| 2/15/02 Investors and companies
exploited by stock manipulation and shoddy management have powerful
new ally
Alameda CA-February 15, 2002-SageGroup Strategies, Inc. announced
today that its Small Public Companies Division, a major new
entity and initiative, will help small public companies and
their investors against stock manipulators, self-serving management,
misappropriated investor funds, and other similar serious
problems.
SageGroup's Small Public Companies Division
will assist small-cap and micro-cap companies, and their shareholders,
that are in deep trouble, including having been the victims
of stock fraud, deliberate stock dilution, corporate mismanagement,
violations of Federal and State securities laws, and other
wrongdoing.
Small public companies, their management teams,
and their shareholders oftentimes lose substantial sums of
investment capital because of the self-serving, malicious,
and criminal acts of others. These companies have, sometimes
unknowingly, gotten involved with persons whose character
is very questionable.
SageGroup stresses that there are various
ways to try to substantiate the reputations, track records,
suspicious past activities, and credentials of those who get
involved with small public companies. As one example, the
SEC offers information on brokers and advisers.
However, many small-caps and micro-caps have
passed this point and are already victims of the ruthless
tactics of stock manipulators and others.
Coming to the fore on behalf of those being
wrongly exploited is SageGroup. Among many other major steps,
SageGroup will help organize shareholder advocacy groups,
advising the action to take to fight those who deliberately
exploit others. It has quietly represented shareholders in
the past. The formal creation of its new Small Public Companies
Division officially confirms the national emphasis it is placing
on these problems. SageGroup's commitment to this growing
need has become especially urgent due to the stock market
decline, the dot-com disasters, the recession, and other recent
events.
Larry Lindsey, a Managing Director at SageGroup,
noted, "In recent years we have seen a large increase
in very questionable, unethical, improper, fraudulent, and
other illegal activity. One current example is a Florida small
public company where we, and an angry shareholder group, are
working with several law firms, various Federal government
agencies, the media, and others to oust a very self-serving
insider management group who has greatly damaged the company
through a series of very bad actions."
Lindsey continued, "Another recent example
is a Wisconsin small public company that was being defrauded
by a group of East Coast stock manipulators. A third recent
example is a Minnesota small public company that was under
attack by a majority of its directors who had ulterior motives.
SGS was successful in each of these situations but there are
so many more situations which have not sought Professional
Troubled-Company Specialist help and are close to collapse."
SageGroup Strategies is the largest Professional
Troubled-Company Specialist firm in the United States and
the world. Notably experienced and knowledgeable, SageGroup
prides itself on being very discreet, working with absolute
confidentiality and behind the scenes whenever necessary.
It has been involved in hundreds of troubled-company situations,
including: shareholder advocacy, turnarounds, crisis management,
debtor programs, spinouts, restructurings, and reorganizations.
As part of its strict confidentiality policies, SageGroup
has never disclosed or publicized the names of its clients.
More information is available at www.SageGroupStrategies.com
CONTACT:
Mr. David Lawrence
National Coordination Office
SageGroup Strategies, Inc.
1370 Third Street, Suite 110
Alameda, CA. 94501
510-865-2480 phone
510-865-6654 fax
SGS@SageGroupStrategies.com
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