Deliver Your News to the World

CybeRelease: (OTC: SAOL) Plans To Be A Fully Reporting Company


(CybeRelease, November 6, 2006) - Lake Harmony, PA - Sao Luis Mining, Inc. (OTC PK: SAOL), a diamond mining and precious metals exploration company, announced that it has initiated the process to become a fully reporting company under U.S. Securities and Exchange Commission (SEC) regulations. Presently Sao Luis Mining is a non-reporting company trading on the U.S. over-the-counter (OTC) Pink Sheets as well as on the Frankfurt Stock Exchange, the world’s third largest securities exchange.

“Our aggressive acquisition of mineral rich diamond properties, coupled with the Company’s recently acquired permit to begin diamond mining on Property 117 in Brazil, has put us well ahead of our strategic business plan,” says Jack Lake, the Company’s Chairman and President. "For these reasons, we will accelerate our efforts to become a fully reporting company to further enhance investor confidence, lower the cost of capital to increase our mining operations, and to attract institutional investors.

“As a first step, we will begin the auditing of our company operations and its mining assets in Brazil,” continues Mr. Lake. “We will then prepare the appropriate SEC filings and anticipate a transition to reporting status sometime next year.”

Sao Luis Mining recently announced that it received the Guia de Utilizacao Permit from Brazil’s Department of National Mineral Production (DNPM), allowing the Company to commence mining operations on its Property 117. The Company anticipates results similar to its Property 231, which is located adjacent to Property 117. To date Property 231 has produced over 175,000 carats of diamonds since 2000 and delineated over 12,695,000 carats of diamonds.

To read the complete release, go to

For a Free Newsletter, go to

CybeRelease Gainers are Sirius Satellite Radio Inc. (Nasdaq: SIRI), XM Satellite Radio Holdings Inc. (Nasdaq: XMSR), Telenor ASA (Nasdaq: TELN), Kos Pharmaceuticals, Inc. (Nasdaq: KOSP), Progenics Pharmaceuticals Inc. (Nasdaq: PGNX),, Inc. (Nasdaq: TRFC), Evergreen Solar, Inc. (Nasdaq: ESLR) and Encysive Pharmaceuticals Inc. (Nasdaq: ENCY).

CybeRelease Decliners are Adolor Corporation (Nasdaq: ADLR),, Inc. (Nasdaq: OSTK), Arris Group Inc (Nasdaq: ARRS), Multi-Fineline Electronix, Inc. (Nasdaq: MFLX), Lawson Software, Inc. (Nasdaq: LWSN), Charter Communications, Inc. (Nasdaq: CHTR), Sina Corporation (Nasdaq: SINA) and Fundtech Ltd. (Nasdaq: FNDT).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without
notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes
only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $500.00 for the publication of
this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.


This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.