Conversion Solutions Issues Statement on TD Ameritrade

Sep 13, 2006, 01:00 ET from Conversion Solutions Holdings Corp

    KENNESAW, Ga., Sept. 13 /PRNewswire-FirstCall/ -- The following
 statement is being issued by Rufus Paul Harris, Chief Executive Officer of
 Conversion Solutions Holdings Corp (OTC Bulletin Board:   CSHD), a Delaware
     Depending on who you speak to, the events of the last thirty days could
 be the beginning of the end for a trading dynasty. The "Short" selling of
 Conversion Solutions Holdings Inc. (OTC Bulletin Board:   CSHD) company stock
 by a once loved and respected trading house may have sealed that company's
 fate as it is now perceived to specialize in "Shorting" OTC Bulletin Board
     Short selling of OTCBB stock is legal, and is used by some companies to
 create liquidity where there is none. Why would a stock be stagnating, you
 may ask? In some instances anticipation of an upcoming 10K or a price reset
 might cause a company's share holders to sit tight and hold for a time.
 Companies that participate in the practice of "Short" selling either: buy
 their positions out of the market or go bankrupt.
     Conversion Solutions Holdings Inc. has filed 8K documentation,
 announcing nearly 2.6 billion dollars in assets and yet TD Ameritrade (and
 their subsidiaries) continue to sell shares they don't own, or have the
 ability to borrow. TD Ameritrade responds not by buying the stock out of
 the market, to cover their "Shorts," but by refusing their customers their
 legitimate right to buy more OTC Bulletin Board:   CSHD stock. Some
 Conversion Solutions Holdings Inc. supporters have shared their thoughts
 and feelings on the forum, many of whom vow
 to press litigation against TD Ameritrade for not allowing them to purchase
 more CSHD stock. This stock has been on regulation SHO for 25 consecutive
 days and it has been confirmed that it has been "Shorted" by an objective
 "Third Party." To peruse this information please visit, they assert, "the 'Shorting' is over...16,000,000
 shares with others estimating the 'Shorting' to be as high as 60,000,000."
     Currently, the Company has 62,000,000 shares outstanding, and simple
 calculations would assess a current book value for this company, as of
 today, at approximately $41.93 per share. Then the sum, when multiplied by
 a minimum of 16,000,000 shares shorted, comes to minimum of $670,880,000. A
 market analyst concludes this stock may be conservatively valuated at 2x
 its book value ($1,341,760,000) or put another way, about 4 times greater
 than TD Ameritrade's last year's net profit.
     Some of TD Ameritrade's clients are already requesting their stock
 certificates in fear that TD Ameritrade may go under. They are moving their
 shares to other trading houses that they believe to be less likely to short
 this stock.
     As Conversion Solutions Holdings Inc. nears its 10K due date (September
 30, 2006) its share holders should look positively on the actions of their
 Chairman and his Board and their corporate wide confidence should be
 reflected and rewarded by ever increasing share values. Having said that
 and looking back on the events of the last thirty days I can say with
 certainty that it should be an interesting, but profitable ride for any
 person who wants to get on board to make the trip by supporting their
 company for the long haul.
     For additional information concerning "Short Selling," please read
 "Darkside of the Looking Glass." by Dr. Patrick Byrne
     Safe Harbor Statement under the Private Securities Litigation Reform
 Act of 1995:
     The statements contained herein which are not historical are forward-
 looking statements that are subject to risks and uncertainties that could
 cause the actual results to differ materially from those expressed in the
 forward-looking statements, including, but not limited to, certain delays
 beyond the company's control with respect to market acceptance of new
 technologies or products, delays in testing and evaluation of products, and
 other risks detailed from time to time in the company's filings with the
 Securities and Exchange Commission.

SOURCE Conversion Solutions Holdings Corp