SOURCE: OTC Report

June 17, 2005 09:08 ET

Auction Mills, Inc. Insiders Cancel 218 Million of Their 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 17, 2005 -- The OTC Report recommends Auction Mills Incorporated (OTC: AUML), which would like to clarify the press release from June 16, 2005. The company stated their plan to cancel 218 million shares outstanding, thus creating more value for current and future investors. The shares that are slated to be cancelled are currently owned by company insiders and not by the current shareholders. "We received a great amount of e-mails as well as phone calls regarding this matter and apologize for any confusion," said Jason Brola, Founder of Auction Mills, Inc. For more information visit http://www.vlcn.com/auml61705.htm

Other active stocks are Raptor Investments Inc (OTC: RAPT), Net2Auction Inc (OTC: NAUC) and Ivanhoe Energy Inc (NASDAQ: IVAN)

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