ChampionLyte Holdings, Inc. (OTC Bulletin Board: CPLY) today announced that to protect is shareholders, it has sent a demand letter to the Berlin Stock Exchange demanding immediate delisting. The Company said its stock was listed on the Exchange without any prior knowledge, consent or authorization.
@@google The listings, which include more than 200 U.S. publicly traded companies, appear to be part of an organized effort by domestic and foreign brokers to circumvent the recent National Association of Securities Dealers (NASD) and Securities Exchange Commission (SEC) restrictions against “naked short selling.”
“As soon as we learned of this fraudulent listing, we notified our SEC counsel to proceed with whatever steps are necessary to delist our stock from the Berlin Exchange,” said David Goldberg, president of ChampionLyte Holdings, Inc. “This is an egregious act against our company and its shareholders which we will not tolerate.”
About ChampionLyte Holdings, Inc.
ChampionLyte Holdings, Inc. is a fully reporting public company whose shares are quoted on the OTC Bulletin Board under the trading symbol CPLY. Its recently formed beverage division, ChampionLyte Beverages, Inc., a Florida corporation, manufactures, markets and sells ChampionLyte(R), the first completely sugar-free entry into the multi-billion dollar isotonic sports drink market. Its The Old Fashioned Syrup Company subsidiary manufactures, distributes and markets three flavors of sugar-free syrups. The products are sold in more than 20,000 retail outlets including some of the nation’s largest supermarket chains.
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission.