Here is a great compilation of recently hyped penny stocks that smell so bad, that they feel compelled "acquire" a seal of approval. Think about it. . .you have a company that can't get anyone to take it seriously, so you hire a "non-profit org" to give it a seal of approval and claim that THEY have seen the financials, etc. What a load.
Are any of yours on here? If so, check the Edgars filings again for yourself and be sure they are listed. . .and if you find them, go back as far as you can in the filings and look for the words "convertible debentures" or other indicators of offshore placement at a penny or less per share.
GOOD/REAL companies don't need this sort of manufactured approval. And what is so totally hilarious is that I went to the listed URL for "Investor's Research Institute, Inc." and guess what I found. . .Unable to locate the server named "www.investorsresearch.org" --- the server does not have a DNS entry. I thought I could dig up the company disclaimer that shows how much a company pays them for their "seal of approval," but I could not find "Investor's Research Institute, Inc." website. . .not sure if it is out of business or not. . . I guess we will have to all use our imaginations instead.
- - - - -Unedited paste from company press release to follow:- - - - - - -
Investors Research Institute, Inc. Announces 113 Public Companies Pledge 'Best Practices in Investor Relations',Higher Standards of 'Accessibility', 'Scrutiny', 'Disclosure'
NOTE TO EDITORS: The following is an investment opinion issued
by Investors Research Institute, Inc.
NEW YORK--(BUSINESS WIRE)--Jan. 25, 1999--Investors Research Institute, Inc., a non-profit organization of individual investors, announces that 113 public companies have now pledged to adhere to higher standards of ''accessibility'', ''scrutiny'' and ''disclosure'', acquiring the right to display the organization's ''Seal of Best Practices in Investor Relations'' --- including three companies listed on the American Stock Exchange,
AutoBond Acceptance (Amex:ABD - news),
Hi-Shear Tech (Amex:HSR - news) and
Osage Systems (Amex:OSE - news),
21 companies listed on the Nasdaq Exchange,
Safety Components International (Nasdaq:ABAG - news),
American Bio Medica (Nasdaq:ABMC - news),
DualStar Technologies (Nasdaq:DSTR - news),
E Net Inc. (Nasdaq:ETEL - news),
Equitex (Nasdaq:EQTX - news),
Hudson Technology (Nasdaq:HDSN - news),
Hawaiian Natural Water (Nasdaq:HNWC - news),
Imaginon (Nasdaq:IMON - news),
New Frontier (Nasdaq:NOOF - news),
Optical Cable (Nasdaq:OCCF - news),
Objective Systems (Nasdaq:OSII - news),
Perle Systems (Nasdaq:PERLF - news),
Platinum Software (Nasdaq:PSQL - news),
Elephant & Castle Group (Nasdaq:PUBSF - news),
Repligen Corp (Nasdaq:RGEN - news),
Synbiotics (Nasdaq:SBIO - news),
Touchstone APPL (Nasdaq:TASA - news),
Tech Data Corp. (Nasdaq:TECD - news),
Trinity Biotech (Nasdaq:TRIBY - news),
Westmark Group (Nasdaq:WGHI - news) and
ZMAX Corp. (Nasdaq:ZMAX - news),
two companies listed on the Vancouver Exchange,
ID Internet Direct (VSE/IDX) and Net Nanny (VSE/NNS), and
87 companies listed on the over the counter bulletin board,
American Artists & Film (OTCBB:AAFC - news),
American Resources & Dev. (OTCBB:ADCO - news),
African Resources (OTCBB:AFRI - news),
ALYA International, Inc. (OTCBB:ALYA - news),
American Pacific Financial (OTCBB:AMPA - news),
Am-Pac Intl. (OTCBB:AMPC - news),
Auto Network (OTCBB:ANWK - news),
Asset Retrieval (OTCBB:ARST - news),
Avenue, Inc. (OTCBB:AVEN - news),
Allnet Services (OTCBB:AWEB - news),
Biologix Int. (OTCBB:BGIX - news),
Bio Preserve (OTCBB:BIPN - news),
Beverly Hills Country Club (OTCBB:BLTD - news),
Boatraks (OTCBB:BTRK - news),
Cdknet.com, Inc. (OTCBB:CDKX - news),
Celsion Corp (OTCBB:CELN - news),
Chartwell Int. (OTCBB:CHAP - news),
Chancellor Corp (OTCBB:CHLR - news),
Casino Journal (OTCBB:CJPG - news),
CorpHQ (OTCBB:COHQ - news),
Crys-Tel Telecom (OTCBB:CYSS - news),
Dead On, Inc. (OTCBB:DEAD - news),
Spa Faucet, Inc. (OTCBB:DRIP - news),
Eagle Capital (OTCBB:ECIC - news),
Earth Search Sciences (OTCBB:EDIS - news),
Eduverse Accel (OTCBB:EDUV - news),
Eagle Wireless (OTCBB:EGLW - news),
Egan Systems (OTCBB:EGNS - news),
HydroGrowth Systems (OTCBB:ERBS - news),
Fieldpoint Pete (OTCBB:FPPC - news),
Global Entertainment (OTCBB:GAMM - news),
Juina Mining (OTCBB:GEMM - news),
Global Media Corp. (OTCBB:GLMC - news),
Global Med Technologies (OTCBB:GLOB - news),
Generation Entertainment (OTCBB:GNEN - news),
Go Call, Inc. (OTCBB:GOCA - news),
Cadapult Graphic (OTCBB:GRFX - news),
BoysToys.com (OTCBB:GRLZ - news),
Hydro Grow, Inc. (OTCBB:HGRW - news),
International Barter (OTCBB:IBCX - news),
Immediate Entertainment (OTCBB:IEGP - news),
Imperial Ginseng (OTCBB:IGPFF - news),
IJNT Intl (OTCBB:IJNT - news),
Imagica Entertainment (OTCBB:IMEA - news),
IRI, Inc. (OTCBB:IRIK - news),
Kading Companies, S.A. (OTCBB:KDNG - news),
Kaleidoscope Media Group (OTCBB:KMGG - news),
Intermost Corp. (OTCBB:IMOT - news),
Lifeline Biotech (OTCBB:LBTI - news),
Leah Industries (OTCBB:LEAH - news),
Lucas Educational Systems (OTCBB:LEDS - news),
Linkon Corp. (OTCBB:LKON - news),
LifeOne, Inc. (OTCBB:LONE - news),
Mortgage Bankers Holding Company (OTCBB:MBHC - news),
Medix Resources (OTCBB:MDIX - news),
Worldwide Petromoly (OTCBB:MOLY - news),
Metal Recovery (OTCBB:MRTI - news),
Mactell Corp. (OTCBB:MTLL - news),
National Scientific (OTCBB:NSCT - news),
NuOncology Labs, Inc. (OTCBB:NLAB - news),
NetUSA, Inc. (OTCBB:NTSA - news),
Ora Electronics (OTCBB:ORAE - news),
ProTech Communications (OTCBB:PCTU - news),
Northport Industries (OTCBB:PESO - news)
Planet City Software (OTCBB:PINC - news) ,
Plenum Communications (OTCBB:PLNM - news),
Prime Companies (OTCBB:PRMG - news),
Probity International (OTCBB:PROB - news),
Power Technology (OTCBB:PWTC - news),
Redneck Foods (OTCBB:RDNK - news),
Antra Holdings (OTCBB:RECD - news),
Remington-Hall Capital (OTCBB:REMH - news),
Rocky Mountain Ginseng (OTCBB:RMGG - news),
Centenary International (OTCBB:RRRI - news),
Systems Comm. (OTCBB:SCMI - news),
Sunbase Asia (OTCBB:SNBS - news),
Starnet Communications (OTCBB:SNMM - news),
Surgical Safety (OTCBB:SURG - news),
Syco Dist. OTCBB:(SYCD),
IVP Tech Corp. (OTCBB:TALL - news),
Tao Partners, Inc. (OTCBB:TAOL - news),
The Football Network (OTCBB:TFNK - news),
Today.com (OTCBB:TODY - news),
Affinity Intl Travel (OTCBB:TRIP - news),
US Digital Communications (OTCBB:USDI - news),
Venturi Technologies (OTCBB:VTIX - news) and
Welcome Search (OTCBB:WKWG - news)
--- while four companies, American Eco (Nasdaq:ECGOF - news),
National Healthcare Manufacturing (Nasdaq:NHMCF - news),
Sportstar Marketing (OTCBB:SSMK - news) and
US Bridge Construction (OTCBB:USBR - news), no longer participate in the program.
Four of the participating companies,
Spa Faucet, Inc. (OTCBB:DRIP - news),
National Scientific (OTCBB:NSCT - news),
Remington-Hall Capital (OTCBB:REMH - news) and
IVP Technology Corp. (OTCBB:TALL - news) are on the association's ''watchlist'' pending the issuance of updated company information.
To meet the ''accessibility'' standards, companies agree to schedule at least one pre-announced conference call annually, equally accessible to individual investors, open all conference calls to include individual investors, minimally in ''listen'' mode, which can be achieved via a webcast. Also the companies agree to schedule at least one annual investor presentation which is open to individual investors, and which is webcast. Webcast calls and presentations must be accessible for a minimum of 90-days and include full text transcripts.
To meet the ''disclosure'' standards, companies have agreed to timely, equally accessible (to all classes of investors) issuance of corporate reports and press releases, a searchable corporate profile, and if not ''fully reporting'' under regulatory guidelines, to voluntarily ''self-report'' in a central registry which IRI is establishing at investrend.com, now under development. Companies also agree to immediate disclosure of any change in distributed shares, dilutive events and insider buying or selling, and to provide archivals of up to three years of press releases so that investors may more easily determine the efficiency with which participating companies have met their announced corporate objectives.
To meet the standards for ''scrutiny'', the companies have agreed to position their companies for professional analyst coverage, or to enroll in the unique Public Analysis & Review (PAR) program, which assigns an independent analyst to regularly follow and report on companies with little or no coverage. The Institute's programs are separately administered by IRI, Inc. (OTCBB: IRIK - news), itself a public company in registration.
Individual investors may refer any public company to ''take the pledge'' at the organization's website at investorsresearch.org, or to write theseal@usa.net for full details. IRI also administers the Public Analysis & Review (PAR) program which assigns independent wirehouse-quality professional analysts to provide continuing coverage of companies which have no analyst coverage. Anyone may enroll a public company in the PAR program, which currently includes 14 public companies and 12 qualified analysts, by inquiring at parprogram@usa.net .
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Contact:
Investors Research Institute, Inc., New York
C. Partridge, 212/484-4747
theseal@usa.net
parprogram@usa.net
investorsresearch.org
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