sos.state.nv.us
Dean Heller
Nevada Secretary of State
PRESS RELEASES
August 20, 1999
EX-CON ARRESTED DURING SECURITIES INVESTIGATION
Las Vegas, NV - Today, the Nevada Secretary of State, Securities Division, issued a Summary Order revoking all exemptions from registration for the securities of Uniprime Capital Acceptance, Inc. The securities traded on the Bulletin Board under the symbol 'UPCA'.
Secretary of State, Dean Heller stated, "The viability of the stock market is based on full and fair disclosure so that investors may make informed decisions. At this point there is insufficient reliable information available to investors to allow them to make an informed investment decision relating to the securities of Uniprime."
Uniprime has been the center of a recent controversy relating to a treatment called Plasma Plus which allegedly reversed the HIV virus in five AIDS patients in Spain. Based on the announcements issued by Uniprime, the stock price shot up from under $1.00 to approximately $7.94 per share. Because of the wild volume and trading swings, the stock was suspended from trading by the Securities Exchange Commission on July 22 for ten days.
On August 12, 1999 the Division participated in the execution of a search warrant on Uniprime with Postal Inspectors from Las Vegas and New York. On the same day Albert Flores, the alleged developer of Plasma Plus, was arrested by the Postal Inspectors. Mr. Flores has an extensive criminal history which includes serving time at a Colorado State Facility from 1983 - 1992. He is also wanted on two warrants from Colorado. The Securities Division contacted the appropriate authorities from Colorado to let them know that Mr. Flores is in custody.
Based on the trading of the stock, news releases by the company, failure of the company to claim what exemption from registration it was using to sell stock from Nevada, and other problems associated with the company, the Division issued the Order which prohibits anyone from selling Uniprime stock in Nevada until the stock is registered with the Securities Division.
The Secretary of State, Securities Division regulates the offer and sale of securities in Nevada. Information for investors can be found on the web site under investor education at sos.state.nv.us or by calling 1-800-758-6440. For information on the licensing status of your investment professional call 1-800-758-6440.
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