General Metals Corporation Clarifies Recently Published Financials
JERSEY CITY, N.J., Feb. 2 /PRNewswire-FirstCall/ -- General Metals Corporation ("GNLM" or the "Company") (OTC Bulletin Board: GNLM) announced that it has come to the Company's attention that outdated and potentially misleading information is being published and circulated by sources other than the Company and without the Company's knowledge or authorization through various Internet portals and email investment newsletters. The Company believes that this information is being posted and published by potential short-sellers in the Company's stock in an effort to sully the markets perception of the Company and its potential in light of its recent acquisition of General Gold Corporation and achieving recent highs in the market. Recently, outdated financial information has been published that accurately depicts the financial state of the Company while it was a shell company but not as it is currently with its recent acquisition. An 8-k containing the proforma financial position of the Company post-closing will be forthcoming once certain standard closing conditions are met with General Gold. Interested parties should review General Gold's financials and history at www.generalgold.com. Additionally, interested parties should review the Company's filings on the SEC's EDGAR website (www.sec.gov) to review all of the Company's filings, including the Forms 4 and 5 which show 6,100,000 shares being returned to treasury in September of 2005 as filed by management to gain an accurate picture as to their respective stock holdings. Safe Harbor Disclosure -- This Press Release contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of and General Metals Corporation. For this purpose, any statements contained herein or incorporated herein by reference that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the forgoing, the words "anticipate(s)," "believe(s)," "expect(s)," "intend(s)," "plan(s)," "potential(ly)" and similar expressions are intended to identify forward- looking statements. There are a number of important factors that could cause actual events or actual results of GNLM to differ materially from those indicated by such forward-looking statements.
SOURCE General Metals Corporation
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