Real-Time Update on Press Release
Posted by kcmholdings on January 16, 2012
Dear Investor Community,
I have decided to be completely open about this press release situation in order for all of you to know our efforts to get this on track.
We have been trying to officially retain a legitimate news and press relase firm. I am not going to mention any names but it is one of the big ones. However, because of our previous legal issues surrounding our former CEO, they now have their legal department involved. It only makes sense because they don’t want to be issuing press on behalf of a company that is in trouble with regulatory bodies.
I am going to share with you what I shared with this PR firm. The SEC investigation is concluded and I have signed off on documents settling the case. Nothing is preventing us from doing business at the moment. The PR company informed us that this may take 3-5 business days to process based upon this information. This obviously will result in a delay. However they do have the release, my billing information and all other details of the company. I have even offered to present our legal documents as proof.
I hope that you all understand the very nature of what we are dealing with. This is only one example of dozens of other challenges I am navigating in order to keep all our investors from losing an opportunity to see a positive return despite everything we have had to deal with. I have inherited these issues that are out of my responsibility but I am willing to do what it takes to overcome them.
As soon as we see resolution on this, I will let all of you know.
Ed Kang
