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Microcap & Penny Stocks : Ives Health Co. - IVEH -- Ignore unavailable to you. Want to Upgrade?

To: luey_bitter who wrote (26)	4/6/2001 1:52:05 PM
From: peter michaelson	Read Replies (1) \| Respond to of 40

Posting some news articles from the last few weeks on IVEH to save them before they cannot be found through searches: RENO, NV, Mar 13, 2001 (INTERNET WIRE via COMTEX) -- In an official statement made by the Company, Freespace Media attempted to clarify its working relationship with Ives Health (OTCBB: IVEH chart, msgs). "It upsets us greatly that we feel the need to do this, but it seems that there have been so many misconceptions and inventions propagated by certain members of the public and the media lately that we are forced to publish a statement", said a spokesperson for the Freespace Media. Freespace Media was hired by Ives Health Company on January 2, 2001 to develop a new corporate identity, new media kit, and an E-Commerce website for the Ives Health Company. The total cost to construct and support these efforts was estimated at $150,000. Because Ives Health Company was unable to pay for the services in cash and because Ives stated that distributing product would be the only way to make money, it was agreed that a Managing Member of Freespace Media would accept free-trading stock for the value of the contract. Ives protected its investors by having Freespace write a note against the stock and the shares were distributed to Freespace in stages as necessary milestones were reached. Freespace Media is not an investor or public relations firm for Ives Health Company or any of its clients. In response to recent questions regarding the name of a Freespace employee appearing as the Investor Relations contact for a press release issued on January 25th, 2001, the spokesperson said, "The confusion over Wayne Schumacher's involvement with Ives Health Company has drawn attention from the media recently. This confusion was caused by a miscommunication within Ives Health Company. The way it has been explained to us by Ives is that they submitted the press release to a national newswire with their Investor Relations name and phone number. The newswire apparently called Ives and asked for a contact name for the press release. Knowing only that the press release was about a new partner, the individual at Ives incorrectly assumed that Freespace Media was the subject of the release and Wayne Schumacher, the salesperson on the account, was the contact. It was an unfortunate yet forgivable error on Ives part and because of the clarity of our dealings with Ives we never assumed that much would come of it." The spokesperson continued, "Despite accounts by the media, Mr. Schumacher has been employed by Freespace Media since November 21, 2000 and is not directly employed by Ives Health Company in any capacity to the best of our knowledge. The management of Freespace Media had no previous relationship with Mr. Schumacher but had heard of his story and wanted to help him enter a new career. Freespace Media hired him for our Chicago office based on his sales experience and his job is to sell website development services to clients and maintain those client relationships. Because we do not have enough information at this time, Mr. Schumacher has been suspended pending an internal investigation into whether or not he was involved in any stock promotion. At this time, the Company feels that allegations leveled at Mr. Schumacher by certain members of the press are wholly unfounded and we will seek damages from the offending individuals should we find that their malicious intent outweighed their fiduciary responsibility to the public." Freespace Media does not plan to make further information available to the public and asks that all questions regarding Ives Health be directed to Ives' representatives. Freespace Media also has no further plans to announce publicly its intent to file lawsuits against any media organization or its representatives should such action be taken. This news release includes "forward-looking statements" that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission. Please consult with your physician prior to starting a weight loss program. CONTACT: Robert Pierce Freespace Media 866-422-6918