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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (147572)	3/10/2006 8:41:25 PM
From: M0NEYMADE	Respond to of 150070

$$[AVNT]: "Aventura's lawsuit seeks return of improperly issued shares, judgment for amounts due, court costs and such other and further relief as the Court may deem proper" Aventura Holdings, Inc. Files Lawsuit Against Former Directors and Their Affiliates For Issuing Company Stock Absent Ascertainable Consideration Tuesday January 3,2006 7:01 am ET MIAMI, Jan. 3, 2006 (PRIMEZONE) -- Aventura Holdings, Inc. (OTC BB:AVNT.OB - News) (Frankfurt:WKN#570891) (``Aventura'') filed a lawsuit against T. Joseph Coleman, Peter Klamka, RTV Media Corp., The Coleman Family Trust, Vega 7 Entertainment and Wilshire Capital LTD. in the U.S. District Court in the Southern District of Florida. Aventura asserts that shortly before resigning as Officers and Directors of Aventura, T. Joseph Coleman and Peter Klamka issued Company shares to themselves and their affiliated entities absent ascertainable consideration. As a Business Development Company, Aventura is governed under the Investment Company Act of 1940 which forbids issuing Company shares for services. Prior Management has suggested that the consideration was not cash or payment but services, conflicting with Section 23a of the Investment Company Act of 1940, the acceptance of which services would be in violation of such Federal law governing investment companies. Aventura's lawsuit seeks return of improperly issued shares, judgment for amounts due, court costs and such other and further relief as the Court may deem proper.