From 1995 to 1999, Mr. Calderone was the President of Marketing Direct Concepts , Inc., a financial public relations firm.
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Search Results For : Marketing Direct Concepts Total Results : 63
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Re : Saf-t-lok and CYBR, I already know why Taylor Stuart reiterated their buy recommendation so many times, go to nasdr.com and plug in state street and four entities came up. Now I know that STATE STREET SECURITIES, INC. and TAYLOR STUART FINANCIAL are the same company because on searches the have the exact same Business Phone Number 516-616-2400. This is the same company but they did a name change according to NASDR. It is the same company that put out the buy recommendations on Saf-t-lok and CYBR. Taylor Stuart Financial has put out a press release for a strong buy on CYBR, then put out a reiteration of the strong buy, then put out a reiteration of the reiteration of the strong buy. The many CYBR longs were quick to post the recomendation all the time. This is what it really is worth;
Title: Quantum Group, Ltd. Reiterates Sell Recommendation, Sites Company Filings
Summary: Quantum Group, Ltd. stated that there were over two million dollars in incentives to State Street Securities, Marketing Direct Concepts and a Business Consulting firm (A.B. and Associates). Saf-T-Lok, Inc. (Nasdaq: LOCK) did an offshore stock placement of 1,500,000 shares to three offshore companies all having the same president. The gross proceeds of this stock sale were three million dollars. Out of these proceeds Saf-T-Lok paid $375,000 to Marketing Direct Concepts, $250,000 to A.B. and Associates and $465,000 to State Street Securities. At no time did Quantum Group, Ltd. report that State Street Securities ever received compensation in the form of stock or warrants
Saf T Lok, Gun-Safety Lock Maker, Settles Civil Fraud Case
Washington, Dec. 20 (Bloomberg) -- Gun-safety lock manufacturer Saf T Lok Inc. and two officials settled civil fraud charges regarding statements about the company's prospects for making $20 million in sales, U.S. regulators said.
Chairman Franklin W. Brooks, 66, and ex-president John. L. Gardner, 64, published press releases and made filings with the Securities and Exchange Commission claiming the West Palm Beach, Florida, company had a distribution agreement that would result in sales of at least $20 million in company products, the SEC said.
Instead, the distributor, United Safety Action Inc., had only contracted to buy $1 million of Saf T Lok products and lacked the financing to purchase more, the SEC said.
``Certainly, there was no deliberate wrongdoing,'' said Robert Ruben, lawyer for Brooks, Gardner and Saf T Lok. ``Was it an oversight? All I can say is that the company and individuals thought at all times they were acting in the best interest of the company.''
Ruben said no company insider profited from the press releases and filings.
Brooks and Gardner, who neither admitted nor denied the allegations, each agreed to pay a $55,000 civil penalty, the SEC said. They also agreed not to violate the SEC's antifraud rules in the future.
In a separate administrative proceeding with the SEC, the firm agreed to ``cease and desist'' from further violations of SEC antifraud rules.
Shares of Saf T Lock were unchanged at 25 cents in today's trading, after earlier hitting a 52-week low of 16 cents. The shares have dropped 77 percent this year.
Dec/20/2000 19:14 ET
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