Conversion Solutions Holdings (fka CSHD)

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Our-Street.com: Our-Street.com receives copy of Cease and Desist Order terminating $1.328 Billion in Conversion Solutions Holdings Deposits

Tuesday , September 05, 2006 08:25 ET

KENNESAW, Ga., Sep 05, 2006 (M2 PRESSWIRE via COMTEX) -- Our-street.com, a financial watchdog website has received, from a third party, a copy of a Cease and Desist Order dated August 31, 2006 by the Humanitarian & Scientific World Foundation, LTD a Georgia LTD Foundation toward Conversion Solutions Holdings (OTCBB CSHD). The Order terminates the previously announced deposit of two financial instruments totaling over $1.328 Billion into Conversion Solutions' account. In addition to claiming Conversion Solutions failed to provide agreed upon credit facilities, the order also accused Rufus Harris, Conversion's CEO, and the company of "a potential attempt to deceive our organization."

According to an article in the New York Post, a spokesperson for the Fund acknowledged the order and confirmed that the relationship between Conversion and the Fund is over. An email received by Our-Street.com from the Fund further indicates that Mr. Harris is aware of the situation and is attempting to make amends to the Fund.

The Cease and Desist order can be read at http://www.our-street.com/featured.htm Our-Street.com is an internet based public company watchdog that researches companies and publishes reports and files complaints with various regulatory agencies. Our-Street.com has reported on 22 companies and, of these, to date, it has been subsequently revealed by at least 12 of these companies or other sources that the company or people named in the Our-Street.com complaints were the subject of an SEC investigation or inquiry.

Note: Our-street.com is not a financial or investment advisor and is not offering stock for sale or giving investment advice. For investment advice contact a non-conflicted registered investment advisor or non-conflicted broker. The best place to get information about a company is from the SEC. Specific information about Conversion Solutions, Inc can be gotten by using this link http://www.sec.gov/cgi-bin/browse-edgar?company=furia&CIK=&filenum=&Stat e=&SIC=&owner=include&action=getcompany

Neither Our-Street.com nor its owner has or has had a position, either long or short in FHAL. Our-Street.com has not been paid or compensated in any way to conduct the research and file this complaint. In fact we do not trade stocks at all. For more information refer to our disclaimer at www.our-street.com/disclaimer.htm . Our-Street.com strives to be accurate and will promptly correct any errors in posted information. Simply email us with any corrections along with documentation.

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