Did Everyone Read the current SOE Press Releases ?
If not here they are:
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13:58 Statement from Systems of Excellence, Inc.
McLEAN, Va., Nov. 20 /PRNewswire/ -- On November 18, 1996, Systems of
Excellence, Inc. (OTC: SEXI) filed a periodic report on a Form 8-K with the
Securities and Exchange Commission ("SEC") announcing certain significant
developments, including the appointment of new members of the Company's board
of directors, a new President and Chief Executive Officer, the re-engagement
of independent certifying accountants, an internal inquiry regarding the
actions of prior management and the issuance of company stock, and an action
filed by the SEC.
Mr. Thomas Clines, new President and Chief Executive Officer of the Company
stated that the SEC's lawsuit relates to facts and circumstances which
occurred during the time period when Mr. Huttoe was Chairman of the Board and
one of two directors of the Company. Mr. Clines further stated that he was
pleased to see that the SEC's action does not seek any monetary damages or
penalties from the Company.
With respect to possible claims by the Company against persons who may have
been involved in any alleged wrongdoing against the Company, Mr. Clines
expressed the new Board of Directors' firm commitment to explore all options
available to the Company to take aggressive action, wherever appropriate, to
pursue the Company's rights and remedies and act in the best interest of the
Company and its shareholders.
/CONTACT: Robert Dutton of Systems of Excellence, 888-379-5327/
13:41 EST
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14:41 Systems Of Excellence Names Clines President, CEO >SEXI
MCLEAN, Va. (Dow Jones)--Systems of Excellence Inc. (SEXI) named Thomas
Clines president and chief executive and named a new board.
As reported Nov. 8, the Securities and Exchange Commission brought an
Internet stock manipulation suit against the company and former ___________________________________-chairman and
chief executive, Charles Huttoe. Huttoe took an administrative leave of
absence last month.
In a press release, the company said Huttoe also was one of its two
directors.
Systems of Excellence said it began an internal inquiry into the actions of
prior management.
As reported, the company hired the auditing firm Feldman Radin & Co. to
re-audit its Form 10-KSB for the fiscal year ended Feb. 29.
The company said the SEC action does not seek monetary damages or penalties
from the company.
The board is commmited to ''exploring all options'' available to take
aggressive action, wherever appropriate, to pursue its ''rights and remedies''
and act in the best interest of the company and its shareholders.
Additional information was not immediately available.
Systems of Excellence makes and markets desktop video-distribution and
teleconferencing products. |
