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SEC Suspends Amerossi EC, Inc.

News and Commentary

April 14 2007

At long last, Amerossi EC, Inc. (Pink Sheets: ARSS) is feeling the regulatory heat. 

 

In October 2006, StockPatrol.com published an extensive report on Amerossi EC and its clone, Amerossi International Group, Inc. (Pink Sheets: AMSN).  See Amerossi EC, Inc. and Amerossi International Group, Inc. - Separated Before Birth.  The two putative exploration companies share a genetic heritage and a history of failure.  They also occupy offices in close proximity to one another – so close, in fact, that they share a fax line. 

 

The companies offer little appeal – operations seem to be dormant and, as of December 31, 2006, Amerossi EC had $235 in the bank while Amerossi International had zero.  Neither Company had any revenues.  Still, Amerossi EC shares topped $4 in October 2006 – just as emails began to saturate the Internet touting both companies. 

 

Now the SEC has suspended trading in Amerossi EC, citing questions about the adequacy and accuracy of public information concerning the Company's assets, business operations, current financial condition, and/or financing arrangements involving the issuance of the Company's' shares.

 

The suspension, which began on April 13, 2007, will terminate at 11:59 pm on April 26, 2007.

 

 

 



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