MLRE Discuss the SEC subpoena, no millionaires allowed Message Board

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Non-Tech : MLRE Discuss the SEC subpoena, no millionaires allowed

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To: StockDung who wrote ()	3/25/1999 3:22:00 PM
From: StockDung	Read Replies (1) of 9

I made this thread because many people have been blaming honest citizens about MLRE's trouble. I say the company caused their own trouble. Also see stockdetective.com Millionaire.com Reports SEC Request For Documents HILTON HEAD, S.C., March 24 /PRNewswire/ -- Millionaire.com (OTC Bulletin Board: MLRE) announced today that it has received a subpoena for documents issued by the United States Securities and Exchange Commission pursuant to a formal order of investigation entered by the SEC on March 12, 1999. The investigation appears to management to involve a review of the company's past capital raising activities and trading in the company's securities. The company's securities are presently traded on the OTC Bulletin Board. Management of the company is cooperating fully with the SEC. The company believes the investigation is in its initial stages and the management of the company can not predict the outcome of the matter as it relates to the company. Millionaire.com is a multi-dimensional company marketing products direct to consumers and some through the company's web site (www.millionaire.com). The site now includes all of Millionaire Magazine's editorial features and advertising, a chat room, e-mail access, a guest book and a forum where people of like interests can communicate, ask questions and bid on items sold at Millionaire.com's auctions and through Millionaire Magazine itself. Certain statements and information included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. SOURCE Millionaire.com CO: Millionaire.com; United States Securities and Exchange Commission ST: South Carolina IN: REA MLM SU: LAW 03/24/99 16:15 EST prnewswire.com

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