RENO, NV, Oct. 9 /PRNewswire-FirstCall/ -- Enzyme Environmental Solutions would like to clarify certain recent developments affecting the company. President Mark Murphy states, "We are currently working with our attorneys to address the issues raised in the recent SEC complaint. The complaint alleges that we were required to register certain of the Company's shares. The complaint does not allege that EESO made fraudulent representations to any shareholders."
At the time the shares in question were issued, neither EESO nor Mr. Hochstedler was aware that the shares needed to be registered, in part, because there are circumstances in which the sale of stock is exempt from registration. Although we do not agree with some of the SEC's allegations, we have been cooperating with the SEC throughout this matter and will continue to do so. We intend to demonstrate that a majority of the funds raised through the sale of the shares in question were used for the operational expenses of EESO. In addition, contrary to statements the SEC made to the media, the assets of our CEO and the company have not been frozen.
EESO continues to operate its business and strives to establish itself as a leader in the green cleaning and odor remediation markets. EESO has maintained its relationship with Wow Green. Negotiations regarding production and payment issues between the two companies are continuing.
We understand the concern raised by the SEC complaint and sympathize with those affected by it. And we also appreciate those supporters of the company who remain loyal to us. However, we ask those who are concerned to refrain from making irresponsible, personal attacks on our employees. We welcome you to address your questions and concerns directly to our president, Mark Murphy.
CONTACT: murph@enzymeconsultants.com, Phone: (260) 399-3837
Enzyme Environmental Solutions Inc.
CONTACT: murph@enzymeconsultants.com, Phone: (260) 399-3837
