To: mmmary who wrote (3644 ) 8/29/2002 1:45:09 PM From: StockDung Respond to of 12465 Boiler Room World Trade Financial Corp a/k/a Amber Securities->Monday July 8, 9:22 am Eastern Time Press Release SOURCE: MarketCentral.net Corp. MarketCentral.net Files Suit in California Superior Court Against European Short Seller ENGLEWOOD, Colo., July 8 /PRNewswire-FirstCall/ -- MarketCentral.net Corp. (OTC BB: MKCT), an Internet advertising enabler and specialized application service provider, announced today that the Company has filed suit Friday, July 5, 2002 in the Superior Court of the State of California for the County of San Diego against Robert Andrnikou, World Trade Financial Corp., and other unnamed individuals, alleging improper securities trading activity. The Company is seeking the return of 625,000 common shares from the aforementioned parties. Of the 3,000,000 restrictive shares that were originally issued to the defendants, 2,375,000 shares have been returned to the Company's transfer agent for restrictive legending. The Company seeks the return of 625,000 shares to its transfer agent for similar restrictive legending, as well as punitive damages and legal expenses from the defendants. Paul Taylor, chairman of MarketCentral.net commented, "My obligation is to the shareholders and to protect the value of our equity. Immediately following the defendants' involvements with our Company, our shares experienced an extreme volatility and continue to trade in an unusual pattern. We believe this is due to what is termed in the financial community as "naked short selling" activities related to the defendants. The Company will go to every length to protect its equity from being hurt by short sellers, and we will use every means at our disposal to retrieve the 625,000 restricted shares that the defendants illegally transferred. The return of 2,375,000 shares to restrictive safe keeping under stop transfer instructions has proven that clearing firms react quickly and efficiently to problems such as these." Mt. Taylor concluded: "As always, I urge long-term shareholders of all public companies to request physical delivery of their stock certificates. Please help in halting market maker abuses that can occur when short sellers borrow stock left idle in the hands of brokerage firms and abuse this borrowed collateral in strategies to exert downward pressure on stocks." About MarketCentral.net Corp MarketCentral is an early stage provider of products, components and services that enable publishers, advertisers, direct marketers and promotional merchants to market products and/or advertisements to an online audience. Additional information is available at our newly designed web site -- marketcentral.net . Safe Harbor Statement Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes", "expects", "anticipates" or similar expressions. These include the failure of any of the conditions to closing stated above, completion of the acquisitions of the target businesses, attracting necessary management, a delay in the formal launch of the website, raising the necessary capital to fund business operations and potential market competition. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. (Such factors include, among others, the risk factors contained in the company's Annual Reports and other filings with the Securities and Exchange Commission.) The Company will remain dependent upon future financing for its growth and development, and for it to successfully implement its business plan. No statement contained herein should be construed as indicating that such financing is or will be available, and if available, will be on terms favorable to the Company. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof. SOURCE: MarketCentral.net Corp.