Replies to post #258 on Park & Halpern (P&H)

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OTCBB Headlines: Integrity Securities Requests Statement By FederalReserve Chairman Clarifying DTC and NSCC Policies To End The Erosion ofConfidence in the U.S. OTC Bulletin Board Exchange

City of Industry, CA, February 5, 2003 (financialnewsusa.com via COMTEX) -- Integrity Securities, Chairman and CEO Matthew Marcus Appeals to Alan Greenspan in defense of the Integrity of the United States OTC Bulletin Board Exchange.

Mr. Marcus stated, "DTC is a Branch of the Federal Reserve and is required by U.S. Law to abide by Federal Reserve rules as a depository. On behalf of all OTCBB issuers and participants I kindly request written clarification of the Federal Reserve's position on DTC's policies on "Naked Shorting" and immediate resolution to the most controversial financial issue facing America since the Adelphia, Enron, and WorldCom scandals. The DTC has no authority to establish 'Certificate Issuer Only' guidelines and based on legal opinions could contravene Federal Depository rules in any attempt to block the withdrawal of OTCBB companies fighting naked shorting abuses from its system."

Marcus continued, "Small Publicly Traded companies are the bread and butter of America and are literally being destroyed by monetary terrorists in refuge behind the veil of offshore accounts in foreign countries manipulating the U.S. securities settlement system. The time has come for the leadership in this country to address the inherent flaws of DTC and NSCC which are crushing the valuation of American Small Business and the ability to raise capital and survive. I strongly urge Federal Reserve Chairman Alan Greenspan to make a statement on the Federal Reserves position to clarify and or revisit its strategy to defend American Business against foreign predators".

Integrity specializes in OTC market analysis and strategies which curb short selling activity. Integrity Securities is a NASD licensed Registered Investment Advisor and member of Synergy Investments clearing through Pershing, a division of the Bank of New York. Integrity specializes in providing financial services to institutional OTCBB clients including FreeStar, Sionix Corporation (OTCBB: SINX), Delta Capital (OTCBB: DCTN), and Growth Management (OTCBB: GPMT). Mr. Marcus was recently presented with the Magellan award for excellence in Financial Communications by, the Los Angeles Communications professionals (www.lacp.com).

Mr. Greenspan may contact Mr. Marcus at Integrity Securities at Tel: [phone] or Email: [e-mail] to discuss.

A newswire by Dow Jones Reporter Carol Remond issued Wednesday, January 29, 2003 suggests Remond's newswire Friday, January 24, 2003 claims that actions of The Depository Trust & Clearing Corporation (DTCC) to move to a "paperless" electronic transfer system for securities has led to the DTC (a subsidiary of DTCC) refusing any exit by a public company seeking to remove stocks from the global electronic system in favor of the physical delivery of share certificates.

According to Marcus Johnson, a spokesman for the OTC Bulletin Board companies, "Our legal research indicates that DTC's reliance upon UCC Article 8 (law governing share transfers) is misplaced and provides insufficient legal authority to prevent a public company from removing its securities from the DTC system. The primary reason is that the DTC, as a branch of the Federal Reserve, is required to abide by Fed rules as a depository. One of the rules states that DTC cannot hold shares that bear any sort of restriction. Refusing to exit securities and continuing to hold them in the name of their nominee could potentially represent a violation of Federal Reserve rules, as well as perpetuating and possibly facilitating naked short selling."

Naked Short Selling is not legal, according to US SEC rules. Naked short selling takes place where shares sold are never borrowed, never delivered by the seller, but nevertheless the seller collects money for the stock not delivered within the three days prescribed by NASD guidelines. The three-day settlement system run by the National Securities Clearing Corporation ("NSCC") does not ensure that shares that are sold in a transaction are ever delivered.

In response to shortfalls of the system and focused attacks by misinformed or unscrupulous parties, an association has been formed by Investor Communications International (ICI) to bring the entire group of OTC Bulletin Board companies together, in a common cause with a common voice. The National Association Against Naked Short Selling was launched in January 2003 and has forwarded a registration and participation letter to all OTC BB companies. The group's mandate is to form a united front against these illegal and unethical abuses, provide information to the Federal Authorities at all levels and begin a national scale public relations campaign for awareness amongst the responsible and independent media and investment industry contacts. The goal is to ensure enforcement of the existing legislation that is intended to safeguard shareholders and the companies they invest in.

Recent headlines for Most Active OTCBB by Share Volume:

Short Selling Wars Heat Up - Some 25 companies have been listed in one or more articles, including Dow Jones Newswires (NYSE: DJ) or press releases, to date as having a strategy or interest in ridding themselves of naked short sellers: Ameri-Dream (OTCBB: AMDR), Bluebook International (OTCBB: BBIC), Bentley Communications (OTCBB: BTLY), Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA), Edgetech Services (OTCBB: EDGH), Environmental Protection (OTC: EPTC), GeneMax Corp. (OTCBB: GMXX), Group Management Corp. (OTCBB: GPMT), Hadro Resources (OTCBB: HDRS), International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO), ITIS Holdings (OTCBB: ITHH), Jag Media Holdings (OTCBB: JGMHA), Midastrade.com (OTC: MIDS), Make Your Move (OTCBB: MKMV), MSM Jewelry Corp. (OTC: MSMJ), Nutra Pharmaceutical (OTCBB: NPHC), Nutek (OTCBB: NUTK), Reed Holdings (OTC: RDHC), Sionix (OTCBB: SINX), Sounncomm Technologies (OTC: STEH), Technology Logistics (OTC: TLOS) and Ten Stix, Inc. (OTCBB: TNTI).

GeneMax Corp. (OTC Bulletin Board: GMXX) and its Patented TAP cancer therapy will be featured in an upcoming broadcast of the ABC Television News Program, "BusinessNOW" on Sunday, February 9, 2003. The program airs weekly on ABC Television stations in Washington, D.C., New York and Raleigh, North Carolina.

Xechem International, Inc. (OTC BB: ZKEM) announced today that it anticipates the initial sales of NICOSAN(TM), its Sickle Cell Anemia Drug for distribution in Nigeria in late March or early April 2003, through its subsidiary ("Xechem Nigeria"). Xechem Pharmaceuticals Nigeria Limited is organized under the Companies and Allied Matters Act (1992) of the Federal Republic of Nigeria.

Advanced Optics Electronics Inc. (OTCBB: ADOT) has finalized its agreement with a New Mexico-based company to develop and manufacture helmet-mounted miniature applications. Some of the uses would be the achievement of image control in high-ambient illumination conditions. Another use would be to meet the needs for combat aircraft pilots teamed with special tactics battle space air operations controllers on the ground.

Tessa Complete Health Care Inc (OTCBB: TSSM) filed an S-8.

The Company is registering 109,000,000 shares of common stock issuable under its Consulting Agreement with Daniel M. Smith.

Pacel Corp. (OTCBB: PCEL), one of the fastest growing regional PEO providers, today announced it has received a $2.5 Million guaranteed funding commitment from Reissco Investment Fund, L.P., a Nevada based investment fund.

Casavant Mining Kimberlite International, Inc. (OTCBB: CMKM) announced today that it had filed a Schedule 14C with the Securities and Exchange Commission.

Today E-Rex, Inc. (OTCBB: EREX), provides updated guidance on the Dragonfly development project, funding, and annual shareholder's meeting.

"Due to the continued long-term decline in the Company's share price E-Rex is unable to ensure Valcom that funds will be available to pay for third-party components to complete the assembly of Dragonfly field testing units," stated Carl Dilley, E-Rex's President and CEO. "This lack of funding will cause a further delay in delivery of the units which we hope to be able to resolve shortly."

International BioChemical Industries, Inc. (OTCBB: IBCL) announced that its Partner Nova BioGenetics has received an EPA establishment number and has obtained the rights to add seven new antimicrobials from another company, to add to its product mix. Nova should receive its EPA number on these seven new products within ten days. Nova is currently seeking the rights to two additional antimicrobials within the next quarter. Under the marketing program, these new products should increase sales volume over the next six moths.

Core Solutions, Inc. (OTC: CSUO) announced today that in response to numerous inquiries received over the past week, the company wishes to confirm that it is on schedule to file its year-end and first quarter filings on the Securities and Exchange Commission's EDGAR system, and does not anticipate needing an extension.

Calypte Biomedical Corporation (OTCBB: CALY), the developer and marketer of the only two FDA approved HIV-1 antibody tests that can be used on urine samples, as well as an FDA approved serum HIV-1 antibody Western blot supplemental test, today announced that it will be presenting at the Wall Street Analyst Forum 47th Institutional Investor Conference at The Roosevelt Hotel in New York City, New York on Monday, February 10, 2003 at 9:00 a.m. ET.

Gateway (OTCBB: GWYD) announced that the Company has reduced its debt once again by $500,000 dollars.

Raven Moon Entertainment, Inc. (OTCBB: RMOO) announced today that the "Gina D's Kids Club" Three Episode DVD will be available at Yahoo! Shopping (YHOO) beginning March 25, 2003 through Pro Active Entertainment.

The share price for Fonix Corporation (OTCBB: FONX) reached a new 52-week low today, trading at $0.023, down $-0.001 (-1.27%) from its previous close of $0.024.

Blagman Media International Inc. (OTCBB: BMII) announced its preliminary financial and business outlook for 2003.

Despite a very difficult 2002 and ongoing concerns about the strength of the company, Blagman Media International heads into 2003 with renewed strength and purpose.

Silverado Gold Mines Outlines Upcoming Activities in Alaska Silverado Gold Mines Ltd. (OTCBB: SLGLF) announced today its upcoming plans for drilling and exploration activities at its Nolan Mine located in Alaska. The Company's plans include expanding exploration on the Nolan Property to further develop the Nolan Placer, the Nolan Lode and Smith Creek areas. The Nolan Placer and Smith Creek areas are already in advanced exploration. The Company also intends to continue drilling on its Hammond Gold Property (Slisco Bench) which adjoins the Nolan mine to the North.

Natural Health Trends Corp. (OTCBB: NHTC) announced today that its subsidiary, MyLexxus Europe, held a convention in Moscow on December 13, 14 and 15 that was attended by over 5,000 people. Both Terry LaCore, Chief Executive Officer of the Company's Lexxus International subsidiary, and Mark Woodburn, President of NHTC, attended the convention in Moscow.

The Auxer Group, Inc. (OTCBB: AXGI) disclosed that its wholly owned subsidiary, Viva Airlines, Inc. has issued a letter of intent to purchase 3 Boeing 727-200 aircraft from Airframe Consultants, Inc. of Miami, Florida.

Universal Express, Inc. (OTCBB: USXP) announced today that its subsidiary Universal Express Capital Corp. signed an agreement with Q Comm International, Inc. (OTCBB: QCCM), a business services company focusing in the electronic distribution of prepaid wireless airtime and other prepaid services, to supply Universal Express Capital with point-of-sale activation (POSA) terminals.

Carolina Internet Systems, LLC, an Internet service provider (ISP) will resell Artera Turbo(TM) subscription service from Artera Group Inc., a subsidiary of NCT Group, Inc. (OTCBB: NCTI).

United Trading.Com (d.b.a. Global Links Corp.)(OTCBB: UDTC) today announced it has been granted primary distributorship in eight states for its Cash Advance product from North American Payment Systems in Riverdale, N.Y.

Universal Domains Incorporated (OTCBB: UDCCF) is pleased to announce that it's Board of Directors have approved a plan to focus company efforts on acquiring additional oil and gas properties. Universal Domains will evaluate low risk, cash flow properties within the Continental United States and Canada for the purpose of entering into royalty participation agreements with established operators. This plan is essential in the organization's efforts to further its involvement in the oil and gas industry.

Cybertel Communications, Inc. (OTCBB: CYTP) says it is forming a new company through its Cybertel Financial International subsidiary to operate The Giving Card, an entity with which it has agreed to terms.

The Giving Card allows credit card holders from Master Card, Visa and American Express (NYSE: AXP), who are members of affinity groups such as college Alumni Associations, to contribute to their affinity group by using their credit cards at selected merchants and receive a tax deduction for a part of their purchases. Cybertel says are currently more than 40,000,000 card holders from college Alumni and other Affinity Groups in the United States.

An article by Mitchell Pacelle in Wall Street Journal reports on Federal-Mogul Corporation (OTCBB: FDMLQ).

The share price for Harbour Front Holdings Inc (OTCBB: HBRF) reached a new 52-week low today, trading at $0.030, down $-0.009 (-23.08%) from its previous close of $0.039.

World Wide Video Inc (OTCBB: WWVDE) released its delayed financial results for the fiscal year ended September 30, 2002.

National Health & Safety Corporation (OTCBB: NHLT) announced today that it has closed the previously announced acquisition of Alternative Delivery Solutions, Inc. ("ADS") of San Antonio, Texas. The transaction was consummated after the shareholders of NHLT approved a comprehensive plan of refinancing and restructuring of NHLT, including a 1 for 100 reverse stock split, at the company's annual shareholders meeting, held on January 30, 2003. The shareholders and new board of directors also approved a name change from National Health & Safety Corp. to ADS Media Group, Inc.

eCom Corporation (OTCBB: ECCM) filed an S-8

Caledonia Mining Corp. (CALVF) has signed a memorandum of understanding giving it an option to acquire Mogale Gold (Pty) Ltd., which operates a gold- recovery plant and owns a number of gold plant slimes and sands dumps in South Africa.

About Integrity Securities LLC

Integrity and its affiliates have an equity position in the companies mentioned herein please visit the disclaimer at www.financialnewsusa.com. Certain statements in this news release may contain forward-looking information within the meaning of Rule 17B under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

By Staff Reporter
CONTACT: Integrity Securities
Tel: [phone]
Email: [e-mail]
Web: www.integritysecurities.com
Financial News USA
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