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Gold/Mining/Energy : JAB International (JABI)

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To: Martin Wormser who started this subject4/3/2001 3:02:10 PM
From: PL Wilson   of 4571
 
Company Press Release (J. A. B. International Inc. files year 2000 10-KSB). ORLANDO, Fla.--(BUSINESS WIRE) – April 3, 2001, -- J.A.B. International, Inc. (NQS: JABI) has worldwide mining operations in the Central African Republic (CAR), Honduras, and Northern California.

JAB’s Chairman & CEO Jefferson Adams Bootes announced today that the company has filled their 2000 year end 10-KSB and plans to have all filings current by weeks end.

JAB’s CFO and Audit Committee Chairman Stephen Durland stated the delays were caused by the lack of complete and accurate financial records available from the merger with Brush Creek Mining & Development Co in April of 1999.

JAB has recently announced a $12,000,000 debt funding a 3 for 1 forward stock split that became effective January 25th and an agreement with Universal Resources Group to harvest timber on JAB’s property in Honduras.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, the Company's ability to market its products and services and future customer acceptance for these products and services and other risks detailed from time to time in company documents furnished to investors.
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