Native American Energy Group Orders NOBO List to Clarify Ownership and Address Potential Short Positions.FOREST HILLS, N.Y. -- Native American Energy Group, Inc. (the "Company" or "NAEG NAEG Nevada Applied Ecology Group ") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets: NVMG) announced that it has ordered the latest NOBO NOBO (Non-Objecting Beneficial Owner) A beneficial ("street") security holder who has not objected to his or her name being released to the Corporation, if the Corporation so requests. information for analysis and comparison in order to clarify all owners of its issued and outstanding shares and address potential short positions in NAEG's stock that management believes needs to be researched and examined to ensure integrity in the marketplace for its shares. The NOBO list is a non-objecting beneficial owners list that offers the names and share positions of the clients of banks and brokers who hold their positions in street name. Company management elaborated that it will analyze current NOBO information to monitor shifts in shareholder positions, verify (non-objecting) beneficial owner Beneficial Owner A person who enjoys the benefits of ownership even though title is in another name. Notes: For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial and institutional positions, and collate col·late tr.v. col·lat·ed, col·lat·ing, col·lates 1. To examine and compare carefully in order to note points of disagreement. 2. To assemble in proper numerical or logical sequence. 3. NOBO provided data with that of other Company sources including the Company's transfer agent list. After comparing the NOBO list to the current transfer agent list, the company will be able to determine if there is a share imbalance or a significant failure to deliver position in their stock. If the Company's research and examination does find an imbalance in regards to the reported short positions, the company will act to correct the problem. "We will diligently review, examine and, in effect, audit our share numbers to give the Company a concise look at the specific ownership positions of NAEG's shares. The use of this information will increase the Company's visibility and emphasize our resolve to increase shareholder value through the fair and proper market valuation of our stock," commented, Director Richard Ross. About Native American Energy Group, Inc. (OTC Pink Sheets:NVMG) http://www.nativeamericanenergy.com/aboutus.htm NAEG's previous achievements can be accessed on the Investor Relations Investor relations The process by which the corporation communicates with its investors. page: http://www.nativeamericanenergy.com/investorrelations.htm 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: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States 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 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. |
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