BusinessMall.Com Corrects and Replaces Previous Announcement, BW2770, FL-BUSINESSMALL.COM.Business Editors NOTE: The following news release replaces and corrects the previous BusinessMall.Com news release, which ran earlier Monday on Business Wire, BW2770, FL-BUSINESSMALL.COM CLEARWATER, Fla.--(BUSINESS WIRE)--Aug. 14, 2000 BusinessMall.Com to Oppose Bankruptcy Petition Filed by Disgruntled dis·grun·tle tr.v. dis·grun·tled, dis·grun·tling, dis·grun·tles To make discontented. [dis- + gruntle, to grumble (from Middle English gruntelen; see Employee BusinessMall.Com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BMAL) announces today that late Friday afternoon an involuntary petition to place BusinessMall.com into Bankruptcy was filed on behalf of CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. Communications, Forcedmatrix.com and ITS Billing Services. All three of these entities are managed and beneficially owned by Damian Freeman, an employee of a subsidiary of BusinessMall.Com. The Company is in the process of investigating the conduct of Mr. Freeman. BusinessMall.Com intends to move vigorously to dismiss the petition which it believes is filed without merit and which management believes was filed in bad faith. "The Bankruptcy courts bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. were not designed to be manipulated by people like Mr. Freeman who are clearly trying to serve their personal agendas," said Barry L. Shevlin, 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. of BusinessMall.com. "We believe that the petition will be dismissed and the Company will take appropriate action against Mr. Freeman and his related companies," said Shevlin. About the Company and its subsidiaries: BusinessMall.com, a click and mortar company, integrates powerful high tech applications with unparalleled human-touch services to help business people successfully conduct business both online and in their day-to-day real world business. BusinessMall.com maintains a "satisfaction guaranteed Satisfaction Guaranteed may refer to:
This press release contains 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. . The words "intends", believes", "estimates", "pursuing" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date of the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject to include, but not limited to, the effect of government regulation, competition and other material risks. |
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