PrepaYd, Inc. Comments on Anonymous Letter Sent To Shareholders that Alerted the Company
HENDERSON, Nev., July 16, 2012 /PRNewswire/ -- PrepaYd, Inc. (OTC-PINK: PPDC) announced today that an anonymous letter sent to some of its shareholders alerted the company. Because of the nature of the company and its subsidiaries businesses they routinely receive subpoenas from various police departments, various state agencies, the internal revenue service and other agencies which the company treats as routine and responds and cooperates fully with. Approximately a year ago the California Department of Corporations prepared a subpoena for certain books and records of the company. The company's securities counsel believed it was a routine investigation at the time and the company responded accordingly. A recent anonymous letter alerted the company to contact the DOC on this year-old matter. The company no longer believes this is a routine matter and will respond accordingly. The outcome of this matter could have an adverse effect in the company. Besides alerting the company the anonymous letter was meant to cause the company harm. The letter contained false and misleading allegations and information unknown at the time to the company. The anonymous letter has caused the company harm and the company intends to pursue all those responsible once the company believes it has sufficient evidence and the timing is right.
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties and the company assumes no obligation to update any of the forward-looking statements in this release.
PrepaYd, Inc.
Bruce Berman
702-430-4775
[email protected]
SOURCE PrepaYd, Inc.
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