To: Daniel Mack who wrote (98243 ) 1/2/2000 12:27:00 PM From: RockyBalboa Respond to of 119973
Friday December 17, 11:22 am Eastern Time OraLabs president arrested for selling stimulant ENGLEWOOD, Colo., Dec 17 (Reuters) - OraLabs Holding Corp. (NasdaqSC:OLAB - news), a maker of breath drops, lip balms and throat sprays, said on Friday that its president, Gary Schlatter, was arrested on charges related to distributing pseudoephedrine, an ingredient in cold tablets that can be used to make illegal stimulants. OraLabs said the arrest was related to a criminal complaint filed in the U.S. District Court for the Central District of California. According to the company, the complaint charges that Schlatter conspired to distribute pseudoephedrine, knowing and having reasonable cause to believe that it would be used to manufacture a controlled substance. The complaint also charges that Schlatter conspired to engage in financial transactions knowing that the proceeds of the transactions were from some form of illegal activity and with the intent of furthering a specified unlawful activity. OraLabs said that Schlatter denies that he has committed any offense or violation of law claimed in the complaint. OraLabs said it is not named as a party in the complaint. It said it believes that Schlatter will vigorously defend himself against the charges made against him. OraLabs said it has retained a law firm to investigate the legal implications to the company, if any, as a result of the allegations made against Schlatter. ___________________ Monday December 20, 10:42 am Eastern Time Company Press Release SOURCE: The Nasdaq Stock Market Nasdaq Changes Status of Trading Halt in OraLabs Holding Corporation And Requests Additional Information from Company WASHINGTON, Dec. 20 /PRNewswire/ -- The Nasdaq Stock Market® announced today that the trading halt status in OraLabs Holding Corporation (Nasdaq: OLAB - news) was changed to ''additional information requested'' from the company. Trading in OraLabs Holding Corporation had been halted on December 17, 1999, at 9:26:15 a.m. Eastern Time for News Pending at a last-sale price of $1 3/8. Trading will remain halted until the company has fully satisfied Nasdaq's request for additional information. For news and additional information about the company, please contact the company directly, or check under the company's symbol using InfoQuotes(SM) on the Nasdaq® Web site. For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at nasdaq.com or the Nasdaq Newsroom(SM) atnasdaqnews.com . SOURCE: The Nasdaq Stock Market