DIVEDEPOT.COM, INC. INVESTORS GROUP ANNOUNCES
SAGEGROUP STRATEGIES ENGAGEMENT AND OVERALL “COORDINATED
ARMIES STRATEGIC PROGRAM”
Orlando, FL; Philadelphia, PA; Los Angeles,
CA; and New York City, NY -- October 20, 2005. DiveDepot.com,
Inc. Investors Group announces: a) the engagement of the
major business turnaround firm SageGroup Strategies, Inc.;
and b) the launching of a major overall "Coordinated
Armies Strategic Program". This is the Program under
which this DiveDepot.com investors group is moving forward
with SageGroup Strategies and many others to remedy the
wronging of the DiveDepot.com, Inc. public company and its
investors by some bad persons and related entities who have
used very bad and allegedly illegal tactics, misrepresentations,
mismanagement, and other actions.
DiveDepot.com, Inc. Investors Group is an
organized group of angry outside investors in DiveDepot.com,
Inc., a publicly-held company. Members of the Group have
been involved in extensive investigations, discussions,
and other activity since 2001, and the Group was formally
formed in 2005. The Group is now proactively moving forward
in the best interests of the Company and its investors,
while striving to save the Company from a group of apparent
corporate swindlers and other wrongdoers.
SageGroup Strategies, Inc. is the USA's
and world's largest Professional Troubled-Company Specialist
firm, with over 600 professionals based in many offices
located in the USA, Canada, Europe, and Asia. Its Small
Public Companies Division and International Investors Division
are especially knowledgeable and focused on helping small
public companies get out of financial, governmental, managerial,
fraud-related, and other serious trouble and moving forward
well, all in the best interests of these companies and their
American and foreign shareholders. Also, its Religious Sector
Division is very focused on working with and for religious
organizations in the best interests of troubled companies,
wronged investors, and appropriate others.
DiveDepot.com, Inc. and E-Rex, Inc. are
two of several dozen public companies evidently wronged
by one bad group which is often nicknamed a Hyena Pack.
And, there are many other small public companies that have
also been badly mishandled and wronged by other similar
very bad groups of swindlers, stock promoters, attorneys,
financial firms, and others. Defrauded investors of many
of these companies are actively talking with the DiveDepot.com.
Inc. Investors Group as to ways to work together on similar
objectives, including to a) recover defrauded money; b)
have the companies become more valuable in the best interests
of the shareholders; c) expose the bad persons publicly;
d) stop the bad persons from committing additional wrongdoing;
and e) deter others from becoming defrauders, etc. There
already is much cooperation among wronged investors, and
this is continuing to increase rapidly.
Chris Ford, a DiveDepot.com, Inc. Investors Group leader
(and an E-Rex Mutual Group leader), stated, "It has
especially angered many people when they learned that both
DiveDepot.com and E-Rex involved many of the same questionable
persons and other entities during the times when many investors,
government agencies, SageGroup Strategies, and others feel
that the companies and investors were very wronged and purposefully
defrauded. As examples, Don Mitchell and Carl Dilley were
senior executives and directors of both companies, and there
are other involvees in both situations. Various of these
persons and their representatives convinced many good persons
to invest, money that then went through various very questionable
movements. The DiveDepot.com, Inc. investors include some
E-Rex investors, plus many other good people, including
members of the Mennonite, medical, legal, and other communities."
Mr. Ford continued, "While the DiveDepot.com situation
is very bad in itself, it is even much worse that it and
E-Rex are only two of dozens of companies and investor groups
greatly hurt by the same group of very bad persons. Now
that it has been exposed that this is a much bigger situation,
it means that it warrents much more attention and action
by various entities moving forward to remedy this under
a "Coordinated Armies Strategic Program". These
various entities include: a) attorneys focused on legal
aspects; b) government entities at the federal, state, and
local levels, especially those focused on securities fraud
and other forms of illegal actions under criminal and civil
laws; c) SageGroup Strategies, focused on financial and
business improvement for the companies and their investors;
and d) the media, especiallly those focused on exposing
wrongdoers and wrongdoings. Overall coordination of this
Program is by leaders of the DiveDepot.com, Inc. Investors
Group and SageGroup Strategies."
Chaplain Alvin McKinley, a SGS Religious Sector Division
Co-Manager and a chaplain and/or minister for over 40 years,
added, "SageGroup Strategies is heavily focused on
doing whatever we can to help people and improve situations
in a humanitarian, social justice, religious, and other
manners (as well as in a financial and business manner).
We want to be a True Friend, a Trusted Friend in Kind to
others. This includes not only in relation to wronged companies
and their investors groups directly, but also to the better
good that can be done. We look forward to helping and supporting
the wronged investors in this and other bad situations."
Larry Lindsey, a senior-level SGS Managing Director, a Co-Manager
of SGS's Small Public Companies Division and SGS's Religious
Sector Division, and with over 35 years of helping troubled
companies and investor groups, financing and building companies,
and other complex business experience, emphasized, "SageGroup
Strategies is very committed to helping the wronged investors
of DiveDepot.com, Inc., E-Rex, and the many other companies
that have become victims of very bad persons. SageGroup
is committing its capabilities, credibility, resources,
relationships, and other strengths to this major effort.
Especially upsetting is when SageGroup sees situations where
good religious persons, communities, and organizations evidently
were purposefully targeted by corporate swindlers and other
wrongdoers. Just this year we have been contacted by and
are reviewing situations where the targeted investors included
Mennonite, Amish, Jewish, Baptist, Seventh-Day Adventist,
and other good people."
Mr. Lindsey continued, "This DiveDepot.com situation
has made Chris Ford, others, and me particularly angry.
Growing up in Pennsylvania, I had much exposure to the Mennonites
and developed much respect for the very high principles
and other admirable aspects of these very good people. It
is very sad to see them having been targeted in a despicable
manner by corporate wrongdoers, and SageGroup Strategies
and I are especially motivated to remedy this bad DiveDepot.com
situation. During the past four years Chris and I have talked
with and shared information with some Mennonite people,
the Pennylvania state securities commission, and others.
Now it is timely for the DiveDepot.com investors, SageGroup
Strategies, and others to move forward in the best interests
of the DiveDepot.com investors and others."
ADDITIONAL INFORMATION:
For additional information, please contact Chris Ford of
the DiveDepot.com, Inc. Investors Group. (Because he is
currently traveling much, he will return phone messages
left for him with Larry Lindsey at 510-8652480.) This press
release and several E-Rex Mutual Group press releases are
posted in the Articles section of the SGS website www.SageGroupStrategies.com,
and some related SGS press releases are posted in the SGS
General Press Releases section of that website.