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IPMG News International Precious Minerals Group, Inc. (IPMG....
Thursday, May 29, 2008 6:01 AM

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News for 'IPMG' - (International Precious Minerals Group, Inc. (IPMG.PK) Files Form 15)


WASHINGTON, DC, May 29, 2008 /PRNewswire-FirstCall via COMTEX/ -- International
Precious Minerals Group, Inc. has filed a Form 15-12G to terminate its
registration as a reporting issuer to the SEC under the Securities Exchange Act
of 1934.

Company Treasurer and spokesman Anthony Thompson Jr. explains; "The Company was
recently purchased by a private group out of Washington, D.C. We believed that
the Company was a non-reporting issuer when it was purchased. The last filing to
the SEC was in 1999.

Needless to say, we were caught completely off-guard by the sudden suspension in
the trading of our stock by the SEC. We have filed a Form 15 pursuant to Rule
15d-6 yesterday, May 28th. This will terminate our reporting requirements to the
SEC immediately.

We are working diligently to lift the suspension on trading of the stock, and
are in ongoing discussions with the Pink Sheets, LLC and the SEC to resolve the
matter as quickly as possible.

We will continue to advise our shareholders of our status as events transpire.
Our plans to execute a reverse merger with an extremely promising private
company have temporarily been put on hold while we resolve this paramount
issue."

About International Precious Minerals Group, Inc.

IPMG, Inc. is a Wyoming based Company, previously concentrating on exploration
and development of gold and other mineral properties that were in the early
phases of development.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.'
Statements describing objectives or goals or the Company's future plans are also
forward-looking statements and are subject to risks and uncertainties, including
the financial performance of the Company and market valuations of its stock,
which could cause actual results to differ materially from those anticipated.
Forward-looking statements in this news release are made pursuant to the 'Safe
Harbor' provisions of the United States Private Securities Litigation Reform Act
of 1995. Investors are cautioned that such forward-looking statements involve
risks and uncertainties, including, without limitation, risks relating to the
ability to close transactions being contemplated, risks related to sales,
acceptance of International Precious Minerals Group, Inc. products, increased
levels of competition, technological changes, dependence on intellectual
property rights and other risks detailed from time to time in International
Precious Minerals Group, Inc.'s periodic reports filed with the regulatory
authorities.

SOURCE International Precious Minerals Group



www.prnewswire.com


Copyright (C) 2008 PR Newswire. All rights reserved

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KEYWORD: District of Columbia

INDUSTRY KEYWORD: MNG

Source: Comtext Market News
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