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TMMI - TMM Inc. Announces Suspected Illegal Shares and Unauthorized Expansion of TMM Stock
Jun 25, 2007 12:55:00 PM
BEVERLY HILLS, CALIFORNIA -- (MARKETWIRE) -- 06/25/07 -- TMM INC. (PINK SHEETS: TMMI) President Michael Fernandez announced today that he suspects that unauthorized shares of TMM stock have been issued and entered the public market illegally.

Fernandez announced that Corene Dion King, a director of TMM, has without authorization from the board of directors or approval of a majority of the common shareholders filed an amendment to articles of incorporation of the company increasing the authorized shares of common stock from 100 million shares to 750 million shares and issued 169 million additional shares of common stock.

Fernandez also stated that he has notified the Securities and Exchange Commission and the Nevada Secretary of State office and requested an investigation. Fernandez further stated that these issuances have not been approved by the legitimate board directors of TMM Inc. and that he has retained legal counsel to investigate this suspected illegal stock issuance and to take immediate legal action to have the transactions cancelled.

Michael Fernandez, President

Contacts:
TMM Inc.
Michael Fernandez
President
[phone]
Email: [e-mail]
Website: www.tmmi.us