Tuesday June 8, 8:58 am Eastern Time
Company Press Release
SOURCE: CostPlusFive.com
CostPlusFive.com Rescinds Sale of 6,240,000 Shares of Common Stock
OXNARD, Calif., June 8 /PRNewswire/ -- The Law Office of Kenneth G. Eade announced today that CostPlusFive.com (OTC Bulletin Board: USAV - news) has rescinded the issuance of an aggregate of 6,240,000 shares of its common stock to investor's Equity Corp., Joe Elizondo, Western Horizon, Inc. and Wall Street Trading Group on the grounds of failure of consideration. Of the 6,240,000 shares, 2,960,000 shares were free-trading thereby reducing the float to 2,360,000. As of the audited financials dated March 31, 1999, there were 19,842,000 shares outstanding inclusive of those just rescinded. The Company is in the business of computer hardware sales through its Internet website costplusfive.com. Official Notices of Rescission of the shares were served on June 7, 1999.
For more information, contact Kenneth G. Eade at ipo@ab-securities.com or 805-487-0403, 805-483-7634.
This press release may contain forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from the statements contained herein. Such risks and uncertainties include, but are not limited to changes in the performance of the financial markets, changes in the demand for and market acceptance of the Company's products and services, changes in the mortgage and Internet industry, and the impact of competition and other risks disclosed from time to time in the Company's regulatory reports and filings.
SOURCE: CostPlusFive.com
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