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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (675)	11/20/2006 1:10:49 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

One has to wonder if some unanticipated issues were discovered during the due diligence period. The answer to my question: Millstream II Acquisition Corporation Announces Receipt of Inquiry Letter From the GSA/OIG Regarding Specialty Surfaces International, Inc. Monday November 20, 11:26 am ET WAYNE, Pa., Nov. 20 /PRNewswire-FirstCall/ -- Millstream II Acquisition Corporation (OTC Bulletin Board: MSMA - News, MSMAW - News, MSMAU - News; "Millstream II"), a special purpose acquisition company, announced today that it has received a letter from the U.S. General Services Administration ("GSA"), Office of Inspector General ("OIG") regarding an inquiry into allegations relating to the status of Specialty Surfaces International, Inc. ("Sprinturf") as a woman- owned small business. The GSA/OIG inquiry is based on information received by the GSA/OIG from an unidentified third party. Millstream II has transmitted the letter to Sprinturf for response. Millstream II and Sprinturf intend to cooperate fully with the GSA/OIG inquiry. Millstream II has been advised that Sprinturf's management believes that Sprinturf was at the time it made the certifications at issue, and now, in compliance with all applicable regulations regarding its status as a woman- owned small business. Millstream II has been further advised that Sprinturf's management believes it will be able to provide the GSA/OIG with satisfactory evidence of its compliance with the regulations at issue. At this time, Millstream II has not been able to determine whether the allegations are true and, if true, the impact on Sprinturf's business or financial statements. Millstream II will continue to monitor all developments in the inquiry. <snip> biz.yahoo.com