BIB Holdings Ltd. Successfully Delisted from Berlin-Bremen Stock Exchange.Business Editors NEW YORK--(BUSINESS WIRE)--June 1, 2004 BIB Holdings Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BIBO BIBO Bounded Input, Bounded Output BIBO Beer In, Beer Out BIBO Blood in - Blood Out (gangs) BiBo Bulk In, Bags Out (shipping) ) announced today that it had successfully been delisted from the Berlin-Bremen Stock Exchange. The company had requested its counsel to seek immediate delisting when it had discovered that its stock had been listed without the company's prior knowledge, consent or authorization. The company believes that its shares had been listed on the Berlin-Bremen Exchange on or about March 1, 2004. "BIB Holdings, as well as more then 200 other U.S. publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , have been listed and traded on the Berlin-Bremen Stock Exchange without the companies' permission. The financial media has recently been reporting that this may be part of an effort by certain brokers to avoid U.S. restrictions against 'naked 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. .' Such practices may allow for market manipulation by selling non-existent shares of stock in an effort to force the price down," commented Gail Binder, BIB Holdings' CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . About BIB Holdings BIB Holdings Ltd. designs, manufactures, imports, sells and markets branded and non-branded apparel. The company has a showroom in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , a distribution center in Pennsylvania and a distribution center in Las Vegas, within a Foreign Trade Zone. The company designs, sources and markets a brand of high-quality jeanswear and apparel under the mSasson, Home Turf and New Terrain labels as well as private label. Product lines have included jeanswear, sportswear, underwear, loungewear lounge·wear n. Clothing suitable for relaxing. Noun 1. loungewear - clothing suitable for relaxation article of clothing, clothing, habiliment, wearable, vesture, wear - a covering designed to be worn on a person's and outerwear, as well as accessories such as suspenders, ties, hats, scarves, gloves, jewelry, backpacks and small leather goods. BIB Holdings Ltd. distributes its clothing via leading retailers throughout the United States and abroad. BIB has an exclusive multi-year license agreement with MARK TM, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to design, manufacture, promote and sell apparel under the mSasson brand name throughout the United States. For more information, visit the company's Web site at www.msasson.com. This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by 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. Those statements include statements regarding the intent, belief or current expectations of BIB Holdings Ltd., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully, the ability to complete before-mentioned transactions and other risk factors detailed in the company's Securities and Exchange Commission filings. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. |
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