Stock Patrol Says Two Of Three SEC Suspended Companies Have Common Address, P
oblem ( financialwire.net )
Feb 14, 2005 (financialwire.net via COMTEX) -- February 14, 2005
(FinancialWire) According to Stock Patrol (http://www.stockpatrol.com), the U.S.
Securities and Exchange Commission has suspended trading in securities of
Greentech USA, Inc. (OTCBB: GTEI), Information Architects Corporation (OTCBB:
IACH) and Tekron, Inc. (OTCBB: TKRN), citing concerns about recent disclosures
by the three companies.
Stock Patrol partners with Investrend Information
(http://www.investrendinformation.com) in its "Investors Resources"
section.
The trading suspensions, which became effective on February 10, 2005, will
continue for ten days, ending at 11:59 p.m. EST on Feb. 24, 2005.
"In issuing the suspensions, the SEC said that questions had been raised
regarding (i) the authenticity of the Report of Independent Certified Public
Accountants included in the most recent Forms 10-KSB filed by Greentech,
Information Architects and Tekron, including whether the audit reports
accompanying the financial statements were prepared and issued by the named
auditors; and (ii) the accuracy of statements made by each of the companies in
amended Forms 10-KSB/A for the year ended Dec. 31, 2003, including statements by
Greentech and Information Architects that a second review of their financial
statements was being performed by the auditors," according to Stock Patrol.
"Each of the three companies has indicated that its financial statements
were audited by the firm of Russell & Adkins of Oklahoma City, Oklahoma. That is
not all Greentech and Information Architects have in common. Both of those
companies list the same business address ' 6500 NW 15th Avenue, Suite 300, Fort
Lauderdale, Florida and the same telephone number, 954-545-8181. They also
appear to share a director, Alfred Tracy III.
"Now they have a common problem as well," Stock Patrol concluded.
For up-to-the-minute news, features and links click on
financialwire.net
FinancialWire is an independent, proprietary news service of Investrend
Information, a division of Investrend Communications, Inc. It is not a press
release service and receives no compensation for its news or opinions. Other
divisions of Investrend, however, provide shareholder empowerment platforms such
as forums, independent research and webcasting. For more information or to
receive the FirstAlert daily summary of news, commentary, research reports,
webcasts, events and conference calls, click on
investrend.com
Listen to StreetSignals" (Investrend "ON-THE-AIR") "live" Saturdays from 9
p.m. to 10 p.m. on Business TalkRadio Network stations coast-to-coast, or right
now on the web at streetsignals.com
The FinancialWire NewsFeed is now available in multiple formats to your site or
desktop, free. Click on: investrend.com
URL: financialwire.net
(C) 2005 financialwire.net, Inc. All rights reserved.
-0-
*** end of story *** |
