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Microcap & Penny Stocks : Zia Sun(zsun)

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To: Kenneth V. McNutt who started this subject	8/24/2004 1:30:39 PM
From: StockDung	of 10354

UPDATE ON ZIASUNFRAUD RAY DIRKS ANALYST THOMAS HEYSEK A/K/A MEATLOAF ============================================= SEC PROBES 'UNREAL' CONCORDE nypost.com August 24, 2004 -- The Securities and Exchange Commission is investigating Concorde America regarding a false press release that sent the company's shares soaring, Dow Jones reported. The company, whose shenanigans were first reported by The Post, has no "real business" yet but somehow became worth more than $1 billion. The company trades on the over the counter market. The press release under scrutiny was issued by self-ascribed "investment guru" Thomas Heysek, who asserted that Concorde America would bring in revenues of $1.47 billion by the end of 2006 — revenues which would come from a single contract with Spain. The company itself turns out to be less than eight weeks old and as of last week appeared to consist of an "under construction" Web site and a telephone answering machine at an address in Boca Raton, Fla. According to Heysek's employment record on file with the National Association of Securities Dealers, he has been fired from three of the last five jobs he held on Wall Street. Offenses have ranged from "unsatisfactory sales practices" to "improper handling of customer funds." The company disavowed the press release, but not before the stock had soared. Concorde America president Hartley Lord did not return calls for comment. A SEC spokesman declined to comment on the issue. Jenny Anderson

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