To: Janice Shell who wrote (787 ) 5/12/1999 9:12:00 PM From: Eyeswideopen Respond to of 7056
Great News - Just Released Wednesday May 12, 8:45 pm Eastern Time Independent Press Release Class Action Claims Allegations Have No Grounds LOS ANGELES--(EYESWIDEOPEN WIRE)--May 12, 1999--The following was released today by Independent Investigative Investor at Large "Eyeswideopen" Eyeswideopen announced today that he has cracked the case of the alleged fraudulent misrepresentations of one "Dorian Reed". "In order to have misrepresent himself, REED would have (1) had an obligation to provide full disclosure pursuant to section 15(d) of the 34 act as amended., (2) Hitsgalore (OTC:HITT - news) would have had to do a filing in which a misrepresentation could have been made. The 8K (information statement) filed by the Registrant, Systems Communications, Inc., included a document, wherein a representation that there were no pending lawsuits against the company "Hitgalore" were made between the Registrant (SCMI, which still had old officers/directors) and Hitsgalore, not its officers or directors. Furthermore Reed was not an officer or director of Hitsgalore at the time of the agreement or the 8K filing. Concluding that regardless of his knowledge of the FTC finding, Reed had no obligation nor opportunity to provide full disclosure." Eyeswideopen Stated. "Once the Registrant (NOW Hitsgalore) files its 1998 10K, Mr Reed, as an officer/director should make full disclosure of this and any other allegation or pending litigation so that investors may be fully informed. After which time (expected Friday May 14, 1999) all requirements will have been met by Hitsgalore and any further pursuit of allegation of class action claims will be futile." Eyeswideopen continued. Special Note: The preceding release contains "forward, backward, up, down and sideways statements" as defined by the PNRRA (Parity News Release Reform Act) Anyone taking this release as being anything other than an attempt to have a little fun with today's schizophrenic investment world is doing so at their own risk. Contact: Your Shrink (555) 222-1637