NMC Inc. (fka NMCX)

[atlanta]

Sample,

On or about October 20, 2000, the Arizona State Land Department (ASLD) issued a Notice of Default and Denial of Mining Plan of Operation (MPO). The ASLD attempted to terminate the lease between the Company’s wholly owned subsidiary, Peeples, Inc. (Peeples) and the ASLD. After a five-day hearing, an Administrative Law Judge (ALJ) found in favor of Peeples on seven of eight issues. Peeples appeared that one issue to the Superior Court. The Superior Court ruled against Peeples. Peeples then appealed that ruling to the Appellate Court and were successful. Therefore, Peeples was successful on all issues. The Company was also awarded its Attorney fees and costs which were paid by the State of Arizona

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