Anthony @ Equity Investigations, Dear Anthony, Message Board

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To: afrayem onigwecher who wrote (92341)	11/15/2005 11:18:13 PM
From: StockDung	Read Replies (2) of 122087

Shemano Capital Management Works to Clear Up Filing Fee, Administrative Error with California Department of Corporations Business Wire, Nov 23, 2004 Save a personal copy of this article and quickly find it again with Furl.net. It's free! Save it. SAN FRANCISCO -- Shemano Capital Management said today that it is working with the Department of Corporations to settle a business licensing error. Shemano Capital Management is the General Partner of Golden Gate Partners, a small fund-of-funds. Shemano Capital Management should not be confused with The Shemano Group, a San Francisco-based investment firm. Through a clerical error in 2002, Shemano Capital Management accidentally failed to pay an annual renewal fee of $125.00 to the State Department of Corporations to renew a certificate entitling it to operate as a registered investment adviser. The fund-of-funds has successfully operated since 1994. Golden Gate Partners is a small fund that consists of three individuals. Founder Gary Shemano owns 83 percent of the fund and two other individual investors own the remaining percentage. Mr. Shemano said, "Shemano Capital Management has no financial or corporate relationship with The Shemano Group of San Francisco. It is a completely separate entity. I regret any oversight on our part and look forward to resolving the issue." The Shemano Group is in good standing with the State and there are no legal or regulatory issues affecting the company.

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