News ArchiveCMKM Diamonds Appoints Mark Faulk as New CEOSeptember 11, 2008 Tyler, TX. CMKM Diamonds, Inc. CEO and Chairman of the Board Kevin West announced today that Mark Faulk has been named as the new CEO and President of CMKM Diamonds, Inc., effectively immediately. Faulk is a nationally recognized advocate for stock market reform, and has performed extensive research on CMKM Diamonds in the process of writing “The Naked Truth: Investing in the Stock Play of a Lifetime.” Kevin West will remain with the Company as Chairman of the Board, and will continue to assist in all aspects of Company business. Mr. Faulk stated: “I am honored to have been chosen to lead the Company as we move forward to return assets and value to CMKM Diamonds. I have spent the past five years advocating reform in our financial system, and this new challenge will allow me to put that knowledge to work in a practical way that will benefit CMKM and its loyal shareholders. Kevin West and general counsel Bill Frizzell have worked tirelessly on behalf of the Company, and their efforts should be applauded by all CMKM shareholders.” “This is not a passing of the baton, it is instead simply reinforcing the troops,” Faulk continued. “With the newly appointed Advisory Committee and Board of Directors, the Company has laid a strong foundation that is capable of meeting any challenges that CMKM may face. My immediate goal is to continue to add to that base, which will allow the Company to become even more aggressive in their legal battles and widen the scope of their efforts.” Faulk also said, “In the very near future, we plan to announce the expansion of our legal team to maximize our efforts to return real value to CMKM Diamonds. We are also in the process of filling positions for a Research Committee to aid the Company in its efforts. I intend to continue West’s plans to utilize CMKM’s greatest asset, which is its extensive and knowledgeable shareholder base. There is truly strength in numbers. While we intend to keep the door open for those who wish to negotiate settlements to atone for their actions against the Company, we will move forward aggressively in our legal efforts.” Chairman Kevin West states, “I want to thank the newly appointed Board of Directors and the Advisory Committee for their help, recommendations, and unanimous decision to select Mark Faulk as the new leader of this Company. I believe this is a high point in this Company’s history and Mr. Faulk is the most qualified person to take over the leadership role and move CMKM to the next level. I look forward to working with our new team as we continue to grow in strength and numbers.” Faulk also announced his resignation as CEO of Togi Entertainment, Inc., and wants to thank those who he has worked so closely with over the past two years. In order to avoid any conflicts of interest, The Faulking Truth Show on Toginet.com will no longer be aired. Co-hosts DeWayne Reeves and Mark Faulk will do one final show this Friday from 8:30-10 AM CST on www.toginet.com to discuss Faulk’s hiring, and will take calls from shareholders for the last half of the show. The toll free caller number is 1-877-864-4869. Faulk also intends to conduct a monthly CEO radio chat in order to keep shareholders informed about current developments, and to answer questions that shareholders may have about the Company’s activities. Also, a new Company phone line will be set up in the very near future, and will be posted on the company website. The Company requests that all phone calls be directed to the new company phone line so that legal counsel can maximize their time and efforts on the task at hand. CMKM also announced that, in addition to the new CEO and Research Committee, they are currently in negotiations to add several attorneys to the legal team to assist General Counsel Bill Frizzell in his actions on behalf of the Company. Contact:
CMKM Diamonds, Inc. Appoints New Board of Directors’ MembersAugust 14, 2008Tyler, TX. CMKM Diamonds, Inc. CEO and Chairman of the Board Kevin West announced today that shareholders Stan Polsom, Tom Stephenson, and Roger Summers have been named to the Company’s Board of Directors. With the recommendation of the newly formed advisory committee, the Company is now in negotiations with an individual to take over the leadership role as Chief Executive Officer. Kevin West will remain as the Chairman of the Board. Mr. West stated, “We will continue to forge ahead as we are determined to show our loyal shareholders and the entire business world that this Company will not only survive through the difficult times, but in the end it will flourish.” Mr. West continued, “Regardless of what many will say, we still believe after all this time that our shareholders are our biggest strength.” Roger Summers served eleven years as a US Navy Hospital Corpsman stationed with 1st BN Fourth Marines, and at the Naval School of Health Sciences in San Diego as clinical coordinator. He is currently president of OG Advisors LLC., providing subcontracted Corporate Due Diligence, Asset Tracking, and Investigations. Summers is also a clinical instructor in Radiography for a nationally-known medical institute. Summers said, “Having been a shareholder of CMKM Diamonds since March 2004, I am pleased to step forward and join the fight to reclaim what is ours. This company has faced many obstacles since Mr. West has taken over, yet he and our Corporate Counsel, Bill Frizzell, have met every challenge with courage, dedication and veracity. Together we will work to return legitimacy to this company by building upon the foundation laid by their efforts. I am honored to serve the shareholders of CMKM in building a viable, profitable business.” Tom Stephenson brings a wealth of knowledge and experience with public companies. Tom is a successful private businessman and understands what must be achieved to bring us credibility and longevity. His extensive 20 year background in the field of Information Technology will assist the Company in many of the diverse and complex undertakings it is in the process of resolving. Stephenson stated, “Our role as a team is to effectively represent and promote the interests of all shareholders with a view to adding long term value to the Company's shares. We are all committed and prepared to make any personal sacrifices to ensure that we fulfill that role. We intend to fulfill our goals by any and all means necessary and with honesty and integrity.” Stan Polsom brings a diverse background to CMKM Diamonds. He has a degree in Business Administration along with seven years experience in contract law and accounting, specializing in internal audits and control. Polsom has over a decade of training in the petroleum industry, and has been a successful developer and contractor for the past forty two years. CMKM was recently awarded a $33,675,365 judgment in a Nevada District Court against former company insider John Edwards. The Company plans to announce the appointment of their new CEO in the very near future and is rapidly moving forward with efforts to recover assets stolen from the Company and its shareholders. Contact: www.cmkmdiamondsinc.com
CMKM Diamonds, Inc. Awarded a $33,675,365 Judgment; Begins Search for a New ChairmanJuly 8, 2008Tyler, TX. On July 1, 2008 CMKM Diamonds, Inc. was awarded a $33,675,365 judgment in a Nevada District Court against one of the former insiders of the Company, John Edwards. Mr. Edwards was labeled as one of the two “masterminds” of the scheme to defraud investors of over $64 million in a lawsuit filed on April 7, 2008 by the Securities and Exchange Commission. The Company also announced today that it has begun the process of searching for a new Chairman. Current CEO and Chairman, Kevin West, stated “I am very pleased with the progress being made through the Company’s litigation. It is time to begin the search for someone with the business experience that is needed to move the Company forward.” Mr. West is currently appointing a seven member, shareholder based, “Advisory Committee” to help with this process. “Among many other qualities, the person we are looking for will be someone who can see the value of having a shareholder base of over 40,000 people from all over the world”, stated Mr. West. A new link has been added to the Company’s website at www.cmkmdiamondsinc.com for the submission of resumes to be considered for this position. Shareholders are encouraged to direct qualified prospects to this link. Contact:
CMKM Diamonds, Inc. Continues to Try and Identify ShareholdersJune 9, 2008Tyler, TX. In our efforts to continue to try to identify all of the shareholders of CMKM Diamonds, Inc. stock, current management of the Company would like to point investors that have been unable to procure physical stock certificates from their brokers to the UnShareholder.com website. www.UnShareholder.com is launching today to help identify the magnitude of individual investors unable to obtain stock ownership certificates and who perhaps inadvertently purchased illegal “naked short” or “phantom” electronic “entitlements” instead of actual shares. The scope of settlement failures in general has become a hot debate. Commonly referred to as the “naked short selling” problem, the real damage is caused by stock lending and settlement failures.* Of course, the end result is the same: an investor makes a payment but has no actual investment. That investor is not a “shareholder” because they don’t own shares. Instead, they are an UnShareholder. According to the website: If you requested a stock certificate from your broker and have not received it, you are an UnShareholder. If your brokerage account was changed to delete the shares of a company that you didn’t agree is “worthless”, you are an UnShareholder. If you received a 1099 with “non-qualifying dividends” when you believed you owned regular shares, you are probably an UnShareholder too. Attorney Al Hodges states, “The UnShareholder site has been developed and established by the Pasadena, California law firm of Hodges and Associates in an attempt to document the nature and depth of the UnShareholder problem as well as to identify individual investors whom have in good faith purchased publicly traded shares of stock but, for all the wrong and illegal reasons, are not entitled to receive them nor to enjoy all the indicia of ownership”.
Contact: CMKM Diamonds Inc., Tyler Hodges and Associates
CMKM Diamonds, Inc. Files Lawsuit and Wins Restraining Order Against Former InsidersMay 2, 2007Tyler, TX. As mentioned in the previous press release of 4-20-07, CMKM Diamonds, Inc. has recently received several boxes of corporate records revealing evidence not previously known to new management. CEO Kevin West states, “In response to this new information, I have asked Bill Frizzell to file suit in Nevada against some former Company insiders in an effort to attach some assets that I believe belong to the Company. Our investigation suggests that there may be legal action in the future against additional parties.” The Company filed the lawsuit and a request for a Temporary Restraining Order in Nevada state court on Wednesday, 4-25-07. The restraining order was granted on Monday, 4-30-07. The lawsuit and all attachments can now be viewed on the corporate website at www.cmkmdiamondsinc.com. Mr. West addresses all CMKM shareholders: “I cannot adequately express the gratitude I have towards the entire CMKM community for their resolve and support of our collective search for the truth. Our best chance of restoring value to the shareholders, as well as achieving some measure of justice, is represented by our current legal action. CMKM is fortunate to have such a significant shareholder base with a large number of passionate and resourceful individuals supporting our course of action. We are confident and optimistic that our goals are realistic and obtainable.” Shareholders have been inquiring how the Company can expect to maintain operations and fund legal efforts given the present shortage of assets and an outstanding share count of over 703 billion shares. These are legitimate questions. In response, at this time we present an overview of the Company’s present objectives (with more details to be outlined in future communications). The near-term focus of management will be to take action in pursuit of the following goals:
In the first of two CEO updates on 4/18/07, Mr. West mentioned an ongoing investigation by attorney Bill Frizzell “into the sale of bulk certs.” To this subject, Mr. West now adds, “We have evidence of the attempt by at least one specific large brokerage firm to purchase for itself, rather than simply transfer, such certificates. However, we will have an expert examining several suspect transactions.” All attorneys hired by CMKM Diamonds, Inc. have been instructed to respond only to the Company and the Frizzell Law Firm. Responding directly to shareholder inquiries does not presently represent the productive use of their time. Please support these directions given to the Company attorneys by not making any attempts to contact them. The Company intends to keep shareholders informed through the corporate website as events occur. Safe Harbor Statement:
CMKM Diamonds CEO Addresses All Shareholders of Current StatusApril 20, 2007Las Vegas, Nevada. “Dear fellow shareholders, I have information to share with you today that came to my attention just days ago. I received a delivery of several boxes of corporate records in the last couple weeks that have confirmed my very worst fears. In response to this new information, various legal actions will be a priority as we move to protect the best interests of shareholders. We were not able to finalize these necessary actions today as we had expected. We will put out another press release by mid next week to update you on this progress. When I first accepted the position of Interim CEO, I made a promise to myself and my family and friends that if I found there was not a real plan in place for the benefit of all shareholders, then I would come forward with the information I found. Not only am I going to share this information with you, the shareholders, but will do everything in my power to make sure that these individuals and entities will never be able to harm others in this same way again. The CEO continues, “When I started to work for CMKM in September of last year, I had high hopes and aspirations of making positive changes and forward progress in the evolution of this Company. Like so many of you, I believed that there was a plan in place that could not be revealed for one reason or another. However, after many months of failed promises, it was clear there was not a plan and no forward progress for our Company would ever happen until massive changes were implemented”. “In early January of this year, I contacted Bill Frizzell for his help. Within less than a week, Bill flew out to Las Vegas on his own time and expense with one goal in mind, to Current Status of Company As of March 29th 2007, the Company had 3 pending lawsuits, a Wells Notice from the SEC that was supposed to have been answered by March 9, 2007 (of which current management was totally unaware, until an official at the SEC contacted them on 4-10-07), and ongoing investigations by at least four government agencies. In addition there is documentation showing the forfeiture of all claims and mineral rights, no corporate records for the past 4 ½ years of business and taxes that have never been filed. The only tangible asset is a 45 million share certificate of Entourage Mining stock. Current Actions Since the Company has no available operating capital, Bill Frizzell has agreed to shoulder the current legal expenses. In order to handle the monstrous legal task at hand, Bill Frizzell has also agreed to interview, hire and direct a legal team that is now made up of several law firms from across the country. Because of the possibility of recoverable assets being brought back into the company, Bill is also hiring forensic specialists and professionals to file back tax returns, investigate past trading discrepancies, move the domicile of the company out of Nevada and audit the books, for the purpose of building a strong foundation to finally move our Company forward. As mentioned previously, the Company is in receipt of a Wells Notice from the Security and Exchange Commission. The Company is currently in direct communication with the SEC and is cooperating fully with their investigation. Copies of documents recently provided to the Company as well as confidentiality waivers of former Company attorneys that are waiting to talk to the SEC are being provided as requested. The Company has recently halted the transfer of a large bulk certificate to a major brokerage firm from a third party. A specialist will be hired to completely research and investigate both sides of this transaction along with the many recent transactions of possible insider sales of large bulk certificates Rumors of trust accounts with money and other assets that have been established for the benefit of shareholders or rumors of dividends to be paid to shareholders are absolutely not true. Those that are demanding the Company to pay out monies held for shareholders are feeding off of this false information. Rumors that our Company was set up as a sting on the markets are false. Any rumor that has not been identified by this press release should be considered to be untrue. The Company will only provide information to shareholders through an official press release on Business Wire or on the Company website at www.CMKMdiamondsinc.com. Outlook for the Future West continues, “I am 100% confident that no matter how things may look today, as a united front, we can rebuild this Company. We have to once again unite as shareholders to begin to make positive strides forward. As you can well imagine, there will be an even greater influence to try and divide us at this time, we have to become so united that nothing can stop us”. “Once we have cleaned up our current legal matters, add value back into the Company and have prepared financials to be audited, it will be my intent to assemble a Corporate Governance and Nominating Committee made up of shareholders to locate, interview and recommend the most highly qualified Board of Directors to lead this Company back to trading and into the future”. “I want to remind everyone that there are two ways to look at the above information. We can look at everything in despair and believe that there is no hope for the future of our Company, or we can quickly put the past behind us and know that we can now move forward and build a brand new Company, one that already has 40,000 - 60,000 shareholders, into something wonderful. This shareholder base is, and has always been, our strongest and most valuable asset. That said, I suggest that WE, as shareholders, choose to look forward with hope, strength and determination to build this shareholder base into a solid company. Safe Harbor Statement:
CMKM Diamonds, Inc. Provides Information Update to ShareholdersApril 5, 2007CMKM Diamonds, Inc. has obtained office space at 615 South Broadway (2nd floor) in Tyler, Texas. Phones, a fax line and internet service will be operational next week. The Company has instructed the law offices of Moran and Associates to cease any and all legal work on behalf of CMKM Diamonds until further notice. At this time, the Company has elected not to have a designated person in charge of investor relations. The Company will be releasing information through official press releases composed by active management. The Company has begun the construction of a website at www.CMKMdiamondsinc.com to further communicate with shareholders. The Company will use this website for posting of all documents and official court filings. “I want to wish all of our shareholders a Happy Easter and I sincerely hope that everyone will spend time with their families during this holiday weekend”. CEO Kevin West continues, “Rest assured that we are working daily on the company affairs. We will be providing another press release next week as our progress continues”. Safe Harbor Statement:
CMKM Diamonds, Inc Hires Frizzell Law Firm to Start the Process of Recovering AssetsMarch 30, 2007LAS VEGAS--(BUSINESS WIRE)—CMKM Diamonds, Inc is in receipt of the Shareholder Derivative Rights Demand letter that was prepared on behalf of the shareholders by Bill Frizzell. We are currently investigating many facts that will help us decide the best order of filing lawsuits in a quest to recover monies and assets that belong to the shareholders of this Company. The first order of new business was to hire the Frizzell Law Firm. The investigations conducted by the firm have uncovered many facts which have revealed the reasons for the issues that the Company now faces. The Company expects the first suit to be filed against two individuals. This suit is only the first of many suits that are being prepared. The details of these suits will be made available once they are filed. “It is my understanding that these first two lawsuits will be filed in Las Vegas before the end of the day”. Mr. West continued, “I have known and worked with Bill Frizzell and know, beyond a shadow of doubt, that his full intent has always been to work on behalf of the best interests of the CMKM shareholders. I am excited and honored to have his help”. The Frizzell Law firm has hired Las Vegas attorney George Cromer as local counsel to file these first two lawsuits on behalf of the Company. Los Angeles attorney, Al Hodges, will be assisting the legal team as it proceeds. Safe Harbor Statement:
CMKM Diamonds, Inc Announces a Change in DirectorsMarch 30, 2007LAS VEGAS--(BUSINESS WIRE)—On March 29, 2007, Urban Casavant stepped down as Chairman of the Board, sole Director, President, Secretary and Treasurer of CMKM Diamonds, Inc. “My health issues are forcing my resignation, but I believe that I have finally found the right man to take over at the helm”, stated Mr. Casavant. “Mr. West has proven his tenacity along with his care and concern for the shareholders of this company over and over again through an extremely difficult time. I want to thank you all for your continued loyalty and trust in spite of no news coming from the company for extremely long periods”, continued Mr. Casavant. Before resigning, Mr. Casavant appointed then current Interim CEO, Kevin West, to Chairman of the Board. “I want to thank Urban for having the trust and the faith in me to turn over the reigns of the Company so that I can have the authority needed to make decisions in the best interests of the shareholders. During the last several months, I have faced many challenges as have all of you. My ability to communicate was hindered which caused me much grief and frustration. That is all behind us now, and the communication issues have been eliminated. I want to personally thank Bill Frizzell for his unyielding efforts towards protecting the rights of the shareholders of this company.” West continues, “I look forward to the coming weeks and months ahead, as WE the Shareholders finally move forward together. More information to begin immediately.” Safe Harbor Statement:
|
Press Releases
|