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Friday, 08/23/2002 6:40:32 AM

Friday, August 23, 2002 6:40:32 AM

Post# of 839
actually for a chronological history of this debacle...hit these links...

GECC News Source Citations (Updated Yet Again)

Springdale Penny Stock Violates SEC Regulations
8/19/02
By Jeffrey Wood, Arkansas Business

"Misleading financial statements, suspicious relationships and a questionable lawsuit appear to have helped Golf Entertainment Inc. turn a company shell into a shell game...."

SOURCE: http://arkansasbusiness.com/news/print_editions/ab_article.asp?aid=31361


Transactions Inflate Value of Golf Assets
By Jeffrey Wood
Arkansas Business - 8/19/02

"Christmas Day — or the day after, depending on which official corporate document one consults — marked a supposed public auction that transferred assets from an entity called the Genesis Trust to Golf Entertainment Inc...."

SOURCE: http://www.arkansasbusiness.com/news/article.asp?aid=31362


GECC Ties Show Criminal Histories
By Jeffrey Wood
Arkansas Business - 8/16/02

"Three of the five principals involved in suspicious public company activities related to Golf Entertainment Inc. in Springdale have prior criminal records.

Jim Bolt, who since December has assumed numerous titles in company documents including chief operating officer and vice president/chief financial officer, has three convictions on six felony counts dating to 1975...."

SOURCE: http://www.arkansasbusiness.com/news/article.asp?aid=31364


Golf Quarterly Report Verifies Lack of Cash
By Jeffrey Wood
Daily News - 8/21/02

"Golf Entertainment Inc., the Springdale penny stock that’s under investigation for apparent violations of Securities and Exchange Commission regulations, on Tuesday filed a first-quarter report that appeared to contradict earlier claims about the company’s financial position...."

SOURCE: http://arkansasbusiness.com/news/article.asp?aid=31377&keyword=Golf%20Quarterly%20Report


Golf Entertainment Evicted from Headquarters
By Jeffrey Wood
Daily News - 8/22/02 4:01:41 PM

"Golf Entertainment Inc., the Springdale penny stock that’s under investigation for an apparent conspiracy to defraud shareholders, was served on Thursday with a notice of eviction from its headquarters at 1008 Clayton St....."

SOURCE: http://www.arkansasbusiness.com/news/article.asp?aid=31384&cid=&ct=1


[NOTE: Viewing the articles cited above requires (free) registration on the arkansasbusiness.com Web site.]


Internet provider sues company over stock
BY MICHELLE BRADFORD AND ALEX DANIELS

"SAVANNAH, Ga. — Owners of an Internet service provider have sued Springdale company Golf Entertainment Inc., contending that its principals — three men with a history of suing officials in Northwest Arkansas — have tried to stop them from warning investors about an alleged stock manipulation scheme by the publicly traded Golf.

Carla Hohenhouse and Daniel Johanning sued on Monday in U.S. District Court in Savannah, Ga. Defendants are Jim Bolt, Golf’s chief financial officer and a convicted felon; John Dodge, Golf’s lawyer and a parttime judge in Benton County; Tim Brooker, Golf ’s chief executive officer; and one to 25 "unknown" others...."

SOURCE: http://www.nwanews.com/adg/story_arkansas.php?storyid=3960


LSR PROFILES
Golf Entertainment, Inc.
(OTCBB: GECC)

"This Edition Of Profile Uncovers Indications of Fraud At GECC...."

SOURCE: http://www.longandshortreports.com/profiles.php





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