CXNM/Bio-Tracking Demands Immediate Delisting of Unauthorized Corporate Registration on the Berlin-Bremen Stock Exchange.Business Editors/High-Tech Writers MONTREAL--(BUSINESS WIRE)--June 9, 2004 CXNM/Bio-Tracking Security Inc. (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 OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CXIN), a leading provider of Biometric Security and Tracking technology, has learned that it is among more than 200 publicly traded U.S. companies illegally listed on the Berlin-Bremen Stock Exchange without any prior knowledge, consent, or authorization by the Company, its Officers or Directors. The company has instructed its attorneys to issue a cease and desist order An order issued by an Administrative Agency or a court proscribing a person or a business entity from continuing a particular course of conduct. The force and effect of a cease and desist order are similar to those of an Injunction issued by a court. to the Berlin-Bremen Stock Exchange for the immediate delisting and removal from trading of its shares. "During recent weeks our share price has unexplainably declined despite positive news, direction and improved financial results," reiterated Chairman, President, & 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. Mr. Michael Tremis. "We intend to further investigate this matter and are considering appropriate remedies against all parties responsible. From this day forward, any transactions executed of our stock on the Berlin-Bremen Stock Exchange will be deemed illegal and will be punishable to the fullest extent of the law. Further more, we instructed that each and every transaction executed since its inception and after this notice will be reported to us, with all information not withstanding Names, Times, Dates and Amounts, Traders, Market Makers, Brokerage Firms, Brokers, and Shareholders inclusively. We intend to prosecute all parties involved in such illegal trading practices to the fullest extent of the law," added Mr. Michael Tremis. Numerous media reports have suggested a broader scheme perpetrated by US and foreign-based brokers to force share prices down. The exchange may have been used to circumvent specific restrictions introduced by the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ) and Securities and Exchange Commission (SEC) in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. to prevent such manipulation. Recent allegations that such illegal activities have been set up "specifically to funnel money into terrorist hands", said columnist Jack Anderson of the Washington Merry-Go-Round. "I promised that one of my goals was to increase shareholder value, and believe you me I will leave no stone unturned to achieve this goal under the laws set forth. In addition, by terminating these fictitious and illegal trading activities in unauthorized markets and bringing it back to its original splendor we can instantly revive its true volume and supportive share price increase", expressed passionately Mr. Michael Tremis, Chairman, President & CEO. BIO-TRACKING SECURITY INC. Bio-Tracking designs and manufactures vehicle/asset tracking and security technology, based on a Patent Pending, wireless interconnection method real-time tracking system. With driver privilege control, remote shutdown, lock/unlock capabilities, GPS navigation, and tracking, biometric fingerprint identification, voice, and spectrum communication. We have added a division to focus on Homeland Security, International Counter-Terrorism, and Informative Risk-Management solutions. The company offers worldwide technical and sales support through its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. office. 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. STATEMENT Safe Harbor Statement under 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: The statements contained in this release which are not historical facts may be deemed to contain forward looking statements with respect to events, the occurrence of which involves risk and uncertainties including, without limitations to; demands and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow and manage its operations. |
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