- Report: #654779
Complaint Review: EchoMetrix (EHMI) - Long Island New York
Reported By:
W.Wilson -
Long Island, New York, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
EchoMetrix (EHMI)
Long Island, 11120 New York, United States of America
Phone:
Web:
http://www.echometrix.com/
Categories:
Business Rating:
(0)
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EchoMetrix (EHMI) - Scam, Fraud, Mob Connected, Pump-n-dump, $37M Accumulated Deficit! Long Island , New York
This company is not in business to make money, a product, or
even provide shareholder value. They
have never exceeded a gross revenue of $100,000 per year. Their latest product was shut down by the
Attorney General (see their press release below). Their child monitoring program never
succeeded and the rest is in dispute by their CTO. This company has an accumulated deficit of
over $37,000,000. So clearly all this
company does is launder money by maintaining it's trading volume and stock
price, but nature and dilution are slowly taking effect. A 5 year trend shows that this stock
continues a graceful fall. Then why has
this stock lasted as long as it has?
Simple - the company has connections to the NY and NJ mobsters (see
Supinsky), and now the current investors have been convicted of boiler room,
churn and burn tactics before. Buyer
beware! More information can be found
here.
About Echometrix
http://www.hotstocked.com/message-board/about75.html
SYOSSET, NY--(Marketwire - 09/15/10) - Echometrix, Inc.
(OTC.BB:EHMI - News), a leader in online family safety technology, today
announced a settlement with the Office of the Attorney General of the State of
New York regarding an inquiry into Echometrix's discontinued "PULSE"
project.
In response to, and out of respect for these concerns, we
voluntarily ceased PULSE in the fourth quarter of 2009. PULSE had generated
negligible revenues of less than $1,000 in a very limited distribution. In
concluding the inquiry and resolving any privacy matters, Echometrix has
entered into a voluntary agreement with the Office of the New York Attorney
General, which confirms that we have ceased the project and have implemented
appropriate measures to enforce our privacy policies. Furthermore, as an assurance
to our commitment to privacy, the Board of Directors has appointed a seasoned
privacy specialist to the Company's Advisory Board. We are pleased to have
settled this matter in a cooperative and amicable manner.
About Echometrix
Echometrix (OTC.BB:EHMI - News) develops software services
committed to online protection and family safety. For more information, visit http://www.echometrix.com/
