Clean Enviro Tech (OTCBB: CETC / Berlin: A1KB22, ISIN: US18452C1080, SYMBOL: SO3A) Comments on Lawsuit Filed by Private Inves...
June 28 2013 - 12:17PM
Marketwired
Clean Enviro Tech (OTCBB: CETC) (BERLIN: A1KB22) (ISIN:
US18452C1080) (SYMBOL: S03A.be and S03A.sg)
(www.cleanenvirotech.com) (www.cleanenvirotech.de) -- On June 26,
2013 a Private Investor filed a lawsuit against the Company. The
Company hereby wishes to make the following statement. This will be
the only statement issued regarding this matter.
The Company stands by all of its Press Releases, all filings and
all corporate governance in connection with its business.
The Company has retained counsel to respond to this matter.
It was interesting to note that the Plaintiff filed another
comparable lawsuit on the same date, making this the 5th action, we
know of he has filed in San Diego this year.
As previously stated, in our Press Release on June 27, 2013, the
Company is very concerned about the short-selling activities in its
common stock and will investigate if there is any correlation
between the possible negative spam campaign referred to in the
previous release of the events in Germany (where over 5.5 million
shares trading within 4 days with only 3.6 million shares available
in the DTC for public trading) and this litigation.
FORWARD LOOKING STATEMENT: This press release may include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These statements are based on the Company's current
expectations as to future events. However, the forward-looking
events and circumstances discussed in this press release might not
occur, and actual results could differ.
CONTACT INFORMATION: Clean Enviro Tech: www.cleanenvirotech.com
www.cleanenvirotech.de For further information:
info@cleanenvirotech.com