Whistler Investment (NASDAQ:WHIS)
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Whistler Investments, Inc (WHIS) Implements Aggressive Stock
Security Plan
Whistler Investments (WHIS) Request All Shareholders to Advise Brokers to Take
Delivery of Shares Purchased as Part of a Multi-Phased Plan to Protect Stock
against Naked Short Selling.
LAS VEGAS AND NEW YORK, May 17 /PRNewswire-FirstCall/ -- Whistler Investments
Inc. (OTCBB: WHIS) (http://www.whistlerinvestments.com/) subsidiaries,
R-Electric Car Company (http://www.r-electriccar.com/) Global Electric
Corporation, (http://www.globalelectric.com/) and Solium Power Corp
(http://www.soliumpower.com/) emerging leaders in the development and marketing
of lithium ion vehicles and lithium ion powered products worldwide, announced
today that a newly implemented program has been initiated to reduce naked short
selling of WHIS securities.
Further to previously announced unauthorized listing on the Berlin Stock
exchange and subsequent delisting at the request of Whistler Investments and
its respective board. The company has a strong basis to believe Naked Short
Selling had occurred during the time the security was listed.
The board of Whistler Investments and its executives have consulted with
several legal and market experts and are now formally requesting that all
shareholders of Whistler Investments advise their stock brokers to take
delivery of shares purchased. In addition, we also recommend that all shares
held by investors be in paper certificates.
Arrangements have been made with our transfer agent, Pacific Stock Transfer, so
that our stockholders will not be charged for conversion of electronically held
shares to paper certificates. Your broker, on your request, will contact the
transfer agent (or will contact DTC who will then contact the transfer agents)
and obtain a paper certificate for you. Stockholders may contact the company by
telephone or email if they need any assistance in obtaining their stock
certificate.
Holly Roseberry, President of Whistler Investments (WHIS) stated, "Our intent
with this request is to provide our shareholders additional security against
Naked Shorts. This may also serve as a wonderful opportunity for investors
and/or brokers to contact the company to discuss the current status of our
rapidly expanding corporation."
Holly Roseberry
President
Forward Looking Statement
This press release may include forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements are based on the Company's current
expectations as to future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and actual
results could differ materially from those anticipated or implied in the
forward-looking statements.
DATASOURCE: Whistler Investments Inc.
CONTACT: Whistler Investments (WHIS) investor relations team,
(888) 669-1808, (604) 681-2799,