IPO Holding Company Inc., Retracts Allegations Regarding PacWest Transfer LLC ~~~~~~~
PacWest Resigns As IPCY Transfer Agent
IPO Holding Company Inc., Retracts Allegations Regarding PacWest Transfer LLC
(PRWEB) July 22, 2004 -- IPO Holding Company Inc., a private Nevada corporation disseminated a press release on July 19th 2004 concerning IPO Holding Company's investment; International Pharmacy Outlets Inc., (IPCY - Pink Sheets) http://www.ipcy.com
IPO Holding Company, Inc., has been duly informed by PacWest Transfer LLC's legal counsel - Guzov, Ofsink, Flink LLC that PacWest Transfer LLC has tendered its resignation as the contracted stock transfer agent serving International Pharmacy Outlets Inc. PacWest's resignation was on Monday July 19th 2004.
According to numerous press releases made by International Pharmacy Outlets Inc. from November 2003 through to March 2004, IPO Holding Company Inc., is the majority controlling shareholder of International Pharmacy Outlets Inc. This fact not withstanding, IPO Holding Company Inc., has been consistently obstructed from all attempts to ascertain the accurate number of common and preferred IPCY shares issued and outstanding.
Accordingly ,since on or around August 26th 2003, approximately 960 public shareholders may not have been afforded accurate stock transfer records with regards to the shares issued and outstanding of IPCY common shares pursuant to section 17A(c) and section 17AD–6(b) of the Securities and Exchange Act of 1934, (the "Act") of which the SEC is the appropriate regulatory agency, as defined in section 3(a),(34)(b) of the Act as amended.
IPO Holding Company Inc., hereby retracts the allegations without prejudice concerning PacWest Transfer LLC, Joseph Meuse & Laurel Poffenroth.
Source IPO Holding Company Inc.,
For further information regarding International Pharmacy Outlets Inc. info@ipoholdings.com
Safe Harbor
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. IPO Holding Company Inc. and International Pharmaceutical Outlets Inc., assume no obligation to update the information contained in this press release.
Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities, as well as operating costs, capital spending, financial sources and the effects of competition.
Such forward-looking information is subject to changes and variations, which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Companies.
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