SOURCE: Foy-Johnston Inc.

March 16, 2010 11:30 ET

Foy-Johnston Addresses the Erratic Trading of Its Shares on the OTC Markets

DOVER, DE--(Marketwire - March 16, 2010) -  Foy-Johnston Inc. (PINKSHEETS: FOYJ), the company, has done its own internal audit and investigation of the trading of its stock the past few trading sessions and it has determined with the help of the FINRA website, that there is almost 4,000,000 shares that have been naked shorted against the Company's stock.

The Company with be working with the regulatory authorities to determine the best course of action and to put a stop to this illegal practise that hurts the Company and the Company's shareholders.

"We are appalled and dismayed at this turn of events, especially as the Company continues its move forward into a new and exciting business. We have been told that this type of activity has been frowned upon by the SEC and we do everything in our power to dissuade market manipulators from hurting our shareholders," stated Winay Sangsomborn, company president.

We will keep the shareholders and markets apprised as we move forward as we are committed to maximizing shareholder value.

About Foy-Johnston Inc.
Foy-Johnston is a venture capital firm that specializes in discovering and exploiting new technologies that have enormous commercial application and explosive revenue potential. The Liquid Gold International enhanced oil recovery system presents those very qualities that Foy-Johnston's management team has identified to meet those criteria. Our website is

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

Contact Information