Re: 11/7/00 - [TSRG] Trans Energy, Inc., Announces the Implementation of Its 'Corporate Electronic Medium Policy' and Comments on SEC Rule F.D.
Trans Energy, Inc., Announces the Implementation of Its 'Corporate Electronic Medium Policy' and Comments on SEC Rule F.D.
ST. MARYS, W.Va., Nov 7, 2000 /PRNewswire via COMTEX/ -- Trans Energy, Inc., (OTC Bulletin Board Symbol TSRG) announced today the implementation of its official "Corporate Electronic Medium Policy". Said policy is hereby put into effect this date, and the formal stance therein, is that officers, directors, employees, consultants and/or affiliates shall not be subjected to slanderous or libelous statements of fact falsely spread via any and/or all electronic medium, i.e.: chat and/or message board forums.
Chairman and CEO, Loren Bagley, stated, "Our goals at TSRG are to create, preserve and protect shareholder value. Irresponsible personal behavior that attacks a Public company, thereby creating market fluctuations and decreasing shareholder value is in fact irresponsible behavior, and shall not be tolerated."
Further, whether it be bored vindictive individuals, or paid personnel acting as co-conspirators in concert, with the sole aim being to erode shareholder confidence and diminish stock prices, these specific actions are injurious and cause extreme market manipulation (MM). Mr. Bagley ended his statement with, "although the Energy Business is an 'Old Economy' business model, we at TSRG are ever vigilant of the New Economy" tools that are available and wish to use them to our advantage in communicating regularly with our long term shareholders. We at TSRG are implementing an Investor Relations Department which shall regularly monitor the electronic mediums currently available to safeguard against any irregularities that may exist. We welcome the feedback and input from our valued shareholders in bringing to our attention any slanderous, libelous, inflammatory or fraudulent statement of fact, which would prove negative or harmful regarding the viewed public perception of TSRG".
Destructive behavior shall not be tolerated, and said behavior shall be swiftly and aggressively remedied to the fullest extent of the law.
In conjunction with the aforementioned statement, TSRG additionally announces this date that to fully comply with the new SEC Rule F.D. pertaining to full disclosure to investors, that all future news and/or press releases shall be issued via the wire by the Company's Corporate Public Relations firm. "TSRG seeks to express to our valued investors that we are a public company, consequently we cannot and shall not discuss future business yet to be released on an individual basis. We endeavor to be in full compliance with the new regulation, and will not speak to individual investors prior to news being released," said Loren Bagley.
An aggressive-growth energy company, TSRG specializes in the transportation and sales of natural gas and oil reserves, TSRG is also involved in energy Production, exploration and development. Trans Energy has launched a comprehensive business expansion Program which includes acquisitions, mergers, and joint ventures.
This report contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements contained herein are reasonable, no assurances can be given that such expectations will prove to have been correct. Any statements made herein should not be considered guarantees of future positive corporate or stock performance.
Source: Trans Energy, Inc.
Contact:
Trans Energy, Inc., 304-684-7053
URL: transenergy.net
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