Thursday, March 29, 2007 5:22:18 PM
http://www.pinksheets.com/quote/news.jsp?symbol=PAIM&headline=Pearl+Asia+Mining+%28PAIM%29+Not+E...
Pearl Asia Mining (PAIM) Not Eligible for OTCQX (Announcement)
New York, NY, Mar 29, 2007 (Pink Sheets News Service) — Pink Sheets has received a copy of a press release stating that Mr. Stephen Czarnik, an attorney, has submitted an application to Pink Sheets in the last quarter of 2006 to become a Designated Advisor for Disclosure (DAD).
The press release also claimed that the approval of Mr. Czarnik would bring Pearl Asia Mining Industries Inc. "closer to listing in the OTCQX this year 2007."
Investors and other interested persons should be aware that Pink Sheets has not received an application from Mr. Czarnik to become a DAD or from Pearl Asia to list on OTCQX. Moreover, Pink Sheets has reviewed the limited information available regarding this issuer, and it does not appear that Pearl Asia would meet the qualifications for an OTCQX listing, whether or not Mr. Czarnik is approved to serve as a DAD.
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