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Pearl Asian Mining Industries Contracts BUYINS.NET For Short Sale Data To Be Used In A Squeeze Trigger Report Designed To Combat Naked Short Selling In PAIM

April 18, 2006 06:00:04 (ET)


MANILA, Philippines, Apr 18, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC Symbol: PAIM) announced today that it hired and signed a contractual agreement with BUYINS.NET. The service will be used for 3 months starting on April 18, 2006 and ends on July 18, 2006.

BUYINS.NET is a research service designed to combat short selling and naked short selling in US stocks. BUYINS.NET is to provide unique research to give insight into short selling in PAIM stock. The BUYINS.NET Squeeze Trigger Report has general information about the short activity in Pearl Asian Mining Industries, Inc. shares from every US stock market dating back to January 1, 2005. The Squeeze Trigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTC BB and OTC Pink Sheet Market quoted stocks. The BUYINS.NET's proprietary "Squeeze Trigger Report" alerts shareholders and prospective shareholders to the exact price that a short squeeze can start in any US stock. This not only serves as a method to combat existing naked short sellers but also as a deterrent to future short selling in the shares of a stock. Each month for 3 months, BUYINS.NET will issue a Squeeze Trigger Report alerting Wall Street as to the approximate short selling activity in PAIM shares and the exact price at which a short squeeze is expected to begin. This Report will be provided to all PAIM investors / shareholders and institutions free of charge.

Pearl Asian Mining Industries, Inc. will have access to the price and approximate volume of short sale transactions in its stock from every stock market venue in the U.S. BUYINS.NET has a proprietary algorithm that calculates the exact price that all the shorts will start losing money in their trades. Once PAIM's shareholders, prospective shareholders, and Wall Street know this number, a virtual battlefield of BULLS vs. BEARS will be staged and BULLS will know for the first time in history, the exact time to strike against the BEARS.

The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. Pearl Asian will pay a $2,985.00 data fee ($995 per month for 3 months) information provided in this report. The data service can be cancelled at any time.

FORWARD-LOOKING STATEMENTS

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: Pearl Asian Mining Industries Inc.


Pearl Asian Mining Industries Inc.
PHILIPPINES
Investor Relations
Engr. Gary Gotanco, MBA, 011-63-2-490-0140
or
USA
Investor Relations
Richard C. Miller, 770-336-5779
or
[e-mail]
www.PearlAsianMining.com
FAX: [phone] (USA)
Copyright Business Wire 2006