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Created: 03/10/2007 08:22:17 PM - Followers: 9 - 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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#176 ISHM being slept on , will add on $on_myMind 06/29/2021 01:35:37 PM
#175 A single trade in ISHM the other day buxmaker 06/03/2021 12:33:39 PM
#174 A sleeping giant! aljafy 06/01/2021 03:26:09 PM
#173 Something is definitely up with ISHM. We have buxmaker 06/01/2021 12:08:54 PM
#172 Another good day for ISHM. Up again. Hopefully buxmaker 08/17/2020 11:42:42 AM
#171 Oh I‘ve been watching ever since I was cruecu 08/14/2020 08:57:45 PM
#170 Some huge bids today, a 1.35 million share buxmaker 08/14/2020 08:56:02 PM
#169 Sure. But clearly some good contacts cruecu 08/14/2020 06:54:38 PM
#168 Yea but ISHM has a long way to dontknowsht 08/14/2020 06:39:23 PM
#167 They found a ridiculous merger for uapc. Good sign. cruecu 08/14/2020 06:01:00 PM
#166 They found a good merger for UAPC. BMIN dontknowsht 08/14/2020 05:47:30 PM
#165 Someone seems impressed enough to place a 1.35 buxmaker 08/14/2020 11:46:57 AM
#164 no one knows if there are bad or dontknowsht 08/13/2020 08:00:03 PM
#163 Are they really that bad? I noticed that andre1234 08/13/2020 07:11:18 PM
#162 Dollar volume says it hasn’t even started yet. cruecu 08/12/2020 11:53:30 PM
#161 Dang...I just put this on watch list the MOTSUR 08/12/2020 11:30:22 PM
#160 careful with Universal Management. They have 0 track dontknowsht 08/12/2020 07:47:17 PM
#159 ISHM starting to take off, up to .012 now. buxmaker 08/12/2020 02:41:55 PM
#158 Lots of accumulation in the .005 area for buxmaker 08/10/2020 02:09:35 PM
#157 it does have a very good Share Structure. dontknowsht 08/06/2020 08:29:49 PM
#156 Custodianship just filed for ISHM buxmaker 08/06/2020 02:35:11 PM
#155 I am surprised ISHM isn't at .03-.05. Most buxmaker 08/06/2020 02:34:31 PM
#154 Will have a merge in a couple of months. dontknowsht 08/06/2020 12:26:46 PM
#153 ISHM running again today. Huge bids buxmaker 08/05/2020 02:26:41 PM
#152 Custodianship filed Richbaby 08/05/2020 02:22:53 PM
#151 $ISHM: Running here at $0.004 makinezmoney 07/16/2020 10:37:55 AM
#150 Nice bro! Way to hold them UN_VC load! Sam'd'Mil 08/01/2019 07:34:27 PM
#149 Sorry can’t reply on the other board lol unvctrader9m 08/01/2019 07:10:15 PM
#148 What happened with ISHM? 7.4 million shares buxmaker 07/29/2019 02:45:23 PM
#147 I show there was a Godaddy Whois update OnceBrokeMama 07/29/2019 01:40:33 PM
#146 nah nodummy 07/29/2019 12:26:34 PM
#145 264xs ave vol,getting scanners attention 81vette 07/29/2019 12:23:11 PM
#144 custodianship takeover maybe 81vette 07/29/2019 12:22:11 PM
#143 re: the OTC securities details nodummy 07/29/2019 12:19:57 PM
#142 why verify if nothing is going on,makes no 81vette 07/29/2019 12:15:23 PM
#141 $ ISHM What-a-pop here today... ;-) Sam'd'Mil 07/29/2019 12:14:27 PM
#140 it is part of Transfer Agent Verified Share WiseTrader 07/29/2019 12:07:11 PM
#139 Website also under construction.. says " coming soon". Merger imo S3lfMade 07/29/2019 12:06:33 PM
#138 blowing up,ss update on 26th,somethings coming 81vette 07/29/2019 11:58:23 AM
#137 ISHM volume on watch Coniba 07/29/2019 11:40:10 AM
#136 why does this still trade??? RANCH11 03/22/2016 02:38:14 PM
#135 anyone still watching ISHM nice vol today? 15-15D funnyG986 08/27/2015 11:12:25 AM
#134 ISHM couple ask smacks today maybe we are threewheeler 08/20/2015 11:00:23 AM
#133 $ISHM recent news/filings stocktrademan 07/25/2015 02:36:57 PM
#132 new ceo would be great news $treet Trader 07/15/2015 01:04:34 PM
#131 Just got email from George Lichter CEO of Wisebuys 07/15/2015 01:03:17 PM
#130 ISHM .008 up again, lets go $treet Trader 07/14/2015 02:44:04 PM
#129 ISHM .0075 going $treet Trader 07/14/2015 01:04:24 PM
#128 ISHM that's what Im looking for break .01s threewheeler 07/14/2015 12:58:14 PM
#127 ISHM .0075 could see multi pennies 52,493,592 o/s $treet Trader 07/14/2015 12:41:59 PM
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