DENVER, June 2, 2005 (PRIMEZONE) -- International Precious Minerals Group, Inc. (Pink Sheets:IPMG) is pleased to announce that the predecessor company, Number Nine Visual Technology Corporation (Pink Sheets:NNVT), has begun trading its shares under the symbol "IPMG" and has selected a new Transfer Agent.
The Board of Directors and majority shareholder agreed to a reverse stock split of one (1) common share for every one hundred (100) common shares, to be effective as of May 5, 2005. Fractional shares were not to be issued, but were rounded down to the next whole share. Previous shareholders of Number Nine Visual Technology Corporation should contact their brokers about the split and should not send the certificates directly to the Transfer Agent but rather to their brokers.
The Board of Directors approved a new Transfer Agent:
Capital Transfer Agency Inc. Suite 2020 - 390 Bay Street Toronto, Ontario M5H 2Y2
Capital Transfer Agency Inc. provides services to clients listed on the TSX-V, CNQ, NYSE, AMEX, NASDAQ, OTCBB, Pink Sheets, as well as privately operated companies. For more information, contact Lisa Mehta at (416) 350-5007 or at info@capitaltransferagency.com.
International Precious Minerals Group, Inc. is a mineral exploration company focusing on gold and other precious mineral deposits predominantly in South East Asia and Africa. For more information, contact Jay Howson at (720) 222-1038 or at info@ipminerals.com.
This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995). Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, and political and other business risks, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which International Precious Minerals Group, Inc. has little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. International Precious Minerals Group, Inc. expressly disclaims any obligation to update the statements contained in this release.
On Behalf Of International Precious Minerals Group, Inc.