Whistler Investments, Inc (WHIS) Implements Aggressive Stock Security Plan
May 17 2004 - 8:03AM
PR Newswire (US)
Whistler Investments, Inc (WHIS) Implements Aggressive Stock
Security Plan Whistler Investments (WHIS) Request All Shareholders
to Advise Brokers to Take Delivery of Shares Purchased as Part of a
Multi-Phased Plan to Protect Stock against Naked Short Selling. LAS
VEGAS AND NEW YORK, May 17 /PRNewswire-FirstCall/ -- Whistler
Investments Inc. (OTCBB: WHIS)
(http://www.whistlerinvestments.com/) subsidiaries, R-Electric Car
Company (http://www.r-electriccar.com/) Global Electric
Corporation, (http://www.globalelectric.com/) and Solium Power Corp
(http://www.soliumpower.com/) emerging leaders in the development
and marketing of lithium ion vehicles and lithium ion powered
products worldwide, announced today that a newly implemented
program has been initiated to reduce naked short selling of WHIS
securities. Further to previously announced unauthorized listing on
the Berlin Stock exchange and subsequent delisting at the request
of Whistler Investments and its respective board. The company has a
strong basis to believe Naked Short Selling had occurred during the
time the security was listed. The board of Whistler Investments and
its executives have consulted with several legal and market experts
and are now formally requesting that all shareholders of Whistler
Investments advise their stock brokers to take delivery of shares
purchased. In addition, we also recommend that all shares held by
investors be in paper certificates. Arrangements have been made
with our transfer agent, Pacific Stock Transfer, so that our
stockholders will not be charged for conversion of electronically
held shares to paper certificates. Your broker, on your request,
will contact the transfer agent (or will contact DTC who will then
contact the transfer agents) and obtain a paper certificate for
you. Stockholders may contact the company by telephone or email if
they need any assistance in obtaining their stock certificate.
Holly Roseberry, President of Whistler Investments (WHIS) stated,
"Our intent with this request is to provide our shareholders
additional security against Naked Shorts. This may also serve as a
wonderful opportunity for investors and/or brokers to contact the
company to discuss the current status of our rapidly expanding
corporation." Holly Roseberry President 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 materially from those anticipated or
implied in the forward-looking statements. DATASOURCE: Whistler
Investments Inc. CONTACT: Whistler Investments (WHIS) investor
relations team, (888) 669-1808, (604) 681-2799,
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