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8000 Inc (EIGH.PK) Statement to Shareholder – February 3, 2011

Feb 03, 2011 (03:02 PM EST)
URL: http://www.techweb.com/show-press-release/X828088/8000-inc-eigh-pk-statement-to-shareholder-february-3-2011.html

MANASSAS, VA, Feb. 3 /PRNewswire/ - 000 Inc. (EIGH.pk) announces that it has provided the SEC today additional details of EIGH's proposed merger with an OTCBB company per a February 2, 2011 SEC subpoena on the topic.

EIGH has confirmed with the SEC that it intends to issue a public statement about the status of the current inquiry and has requested the following of the SEC Staff:

  • It has no objection to the Company's proposed merger in the interim; and
  • It has no objection to EIGH's request for its common stock certificates in the merger be recalled [returned for cancellation] as part of the transaction.

Those discussions are expected to ensue shortly.

Legal Counsel, through a second submission, will be:
~ Providing documents identifying the individuals EIGH believes is responsible for the public posting of fraudulent and false allegations made against the Company on internet investor forums and blog sites.

~ Supporting evidence to prove clear association between ALL these matters, and the individuals responsible, is also being given.

~ Submitting further information relating to the fraudulent use of the Company name and marks (including factual documents identifying the recorded publisher of the illegal content on www.8000inc.com (a former EIGH website that has been hijacked) and the associated parties.

Shareholders and the public should also be aware that due to the apparent refusal of at least one brokerage firm to provide a physical certificate to one of its clients, an independent EIGH shareholder, a complaint has been filed with the SEC and a case number now formally allocated.

EIGH will continue to keep its shareholders apprised as events unfold. Also keep updated on 8000inc developments on Facebook or Twitter

www.brand8000.com
www.8000incgroup.com
www.8000inc.net

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc., see published disclosure documents at www.OTCMarkets.com. Readers are cautioned not to place undue reliance on these forwardlooking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

SOURCE 8000inc