EESO Provides Company Update
October 09 2009 - 4:18PM
PR Newswire (US)
RENO, NV, Oct. 9 /PRNewswire-FirstCall/ -- Enzyme Environmental
Solutions would like to clarify certain recent developments
affecting the company. President Mark Murphy states, "We are
currently working with our attorneys to address the issues raised
in the recent SEC complaint. The complaint alleges that we were
required to register certain of the Company's shares. The complaint
does not allege that EESO made fraudulent representations to any
shareholders." At the time the shares in question were issued,
neither EESO nor Mr. Hochstedler was aware that the shares needed
to be registered, in part, because there are circumstances in which
the sale of stock is exempt from registration. Although we do not
agree with some of the SEC's allegations, we have been cooperating
with the SEC throughout this matter and will continue to do so. We
intend to demonstrate that a majority of the funds raised through
the sale of the shares in question were used for the operational
expenses of EESO. In addition, contrary to statements the SEC made
to the media, the assets of our CEO and the company have not been
frozen. EESO continues to operate its business and strives to
establish itself as a leader in the green cleaning and odor
remediation markets. EESO has maintained its relationship with Wow
Green. Negotiations regarding production and payment issues between
the two companies are continuing. We understand the concern raised
by the SEC complaint and sympathize with those affected by it. And
we also appreciate those supporters of the company who remain loyal
to us. However, we ask those who are concerned to refrain from
making irresponsible, personal attacks on our employees. We welcome
you to address your questions and concerns directly to our
president, Mark Murphy. CONTACT: , Phone: (260) 399-3837
DATASOURCE: Enzyme Environmental Solutions Inc. CONTACT: , Phone:
(260) 399-3837
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