www.TOPSTOCK.com Reiterates No Association With Citron, Inc.Polus, Inc.Smartek, Inc.Electronic Transfer Association, Malibu, Inc. and/or InvestHoldings Group, Inc.
BEVERLY HILLS, Calif., Jan. 28 /PRNewswire/ -- This press release is being
issued in response to questions Stockbroker Associates, Inc. has received from
its clients and the public. Further, this release is issued to clarify
certain misinformation which is being disseminated upon the Internet
concerning Stockbroker Associates, Inc. and its website, www.TOPSTOCK.com.
At the request to an individual who identified himself as Peter Lybrant,
representative of Stockbroker Associates Inc., met with Mr. Lybrant to discuss
providing public relation services to certain companies with which Mr. Lybrant
purportedly was involved. Pursuant to that initial discussion, and in
anticipation of providing certain public relations services, Stockbroker
Associates Inc. posted on its www.TOPSTOCK.com website certain preliminary and
limited information concerning Citron Inc. (OTC Bulletin Board: CTRN) which
had been provided by Mr. Lybrant. Stockbroker Associates Inc. immediately
commenced a due diligence investigation of Citron Inc. as well as various
other companies Mr. Lybrant purposed to represent. Within several days it
became apparent to Stockbroker Associates Inc. that information could not be
verified or substantiated to the satisfaction of Stockbroker Associates Inc.
Stockbroker Associates Inc., therefore determined not to provide public
relations services, or any other services, to Citron Inc., Mr. Lybrant, or any
company represented by Mr. Lybrant. At this time, Stockbroker Associates Inc.
removed information concerning Citron Inc. from its www.TOPSTOCK.com.
The limited information concerning Citron Inc. appearing on
www.TOPSTOCK.com website appeared for only six days. Upon removing Citron
Inc. from the www.TOPSTOCK.com website, and determining not to proceed with
the provisions of public relations services to Citron Inc. and other companies
with which Mr. Lybrant was involved, Stockbroker Associates Inc. believes
their involvement with Mr. Lybrant and his related companies to have ended.
Stockbroker Associates Inc. did not give further consideration or thought to
the matter until the recent article published by MSNBC. In the opinion of
Stockbroker Associates Inc., the limited information concerning Citron Inc.
appearing on the www.TOPSTOCK.com website for only six days did not materially
affect the price of the stock of Citron Inc.
The MSNBC article contains inaccurate information as pertains to
Stockbroker Associates Inc. Contrary to what was reported by MSNBC,
Stockbrokers Associates Inc. never had any involvement with a company known as
Electric Transfer Associates (OTC Bulletin Board: ECTS). Further, to the
extent the MSNBC article implied there was a formal relationship between
Stockbroker Associates Inc. and any of the companies mentioned in the article,
such information would be incorrect. Stockbroker Associates Inc.'s
understanding that MSNBC is intending to publish a further article containing
the above clarifications.
In response to all of the Internet chatters, Tony Rago, President of
Stockbroker Associates, Inc. stated: "After removing Citron Inc. from
www.TOPSTOCK.com we had thought that was the end of it, and quite frankly,
never looked back. There is obviously a perception, among some portion of the
public, that PR firms are doing an injustice to the security industry. It is
unfortunate that some people jump to conclusions based upon misinformation. A
little homework would reveal the truth. I believe we are one of the few firms
doing things correctly. We strive to set higher standards in this industry."
"In this information age, it is sometimes difficult to determine what is
relevant and what is simply rumor. Stockbroker Associates Inc. provides
itself on quality versus quantity, as well as delivering information that is
accurate, in a professional and timely manner. We realize there are many
choices for information on investments. Stockbroker Associates Inc.
specializes in 'Industry Specific Companies.' Stockbroker Associates Inc.
profiles emerging industries with a vast array of exposure. We utilize the
World Wide Web through our website, www.TOPSTOCK.com, and proven publications
such as the Wall Street Journal. We offer timely information and complete
market overviews, including Amex, Nasdaq, NYSE, and OTC Bulletin Board," said
Tony Rago.
For further information, contact: Stockbroker Associates, Inc. at
(800) 518-1988 or visit our website www.TOPSTOCK.com
SOURCE Stockbroker Associates, Inc.
CO: Stockbroker Associates, Inc.; MSNBC; Citron, Inc.; Polus, Inc.; Smartek,
Inc.; Electronic Transfer Association; Malibu, Inc.; Invest Holdings
Group, Inc.
ST: California
IN: FIN
SU:
01/28/99 18:07 EST prnewswire.com
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