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Younger America Inc. (fka YNGR) RSS Feed

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YOUNGER AMERICA, INC.
Business Entity Information
Resident Agent Information / NEVADA STATE CORPORATE NETWORK, INC
Financial Information / Par Share Count: 10,000,000,000.00 Par Share Value: $ 0.001
Officers / President - MANNY SHULMAN

THESE SHARE COUNTS ABOVE WILL BE CHANGED WHEN NEVADA UPDATES. 01/23/08



SEC Charges South Florida Residents and New York Attorney in Penny Stock Distribution Scheme

Litigation Release No. 20984 / April 2, 2009

SEC v. Frank C. Calmes, Lynn D. Rowntree, Manny J. Shulman, James E. Pratt, et al., Case Number: 9:09-cv-80524 (S. D. Florida, filed April 2, 2009)

SEC Charges South Florida Residents and New York Attorney in Penny Stock Distribution Scheme

On April 2, 2009, the Securities and Exchange Commission filed a civil complaint in United States District Court for the Southern District of Florida against south Florida residents Frank C. Calmes, Lynn D. Rowntree, and Manny J. Shulman, New York attorney James E. Pratt, and Younger America, Inc., formerly known as Infinity Acquisition Corp. and Infinity Music Corp., alleging that the defendants conducted an illegal penny stock distribution scheme that generated ill-gotten gains of approximately $3.9 million between 2004 and 2008.

The complaint alleges that Calmes, Rowntree, and Shulman devised a scheme to illegally sell large amounts of stock of small companies after they had arranged for the companies' shares to be publicly quoted. According to the complaint, these illegal stock distributions were often facilitated by baseless legal opinion letters written by Pratt and in some cases by fraudulent wash trades by Rowntree. The complaint further alleges that Calmes and Shulman took control of Younger America, one of the companies they had helped become publicly quoted, and disseminated false information to facilitate illegal sales of its stock by themselves and others. According to the complaint, many of Shulman's illegal sales were made through accounts held by his wife, Krystal A. Becnel, who is named in the Commission's complaint as a relief defendant.

The Commission's complaint alleges that Calmes, Rowntree, and Shulman violated the antifraud provisions of the securities laws contained in Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and that all of the defendants violated the registration provisions contained in Sections 5(a) and 5(c) of the Securities Act of 1933. The Commission seeks officer and director bars against Calmes and Shulman, penny stock bars against Calmes, Rowntree, Shulman, and Pratt, and disgorgement, plus prejudgment interest, and civil penalties against all of the defendants.


http://www.sec.gov/litigation/litreleases/2009/lr20984.htm


Corporate Profile
Key Information
Symbol: YNGR
Mailing Address: 2400 E. Commercial Blvd. Suite 500
Ft. Lauderdale, Florida 33308
Fin. Quarter Cycle:
Fiscal Year End:
Officers: Manny Shulman

Executive Biographies
http://www.youngeramerica.com/index.php?content=15
Manny Shulman, CEO, LIAR
(January 1990 to Present) Management Consultant specializing in, but not limited to corporate finance, investor relations, equity and debt financing and funding. During this time frame Mr. Shulman has been responsible for equity debt investments in excess of $800 million. He has also represented public companies and specialized in enhancing shareholder values through direct consulting services.  Not true

(January 1989 to November 1990) Managing Director, Vice President of J. Gregory & Company, Inc., member N.A.S.D, SIPC, a full service brokerage firm specializing in underwriting for special situation corporations and a full corresponded with Morgan Stanley & Company. Mr. Shulman was responsible for Corporate Finance and Underwriting activities.   Not true

(August 1987 to December of 1989) Managing Director of Mid-Tex Corp a Private Merchant Bank specializing in energy related investments (Mid-Tex Corp. Majority Shareholder was the Schnitzer Family of Portland, Or., worldwide revenue for 1989 was in excess of $600 million). Funded Private Placements raising initial equity in excess of $20 million and also provided financing to acquire 2 well service companies (1990-2 combine revenues in excess of $40 million and 5000 wells).  Not True

(September 1984 to August 1987) Senior Vice President of TransCapital Corp., a Washington D.C. based Investment Banking firm with expertise in structuring investments in highly leveraged lease transactions involving commercial aircraft and state-of-the art computer equipment on lease to Fortune 500 companies and funding on certain sale-leaseback as part of management team that funded debt and equity transactions in excess of $500 million.  Not true

(June 1980 to August 1984) Held positions on Wall Street with such firms as Merrell Lynch, Pierce Fenner & Smith, Herzfeld & Stern (acquired by Gruntal & Co.), Tiffany Consultants, Ltd. (formally Portfolio One Associates), Cornwall Securities. His responsibility was to raise equity institutions, pension advisors and syndicate groups. He has arranged for equity and debt funding and financing for Corporations, private and public, Real Estate Limited Partnerships, Oil & Gas Exploration, Equipment Leasing Trusts & Money Managed funds, and JT. Ventures.  Not True

Investor Relations:
Competitive Edge Consultants, Inc. (CEC)
Contact for Younger America Investor Relations
Dale Semler
(856) 428-2678
 

Affiliates
Life without Pain

At Life Without Pain, LLC (LWP), we believe every day should be a day without pain. That’s why we’re committed to using advanced technology to develop medical products and solutions that focus on both pain management and relief.

LWP strives to provide products that are user-friendly, environmentally safe, non-prescriptive and affordable. It is our mission to help improve our customers’ quality of life and enable them to have pain-free days without the side effects of medication.

http://www.youngeramerica.com/index.php?content=9

Transfer Agent:
Olde Monmouth Stock Transfer Co., Inc.,
Atlantic Highlands, NJ 07716

New Investor Relations by CEO/MGMT: added 12/20/07

Competitive Edge Consultants, Inc. (CEC)
Contact:
Younger America
Investor Relations
Dale Semler
(856) 428-2678
Competitive Edge Consultants, Inc added 12/20/07 
 

Link to all Press Releases
http://www.pinksheets.com/quote/news.jsp?symbol=yngr :12/19/07
Estimated Market Cap
482,000 as of Dec 18, 2007
Outstanding Shares
4,820,000,000 as of Jul 11, 2007
Authorized Shares
10,000,000,000 as of Jul 11, 2007
Number of Share Holders of Record
1,673 as of Jul 11, 2007
div 1673 into 4,820,000,000='s shares for each shareholder.
average per shareholder is : rounding it off 3,000,000 shares


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