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ADSV news on otcmarkets.com:
Apr 11, 2011
OTC Disclosure & News Service
Farmingdale, NJ -
NOTICE TO CLIENTS, INVESTORS AND SHAREHOLDERS
FARMINGDALE, NJ – APRIL 8, 2011 - Allied Security Innovations, Inc. (ASII) finds it proper and necessary to issue this release to inform its clients, investors and shareholders of its position in light of the article posted in the April 5, 2011 PIPE’s REPORT.
Much of what has been reported is untrue and is misleading in that it does not accurately describe either the historical events or current status.
After several attempts to resolve violations to the acquisition agreements, ASII was compelled to file suit against Mr. Erik Hoffer to protect the Company, its customers and its investors.
ASII contends that Hoffer initiated a concerted effort to impact Company performance to such a pervasive degree as to cause a default of a final balloon payment. We expect to prove in court that Hoffer, along with his co defendant Navatech, joined forces to undermine the reputation of the company by diverting business, unfairly competing and interfering with customer and investor relationships.
Though not the least of the distortions found in the article, is that which is written regarding ASII fulfilling its payments. ASII has never missed payments to investors as was reported.
At trial ASII will provide evidence of the pervasive efforts of the defendants to damage the company for the express purpose of causing a reversion of the company to its seller.
Mr. Hoffer’s statements to the press are proof of his continuing efforts to damage the company.
About Allied Security Innovations, Inc.
The company, based in Farmingdale, NJ, (Symbol: ADSV) develops and markets integrated enterprise-wide image applications specifically designed for criminal justice organizations. Customers include states, cities, counties, corrections, justice, and public safety agencies. Additional information is available online, at www.ddsi-cpc.com.
Its subsidiary, CGM Applied Security Technologies, Inc., with locations in Farmingdale, NJ and a factory in Staten Island, NY, is a leading manufacturer and distributor of Homeland Security products, including indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers, as well as a number of highly specialized authentication products. Additional information is available online, at www.cgm-ast.com.
Safe Harbor Statement:
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that
involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company’s operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors associated with our Company, review our SEC filings.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group, Inc. are solely responsible for the accuracy of such news releases.
http://www.otcmarkets.com/stock/ADSV/news?id=28820
TITL daily news coming out today? LOL!
EMLL 2 left- going off news
EMLL .0007s dropping
CANT is a diluter. CANT did the same thing on PTSH a few months back at .001, it got over $50k dollar volume at .001 after news was released and CANT wouldn't move.
Where is PTSH now... it was bidless and just did a reverse split PTSHD
You seem very confident that this is gonna go to .0002 and under.. the bottom's been reached, smart traders are loading .0003's. it sat there and never lost the 0002's. this thing is poised and ready
APTDQ .0005 break and we're ready
MONA .0001 x .0002 fresh play?
UWRL Friday Tips April 8: US Wireless Online, Inc. (UWRL; http://www.uswirelesscorporation.com) published the company's year-end financial report for the 12 months ended Dec. 31. The financial information is available for review at http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=47117
DTSL bounce? LOL
TITL daily news coming out today? LOL
Yes but whats causing the buying right now, filing or just momo
Whats the story here??
PSRU .002 booooom
How's it looking again? LOL
Ok so buy some 0004s then
LOL!!!! GOOD ONE
BKPR reminding me too much of ITCJ, look at the charts folks
LOOOL jimmy you summed up what I wanted to say.
His judgement cometh
But the buying was not done on the bid side, someone (UBSS) was selling on the ask and people were buying. I'm a shareholder here myself and slapping myself in the face for buying this POS that I knew would see a new 52 week low.
And what shareholder would sell $85,000 worth at .0005? The 52week low is .0004 and that was just skimmed last time barely. Someone obviously has shares that were given to them at a lower price, which is why they had so much to sell at .0005
It's not hard to determine whats happening here..
Knuckle heads? How so? This stock had $85,000 volume at .0005 yesterday, and the day before that around $18,000. Yet, it did not even uptrend to a bid of .0006
This is being heavily diluted and now that UBSS is on the ask at .0004 along with TWO other mm's people are hitting the bid. UBSS was the culprit to begin with that sold all those .0005's
Knuckle heads? No, more like saving the rest of your $ from being slaughtered.
save me some
Whats going on here? almost $90,000 dollar volume yesterday and its whacked to .0004? wtf
TITL DAILY NEWS COMING OUT TODAY AT 3:47?? LOL
Nice DD holding my MPPCQ .0008's
NTHD ready here .0011
NTHD .0011 bounce
MPPCQ .0017 alerted at .0008
MPPCQ .0017
MPPCQ .0017
TITL daily news out 3:47
I know that but still how the hell does it not uptrend on merger completion news.. TITL daily news out today LOL
LOL @ THIS STOCK
BKPR .0005 Big vol yesterday and today 1 left
BKPR huge vol yesterday + today .0005 1 left
BKPR huge vol yesterday + today .0005 1 left