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General Metals Corporation (OTCBB: GNLM) confirms that on July 4, 2007 a Confidentiality Agreement was mutually executed which gives General Metals 90 days to exclusively review and undertake due diligence with the aim of purchasing the Ofelia Gold Mine located in Sonora, Mexico about 30 miles south of the Arizona border. The Ofelia mine represents another near term production opportunity for about 200,000 ounces of reported gold. There is exploration potential for up to 500,000 ounces of gold according to reports on work conducted by Canadian Companies who conducted substantial drilling in1997. The work is not yet SEC Industry Guide 7 compliant, but the Company intends to bring it into compliance should we complete this acquisition.
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Family Room Entertainment Corporation (OTCBB:FMLY), in accordance with Regulation "FD" (Full Disclosure), would like to announce that on June 28, 2007, Co-chairman and CEO, George Furla has purchased 23,976,000 shares of FMLY on the open market at a per share price of US$0.0004 and on June 29, 2007, Co-chairman and CEO, George Furla has purchased 25,000,000 shares of FMLY on the open market at a per share price of US$0.0005.
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China Sky One Medical, Inc. (OTC Bulletin Board: CSKI), a manufacturer, marketer and distributor of pharmaceutical, medicinal and diagnostic products in China, today announced that its facilities and products passed a surprise inspection by China's State Food and Drug Administration ("SFDA") on June 28, 2007. Government officials and industry professionals working for the SFDA inspected the Company's production process, including the quality of raw materials, final packaging, consumer instructions, as well as stock-keeping methods.
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