FRANKFURT, Germany, Sept. 4, 2008 (GLOBE NEWSWIRE) -- Accesmed Inc. (Pink Sheets:ACSM), a Delaware corporation, acquired 100% of the issued and outstanding capital stock of Kinti Mining Zambia and Kinti Mining Tanzania, subsidiary companies of The Kinti Group Inc., a private Ontario corporation. Accesmed also acquired all the assets and goodwill owned by the subject subsidiaries including mining concessions for precious metals, copper, and uranium.
The mining concessions included were:
Fimpimpa West (Zambia) Copper resources Nchinke (Zambia) Uranium resources Singida (Tanzania) Gold resources Bahi (Tanzania) Uranium Resources Itigi Manyoni (Tanzania) Uranium Resources Mpanda (Tanzania) Platinum Resources
In return, The Kinti Group Inc. received 43,000,000 shares of Accesmed's single class of common stock. Accesmed's authorized capital presently consists of 50,000,000 common shares, and no preferred shares of capital stock, of which, as of the date of the sale, 6,718,199 common shares were issued and outstanding and no shares, warrants or options were reserved for issuance.
Mr. Michael Friedman, the sole member of the board of directors for Accesmed, unanimously consented to change the name of Accesmed Inc. to Kinti Mining Limited.
Mr. Michael Friedman resigned from the board of directors of Kinti Mining Limited, formerly Accesmed Inc., and a new board of directors was appointed including: Mr. Gus Gualdieri and Mr. Michael Cichon. Both, Mr. Gualdieri and Mr. Cichon are directors of the Kinti Group Inc.
About Kinti Mining Limited
Kinti Mining Limited, trading symbol A11.FRA, is a mineral exploration company with an overriding focus on uncovering and assembling undervalued resource properties or companies. With such inventories it expects to build stakeholder wealth through the public markets, along with being able to offer, other public companies, properties on a wholesale basis in exchange for a combination of free trading company stock and/or cash.
Cautionary "Safe Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995. Some of the information included in this press release and other documents by Kinti Mining Limited (as well as information included in statements made by its representatives, about information about the business it is engaged in or proposes to engage in or about acquisitions) may contain forward looking statements. Such statements may refer to other adjacent properties and companies and their announced / reported / released estimates. Although KINTI is encouraged from its property(s), there is no assurance that the same or similar results, or mineralization will be found on KINTI's property(s). Forward looking statements that do not relate strictly to historical or current facts, often will be phrased in the future tense and may include the words "may," "could," "should," "would," "believe," "expect," "anticipate," "estimate," "intend," "plan" or other words or expressions of similar meaning. Forward looking statements that relate to Kinti Mining Limited ("KMLD") or its present or proposed business are based on KINTI's current beliefs and expectations about future events and include statements that reflect management's beliefs, plans, objectives, goals, expectations, anticipations and intentions with respect to KINTI's financial condition, results of operations, future performance and business, including statements relating to KINTI's business strategy and Kinti Mining's current and future development plans. Factors that could cause actual results to differ materially from projections include, among others, precious metals prices, decisions and activities of the operator of the various properties, unanticipated grade, geological, metallurgical, processing or other problems the operator may encounter, changes in project parameters as plans continue to be refined, economic and market conditions, as well as other factors described elsewhere in this press release or any other filings submitted by KINTI. In addition, acquired royalty interests on certain projects are subject to risks associated with conducting business in a foreign country, including application of foreign laws to contract and other disputes, foreign environmental laws and enforcement and uncertain political and economic environments. Most of these factors are beyond the Company's ability to predict or control. The Company disclaims any obligation to update any forward-looking statement made herein. Readers are cautioned not to put undue reliance on forward-looking statements.