Mina Mar Group Commences Legal Action Vs Belmont Partners Joseph Meuse Re: VSHE, KING, AZTC
25 Junio 2009 - 5:35PM
PR Newswire (US)
TORONTO, June 24 /PRNewswire-FirstCall/ -- Toronto Canada Mina Mar
Group Inc. (http://www.minamargroup.com/) acting in regards to the
following public companies; VShield Software Corp. (VSHE: PK), King
Resources Inc. (KING: PK) and Aztec Technology Partners, Inc.
(AZTC:PK), today filed a lawsuit in Toronto Canada against Belmont
Partners, LLC http://www.belmontpartners.net/ and Joseph Meuse, the
Managing Director of Belmont, personally. The Mina Mar Group, Inc.
is a privately held Canadian company. In summary, Mina Mar Group
takes the position that assets were improperly removed from the 3
aforementioned companies which belonged to all of the shareholders,
however it is alleged that Joseph Meuse admitted to Miro Zecevic
President of Mina Mar Group that these assets were distributed to
only to some, but not all of the shareholders. Miro Zecevic said
"Upon learning this, it just didn't sit well with us. That action
exposed us and these Companies to lawsuits from dissenting
shareholders, SEC inquiries, sanctions and other possible
liabilities that Mina Mar did not anticipate and did not bargain
for. "We are extremely disappointed that Belmont and Mr. Meuse (The
X management) simply refused to address these matters and other
matters when brought to their attention. Moreover there are other
serious irregularities that were discovered by our internal
forensic research analysts that would seriously undermine the
rights of minority shareholders of these companies. In addition any
company that merged with these issuers would have been placed in
peril". "Our team has worked very hard over the past several months
by completing filings on Pink Sheets and increasing these issuers'
ranks from "STOP NO INFORMATION" to "YIELD LIMITED INFORMATION" and
further introducing these issuers to substantial companies in
Europe USA and China we identified as potential merger candidates
as per various past news releases. All of these pending deals are
now off the table. We have a very strong presence in China with
approximately 20 Chinese companies looking to enter the public
markets via reverse mergers. In good conscience and as a good
corporate citizen we can not recommend these companies to our
clients nor provide any sort of meaningful investor relations to
these issuers shareholders. We recently launched a shareholder
advocacy division where we assist minority shareholders in cases
where the issuers are abusive or where the issuers simply abandon
the assets, and leave minority shareholders out in the cold. This
Belmont matter goes against the very principles we believe in".
Mina Mar Group acknowledges the efforts and assistance of Big Apple
Consulting, a USA based company, who is also involved in a similar
type of lawsuit with Belmont on a similar but unrelated
transaction. The entire Mina Mar Group law suit against Belmont
Partners can be viewed at this link
http://www.minamargroup.com/client_interests.php About Mina Mar
Group Mina Mar Group is a Corporate Consultancy firm that
specializes in small cap or OTC market business services, including
public markets in Frankfurt Germany, and UK. The company's focus is
on growth companies or emerging markets such as those in South
America, Eastern Europe, and Mainland China. We provide our clients
with comprehensive advisory and consulting services regarding
mergers and acquisitions, including reverse mergers of private
companies into publicly traded entities, and special purpose
companies (SPC) off shore companies. Mina Mar also offers a full
suite of related ancillary services subsequent to the successful
completion of a reverse merger, including Private Placements, PIPE,
Pink Sheets Adequate Disclosure documentation, various SEC
regulatory filings and a broad range of other Corporate Governance
matters. The company licenses it's brand name and back office as a
white label solution which allows professionals in the industry to
tap into The Mina Mar back office to deliver high quality solutions
on a private label basis. The company also operates a shareholders
advocacy division which seeks out publicly traded companies in
distress or where the minority shareholders positions are in peril,
and assists as a guardian with interim and or turn around
management. Through it's wholly owned subsidiary Mina Mar Marketing
Group Inc (http://www.minamargroup.net/) the company offers
publicly traded companies services such as Investor Relations, and
Investor Awareness exclusively. DATASOURCE: Mina Mar Group CONTACT:
For corporate matters contact:
Copyright