Incomnet responds to Dorfman allegations.WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Jan. 17, 1995--Incomnet Inc. (Woodland Hills) said that it is categorically false that the company is under investigation by the Securities and Exchange Commission or any other regulatory body for ``unfair and unethical sales practice'' as reported on CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. by Dan Dorfman Dan Dorfman (Born Oct. 24, 1931) is a columnist for the New York Sun newspaper. Dorfman was a prominent CNBC commentor in the 1990s and a columnist for Money magazine. . In fact, the company has just successfully completed two registration statements with the SEC with no review, the most recent one having been completed Jan. 10, 1995. ``It is unconscionable Unusually harsh and shocking to the conscience; that which is so grossly unfair that a court will proscribe it. When a court uses the word unconscionable to describe conduct, it means that the conduct does not conform to the dictates of conscience. that Mr. Dorfman could make such an obviously false statement without bothering to speak to an officer of the company for verification,'' said Sam D. Schwartz, chairman of Incomnet. Incomnet said that it agrees with the statement issued Monday by the Coca-Cola Co. that ``Dan Dorfman does not have a clue.'' Incomnet feels Dorfman should be pulled off the air for false and misleading statements and for apparently getting his information from highly questionable sources. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. 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 sources, the short interest on the stock has risen to more than 1.5 million shares, which represents approximately 40 percent of the floating supply. The interests of Dorfman seem to be tied directly to the interests of certain short interests. CONTACT: Incomnet Inc., Woodland Hills Sam D. Schwartz, 818/887-3400 |
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