Toronto, CANADA, Apr 12, 2007 (M2 PRESSWIRE via COMTEX) -- Select American Transfer Co. wishes to respond to the Press Release issued by The BigHub.com, Inc. (Other OTC: BHUB.PK) on April 11, 2007.
Select American Transfer Co. would like to articulate its position with respect to The BigHub.com Inc.:
1. Select American Transfer Co. never gave a CERTIFIED shareholder list to the interim management of The BigHub.com Inc. It was a preliminary list that required review but was sent as a courtesy to the interim management of The BigHub.com Inc. clearly demonstrating no attempt to block Mr. Peterson from obtaining any records or information on a Company that is no longer a client.
2. Select American Transfer Co. has notified many parties of its resignation as Transfer Agent of The BigHub.com Inc. and did just that when called by www.pinksheets.com on March 30, 2007. Again, we resigned as Transfer Agent months ago and sent the records back to the company at the same time.
3. Select American Transfer Co. only issues shares after receiving DIRECT INSTRUCTIONS from company officers and or directors and the The BigHub.com Inc. was no exception. All shares have been issued after receipt of written instructions from previous management.
4. According to Select American Transfer Co., no shares were issued EXCLUSIVELY to certain individuals and or entities who may or may not reside in Canada.
5. To the best of our knowledge, US tax legislation and or regulation clearly defines a time period for a person and or entity to convert outstanding debt into shares. We believe that the interim management has lost its right to do so if this is their approach in assuming control over The BigHub.com Inc.
6. It is our belief that the interim management is attempting to manipulate share price through its actions at the expense of a former Transfer Agent. We hope this assertion will draw the necessary attention of all shareholders as such actions can harm them as well.
Nathan Rogers, President stated: " Mr. Peterson has not been called back by me personally because he has already misused and manipulated unverified information given by our staff to him in good faith. His PR's clearly demonstrate an attempt to distort the facts in order to mislead BHUB shareholders and manipulate share price. We are not going to waste any more time or resources with this matter but we are so disturbed by his actions that we will contact the SEC through our attorneys to let them know about his actions."
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