MANASSAS, VA, Feb. 3 /PRNewswire/ - 000 Inc. (EIGH.pk)
announces that it has provided the SEC today additional details of
EIGH's proposed merger with an OTCBB company per a February 2, 2011 SEC subpoena on the topic.
EIGH has confirmed with the SEC that it intends to issue a
public statement about the status of the current inquiry and has
requested the following of the SEC Staff:
- It has no objection to the Company's proposed merger in the
interim; and
- It has no objection to EIGH's request for its common stock
certificates in the merger be recalled [returned for cancellation]
as part of the transaction.
Those discussions are expected to ensue shortly.
Legal Counsel, through a second submission, will be:
~ Providing documents identifying the individuals EIGH believes is
responsible for the public posting of fraudulent and false
allegations made against the Company on internet investor forums
and blog sites.
~ Supporting evidence to prove clear association between ALL
these matters, and the individuals responsible, is also being
given.
~ Submitting further information relating to the fraudulent use
of the Company name and marks (including factual documents
identifying the recorded publisher of the illegal content on
www.8000inc.com (a former EIGH website that has been hijacked) and
the associated parties.
Shareholders and the public should also be aware that due to the
apparent refusal of at least one brokerage firm to provide a
physical certificate to one of its clients, an independent EIGH
shareholder, a complaint has been filed with the SEC and a case
number now formally allocated.
EIGH will continue to keep its shareholders
apprised as events unfold. Also keep updated on 8000inc
developments on Facebook or Twitter
www.brand8000.com
www.8000incgroup.com
www.8000inc.net
This news release contains forward-looking
statements that are subject to certain risks and uncertainties that
may cause actual results to differ materially from those projected
on the basis of such forward-looking statements. The words
"estimate," "project," "intends," "expects," "believes," and
similar expressions are intended to identify forward-looking
statements. Such forward-looking statements are made based on
management's beliefs, as well as assumptions made by, and
information currently available to, management pursuant to the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. For a more complete description of these and
other risk factors that may affect the future performance of 8000
Inc., see published disclosure documents at www.OTCMarkets.com.
Readers are cautioned not to place undue reliance on these
forwardlooking statements, which speak only as of the date made and
the Company undertakes no obligation to disclose any revision to
these forward-looking statements to reflect events or circumstances
after the date made or to reflect the occurrence of unanticipated
events.
SOURCE 8000inc
Copyright b. 3 PR Newswire