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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Jim Bishop who started this subject11/15/2001 4:08:59 PM
From: Jim Bishop  Read Replies (1) of 150070
 
SEC says firms tried to exploit bio terrorism fears

WASHINGTON, Nov 15 (Reuters) - Federal securities
regulators on Thursday settled cases against three companies it
accused of trying to exploit the public's bioterrorism fears by
issuing press releases claiming to have "anti-terrorism"
technologies.
The Securities and Exchange Commission said Disease
Sciences Inc. <DISE.OB> of Boca Raton, Florida, and Classica
Group Inc. <TCGI.O> of Lakewood, New Jersey, said they had
technologies capable of killing anthrax in mail.
"In fact," the SEC said, "neither company had a technology
that had been tested or otherwise shown to be effective ... for
that purpose."
A press release by a third company, R-Tec Technologies Inc.
<RTTC.OB>, of Flanders, New Jersey, falsely claimed that it
developed and patented a system "to protect civilians in every
day life from biological and chemical terrorism attacks," said
the SEC. The commission found that no such system had been
developed, patented or tested.
The companies settled the cases by agreeing to a cease-and-
desist order without admitting or denying the charges. They did
not immediately return calls seeking comment.
((Peter Ramjug, Reuters SEC Desk, 202-898-8399))
REUTERS
*** end of story ***
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