Securities Resolution Advisors, Inc., Seen As An Undiscovered Superstock; Research Report Complete
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DENVER (July 27) BUSINESS WIRE -July 27, 1998--Wall Street West Communications, LLC announced today that it has taken a position in Securities Resolution Advisors, Inc. (OTC BB:SRAD).
Wall Street West is a Denver-based stock research firm and holding company. SRAD is a Port Washington, N.Y.-based publicly traded company that helps investors who have been victimized by fraudulent and corrupt practices of brokers and broker dealers, such as unauthorized trading, churning, pushing unsuitable investments, stock manipulation, misrepresentation of financials, etc.
The company has been busy, as it currently has over $45 million in pending cases. Cases are handled largely on a contingency basis, with SRAD retaining 33% of successful court decisions and out of court settlements.
Daryn P. Fleming, President of Wall Street West stated, "We see Securities Resolution Advisors is an excellent opportunity to get in early on a young company with vast potential in a largely untapped market. To the best of our knowledge there are no publicly traded law firms that specialize in representing investors in claims against publicly traded companies and broker/dealers. This fact coupled with .11 per share earnings estimates for 1998 make SRAD undervalued and highly attractive."
SRAD has been featured in such publications as the New York Post, Profit Magazine, Business Plus, Business in Broward, The Bradenton Herald, The Wayne Independent and many others. The Company is likely to make plenty of press in the near future, as last year there was a reported $6,000,000,000 (six billion dollars) in losses blamed on investment swindlers.
Fraud and corruption among broker dealers has been a serious problem, with many high profile firms in the "hotseat:" Morgan Stanley and Dean Witter (NYSE:MWD), (AMEX:APP), (AMEX:MPQ), (NYSE:BGS), Bear Stearns (NYSE:BSC) and others.
Some high profile, publicly traded companies have also been subject to securities violation allegations: America Online, Inc. (NYSE:AOL), The Boeing Company (NYSE:BA), Boston Chicken (NASDAQ:BOST), Caribbean Cigar Company (NASDAQ:CIGR), Compaq Computer Corporation (NYSE:CPQ), Einstein Noah Bagel Corp (NASDAQ:ENBX), Sunbeam Corporation (NYSE:SOC), Tele-Communications, Inc. (NASDAQ:TCOMA).
Other successful publicly traded law-related firms include Detroit Legal News (OTC BB:DTRL), Legal Research Center (OTC BB:LRCI) and Prepaid Legal (Amex:PPD).
More information about SRAD can be found at the corporate website at recoverlosses.com or via an online research report located at wallstreetwest.com Hard copy information may be obtained by calling Dean Curry at 1-800-501-7171. Forward-looking statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.
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CONTACT: Diversified Marketing Concepts, LLC, Denver 303/465-6097
KEYWORD: COLORADO NEW YORK
INDUSTRY KEYWORD: BANKING |
