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Infosearch Media Inc (ISHM)

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Last Post: 8/1/2019 7:34:27 PM - Followers: 5 - Board type: Free - Posts Today: 0

ISHM.OB InfoSearch Media Reviewing Transactions in Its Common Stock 3/9/2007 MARINA DEL REY, CA, Mar 09, 2007 (MARKET WIRE via COMTEX News Network) -- InfoSearch Media, Inc. (OTCBB: ISHM), a leading online text and video content producer, today announced that it has commenced a review into possible unauthorized trading in InfoSearch Media's common stock facilitated by Louis Zehil, a former partner at McGuireWoods LLP, former legal counsel to the Company. The Company is reviewing the issuance of shares during May 2005 and several stock sales during the period from June through November 2005 whereby restrictions on the right to transfer InfoSearch Media's shares were removed from stock certificates. "If the transactions described above took place, they were carried out by Mr. Zehil without authorization from the Company and were contrary to our understanding that McGuireWoods had taken steps to ensure that no shares were issued or sold without the appropriate restrictions in place," said George Lichter, InfoSearch Media's CEO. "We are determined to carefully review and resolve this matter." The Company began its inquiry after it learned that the Securities and Exchange Commission had commenced an enforcement action against Mr. Zehil alleging that he had engaged in a fraudulent scheme to obtain and sell to the investing public shares of securities in several other companies in violation of the antifraud and registration provisions of the federal securities laws. The SEC enforcement proceeding does not include allegations with respect to the securities of InfoSearch Media, but, at the time of the transactions under review, Mr. Zehil was a partner of the Company's external legal counsel, McGuireWoods LLP, and also served as the Company's corporate secretary. The Company has commenced a review into this matter and any findings material to the Company will be reported when the review is complete. Because this review is in its early stages, the Company does not know whether any of the shares under review were issued improperly without the restrictive legends or whether the investigation might uncover additional material information. The Company has been advised by McGuireWoods LLP that the firm has reported this matter to the Securities and Exchange Commission. InfoSearch Media has retained outside counsel to assist with its investigation into this matter. About InfoSearch Media InfoSearch Media (http://www.infosearchmedia.com), the largest dedicated provider of "smart," search-targeted text and video content for the Internet, is designed to obtain higher rankings, brand recognition and better website performance for publishing and media clients. InfoSearch Media's network of professional writers, editors, other technical specialists and video production facilities also help businesses succeed on the web by implementing text and video content-based Internet marketing solutions. Whether a business needs local ranking in 100 cities or a content publisher who understands the need for targeted online content, InfoSearch Media offers the outsource solutions, capacity and reputation to help any company win the audience they need on the Internet. Safe Harbor Statement This release contains "forward-looking statements" that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Management assumes no obligation to comment on or provide an update to its stock purchases or sales in the future except as specifically required by law and by the Securities and Exchange Commission. Factors that might cause such differences include, but are not limited to the challenges of attracting new customers and maintaining existing customers and developing, deploying and delivering InfoSearch services; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers and other risks described from time to time in InfoSearch's filings with the Securities and Exchange Commission. In particular, see InfoSearch's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from InfoSearch. InfoSearch does not assume any obligation to update the forward-looking information contained in this press release. Contact: Investor Contact: Brinlea Johnson The Blueshirt Group, for InfoSearch Media 415/217-5861 Contact via http://www.marketwire.com/mw/emailprcntct?id=64BDFBD02C3CF58E Media Contact: Heather Gore 310/822-7741 Contact via http://www.marketwire.com/mw/emailprcntct?id=17355320044A3CD1 SOURCE: InfoSearch Media Copyright 2007 Market Wire, All rights reserved.
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#150   Nice bro! Way to hold them UN_VC load! Sam'd'Mil 08/01/19 07:34:27 PM
#149   Sorry can’t reply on the other board lol unvctrader9m 08/01/19 07:10:15 PM
#148   What happened with ISHM? 7.4 million shares buxmaker 07/29/19 02:45:23 PM
#147   I show there was a Godaddy Whois update OnceBrokeMama 07/29/19 01:40:33 PM
#146   nah nodummy 07/29/19 12:26:34 PM
#145   264xs ave vol,getting scanners attention 81vette 07/29/19 12:23:11 PM
#144   custodianship takeover maybe 81vette 07/29/19 12:22:11 PM
#143   re: the OTC securities details nodummy 07/29/19 12:19:57 PM
#142   why verify if nothing is going on,makes no 81vette 07/29/19 12:15:23 PM
#141   $ ISHM What-a-pop here today... ;-) Sam'd'Mil 07/29/19 12:14:27 PM
#140   it is part of Transfer Agent Verified Share WiseTrader 07/29/19 12:07:11 PM
#139   Website also under construction.. says " coming soon". Merger imo S3lfMade 07/29/19 12:06:33 PM
#138   blowing up,ss update on 26th,somethings coming 81vette 07/29/19 11:58:23 AM
#137   ISHM volume on watch cbo 07/29/19 11:40:10 AM
#136   why does this still trade??? RANCH11 03/22/16 02:38:14 PM
#135   anyone still watching ISHM nice vol today? 15-15D funnyG986 08/27/15 11:12:25 AM
#134   ISHM couple ask smacks today maybe we are threewheeler 08/20/15 11:00:23 AM
#133   $ISHM recent news/filings stocktrademan 07/25/15 02:36:57 PM
#132   new ceo would be great news $treet Trader 07/15/15 01:04:34 PM
#131   Just got email from George Lichter CEO of Wisebuys 07/15/15 01:03:17 PM
#130   ISHM .008 up again, lets go $treet Trader 07/14/15 02:44:04 PM
#129   ISHM .0075 going $treet Trader 07/14/15 01:04:24 PM
#128   ISHM that's what Im looking for break .01s threewheeler 07/14/15 12:58:14 PM
#127   ISHM .0075 could see multi pennies 52,493,592 o/s $treet Trader 07/14/15 12:41:59 PM
#126   in for some ISHM threewheeler 07/14/15 12:40:05 PM
#125   in ISHM .006 on 15-15d $treet Trader 07/14/15 12:08:20 PM
#124   ISHM is looking good kranthikumar 11/08/13 09:58:43 AM
#123   Just checked the Delaware SOS site and this rattlewatch 12/19/11 07:13:18 PM
#122   Reg Sho list on 7/21.Preet Bharara might be rattlewatch 07/29/11 08:01:56 PM
#121   While we wait.... rattlewatch 07/07/11 04:19:15 PM
#120   I wonder if Infosearchmedia notified the court about rattlewatch 06/08/11 02:13:31 PM
#119   Not going anywhere myself..holding for years and added rattlewatch 05/24/11 05:33:46 PM
#118   ishm..im in and holding..well i have been in acc724 05/24/11 01:42:04 PM
#117   You all are too much! One day after rattlewatch 05/12/11 08:26:57 PM
#116   Has anyone else clicked on this link? rattlewatch 05/01/11 06:48:18 PM
#115   Not sure if we're seeing part of a rattlewatch 04/20/11 04:43:31 PM
#114   Infosearch Media (ISHM) BigBadWolf 04/04/11 04:34:48 PM
#113   take it/bid up just high enough to entice BigBadWolf 04/04/11 04:33:49 PM
#112   appears as though some may want to get BigBadWolf 04/04/11 04:32:54 PM
#111   2500 buys 118,200 sells. BigBadWolf 04/04/11 04:32:23 PM
#110   The tax assessment is only 12,328.77.It's not a rattlewatch 03/19/11 03:34:30 AM
#109   How much were the taxes rattle? thx RANCH11 03/19/11 01:45:23 AM
#108   How much were the taxes rattle? thx RANCH11 03/19/11 01:45:14 AM
#107   How much were the taxes rattle? thx RANCH11 03/19/11 01:45:10 AM
#106   "Renewal for Void" from the Delaware Secretary of rattlewatch 03/17/11 03:16:00 PM
#105   Trying to get a handle on the share rattlewatch 03/12/11 06:43:38 PM
#104   How long does a website redesign take? rattlewatch 03/11/11 03:23:43 PM
#103   Louis Zehil sentenced to 3 years. rattlewatch 03/03/11 01:10:45 PM
#102   Contacted Namecheap ,turns out they had a server rattlewatch 02/10/11 12:06:47 PM
#101   It's a conspiracy i tell ya,a conspiracy,lol.First .com rattlewatch 02/05/11 04:25:44 PM