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Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (4955)	4/16/1998 4:14:00 PM
From: DAVID C. DeANGELIS	Read Replies (2) \| Respond to of 7054

<CRIMINALS SH@T & THEN SPEAK Apr 16 1998 4:11PM EDT THIS PROVES THE SHORTS ARE IN SERIOUS TROUBLE PANIC COVERING BEGINS AT OPEN TOMMOROW THESE CRIMINALS ARE PATHETIC!!! WHAT A JOKE ------------------------------------------------------------------------ Thursday April 16, 3:43 pm Eastern Time Company Press Release Key West Issues Update & Re-Iterates Its Sell of ACRT HURST, Texas--(BUSINESS WIRE)--April 16, 1998--Key West reports on Feb. 18, 1998, David Shimron, trustee for the bankruptcy case in Israel against CEO and founder of ACTRADE, Amos Aharoni, filed suit in U.S. Federal Court in the Southern District of New York, Case No. 98B41127. Most recently on April 14, 1998, Shimron submitted his affidavit stating that Aharoni left Israel in the midst of allegations that there were ''missing and or misappropriated assets from various enterprises in which he was involved.'' This statement directly contradicts Aharoni's account in the Wall Street Journal on March 23, 1998 in which Aharoni states ''simply got caught when the Israeli Government stopped allowing loans linked to the U.S. Dollar.'' Further in the same article, Aharoni says ''he came to the U.S. to seek financing.'' However, a reading of Actrade's public filings with the SEC discloses ACRT was incorporated in New York on July 18, 1985, almost five months prior to Aharoni's fleeing the country of Israel, according to Trustee Shimron. In addition, Aharoni formed and incorporated ALLSTATE travel in August of 1985, three months before he fled the country. Key West Analyst Anthony Elgindy states, ''It appears to us after much research that not only did Aharoni flee Israel with the knowledge that he was being pursued but that any subsequent ventures and/or his departure from Israel may have been financed with 'Misappropriated' funds. In addition, and this is very important, Aharoni did not become bankrupt and then leave the country; he became bankrupt because he left the country. In addition, Aharoni controls 30% of ACTRADE through an obscure offshore company called NTS. These facts, along with the Trustees pursuit in seizing Aharoni's assets here in the U.S. and other principals facing fraud charges, re-affirm Key West's position.'' Key West is a Market Maker and maintains a position consistent with the above recommendation. ------------------------------------------------------------------------ Contact: Key West Securities, Inc., Hurst Anthony Elgindy, 817/428-5020 ÿ