Grifco Inc (GFCI)

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Lots of investigations swirling around GFCI James Dial , this is Per SEC July 09 , 2007

"The Commission's investigation is continuing."

The Securities and Exchange Commission has filed securities fraud charges against two Texas individuals in a high-tech scam that hijacked personal computers nationwide to disseminate millions of spam emails and cheat investors out of more than $4.6 million.

The company stocks that were the subject of the Useltons’ spam campaign, according to the SEC’s complaint, included Oretech, Inc.; Intelligent Sports, Inc.; Advanced Powerline Technologies; Notch Novelty Corporation; Avondale Resources Corporation; Spooz, Inc.; ESPRE Solutions, Inc.; Grifco International, Inc.; Leatt Corporation; Adrenaline Nation Entertainment, Inc.; Equipment and Systems Engineering, Inc.; Gulf Petroleum Exchange, Inc. (currently Software Effective Solutions Corp.); and Wentworth Energy, Inc.
http://www.sec.gov/news/press/2007/2007-130.htm

For further information contact:
Cheryl J. Scarboro
Associate Director
SEC Division of Enforcement
202-551-4403
Additional materials:
http://www.sec.gov/litigation/litreleases/2007/lr20187.htm