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To: Babe' Boua who wrote (4061)	1/17/2003 3:34:01 PM
From: StockDung	Read Replies (1) \| Respond to of 12465

"Listeners may call in live at 877/266-7469 or listen live on the Internet at www.businesstalkradio.net. The program, co-hosted by Tim Connolly of Corporate Strategies Merchant Bankers (www.corporate-strategies.net) and Mike King of Princeton Research, is also carried on more than 275 local radio affiliates nationwide. "Corporate Strategies with Tim Connolly" features financial experts providing the latest intelligence on equities, income investments and other investment strategies." ======================================= Securities and Exchange Commission v. John Wesley Savage and Princeton Research, Inc., Civil Action No. 98-CV-7179 (S. D. Florida, filed October 27, 1998) Litigation Release No. 15954, October 27, 1998. FLORIDA STOCK TOUTER AND HIS COMPANY PAY CIVIL FINE OF $40,000 IN CONNECTION WITH SEC CHARGES THAT THEY FAILED TO DISCLOSE THEIR RECEIPT OF COMPENSATION FOR TOUTING The Securities and Exchange Commission (SEC) announced that on October 27, 1998 it filed a complaint charging John Wesley Savage (Savage) and Princeton Research, Inc. (Princeton) with having violated the federal securities laws in connection with their touting of the stocks of seven different companies. Simultaneous with the filing of the complaint, Savage and Princeton consented, without admitting or denying the SEC's allegations, to the entry of a permanent injunction and to pay a civil penalty of $40,000. The SEC's complaint alleges that Savage, who is Princeton's president, received compensation in the form of stock or stock options from five companies in exchange for touting those companies or their securities. The SEC's complaint also alleges that in violation of Section 17(b) of the Securities Act of 1933 (Securities Act), Savage and Princeton failed to disclose that receipt of compensation in the newsletters and daily reports in which Savage and Princeton touted those stocks and which they disseminated through the mail, by fax, and over the Internet. In addition, the SEC's complaint alleges that Savage and Princeton made material misrepresentations concerning the stocks of two other companies. According to the SEC's complaint, while Savage owned shares of those two companies' stocks, Savage and Princeton made baseless predictions about the likely future price of those stocks and also made misrepresentations about the financial condition of one of the companies. Savage and Princeton consented to the relief the SEC sought in its complaint, without admitting or denying the SEC's allegations. Specifically, Savage and Princeton consented to a permanent injunction against future violations of Sections 17(a) and 17(b) of the Securities Act and Section 10(b) of the Securities Exchange Act and Rule 10b-5 thereunder. Savage and Princeton also agreed to pay a civil money penalty of $40,000.

To: Babe' Boua who wrote (4061)	1/17/2003 7:32:47 PM
From: Tom C	Read Replies (1) \| Respond to of 12465

What do you think this will do to the "call in your certs" campaigns? Group pushes paperless stocks By LYNN COWAN, Dow Jones Newswires sacbee.com Published 4:20 a.m. PST Wednesday, January 15, 2003 WASHINGTON (AP) - Wall Street's main trade group is campaigning to do away with paper stock certificates and instead keep track of all investor holdings electronically. The Securities Industry Association is launching a publicity blitz this year to persuade publicly traded companies and their shareholders that a paperless world will save money and time. Its effort is aided by a New York Stock Exchange rule adopted this summer that allows listed companies to eschew paper certificates. So far, only one company, AT&T Corp., has dropped paper certificates. At stake is an estimated $500 million in annual savings for market participants, from investors to brokerage firms, according to the SIA. The extra costs associated with paper stock certificates range from the labor and time brokerages and companies spend printing, handling and mailing the certificates to the extra expense incurred by investors to replace those that are lost or stolen. In addition, the industry's plans to shift its current three-day trade settlement system to next-day settlement by 2005 will make stock certificates even more unwieldy. Several European countries, including Denmark and France, mandate electronic-only ownership of stocks. "We hope shareholders will get used to this idea, and other shareholders will follow," said Donald Kittell, executive vice president of the SIA. "We're up against many shareholders who love certificates." Regulators are reluctant to mandate electronic book entry, given the opposition it would face from individual investors, Kittell said. So the trade group is developing brochures and talking points to rally support among companies and investors. It hopes to convince companies going public to start trading with electronic book entry only, and to sway existing companies into yanking paper stock certificates during new issues or other changes, such as AT&T's 1-for-5 reverse stock split in November. Some companies aren't likely to follow through no matter what Wall Street says. Walt Disney Co., a company whose stock certificates are popular gifts, said although it's aware of the advantages of a paperless world, getting rid of certificates would upset too many shareholders. "We don't want to disenfranchise anyone," said Jim Alden, Disney's director of shareholder services. "I think it's going to be difficult to move totally out of that environment." As for scripophilists - collectors of stock certificates - the end of paper certificates would probably increase the market value of those in circulation today by capping the supply, said Bob Kerstein, chief executive of Scripophily.com, a Chantilly, Va., company devoted to buying and selling certificates. But if many companies go electronic, collectors would miss out on the chance to buy new certificates that could later prove interesting or valuable. "Certificates do so much in capturing the history of the company," said Kerstein, who is raising prices for AT&T certificates.