Tuesday September 16 3:08 PM EDT
Company Press Release
Olympus Ventures, Inc. is in the Garment Business
Responds to Allegations that the Company has been Dissolved
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sept. 16, 1997--Olympus Ventures, Inc., (OTC-BB:OVIS) announced Tuesday that a press release, which was released by Hand & Hand dated Sept. 15, 1997 at 5:36 p.m. EDT, stating that OVIS was dissolved and no longer exists, is erroneous.
According to Gary Morgan, chief executive officer of Olympus Ventures, Inc. (OVIS), the new Olympus Ventures was advised by the State of Washington on Sept. 11, 1997 that they would have to change their name or be removed from the Washington Registry. They also were advised that the original Olympus Ventures, Inc. is fully incorporated and in good standing with the State of Washington.
Morgan stated, ``Hand & Hand represents an investor of OVIS which is extremely unhappy with the increase in the stock price of OVIS.'' Morgan said he believes that Hand & Hand is doing anything in its power to disrupt the market of OVIS.
Morgan also stated that this is a prime example to what means the shorters will go to disrupt the OTC-BB companies. Morgan said he plans on meeting with NASD and the SEC giving them documentation which he has compiled over the past 30 days.
Morgan's final comment was, ``Shorting stock in a legal manner is healthy to the market; however, illegal Naked Shorting is damaging to the small companies, its investors and defeats the attempts of the NASD to protect the investor.''
For additional information and verification, contact Roland Breton at Olympus Ventures, Inc., 954/565-9292.
The following was issued to Olympus Ventures, Inc. by the State of Washington Secretary of State, Corporations Division, on Sept. 16, 1997:
DATE: September 16, 1997
TO: OLYMPUS VENTURES, INC.
ATTN: ROLAND BRETON
FAX: (602) 993-0276
RE: OLYMPUS VENTURES, INC.
The reinstatement for your corporation was received on September 08, 1997. The filed date of documents is the received date in this office.
On September 10, 1997, a corporation also by the name of OLYMPUS VENTURES, INC. was filed with our office on an expedited basis. This filing was accepted in error. Since the reinstatement was received first the other corporate filing for OLYMPUS VENTURES, INC. should not have been accepted.
The other corporation was notified by our office on Thursday, September 11, 1997 that they needed to file a corporate name change.
Please contact me at (360) 664-4198 if you have any questions regarding this matter.
Sincerely,
Christina M. Johnson Team Support Manager
Contact:
Olympus Ventures, Inc., Fort Lauderdale
Roland Breton, 954/565-9292
E-Mail: ovisusa@aol.com
www.olympusventures.com |
