Host America Announces Termination of SEC Investigation
19 7월 2007 - 5:33AM
PR Newswire (US)
HAMDEN, Conn., July 18 /PRNewswire-FirstCall/ -- Host America
Corporation (CAFE.PK) today announced the termination of the
investigation by the Securities and Exchange Commission (SEC). On
July 17, the staff of the Fort Worth Regional Office of the SEC
notified the Company that the investigation has been terminated as
to Host America and no enforcement action has been recommended to
the Commission. Cautions Concerning Forward-Looking Statements All
information in this news release consists of forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The statements contained in this release, which
are not historical facts and that relate to future plans or
projected results of Host and its subsidiaries, are 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 forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected, anticipated or implied. These risks and
uncertainties can include the risks associated with Host's entry
into new commercial food and/or energy markets that require the
company to develop demand for its products, its ability to access
the capital markets, litigation, regulatory investigations and many
other risks described in Host's Securities and Exchange Commission
filings. The most significant of these uncertainties are described
in Host America's 2006 Annual Report on Form 10-K all of which any
reader of this release is encouraged to study (including all
amendments to those reports) and exhibits to those reports, and
include (but are not limited to) the following: the costs,
difficulties, and uncertainties related to the implementation of
the early stage energy management division, organizational changes
and the integration of acquired businesses; the potential loss of
one or more key customer or supplier relationships or changes to
the terms of those relationships; difficulties and uncertainties
related to transitions in senior management; the results,
consequences, effects or timing of any inquiry or investigation by
or settlement discussions with any regulatory authority or any
legal and administrative proceedings; the impact of previously
announced restatements; difficulties or delays or increased costs
in implementing Host America's overall prospective business plan;
and general economic and market conditions. Host America undertakes
no obligation to update or revise any forward-looking statement.
Readers of this release are cautioned not to put undue reliance on
forward-looking statements. DATASOURCE: Host America Corporation
CONTACT: Sam Ostrow, +1-203-328-3018, , for Host America
Corporation
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