Shot Spirits Corp Suspects Shorting Culprit in the Midst of Positive Market Activity

SSPT takes precautionary measures to halt potential shorting activity to protect shareholders

Jun 17, 2010, 20:41 ET from Shot Spirits Corporation

LEESBURG, Va., June 17 /PRNewswire-FirstCall/ -- Shot Spirits Corporation (Pink Sheets: SSPT) is issuing this release to make shareholders aware of what CEO, Brian Barrett, believes to be significant shorting on the company's stock which trades OTC under symbol SSPT. Further, the SSPT team firmly believes that this activity involves one or more federal offenses and the attempt "will not be tolerated," affirms Barrett.

"It's unfortunate that some may have taken the positive market reaction to our company's progress as a means to engage in crimes for profit, but it's important to note that because this was found in a timely manner, we are of the opinion that the end result can only work to benefit the company and its shareholders," Barrett continues. "So as to remain focused on the company's successes and progressive growth, I will quote a brief statement from our investor relations division on the matter:

"We have taken what we feel to be sufficient action to ensure that the suspect(s) will not be able to cover their alleged position.  It is our understanding that the suspect(s) have approximately 48 hours to do so unless an extension was filed with their brokerage firm.  Regardless, our transfer agent has assured us that the shares 'requested' will, unequivocally, not be issued. If we are correct in our beliefs here, the suspect(s) will then be forced to cover their position firsthand by taking a position in the stock; this position, to our estimation, is in excess of one hundred million (100,000,000) shares of the company's common stock.

"I can only say I am thankful for an ever vigilant team with much thanks to our COO, Tammy Posten, who caught the issue in due time for us to take appropriate measures which, I believe, will result in restoring additional strength to the company and its stock as we continue to grow," concludes Barrett.

Shot Spirits International and GuestMetrics™ are wholly owned subsidiaries of Shot Spirits Corporation and both maintain unique and powerful positions in the beverage and hospitality industries with a strong focus in data tracking and management as well as lead generation for adult beverages with eco-friendly packaging.

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

SOURCE Shot Spirits Corporation