation, the custodian shall file with the Secretary of State an amendment to the articles of incorporation containing the following information:

(a) Disclosures of any previous criminal, administrative, civil or National Association of Securities Dealer, Inc., or Securities and Exchange Commission investigations, violations or convictions concerning the custodian and any affiliate of the custodian.

(b) A statement indicating that:

(1) Reasonable attempts were made to contact the officers or directors of the corporation to request that the corporation comply with corporate formalities and to continue its business.

(2) The custodian is in fact continuing the business and attempting to further the interests of the shareholders.

(3) The custodian will reinstate or maintain the corporate charter.

(c) Any other information required by regulation to be submitted to the Secretary of State.

5. The Secretary of State may adopt regulations to administer the provisions of subsection 4.

6. A custodian appointed pursuant to this section has all the powers and title of a trustee appointed under NRS 78.590, 78.635 and 78.650, but the authority of the custodian is to continue the business of the corporation and not to liquidate its affairs or distribute its assets, except when the district court so orders and except in cases arising pursuant to paragraph (b) of subsection 1.

Background: “DISTRESS ISSUERS” came to Mina Mar Group as clients in early 2010 as a custodian companies under the auspices of Nevada courts. While the distress issuers filings and status were being resurrected and reinstated including the registering as a filer with the SEC; the 7 distress issuers were noted in default as a non filer, and subsequently suspended from being quoted by the SEC.

 Mina Mar Group is of the opinion that these issuers were sanctioned for other ulterior motives. Cooperating from some of these distress issuers transfer agents were obstructed. Small retail shareholders’ values are being systematically erased by unscrupulous traders and other forces deemed unfair to the issuer. To that end, the distress companies, the targeted amalgamation companies and Mina Mar Group ask the readers and followers to sign the ICE petition which we intend to present to US authorities to once and for all ban the short sales and manipulative abuses in the small cap markets.

 Legal Updates: New complains are being prepared to be filed in USA courts and State of Florida. Additional enforcement actions are being taken for slander lawsuits obtained in Canada to be enforced in USA. The new complaints relate to the stock bashers and short sellers manipulation efforts. More and more USA courts are taking notice of abuses small issuers face and erosion of values its entire shareholders suffer for the gains of few. We urge any shareholder that has a legitimate concern to bring same to the issuers attention at http://www.minamargroup.com/helpdesk however Mina Mar Group on behalf of the issuers will vigorously pursue all stock bashers which attempt to artificially and by means of Internet media manipulate the values of the issuers security.

 Ex stock bashers and those that are still participating in these activities are being afforded a 14 day amnesty (ending July 23, 2010) by contacting Mina Mar Group legal advisers and making satisfactory arrangements; failing which no further notices will be provided. Take notice that many Internet chat boards will shortly be served with USA issued subpoena’s to reveal your identity. Separate vigorous complaints will be commenced against you for your previous and current slanders.  

Messer, Caparello & Self, P.A.

2618 Centennial Place

Tallahassee, Florida 32308

Thomas M. Findley, Esq.

Web Address:  <www.lawfla.com>

Take notice that your malicious slanderous, false and misleading Internet postings may have serious financial repercussions.

Pass the word! Participate! Be heard by the US authorities! Lets put the short sellers and stock bashers on ICE. See http://www.minamargroup.com/ice and sign the petition, which we intend to present to US authorities to once and for all ban the short sales in the small cap markets. The same rules as in effect in Germany and Hong Kong. Our proposal has a limited scope effecting Pink Sheets and OTCBB companies only. Fight back as an investor to repeal the “Communications Decency Act” which allows for the short sellers, stock bashers and or those which offer them a safe harbour to leech and thrive on these markets, while causing distress and decline of small/micro cap companies and the values of issuers share prices.

The company reminds its shareholders and followers to monitor PinkSheets.com Filing section

and also our IR company web site section “PRESS RELEASES AND FILINGS” TAB

http://www.minamargroup.net/ for non newsworthy corporate updates.

For any matters relating to retail investor queries or to send the company or its IR a message

please click on the “INVESTOR SUPPORT” TAB, or the direct link

http://www.minamargroup.net/helpdesk. In this regard, Mina Mar Group works diligently to

answer and address all the pressing issues regarding its clients to the shareholders’

satisfaction. MMG is in constant contact with the companies, addressing, obtaining and

processing all inquiries. MMG is often one of the advisors or IR companies utilized by the issuer.

Depending on the location of the issuer and management’s availability, it may take up to several

days to address any pressing issues. In a normal course of business and a pending transaction,

the issuer may opt to remain silent in order not to lose advantage to a competitor. MMG is

mindful that sometimes shareholders want answers immediately, which for the above reasons

cannot be fulfilled on a timely basis.

Don’t be a victim. Report a stock basher to authorities. The company is mindful that short

sellers, the company competitors and stock bashers stalk small cap Pink Sheets listed

companies with hidden agendas. Visit http://www.stockbasher.com/ and find out what criminal

and civil actions the US authorities are taking against web sites and the remedies available to

you as an individual investor. Discover for yourself why and how USA based small businesses

and the backbone of the economy suffer. Stay informed and do not allow entrepreneurs dreams,

innovations, and their access to capital to be thwarted as “scalpers” and day traders vigorously

day in and day out try to exploit and extinguish US innovation and progress for quick profits.

Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client

Support section in due course. To be included in company’s email database for press releases,

industry updates, and non-weekly activity in the company that may or may not be news

released, please subscribe or opt in mailer at http://www.minamargroup.com/updates.