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Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?

To: bob sims who wrote (3864)	9/3/1999 12:29:00 PM
From: Mighty_Mezz	Read Replies (1) \| Respond to of 7056

UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA JOHN GILPIN, On behalf of Himself and All Others Similarly situated, Plaintiff, vs. HITSGALORE.COM INC., and STEVE BRADFORD, Defendants. ) ) ) ) ) ) ) ) ) ) ) ) CASE NO. CLASS ACTION CLASS ACTION COMPLAINT FOR THE VIOLATION OF FEDERAL SECURITIES LAWS JURY TRIAL DEMANDED Plaintiff, individually and on behalf of all others similarly situated, by and through his attorneys, alleges the following upon the investigation made by and through plaintiff's counsel. I. PRELIMINARY STATEMENT 1. For over a period of many months, defendants have concealed from the investing public the fact that they have continuously been committing gross violations of the federal securities laws, including misleading the public as to the current business affairs of defendant Hitsgalore.com, Inc. ("Hitsgalore" or the "Company"). 2. Throughout the Class Period of February 17, 1999 to May 12, 1999, defendants disseminated materially false and misleading statements regarding the Company's current business condition. Specifically, while making positive statements about the strength and growth of the Company, the defendants were aware, but failed to disclose, that its founder, Dorian Reed, along with two other individuals, had been ordered to pay over $600,000 to 100 customers for "false claims made by Internet Business Broadcasting, a failed online advertising company they worked for." The above revelation was in direct contravention to defendants' previous representations. On May 11, 1999, Bloomberg reported that "[o]n Feb. 11, Hitsgalore.com went public by merging with Systems Communications Inc., a publicly traded shell company. In the merger agreement, filed with the SEC, Hitsgalore.com said there were no suits or governmental investigations against any of its officers, directors or employees. It didn't disclose the FTC's case against Reed in its subsequent SEC filings." 3. When the truth of defendants' deception was finally revealed to the public on May 11, 1999, the market's reaction was quick and dramatic. In direct response to the above news, Hitsgalore shares plummeted 53% or $10 3/4 to $9 3/8, on volume of 3.65 million shares, ten times the average daily volume for the past thirty days. 4. As a result of defendants' deceptive and illegal conduct, plaintiff and other class members purchased their Hitsgalore shares at grossly inflated prices. Had plaintiff and the other class members been aware of the true condition of Hitsgalore, they would not have purchased their Hitsgalore shares or at least not at the inflated prices at which they purchased those shares. from secfraud.com

To: bob sims who wrote (3864)	9/3/1999 4:00:00 PM
From: Traveler	Respond to of 7056

You're wasting bandwidth bob. That info is 2 1/2 months old, and you've posted it many, many, times. Save space. Just say, "Oh, Yeah!!

To: bob sims who wrote (3864)	9/3/1999 7:58:00 PM
From: Tom Swift	Read Replies (1) \| Respond to of 7056

Hitsgalore.com Engages New Auditing Firm PR Newswire - September 02, 1999 14:32 RANCHO CUCAMONGA, Calif., Sept. 2 /PRNewswire/ -- Hitsgalore.com, Inc. (OTC Bulletin Board: HITT) announced that it has engaged the firm of Pender Newkirk & Company -- Certified Public Accountants. The initial tasks to be undertaken by the firm will be to audit the consolidated financial statements of Systems Communications Inc. (as the Company was known prior to its March 1999 merger with Hitsgalore.com) as of December 31, 1996, 1997 and 1998 and for the years then ended. Steve Bradford, CEO of Hitsgalore.com, expressed, "We are pleased to make this announcement and we hope the firm will have the re-audits complete as soon as possible. The Company will now press hard in its efforts to move away from the OTC Bulletin Board." Bradford continued, "We are also excited about our recent partnership allowing us to offer free music CD's from our website. We expect to launch the new music technology, and the new site design, sometime between now and the first of the week." Through its sponsored Portal Services members will be able to select any 5 Billboard HITS(TM) Free, and only pay a small shipping and handling cost billed to them after they receive their free CD in the mail. Hitsgalore.com operates a website as hitsgalore.com, with a unique business model of giving away free banners, lifetime banner placement, Billboard HITS(TM) CD's, and other Portal Services. The Company generates revenue from its Keyword Bid & Rank program, sponsorships of Portal Services, and Local City Editions featuring local content. Hitsgalore.com strives to provide porn-free searching and does not accept or encourage any porn or adult-content listings on its site. Statements in this press release other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Hitsgalore.com, Inc. intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results. SOURCE Hitsgalore.com /CONTACT: Danny Gavin, Investor Relations of Hitsgalore.com, Inc., 800-300-5388, investor@hitsgalore.com/ /Web site: hitsgalore.com (HITT) Next Previous \| Previous \| Next \| Respond \| View 2 replies to this message Quotes - News - Discussion - $5 and Under View SubjectMarks Bookmark this Subject HITSGALORE.COM INC (OTC:BB: HITT) Time: 3:54PM Last Trade 2 15/16 Change - 3/16 (-6.02%) Bid 2 15/16 Ask 3 1/16 Volume 031,8000 Prev.Close 3 1/8 Open 3 Day Range 2 15/16 - 3 1/8 Last Tick 0-0 Avg.Volume 0408,4000 52-week range: 2 9/16 - 20 11/16