DRGP News just out... --------------------------------------------------------- Dynamic Response Group, Inc. Stays the Course in Spite of Harsh Selling
Company Set to Investigate Short Selling and Historically High Volume
MIAMI, Aug 02, 2007 (BUSINESS WIRE) -- Dynamic Response Group, Inc. (OTCBB:DRGP) announced today that there is no fundamental reason for the dramatic drop in its share price and is currently and aggressively investigating the potential of naked shorting of its stock. The company recently had its shares trading at .31 or a market cap of nearly 24 million dollars. In the past three weeks it has seen its share price and market valuation decrease to all time low levels. As of this press release, the stock is trading at .06.
"There is no reason for this dramatic drop in our stock," says CEO Melissa K. Rice "The fundamentals are here. As we have stated in the past, we are committed to doing what we do best, which is to market exciting products in an efficient and profitable way. We are aggressively moving our business plan forward as well as protecting our shareholders from short sellers. We are investigating to see whether there is illegal activity, as this market activity has no correlation to our release of information or our performance. It continues to be our goal to provide full and fair disclosure to the marketplace and review any activity that does not lead to an orderly market."
About Dynamic Response Group, Inc.:
Dynamic Response Group, Inc. (OTCBB:DRGP) ("DRG") creates, develops and markets innovative products addressing large national and international consumer audiences primarily through direct response TV (DRTV) and Internet advertising. Three of DRG's products have surpassed the $1 million gross sales milestone.
DRG is the innovator and direct response retailer of highly effective products and services including: ProCede(TM), a hair thickening system for men that has generated sales in excess of $22 million; "Backyard Drills with Bill Parcells," a DVD series for fathers and sons (sales surpassed $1 million in April 2006); The Sonic Clean Between Machine(R), an oral hygiene product (sales surpass $1 million in April 2006); Allure Smile and SeroTrol and others.
ProCede consistently ranks in the top 5 most-aired short-form infomercials in the U.S., ranking in the top 5 for 22 consecutive months, and reaching number 1 of all products in the Health and Beauty category twice in that time period (Infomercial Monitoring Service). To date, ProCede has received registration approvals in 28 foreign countries including the European Union, United Arab Emirates and South Africa, and the company plans on making an announcement shortly outlining international distribution plans for its powerful patent-pending formula.
This press release includes ``forward-looking statements' within the meaning of the federal securities laws, commonly identified by such terms as ``believes,' ``looking ahead,' ``anticipates,' ``estimates' and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
SOURCE: Dynamic Response Group, Inc.
CONTACT: For Dynamic Response Group, Inc., Miami Summit Financial Partners, LLC Anthony D. Altavilla, President, 317-218-0204
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