Conversion Solutions, Inc. (fka CVSU)

[Pennyland]

Conversion Solutions, Inc. Updates Shareholders

2006-07-31 22:45 CT - News Release

KENNESAW, Ga., July 31 /PRNewswire-FirstCall/ -- Conversion Solutions, Inc. , a Delaware Corporation, updates its shareholders to the effect that, the Fronthaul Group has received a new CUSIP number from Standard and Poors' CUSIP Bureau. The old CUSIP number of 361060 20 5 was replaced by CUSIP number 35904V 10 4, the ISIN number is US 35904v1044. Additionally, a corporate name change is currently under discussion with NASDAQ officials, there may need to be a trading acronym change, in any event the company will update shareholders as the discussions progress.

"I would like to report that, 104 shareholders have reported selling their company stock due to the false and misleading information posted on internet web-sites; www.our-street.com or www.stocklemon.com. Our attorneys will be in contact with these individuals shortly. They will be providing them with an affidavit package that will require their formal statements regarding the matter," stated CEO, Rufus Paul Harris and he goes onto say, "If anyone feels that they have been persuaded, or influenced in any way, to sell their company stock by information provided by person(s) on either of these two sites, or any other such site that we may not be aware of at this date, and would like to join a legal action to recoup their losses, then please send an email to [e-mail]. Please include your complete contact information including telephone number."

About Conversion Solutions, Inc

CVSU is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CVSU's primary service will be to acquire, fund and provide insurance coverage to target companies, in the currently under served $15,000,000 to $100,000,000 asset finance market. These services will enable our client businesses to compete more effectively, improve operations and increase their value. CVSU is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at www.cvsu.us.

Conversion Solutions, Inc.

CONTACT: Rufus Paul Harris of Conversion Solutions, Inc., [phone]

Web site: http://www.cvsu.us/