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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (9256)	8/14/2000 7:41:00 PM
From: StockDung	Respond to of 10354

OTC Communications Discontinues Services For SYSTEMS of Excellence PR Newswire - October 30, 1996 13:01 NEEDHAM, Mass., Oct. 30 /PRNewswire/ -- OTC Communications announced today that in view of recent disclosures made by SYSTEMS of Excellence (OTC Bulletin Board: SEXI) (SOE), OTC Communications has decided that it can no longer represent SOE and has discontinued its relationship. The primary function of OTC Communications is to communicate and disseminate factual information and statements obtained from the client company as accurately and rapidly as possible. Since SOE stated in a press release on October 18th that, "the Company lacks confidence in the financials that were filed and prior press releases; and investors and market makers should not rely on such filed financials or press releases.", OTC Communications cannot be certain as to the accuracy of any information pertaining to SOE and must therefore discontinue its relationship with SYSTEMS of Excellence. The only information OTC Communications currently has on SYSTEMS of Excellence is mentioned in SOE's latest announcement released on October 18, 1996. All future communication and questions regarding SYSTEMS of Excellence should be directed to Cynthia Gramer at 888-379-5327. OTC Communications is a research-oriented financial public relations company based in Needham, MA.SOURCE OTC Communications CONTACT: Geoffrey J. Eiten of OTC Communications, 617-444-6100 or geiten@otccom.com

To: Sir Auric Goldfinger who wrote (9256)	8/14/2000 7:51:25 PM
From: StockDung	Respond to of 10354

ZIASUN TRUMPED?->Trump Hotels Says SEC Considering Action Over 3rd-Qtr Release Atlantic City, New Jersey, Aug. 14 (Bloomberg) -- Trump Hotels & Casino Resorts Inc. said the U.S. Securities and Exchange Commission might pursue legal action against the company over an earnings release that the SEC says was misleading. The staff of the SEC's Northeast Regional Office has said it might seek the SEC's authority for fines against the company, a former chief executive and a former chief financial officer, Trump Hotels said in an SEC filing. Atlantic City, New Jersey-based Trump Hotels is the casino company controlled by real estate developer Donald Trump. The company's press release, issued last October, failed to disclose that $17 million of Trump Hotels' third-quarter 1999 operating income came from a one-time gain. The gain was related to the purchase of an All-Star Cafe from Planet Hollywood International Inc. Trump Hotels shares today fell 1/16 to 2 15/16 in New York Stock Exchange trading. Aug/14/2000 19:46 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.

To: Sir Auric Goldfinger who wrote (9256)	8/14/2000 10:15:24 PM
From: StockDung	Respond to of 10354

BroadBand Wireless Shares Pumped, Regulators Say Washington, Aug. 14 (Bloomberg) -- Two men affiliated with BroadBand Wireless International Corp. operated a ``pump and dump'' scheme that caused a hundred-fold rise in the company's stock before it came back down, securities regulators allege. Ivan Webb, BroadBand's chief executive, and Donald L. Knight, a convicted felon who at one time controlled more than 60 percent of the company's shares, fraudulently touted the company's purported acquisition of several private telecommunications companies, according to the Securities and Exchange Commission and the Oklahoma Department of Securities. These promotional, or ``pumping'' efforts caused the stock to go from about 12 cents per share late in 1999 to $12 per share by February 2000, when Knight made about $5 million selling, or ``dumping'' millions of shares of restricted stock to investors, the regulators alleged. The charges are in coordinated civil lawsuits filed in federal and state district courts. Shares today were down 5.5 cents to 11.5 cents. ``It's not your run-of-the-mill `pump and dump,''' said Irving Faught, administrator of the Oklahoma Department of Securities. While most such cases involve a ``dumping'' of shares in the retail market -- in this case the Over The Counter Bulletin Board -- Knight dumped by directly selling shares of restricted BroadBand Wireless stock to investors -- about 200 of them Oklahoma residents -- who were misled on several fronts, Faught said. The investors were led to believe that they were buying shares directly from the company and that their funds were earmarked for the company's operations, he said. They were also falsely led to believe that the shares they were buying could be freely sold into the market within 90 days, he said. Troubled History ``The (BroadBand) matter is very complicated,'' said Knight's lawyer, Robert McCampbell of the Crowe & Dunlevy law firm in Oklahoma City. ``I am concerned that there will be a rush to judgment in which Don Knight is unfairly made the scapegoat.'' Webb's lawyer could not be reached for comment. Officials at the company, which has offices in Cisco, Texas, and Oklahoma City, could not be reached for comment. The company said in its annual report last month that as a result of its own investigation ``the company believes that it was a subject of a scheme'' by Knight and others to acquire control of a public company and that it has ``instituted legal proceedings against various individuals.'' `Extreme Disadvantage' Spencer Barasch, associate administrator for the SEC in Fort Worth, Texas, said the alleged scheme not only affected investors who bought restricted shares directly from Knight but also worked ``to the extreme disadvantage'' of untold numbers of retail investors who stood to lose if they bought the stock when it was artificially pumped up and still held it when the value diminished. On Feb. 16, when the stock reached a high of more than $12 per share, more than 2.2 million shares changed hands. Webb and Knight both have histories of prior problems with regulators and law enforcement officials, the regulators said. Knight pled guilty in 1990 to wire fraud in connection with a securities scheme for which he was incarcerated and remains on probation. Webb was charged with fraud in a prior SEC lawsuit and was permanently enjoined by a federal court from engaging in violations of federal securities in 1982. Webb also was ordered to cease and desist from violations of Kansas securities laws in 1992, the regulators said. Changed Business BroadBand Wireless was a ``struggling public oil and gas company'' when Knight acquired control of it late in 1999, regulators said. Knight changed the company's stated business purpose to ``telecommunications'' and then he and Webb issued press releases and filed SEC reports saying the company would acquire several private telecommunications companies. In fact, the company ``did not have the financial wherewithal'' for any of the acquisitions and defaulted on each one, the regulators said. Knight and Webb also hyped the acquisitions and the company's business prospects on the company's Web site and the ``Raging Bull'' Internet bulletin board, the regulators said. In a July 17 press release, the company said Webb would resign as president and chief executive. On Aug. 3, the company issued another release that said Webb had changed his mind because of the state and federal investigations of the alleged manipulation, concluding ``that it would be inadvisable for me to resign at this time.'' Aug/14/2000 22:00 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.

To: Sir Auric Goldfinger who wrote (9256)	8/15/2000 12:58:33 AM
From: StockDung	Read Replies (2) \| Respond to of 10354

Those dirty SSB's sold 290,850 shares of ZiaSun Common Stock, LORACA INTERNATIONAL INC Form: 10-Q Filing Date: 8/14/2000 Sales of Marketable Securities During the six months ended June 30, 2000, the Company sold 290,850 shares of ZiaSun Common Stock, generating a gain on sale of $1,481,752. As of June 30, 2000, the Company held 110,650 shares of ZiaSun common stock with an approximate market value of $504,841. The Company may liquidate additional investment securities, as needed, to fund its working capital needs. freeedgar.com