SOURCE: Red Truck Entertainment, Inc.

March 09, 2007 11:43 ET

Red Truck Entertainment Responds to SEC Suspension of Trading

SCOTTSDALE, AZ -- (MARKET WIRE) -- March 9, 2007 --Red Truck Entertainment, Incorporated (PINKSHEETS: RTRK) announced today that the Securities and Exchange Commission suspended trading of company stock effective March 8, 2007. The reasons given by the SEC were questions regarding the adequacy and accuracy of press releases concerning the company's operations and financial performance and the adequacy of publicly available information concerning the company's stock issuances. Per the SEC press release, the suspension will be lifted at midnight March 21, 2007. This action included 34 additional Pink Sheet companies.

The Officers and Board of Directors of Red Truck Entertainment have issued two press releases since the reverse merger with Falcon Energy. These press releases announced the completion of the reverse merger on February 14, 2007 and notice of the initial feature film director signing on March 1, 2007. Both press releases were factual and accurate.

The Company has taken a proactive approach in corporate matters and will be filing its financial information and a 15c211in the near future. This action was planned in advance of the SEC suspension.

"Based on the fact that Falcon Energy was spammed in June of 2006 and the adequacy and accuracy of any press releases and financial information was the responsibility of the officers and directors of Falcon Energy, it is reasonable to assume that the SEC action was based on Falcon Energy data and not that of Red Truck Entertainment," said Red Truck President Jim LeCrone. "Red Truck has not been a victim of spam email and it is our position that the trading of the company stock should not have been halted."

Red Truck Entertainment does not condone the use of spam email. We encourage the public to thoroughly research an entity prior to making a financial commitment. Never rely upon unsolicited email or phone calls to enter into the investment decision process.

About Red Truck Entertainment

Red Truck Entertainment, Incorporated is an entertainment company with holdings in the music, music video and film industries. Company assets include interest in Red Truck Filmworks, Miramonte Records, Americana Records, American Jazz Records, Sunbird Nashville, Mirage Records and Cayenne Publishing. Red Truck Entertainment is headquartered in Scottsdale, Arizona.

For more information about Red Truck Entertainment and its affiliated companies visit the company website at

Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.

Contact Information

  • Contact:
    Red Truck Entertainment, Inc.
    Investor Relations
    Email Contact
    (480) 563-4990