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Re: davos post# 48760

Wednesday, 04/28/2010 7:17:11 AM

Wednesday, April 28, 2010 7:17:11 AM

Post# of 72328
BASHERS are toast ! NEW YORK, April 28, 2010 (GLOBE NEWSWIRE) -- Zevotek, Inc., (OTCBB:ZVTK) (Frankfurt:T5V1), a worldwide direct marketer and distributor of innovative personal and home care items, today announced that market maker Spartan Securities Group, Ltd. filed an application yesterday to list Zevotek's shares on the Over The Counter Bulletin Board (OTCBB), where Zevotek's shares had been listed until April 26, 2010.  Zevotek's shares are currently listed on the OTCQB, a newly created marketplace for U.S. registered and reporting companies that are current on their reporting to the SEC.  Shares of many OTCBB listed companies, including Zevotek, were recently delisted from the OTCBB.  The widespread OTC delistings resulted from actions taken by market makers to stop making bids on OTCBB company stocksBy rule, delisting from the OTCBB occurs when a company stock does not have a market maker make bids over a four consecutive day period.  Spartan Securities Group, Ltd. and many other market makers have recently chosen not to comply with the OTCBB requirement due to the high costs that market makers incur to maintain OTCBB listings as compared to OTCQB listings. Commenting on the announcement, Zevotek's CEO, Rob Babkie, said, "Spartan Securities is showing its support and commitment to making a market in Zevotek stock by filing to have Zevotek's shares listed on the OTCBB.  The OTCBB delisting is not the result of any action taken by Zevotek.  The OTC marketplace is undergoing changes that are independent of Zevotek's business and out of our controlWe remain committed to being a fully reporting OTC company and are closely monitoring developments in the OTC marketplace." About the Company: Zevotek, Inc. plans to market and sell a range of innovative personal and home care items. Zevotek has a license to sell an energy saving compact fluorescent light bulb (CFL) named the Ionic Bulb, a light bulb designed for consumer use by combining the performance features of ionic air cleaning technology with those of a 10,000 hour reduced energy use compact fluorescent light bulb (CFL).  The Company sells the Ionic Bulb through TV infomercials and the Internet and plans to market Ionic Bulbs through catalogs, magazines and major U.S. retail and specialty stores.  The Company's 1 minute and 2 minute Ionic Bulb TV ads are designed to air on national cable channels, local broadcast channels and TV superstations. Zevotek directly sells the Ionic Bulb to consumers through http://www.newionicbulb.com and www.amazon.com. ;


All the above is my own opinion please do your own DD.