Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : NVEI (Was NVXE) - New Visual Entertainment Inc. -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (1890)	8/24/2000 12:54:42 AM
From: afrayem onigwecher	Read Replies (1) \| Respond to of 2211

New Visual Entertainment Responds to Unusual Market Activity SAN DIEGO--(BUSINESS WIRE)--Aug. 23, 2000--New Visual Entertainment, Inc. (OTCBB:NVEI - news), a pioneer in the development of proprietary transmission technology focused on delivering the ultimate ``last mile'' solution, today commented on the unusual trading activity in its common stock yesterday which resulted in a decline of its stock price. Ray Willenberg, Jr., Chief Executive Officer of New Visual Entertainment, stated, ``Based on the number of phone calls we've received from concerned shareholders and investment professionals closely following our progress, the management of New Visual felt it was necessary to formally comment on the unusual trading in its common stock yesterday. Nothing has changed at New Visual - with perhaps the exception being the steadily increasing excitement surrounding the upcoming third party evaluation of our technology, as previously disclosed in our Current Report on Form 8-K filed in April. Since early this year, New Visual, through its wholly-owned subsidiary New Wheel Technology, has focused almost exclusively on accelerating the development of its proprietary broadband transmission technology. As such, we have recently demonstrated in tests conducted in our own development facilities the ability to transmit 52 megabits of data over 26-gauge copper wire at a distance of 9,000 feet. Accordingly, we are on schedule for third party evaluation of the technology in September. In addition, we have applied for a listing on the Nasdaq Small Cap Market; have two patent applications being processed by the US Patent Office; and have significantly enhanced our Board of Directors with the introduction of Mr. Ivan Berkowitz and Mr. Bruce Brown to our team.'' Continuing, Willenberg added, ``Our shareholder base is composed of very sophisticated and savvy investors. We appreciate the calls of concern and encouragement from each of them. But, to reiterate, we are increasingly confident in our recent broadband technology developments, as well as the measures taken by management to ensure long-term shareholder value in the exciting and rapidly evolving telephony and infrastructure markets.'' About New Visual Entertainment, Inc. New Visual is pioneering the development of a proprietary broadband transmission technology with the mission to utilize existing copper telecommunications infrastructure to deliver high data content to the home or office at VDSL (52Mbps) data transfer rates. Through its New Wheel Technology, Inc. subsidiary, New Visual is developing this technology, which would allow the bundling of voice, video and data over existing copper telephone wires, eliminating the need for fiber optic cable to the home or office. Its initial development efforts are focusing on ``Very High rate Digital Subscriber Line'' (VDSL), and have demonstrated results exceeding industry standards. New Visual has historically been a true stereoscopic 3-D production company. Through its Impact Pictures, Inc. subsidiary, New Visual develops web animation, streaming media, multimedia production and CD-ROM business cards. New Visual's common stock is traded on the Over-The-Counter Bulletin Board under the symbol NVEI. With the exception of historical information contained in this release, this release includes forward-looking statements made under the ``Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: product development difficulties; market demand and acceptance of products; the impact of changing economic conditions; business conditions in the internet, computer, and 3D film and video industries; reliance on third parties including potential suppliers, licensors and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this release and in the Company's Securities and Exchange Commission filings. -------------------------------------------------------------------------------- Contact: Continental Capital & Equity Corporation, Longwood, Fla. Dodi B. Handy, 407/682-2001 or dodi@insidewallstreet.com

To: StockDung who wrote (1890)	8/28/2000 11:04:28 PM
From: ThirdEye	Read Replies (2) \| Respond to of 2211

Two can play the same game, Floyd: Washington, D.C.—NASD Regulation, Inc., announced that it has censured and fined Lexington Capital Corporation, New York, NY, $100,000 and its CEO and President, Alan Michael Berkun, $150,000. The firm and Berkun were also ordered to pay more than $200,000 in restitution and interest to nearly 200 investors. Berkun was also censured and barred as a general securities principal. Another former employee and broker, Joseph Marc Blumenthal, was censured, barred, and fined $100,000. Lexington (formerly known as Marlowe & Company, and now known as Preston Langley Asset Management) and Berkun, both neither admitting nor denying NASD Regulation’s findings, were sanctioned for collaborating to defraud investors and impeding regulatory scrutiny. Specifically, Lexington and Berkun were charged with violating the federal securities laws by, among other things, selling thousands of shares of a penny stock, U.S. Bridge Corp., to nearly 200 investors without making the required disclosures and determining if the investors were suitable to purchase these securities. The complaint, filed by the NASD Regulation’s New York District office, also alleged that Lexington and Berkun also charged investors more than $100,000 in fraudulently excessive markups in connection with an unregistered public distribution of 100,000 shares of Crown Laboratories, Inc. common stock. The excessive markups ranged from 47 percent to over 70 percent. In addition, NASD Regulation found that the firm and Berkun, allowed an individual, who had been barred by NASD Regulation in 1992, to be associated with Lexington, without receiving proper regulatory approvals. Individuals who have been barred and want to re-enter the securities industry are required to obtain approval from NASD Regulation and the SEC. NASD Regulation also charged that Lexington, acting through Berkun and others, falsified the firm’s books and records to conceal the fact that Blumenthal solicited and effected over 300 transactions with investors while not properly registered with NASD Regulation and several states. Investors can obtain the disciplinary record of any NASD-registered broker or brokerage firm by calling (800)289-9999, or by sending an e-mail through NASD Regulation’s Web Site (www.nasdr.com).