ZNext Mining Corporation, Inc (ZNXT)

[Lantz]

OMG this is fookin beautiful.....

Pearl Asian Mining Industries, Inc. Implements Reverse Split of Common and Preferred Shares with Record Date of Nov. 19, 2007Last update: 11/16/2007 10:00:05 AMReduces Authorized Common Shares to 20 Million and Authorized Preferred Shares to 80 Thousand Brokers, note CUSIPs and new symbols 3rd Quarter Unaudited Financial Report Available at MANILA, Philippines, Nov 16, 2007 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc., Stock Symbols: USA (OTC Common Shares: PAIM)(OTC Preferred Shares: PAIIP); Germany (Xeta: R1z.De) And (Frankfurt: R1z.F) today announced that by a special corporate action, resolved, acknowledged, and approved by the Board of Directors and the 57% of its majority shareholders, the following actions are being undertaken in consistent with the company's capital restructuring, effective Monday, November 19, 2007 (Record Date). -- 1 for 500 REVERSE SPLIT of all Issued and Outstanding Common Shares. Note, pre-split Common Shares CUSIP# 704755 107: ISN#US704755 107 9, (Old Symbol: PAIM) have been assigned a new CUSIP # 704755 404: ISN#US704755 404 9. The post-split outstanding public float for Common Shares will be 8,540,057 Common Shares. -- Reduction of the number of Authorized Common Shares from "4.0 Billion" (4,000,000,000) to 20.0 Million (20,000,000). -- 1 for 75 REVERSE SPLIT of all Issued and Outstanding Preferred Shares. Note, pre-split Preferred Shares bearing CUSIP # 704755 30 5 ISN # 704755 305 9 (Symbol: PAIIP) have been assigned a new CUSIP # 704755 503: ISN# US704755 503 9. The post-split outstanding public float for Preferred Shares will be 40,000 Preferred Shares. -- Reduction of the number of Authorized Preferred Shares from "6.0 Million" (6,000,000) to Eighty Thousand (80,000). Management of the company requests that all Pre-Reverse Certificates of all Common and the Preferred Shares shall be returned to the Transfer Agent (AGN Associates, Stock Transfer Services, LLC, 5431 Auburn Blvd., #178, Sacramento, CA 95841 on or before December 20, 2007, to help ensure timely reissuance of post-split certificates bearing the new CUSIP with the new symbol, and so that shareholders' stock may be free-trading under the new symbol. The Company is undertaking this capital restructuring in preparation for its application to become a fully reporting company. Management intends to complete all adjustments and reissues related to the aforementioned actions prior to 2007 year end. "Recognizing that reverse splits are rarely greeted with enthusiasm, these most recent corporate actions are predicated on our belief that the company and its shareholders will be much better served by the adoption of a more realistic capital structure that enables the company to exercise much more control of its own destiny and its place in the public markets," said Jason Piamonte, Chief Executive Officer. Chief Financial Officer Arnel Morilla noted that the report of the company's results for the quarter ended September 30, 2007 (unaudited 3rd Quarter) is available at .