SOURCE: Fairross Stock Transfer

May 07, 2007 10:37 ET

Select American Stock Transfer Now Under New Management

TORONTO -- (MARKET WIRE) -- May 7, 2007 -- Select American Stock Transfer announced today a corporate restructure of its ownership and executive management following recent allegations involving a former client of the firm.

Select American Stock Transfer was acquired by FJ Consultants Inc., a consulting firm wholly owned by Jackie Rossel, who will take on the role of President at Select American Transfer effective immediately and whereby Mr. Nathan Rogers has resigned from all offices held at the company. The company has also begun the process of relocating its offices to the TD Canada Trust Tower on Bay Street in Toronto as well as changing its name to Fairross Stock Transfer Company. The move is expected to be completed within the following 3 weeks.

The company has also immediately implemented a series of new control and compliance measures to assure the utmost standards in securities transfer and registrar as well as the implementation of a secured online transfer platform, which will enable issuer clients to receive shareholder list, control logs and many other important reports on a real-time basis.

"We are very satisfied with the transition and we will continue to service our clients without any interruptions and with the superior customer service they expect," said Jackie Rossel, President of Select American Transfer. "We will be contacting all of our clients over the next 3 weeks to not only reassure them on a smooth transition, but to also begin a review of all outstanding files and pending issues," further added Ms. Rossel.

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Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on the Company's website does not constitute a part of this release.

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