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A one popped up today from ISBL ...



SOURCE: Ise Blu Equity Corp.
Apr 29, 2008 10:06 ET
Ise Blu Equity Corp. Discusses Trading Suspension

ORLANDO, FL--(Marketwire - April 29, 2008) - Ise Blu Equity Corp. (PINKSHEETS: ISBL) As many shareholders are aware the United States Securities and Exchange Commission commenced the suspension of trading of company shares on April 21, 2008 because of non-filing of 1934 act reports such as 10Q and 10K statements, for a period of 10 years, beginning in 1998. The Securities and Exchange Commission claims to have notified the company of this matter by sending notice to an address in Iowa at which the company has not operated since 1998. WTF??

Current corporate management was unaware of this matter and does not believe it is possible to meet the requirements of the Securities and Exchange Commission to being the company current for its previous 10 years of filings. One of the main reasons is that there have been several operating companies who transitioned in and out, none of whose management we have been able to contact in the past week.

The company will begin trading as a grey market company on May 2, 2008.

Management is exploring its options through its legal counsel. These options include filing a new form 15c211 with audited financial statements which is difficult because it requires the first quarter 2006 information from the predecessor Chinese operation Net Cert, Inc. which has been unavailable. Other options include selling Ise Blu to another public company and registering the shares to be received by current ISBL shareholders, waiting until the company can complete a 2007 and 2008 audit, and then filing a form 15c211 or taking one of the subsidiaries public for the current shareholders benefit.

You will be kept informed as we progress towards these decisions. Be assured we are actively seeking solutions.

We certainly apologize for any difficulty this presents our shareholders and we would have taken the opportunity to rectify the situation had we known it existed in the first place.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.