Accident Prevention Plus, Inc. Rebuts Release Put out by Integrity Securities LLC and Their Alleged Attempt to Induce Short Selling.Business Editors PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--Jan. 27, 2003 Accident Prevention Plus, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACPL ACPL Allen County Public Library (Ft Wayne, Indiana, USA) ACPL Autonomic Computing Policy Language ACPL Aircraft Certification Policy Letter (Canada) ACPL Asynchronous Concurrent Programming Language ). In an article and release put out by Integrity Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and written by Matthew Marcus, it was stated that Accident Prevention Plus, Inc. was attempting to become or already is a "certificate only" Company and was denied by DTC DTC See: Depository Transfer Check DTC See: Depository Trust Company DTC See Depository Trust Company (DTC). . Accident Prevention Plus, Inc. (ACPL) was mentioned in the article as a "certificate only" Company. Jennifer Swanson, CFO See Chief Financial Officer. and Executive Vice President stated the following: "This is just another attempt to induce short selling Short Selling The selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short sellers assume that they will be able to buy the stock at a lower amount than the price at which they sold short. against our and many other Companies. These statements made referring to our company were inaccurate and I have contacted the author to demand a retraction and apology. Our management has always believed that the road to fighting the short sellers is not through smoke and mirrors but by the development and marketing of our products and increasing our revenues, which from our last release the investors can see we have made great strides and our direction is prosperous. Unfortunately, it seems to be impossible to monitor and analyze all information that is put out on various OTCBB companies by these individuals, but, as in this case, when we are able to catch it we intend to fight it and use any and all resources to rectify these situations. We will never get rid of the short sellers but we will fight them tooth and nail. "To all shareholders and possible investors, we suggest that you contact the Company directly for truthful, honest and accurate information. As you can see by our filings and our press releases, we are strong and moving in a positive direction. Management has taken a `no tolerance' stance against false information being put out to the public." Accident Prevention Plus, Inc. (ACPL), located in Palm Beach Gardens, FL, is a technology company which designs, manufactures and distributes On Board Recorders for all types of vehicles. The Company specializes in the safety, economic enhancement and security for vehicles, drivers and cargo. Our products are sold worldwide. Our engineers design all our software and firmware, as well as any hardware we require. Accident Prevention Plus, Inc. owns all of its intellectual properties. For IR package call 561/721-2220. This press release contains certain forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are based on management's current expectations of beliefs and are subject to a number of factors and uncertainties that could cause actual results, levels of activity, performance or achievements to differ materially from those described. |
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