To: Anthony@Pacific who wrote (62060 ) 11/6/2000 10:17:54 AM From: Taki Read Replies (2) | Respond to of 122087 LOCH SEC investigation, and it is going pink.BID at .182 now.400 million or more on the float. I see a short IMO.I do not short though. Loch Harris Inc. Discloses Information AUSTIN, Texas, Nov 3, 2000 (BUSINESS WIRE) -- Loch Harris Inc., (OTCBB: LOCHE chart, msgs) has been advised that a statement was publicly issued on Thursday, Oct. 25, 2000 indicating that the Company was cooperating with a routine Securities and Exchange Commission (SEC) investigation to insure that ELF performs as promised. The investigation the SEC is conducting is not routine. The Company understands that the focus of the SEC investigation is to determine whether or not the Company and others may have violated the registration, antifraud and periodic reporting requirements of the federal securities laws. The Company had indicated in its press release dated Oct. 19, 2000 that the Company is cooperating with an SEC investigation. The Company continues to anticipate it will cooperate; however, it also plans to protect the confidentiality of what it considers to be its trade secrets and other proprietary information which could put it in conflict with the SEC. In addition to the above, the Company had also indicated in its Oct. 19 press release that it was delinquent in filing its Form 10-K with the SEC for the fiscal year ended June 30, 2000, and that it was continuing its efforts to complete the report and file the Form 10-K as soon as possible. Although the Company is continuing its efforts to complete the process of compiling the financial records, documentation and other information, at this time, it cannot predict when the Form 10-K will be filed with the SEC. If the Company does not remedy the delinquency prior to Nov. 17, 2000 its shares of common stock will no longer be eligible for trading on the NASDAQ-OTCBB and will be delisted at the close of trading on Nov. 17, 2000. The Company does not currently anticipate that it will have the delinquency remedied by that date. In addition, the Company has a Form 10-Q filing that will be due Nov. 15, 2000. It does not currently anticipate that it will meet that filing deadline either. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, development of products, regulatory actions, the impact of competitive products or other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. Contact: Investor Communications Group Chuck Bagley, 770/391-7273