SOURCE: DC Brands International, Inc.

March 08, 2007 14:15 ET

DC Brands International: CEO Responds to 10 Day Halted Trading

DENVER, CO -- (MARKET WIRE) -- March 8, 2007 -- Today, DC Brands International (PINKSHEETS: DCBI) answers questions concerning their halt in trading. The company's President & CEO Richard Pearce said, "We want to stay up front on this. We are still trying to figure it out ourselves. What we have learned from a report on the MN1 'Market News 1st' website is that the SEC launched 'Operation Spamalot' today looking for spammers and the company's involved with and/or paying for spamming in order to artificially promote or increase stocks prices. I want to say first and foremost that the SEC is doing exactly what they should be doing, their job. If they are looking for fake cures for cancer companies, those that have paid spammers or other forms of stock promoters to market their stocks, then I only ask that they bring their largest magnifying glass and shine it on us first; because we are 100% legitimate. When you consider the dramatic increase in our volume and stock price, I am the first to say we do fit the profile. However, we are not guilty. That's like saying the police are looking for someone 6'2" 220lbs with blonde hair and blue eyes, who robbed a liquor store. I and a million other people fit that basic profile. It does not mean we are not 100% innocent and the sooner and faster and more thoroughly you cooperate with the authorities, the sooner you can be vindicated and remove yourself from under the vale of suspicion. The only thing we have ever paid for is the cost of the press releases themselves. I ask that they visit our facility, drink our products, call every source of every news story we have released, talk directly to the parties involved, and look through all our records. We are an open book and guarantee full and complete cooperation. From what I understand, this will last 10 trading days during which we should be asked to sign some affidavits and provided the necessary documentation in which we are ready, willing and able to do. Again, the SEC is only doing their job, and we believe, as a fully legitimate company, we will be given a 'clean bill of health' and come out stronger than ever. We ask that our shareholders hang with us and let them do their job. Again, we will cooperate fully and completely to rectify this situation as quickly as possible. In the mean time, we will stay focused on selling our drinks to our thirsty customers and let the lawyers handle this portion of the process."

For more information on the company, visit their website at and Primary Contact: Keith Howard, 303-279-3800.

Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by DC Brands International with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of DC Brands International as of the date of this release. DC Brands International and its managers and agents undertake no obligation to publicly update any forward-looking statements.

Contact Information

  • Primary Contact:
    Keith Howard