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Gold/Mining/Energy : Casavant Mining Kimberlite International (CMKM)

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From: StockDung3/30/2007 12:32:08 PM
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CMKM Diamonds, Inc. Hires Frizzell Law Firm to Start the Process of Recovering Assets

March 30, 2007 10:35 AM Eastern Daylight Time

CMKM Diamonds, Inc. Hires Frizzell Law Firm to Start the Process of Recovering Assets

LAS VEGAS--(BUSINESS WIRE)--CMKM Diamonds, Inc. is in receipt of the Shareholder Derivative Rights Demand letter that was prepared on behalf of the shareholders by Bill Frizzell. We are currently investigating many facts that will help us decide the best order of filing lawsuits in a quest to recover monies and assets that belong to the shareholders of this Company.

The first order of new business was to hire the Frizzell Law Firm. The investigations conducted by the firm have uncovered many facts which have revealed the reasons for the issues that the Company now faces. The Company expects the first suit to be filed against two individuals. This suit is only the first of many suits that are being prepared. The details of these suits will be made available once they are filed.

β€œIt is my understanding that these first two lawsuits will be filed in Las Vegas before the end of the day.” Mr. West continued, β€œI have known and worked with Bill Frizzell and know, beyond a shadow of doubt, that his full intent has always been to work on behalf of the best interests of the CMKM shareholders. I am excited and honored to have his help.”

The Frizzell Law firm has hired Las Vegas attorney George Cromer as local counsel to file these first two lawsuits on behalf of the Company. Los Angeles attorney, Al Hodges, will be assisting the legal team as it proceeds.

Safe Harbor Statement:

This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.

Contacts
CMKM Diamonds, Inc., Las Vegas
Kevin West, 702-946-9497
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