To: mawork1 who wrote (16250 ) 11/10/1997 4:19:00 PM From: Riley G Read Replies (1) | Respond to of 55532
To All shareholders, It appears that someone had this wire release pulled. I thought that I would post it here in the open forum since there is no url link to this release anymore. RG --- PALM SPRINGS, Calif., Nov. 4 /PRNewswire/ -- Dempsey Mork announced today that he has filed a lawsuit in the United States District Court, Central District of California, against Rocky Mountain International Rocky Mountain trades on the OTC bulletin board under the symbol "RMII." The other defendants are Gary Morgan, Roland Breton, Micheal Puhr, Lorinda Liang, Wen Lan, Transecurites International, Lazar Levine & Co., Florida Stock Transfer, Riley G. Mathews, Scott Meyer, and World Marketing Alliance. The charges against the parties are for fraud, stock manipulation, conspiracy, the sale and distribution of unregistered securities, publishing false and misleading information, and violation of securities laws. Mork is prepared to prove in court that the defendants have manipulated the market for Rocky Mountain/Olympus stock from $.20 to $3.50 per share based on two sham transactions. According to Mork, "The first sham transaction was when Rocky Mountain, then named Olympus, announced an agreement to acquire a company named Palco. Prior to the announcement, Olympus' stock was trading at $.20 per share. The price of Olympus' stock rose to $4.00 per share on the announcement. The sham was that there was no Palco deal. "The second sham transaction was when Rocky Mountain, then named Olympus announced it had acquired a Wyoming based water bottling company with $21 million in assets. The $21 million in assets turns out to be a former veterinarian clinic used for bottling water with one employee. The maximum value of the facilities is under $100,000. "In addition to the sham transactions, certain of the defendants have swindled investors by issuing themselves enormous amounts of shares. At the beginning of this year, investors owned all of the approximately 1,000,000 shares of Olympus. Since then, defendants Morgan and Breton issued themselves 2 million shares of free stock, that had a market value of $7,000,000; plus an additional 4 million shares with a market value of $14,000,000 for which they will pay $4,000. Morgan and Breton at one time owned 6,000,000 out of 7,000,000 shares issued. "Morgan and Benton sought and obtained the assistance of the other defendants, who acted in various capacities, all of which assisted Morgan, Benton, and other stock promoters in manipulating the market of Rocky Mountain securities, and the sale and distribution of restricted Securities." For further information contact Dempsey Mork at 760-360-1042.