Blackout Media Corp (BKMP)

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OT I followed PAIM from .0001 to .0032+

PAIM went from 0.0001 to 0.0032+ backback-PR Here

OT PAIM had over 30 Billion Shares in June

See here
http://www.pinksheets.com/quote/finance.jsp?symbol=PAIM



Read this pr


% Buy Back Is 99% Complete -- Pearl Asian Mining Diagrams the Options & Process to Convert Its Preferred Shares and Convertible Debentures
Pearl Asian Mining Industries, Inc. (OTC:PAIM) Reports: that the 90% buy-back is now more than 99% complete. All the shareholders that opt to convert their certificates to common shares must follow the process of converting the Preferred Shares and Convertible Debentures. The remaining shares subject of the 90% buy-back that have not been surrendered have stop transfers in place and will be automatically cancelled on Sept. 1, 2006 with the 10% new stock certificates and the 90% CDs issued to replace the remaining fractional percentage, completing the buy back.


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COMMON SHARES A). Common shares issued up to June 15, 2006
Par Value =$0.001 were subject to the 90% buy-back.
B). Upon completion of the common shares buy-
back, the total outstanding public float of
common shares will be fewer than 3 billion.
C). The remaining 10% of shareholders' common
shares are available for trading at anytime.
PREFERRED SHARES
Par Value = $0.00000001
No symbol as of yet.

CONVERSION OF PREFERRED SHARES TO COMMON SHARES
-----------------------------------------------

# of # of
Period Preferred Shares Common Shares

Current to March 30, 2007 10,000 1 Common Share
March 31, 2007 - March 30, 2008 5,000 1 Common Share
March 31, 2008 - March 30, 2009 2,500 1 Common Share
March 31, 2009 - March 30, 2010 1,250 1 Common Share
March 31, 2010 - March 30, 2011 625 1 Common Share
March 31, 2011 and after 500 1 Common Share


CONVERTIBLE DEBENTURE A). Convertible Debenture (CD) is in exchange
Face Value =$1.00 of the 90% buy-back of outstanding common
increments shares. B). One common share surrendered
equals $0.001 par value when held to maturity
of Five Years - June 15, 2011.
C). CDs held until June 15, 2011 will be paid
without interest. D). CDs can be converted
back to Common Shares at a fixed rate cost of
$0.01 per share at anytime on or before
maturity (June 15, 2011).

NOTES: (1) All Preferred Shares and Convertible Debenture Certificates were already sent to DTCC, CDS and transferred to their participants. (2) All conversions of Preferred and Convertible Debentures must first be transferred into the name of the beneficial owner. (3) Certificates must be properly endorsed with a Medallion Signature Guarantee Stamp (obtained from a national bank or stock brokerage firm). (4) Request for conversion must include a cover letter of instructions, original certificate, a fee of $25 for each certificate cancelled, a $25 fee for each new certificate issued. Fees are payable to: First Public Securities Transfer Corporation: 4546 B-10 El Camino Real Suite #288: Los Altos, CA 94022; Attn: Conversion Dept: 1-310-770-6689.

Any questions and concerns please contact PAIM's Investor Relations Officer Engr. Gotanco via e-mail: [e-mail] directly, or through phone # [phone]. Please note: This phone is answered 12 hours ahead of New York time zone as it automatically forwards to the Philippines.

FORWARD 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 and uncertainties such as: 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.


Pearl Asian Mining Industries Inc. - Philippines
Investor Relations:
Gary Gotanco, 678-570-6538 or 310-728-6907 (USA)
Fax: [phone]
[e-mail]
www.PearlAsianMining.com



Source: Business Wire (August 30, 2006 - 9:01 AM EST)

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