To: lance b (8127 )
From: TOPFUEL Tuesday, Apr 20 1999 10:22PM ET
Reply # of 8259
Hey Lance noticed you were right again looks like they are running these bull sh*t shell stocks again. Did not know if you ever saw this response by the big p&d himself even having problems allowing this stock to come on his tread
To: P.E. Allen (7510 )
From: MoneyMade Wednesday, Feb 24 1999 3:23PM ET
Reply # of 12226
HTNZ-P.E. I just hope this guy is no longer around...this could be emabaressing for
the company. Thanks!
NEW YORK, March 12 /PRNewswire/ -- Hollywood Trenz, Inc.
(OTC Bulletin Board: HTNZ) Chairman Ed Showalter was arrested on March 10,
1997 in Phoenix, Ariz. on charges involving "fraudulent schemes" and "theft."
The arresting officer was Detective Rick Hargus of the Phoenix Police
Department's Document Crimes Unit. If convicted, Showalter faces a possible
12-year prison sentence in Arizona. In addition, he is currently serving a
15-year probation sentence, for a 1988 no-contest plea to grand theft, in
Florida. Showalter could have his probation revoked and be made to serve out
those remaining years in a Florida prison as well, for violating terms of the
probation.
For the last three years, the beleaguered Showalter has promoted Hollywood
Trenz and promised to build hi-tech, Hollywood theme entertainment centers
throughout the U.S. His early grand forecasts to investors, called for
opening five centers by the end of 1995, generating $150 million in revenues,
and 51 centers by the end of 2000, with over $1.5 billion in sales. To date,
the company has no operating facility, and generates no operating revenues.
It had begun construction on a facility in Phoenix back in July, 1995, but the
project has been stalled for some time by contractors filing mechanics liens
for nonpayment, numerous bounced checks and charges of securities fraud. A
similar project had begun in Denver, Colo. in 1996 and stalled for similar
reasons.
During this period, Showalter has managed to run a public company, despite
concealing his shady past which includes: personal bankruptcy, prior business
failures, the aforementioned plea of "no contest" to grand theft charges in
Florida and a litany of liens and creditors which litter his kingdom known as
Hollywood Trenz. The company is currently battling a proxy contest forced by
shareholders seeking to remove Showalter and his Board of Directors. As
stated in filings with the SEC, the shareholders allege gross mismanagement,
and securities fraud for personal enrichment, amongst a host of other charges.
Presumably because of his activities, the SEC has launched a formal
investigation into Hollywood Trenz. The company has been represented by
public relations firm Creative Media International (CMI).
SOURCE Adams, Prescott and Thorndike
-0- 3/12/97
/CONTACT: John Sloan of Adams, Prescott and Thorndike, 212-355-7986/
(HTNZ)
CO: Hollywood Trenz, Inc.
ST: New York
IN: ENT
SU:
MA-MM
-- NYW078 --
5532 03/12/97 11:14 EST prnewswire.com
Copyright 1997, PR Newswire
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