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Non-Tech : Tel-One -(OTCBB: TLON). --STAY AWAY FROM THIS -- Ignore unavailable to you. Want to Upgrade?

To: thefeig who wrote (9)	1/27/2002 2:57:23 PM
From: Marty Rubin	Respond to of 11

Thank you. Full Article posted below ______ COMPANY: Tel-One, Inc. ACTION TAKEN: Trading suspended DATE OF ACTION: January 23, 2002 until February 5, 2002 REASON FOR ACTION: The Securities and Exchange Commission temporarily suspended trading in the securities of Tel-One, Inc. until 11:59PM on February 5, 2002, citing questions about the “accuracy and adequacy of publicly disseminated information concerning, among other things, (1) the company's claims about its prospects in the video teleconferencing industry; (2) the future price of Tel-One's stock; and (3) the involvement of persons in control of the operations and management of the company in efforts to tout, and inflate artificially the price of, Tel-One's stock.” Prior to the suspension, Tel-One common stock was traded on the Over The Counter Bulletin Board. On January 11, 2002, the Company had issued a press release “clarifying” information that had been included in promotional materials distributed in November 2001 by the “Wall Street Examiner,” that predicted a $21 price target for Tel-One shares. In the January 11th press release, the Company stated that the $21 target price had been “presented by organizations outside of Tel-One’s management team,” and conceded that, “based on historic criteria of value, there is no basis that allows us to affirmatively state that this is a supportable price.” At the time trading was suspended, Tel-One stock was trading at $2.37 per share. AND THIS… The trading suspension could turn out to be the least of problems confronting Tel-One and its management. In related news, on January 22, 2002, the SEC filed a complaint and obtained a temporary restraining order against Tel-One, and certain of its principals and promoters. The SEC alleges that Tel-One and Media Broadcast Solutions, Inc., a Tampa Florida based stock promoter, engaged in a “pump and dump” scheme involving hundreds of thousands of shares of Tel-One stock. According to the SEC complaint, both Tel-One and Media Broadcast are controlled by two Tel-One directors, George Carapella (who has multiple fraud convictions) and Alan S. Lipstein (who is awaiting sentencing on federal money laundering charges). The SEC says that Media Broadcast sent out unsolicited fax messages and placed false newspapers advertisements touting Tel-One and predicting that the Company’s shares would soar from $2.50 to a target price of $21. While this promotion was going on, Carapella and Lipstein allegedly were dumping hundreds of thousands of Tel-One shares. The SEC says that companies controlled by the two men have sold approximately $1.7 million worth of Tel-One stock since November 2001. The SEC also alleges that the defendants tried to capitalize on the September 11, 2001 terrorist attacks by claiming that Tel-One, as a “leader in the videoconferencing industry,” would grow as the result of safety and travel concerns. ___ URL: stockpatrol.com ____________