Admax Resources, Inc.
OTC Bulletin Board : AMXU

January 30, 2007 17:53 ET

Admax Resources, Inc.: Trading Symbol Changed from ADXI to AMXU

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 30, 2007) - Admax Resources, Inc. (OTCBB:AMXU), a publicly traded company, has consummated a mandatory forward stock split of the common stock of the Corporation on the basis of exchanging one (1) existing share of common stock for ten (10) shares of post forward split common stock, the forward split being effective January 29, 2007, with any fractional shares that would result from this action being rounded up to the next whole share. In connection with this change, NASDAQ awarded the Registrant with a new trading symbol of "AMXU", effective January 29.

About Admax Resources, Inc.:

The Company acquired a mineral property located in the Province of British Columbia, Canada in 2005 and has not yet determined whether this property contains reserves that are economically recoverable. The Company has started exploration.

We hired a geologist to issue a progress report covering the property. Further, we conducted a reconnaissance exploration program. The field work consisted of prospecting, geological mapping, and sampling. Rock exposures samples were taken and had been sent for plasma and geochemical analysis.

Additional reconnaissance geological work has been completed. Samples were taken and sent for testing. The samples showed no significant mineralization.

If we find mineralized material and it is economically feasible to remove the mineralized material, we will attempt to raise additional money through a subsequent private placement, public offering or through loans. If we need additional cash and can't raise it, we will either have to suspend activities until we do raise the cash, or cease activities entirely. If we can't find any mineralized material or it is not economically feasible to remove the mineralized material, we will have to cease activities and focus on the new market: the media and entertainment industry in China.

Forward-looking statements

This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.

The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.

Contact Information

  • Admax Resources, Inc.
    Investor Relations
    (604) 601-8274