June 23, 2005 09:10 ET

Auction Mills Starts Process to Cancel 218 Million Shares, Announces The OTC Report

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the OTC Report.

LAKE HARMONY, PA -- (MARKET WIRE) -- June 23, 2005 -- The OTC Report recommends Auction Mills Incorporated (OTC: AUML), which has started the process of canceling 218 million shares, owned by company insiders. The company would like to clarify the fact that the shares being cancelled are owned by company insiders and not the general public. The process should be fairly quick and the company will announce to the public, once completed.

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