GREAT FALLS, Mont.--(BUSINESS WIRE)--Eco-Trade Corp. (OTCQB BOPT), an independent oil and gas exploration company (the “Company”), announced today that it appears, based on information provided by the British Columbia Securities Commission ("BCSC"), the Company was the subject of a paid internet promotional campaign disseminating various incorrect statements about the Company and the prospects for the Company’s share price (the Promotion).
The Promotion coincided with a significant increase in the volume of trading activity in the Company’s shares starting on April 8th, 2013, and continuing until the BCSC and FINRA issued halt trade orders on the Company’s shares on April 16th and 17th, 2013, respectively (the Trading).
The Promotion included materials fashioned to mimic an analyst report recommending the Company’s shares. However, the promotional material later discloses in fine print that the report is a paid advertisement published by certain penny stock promotion websites. The materials disclose further that the advertisement was paid for by an entity named Beijing Zhong Jia Ke Shi Network Educational Technology Co. Ltd. (“Beijing Technology”), and that Beijing Technology had budgeted up to $3,275,000 for the dissemination of the information contained in the promotional materials.
The Company, all of its officers, directors, employees, advisors, and consultants, have uniformly confirmed that they:
- did not authorise, permit, or participate in any form, in the Promotion;
- were wholly unaware of the Promotion until the BCSC brought its existence to their attention;
- have never engaged, contacted, or had any relationship with, “Beijing Technology”; and
- did not participate in, or benefit from, the Trading in any form.
We urge our shareholders and the investing public to review the Company’s disclosure with the regulatory authorities in the United States and Canada as filed on EDGAR and SEDAR.
The management of the Company is working as quickly and as diligently as possible to protect the interest of our shareholders, which we see as our greatest value and asset.
Safe Harbor
The information in this release includes forward-looking statements.
These forward-looking statements generally are identified by the words
"believe," "project," "expect," "anticipate," "estimate," "intend,"
"strategy," "plan," "may," "should," "will," "would," "will be," "will
continue," "will likely result," and similar expressions. These
forward-looking statements involve known and unknown risks as well as
uncertainties, including those discussed in the following cautionary
statements and elsewhere in this release. You should carefully review
the information disclosed within the section entitled "Risk Factors"
contained in the Company's Report on Form 10K filed on April 16th,
2013, as well as the information contained in this release, and amended
risk factors to investment that may be found at http://www.ecotradecorporation.com/contact/safe_harbor.html
when assessing the Company and its business. Additional information may
be found at the following web site:
http://www.sec.gov/divisions/corpfin/guidance/cfoilgasinterps.htm
