Replies to post #41265 on ZNext Mining Corporation, Inc (ZNXT)

[Green Money 00]

Pearl Asian Mining Industries, in Cooperation with Its Transfer Agent and DTCC, Allows 3-Day Settlement Period from the Effective Date of July 20th 2007, for PAIM's Mandatory 95% Buy-Back

Pearl Asian Mining Industries, Inc., with stock symbols: U.S.A. (OTC: PAIM) (OTC: PAIMP); Germany (GER: R1Z) (FWB: R1Z), announces that the company, in cooperation with its transfer agent AGN Associates and DTCC, allows 3-day settlement period from the effective date of July 20th 2007, for PAIM’s mandatory 95% buy-back.

As a reminder to PAIM shareholders, the 5% of remaining shares are freely tradable as indicated in previous press releases. Therefore, Pearl Asian Mining advises all shareholders who sold their PAIM shares starting July 23, 2007 that they should sell no more than the remaining 5% in their accounts. Likewise, as the company recommended in previous press releases, shareholders are encouraged to contact their brokers to verify that the latter have segregated 95% of their shares in a restricted account.

As a result, all PAIM shares bought starting July 23, 2007 are not subject to the 95% mandatory buy-back. Conversely, shares being sold starting July 23, 2007 should not exceed the remaining 5% in shareholders’ accounts. Otherwise, shareholders who sold more than the remaining 5% in their accounts have incurred a short position and will be required to cover the same.

In summary, following are the salient points of the mandatory 95% buy-back:

* July 23-25, 2007 - settlement period for all transactions ending close of business on effective date of July 20, 2007
* Starting July 23, 2007 – 5% of shares remain freely tradable
* Starting July 23, 2007 – shares bought are not subject to the 95% mandatory buy-back
* All shares sold starting July 23, 2007 should not exceed the remaining 5% in shareholders’ accounts, otherwise any shareholder who sold more than the remaining 5% has incurred a short position in PAIM and will need to cover by the settlement date
* All shareholders holding shares in certificate form and all brokerages should surrender their common share certificates starting July 23 up to July 31, 2007
* Upon receipt of all certificates, AGN Associates will issue new certificates representing the 5% of the total shares and the payment check for the 95% of the common shares with a pay date of 10/10/07.

“Pearl Asian Mining has exerted all efforts to inform shareholders and the public about the mandatory 95% buy-back in advance, precisely so as to allow this transition to proceed smoothly and to prevent shareholders from unintentionally incurring short positions in PAIM,” stated Jason Piamonte, CEO of Pearl Asian Mining Industries USA.

FORWARD-LOOKING STATEMENTS:

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Pearl Asian Mining Industries, Inc.
Investor Relations:
Gary Gotanco, MBA, 866-732-7888 (USA) or
310-728-6907 (P.I.)
Fax: [phone]
[e-mail]
www.PearlAsianMining.com

Source: Business Wire (July 24, 2007 - 1:44 PM EST)

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