GEMM Announces Numerous Inquiries to Purchase Production.RENO, Nev.--(BUSINESS WIRE)--Aug. 10, 1998--Juina Mining Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GEMM GEMM Global Electronic Music Marketplace (website) GEMM Gilt-Edged Market Makers (bank) GEMM Global E-Commerce Mega Marketplace (online superstore) - - news) Monday announced the numerous inquiries to purchase production. As GEMM moves closer to the September start-up date for the milling plant, the company has been receiving numerous inquiries and requests from the diamond manufacturers throughout the world to purchase the production. Recently the firm of Kashish Diamonds Inc. was added to the list. Rajesh Bhagat, president of Kashish, stated: "We have been both rough and polished diamond dealers for over 25 years. Our principals are also sight-holders with De Beers. We have been purchasing diamonds from the Juina region since 1991, and maintain an international distribution network." GEMM remains on target for the scheduled September start-up date. A key part of the production circuit includes High Force magnetic separators to remove both highly and weakly weak·ly adj. weak·li·er, weak·li·est Delicate in constitution; frail or sickly. adv. 1. With little physical strength or force. 2. With little strength of character. magnetic material. The unique part about this installation is that the magnetics are removed prior to gravity separation, allowing for an increased flow-through. The magnetic separators are supplied by INPROSY -- International Process Systems Inc. of Golden, Colo. Three units will be shipped in mid-August for the scheduled start-up. Juina Mining is a diamond resource and exploration company with exclusive rights to a mining and mineral concession on 1,000 hectares (2,471 acres) located in Juina, Mato Grosso Mato Grosso (mä`t  grô`s) [Port.,=thick forest], state (1996 pop. , Brazil. Visit the
company's Web site at www.juinamining.com.Except for the historical information contained herein with regards to the plan for commencing plant operations, the matters discussed in this news release contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , as defined in Section 27(A) of the Securities Act of 1933 and Section 21(E) of the Securities Exchange Act of 1934, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. . Such forward-looking statements, and information involve risks and uncertainties, including but not limited to, late delivery of vendor supplies, equipment or services that may cause production delays, primary customer order rates, cancellations, and dependence on certain customers of the company's specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. business products. Other certainties related to the company's business and securities which are traded over the counter, are outlined in the information and materials available upon request. For more information, contact the Investor Relations Investor relations The process by which the corporation communicates with its investors. Division of Kit Bromley & Co. Inc., 310/689-1026.
CONTACT: Kit Bromley & Co. Inc.
Investor Relations, 310/689-1026
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