SOURCE: Jaguar Mining Enterprises, Inc.

August 27, 2009 08:30 ET

Jaguar Mining Enterprises, Inc. Completes Reverse Merger With ACI Telecentrics, Inc.

RICHMOND, TX--(Marketwire - August 27, 2009) - Jaguar Mining Enterprises, Inc. (PINKSHEETS: JAGR), an independent mining company engaged in the acquisition, development, and exploitation of iron ore primarily mined in Mexico, announced today the completion of its reverse merger with ACI Telecentrics, Inc. ("ACIT"). In accordance with the Plan of Merger, ACIT's name was changed to Jaguar Mining Enterprises, Inc. and it began trading under its new symbol "JAGR" on July 31, 2009.

"We are very pleased to become a public company. The completion of this transaction enables us to broaden our investor base, create a liquid market for our stock, and financially support the accelerated growth of our business as we strive to become a leading junior mining company focused on the extraction of iron ore from mines primarily located in Mexico. We see this merger as an important milestone in achieving the goals we have laid out for our company over the next 12 to 24 months, and have now begun our next phase of growth," said Mr. Dale Williams, Chief Executive Officer of Jaguar Mining Enterprises.

ACIT stockholders received one share of the combined company's common stock for each issued and outstanding share of ACIT common stock, and in exchange for 100 percent of the outstanding capital stock of Jaguar, the Jaguar stockholders received 33 million shares of the combined company's common stock, which represents approximately 54.7 percent of the combined company's common stock following the Merger.

About Jaguar Mining Enterprises, Inc.:

Jaguar Mining Enterprises, Inc. is an independent mining company engaged in the acquisition, development, and exploitation of iron ore primarily mined in Mexico. The Company specializes in the exploitation of iron ore mines with proven reserves. The Company's strategy is to locate, acquire and develop mine locations that contain sufficient quantities of iron ore and require minimal start-up costs. For additional information regarding Jaguar Mining Enterprises please visit:

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.

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