SOURCE: Steven G. Trapp & Company

February 20, 2007 09:00 ET

Steven G. Trapp of Steven G. Trapp & Company Has Acquired 34.74% of the Issued and Outstanding Common Shares of Far East Ventures, Inc.

LAS VEGAS, NV -- (MARKET WIRE) -- February 20, 2007 -- Steven G. Trapp of Steven G. Trapp & Company has acquired 34.74% of the issued and outstanding common shares of Far East Ventures, Inc. a/k/a Nico Telecom, Inc. (PINKSHEETS: NICO).

The common shares were acquired pursuant to a court order that cancelled and reissued all of the holdings of the Defendants in Steven G. Trapp Vs. Far East Ventures, Inc. f/k/a/ Nico Telecom, Inc. Clark County District Court Case No. A512006

"The acquisition of the common shares brings me closer to my goal of acquiring 51% outstanding common shares and being able to bring all of NICO's filings current," commented Steven G. Trapp, President of Steven G. Trapp & Company.

"Once the filings are brought current, Far East will look to acquire an operating company that can generate a beginning return on common equity of 20% or better for its shareholders. The following companies were acquired via reverse acquisitions: Billabong International Ltd., traded OTC; TZOO, Inc., listed on the Nasdaq GS; China Automotive, Inc., listed on the Nasdaq CM; & Yasheng Group Ltd., traded OTC," stated Steven G. Trapp, President of Steven G. Trapp & Company.

Sappi Ltd., listed on the NYSE, traded on the OTC BB as a non Reporting ADR during the mid-late 90s before becoming fully reporting and listing its shares on the New York Stock Exchange.

Contact Information

  • Contact Information:

    Steven G. Trapp
    (702) 254-0069
    Email Contact