Amazon Natural Treasures Obtains Restraining Order From U.S. District Court/District of Nevada Including the Immediate Return of 4,480,000 Free Trading Shares to Company's Transfer Agent.LAS VEGAS--(BUSINESS WIRE)--Sept. 11, 1998--Amazon Natural Treasures, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BB AZNT) today announced that the United States District Court for the District of Nevada The United States District Court for the District of Nevada is the Federal district court whose jurisdiction is the state of Nevada. The court has locations in Las Vegas and Reno. today ordered that Defendants, Joseph Andy Mann, First Concorde Securities, Whitecliffe Investment Fund Ltd., Shoreline Securities Ltd., Canaccord Capital Corp., Citibank, and JB Oxford are enjoined from trading, selling, transferring, assigning or otherwise hypothecating any or all of the 4,000,000 shares of stock in their, or their agents possession and that the 4,000,000 shares be immediately returned to the Company's transfer agent, TranSecurities International. The Court also ordered that the same defendants are enjoined from trading, selling, transferring, assigning or otherwise hypothecating any or all of the borrowed 480,000 shares and that the shares be immediately returned to the Company's transfer agent, TranSecurities International. Michael Sylver, President, commented, "The long and arduous journey we have taken to prevent illegal transfer and shorting of stock has been brought to an end by the judicious ju·di·cious adj. Having or exhibiting sound judgment; prudent. [From French judicieux, from Latin i actions of the Court. The Company will now, as promised, begin the process of reissuing shares with a five percent dividend. We are most grateful to the shareholders who understand the Company's great prospects for the future. It was with our shareholders in mind for whom we took action to prevent the rampant shorting, effecting both Bulletin Board and NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on companies, from precluding our growth. Amazon is well-positioned to achieve its strategic objectives and can now focus all energy on the future of our business." Except for historical data, matters discussed in this release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , as it is defined in 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. Such forward-looking statements are subject to a number of known and unknown risks and uncertainties including, but not limited to, product and technology development, demand, impact of competitive products and pricing, market acceptance, as well as availability of human and financial resources; which may cause actual results to differ materially from those expressed in any forward-looking statements made on or behalf of Amazon. CONTACT: For further information contact: Investor Relations Investor relations The process by which the corporation communicates with its investors. - Cynthia DeMonte Telephone: 212-473-3700 |
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