Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Custom Designed Compressor Systems, Inc.

HARTFORD, Conn., Aug. 10  /PRNewswire/ -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of New Mexico on behalf of all persons who purchased the common stock of Custom Designed Compressor Systems, Inc. (OTC: CPYJ.PK; formerly OTC: CPYJ and CUPY) ("the Company") between September 14, 2004 and October 22, 2004 (the "Class Period").

The Complaint alleges that the Company violated federal securities laws by issuing materially false or misleading public statements.  Specifically, the Complaint alleges that press releases describing the Company as a profitable and successful business were false or misleading given that, in reality, the Company owned few assets and its repeated claims of revenue streams, lucrative contracts with major producers and unique compressor technologies were gross exaggerations of its actual operations.  On February 28, 2005, the Company announced that the SEC had filed a complaint charging the Company with securities law violations.

If you are a member of the class, you may, no later than October 10, 2005, request that the Court appoint you as lead plaintiff of the class.  A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation.  Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s).

While Schatz & Nobel has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, class action cases in general, and your rights, please contact Schatz & Nobel toll-free at [phone], or by e-mail at , or visit our website: http://www.snlaw.net/.

  CONTACT:
   Wayne T. Boulton or Nancy A. Kulesa
   Tel.: [phone]
   Website: http://www.snlaw.net/
   e-mail: 

DATASOURCE: Schatz & Nobel, P.C.



CONTACT: Wayne T. Boulton or Nancy A. Kulesa, both of Schatz & Nobel,

[phone], 



Web site:  http://www.snlaw.net/

Copyright