Date: August 15, 2002
Source: News Room
Environmental Solutions Worldwide Inc. (OTCBB: ESWW) has been advised by the Securities and Exchange Commission that the SEC has filed a civil suit against the company, its chairman Bengt Odner, and others purportedly associated both directly and or indirectly with the company. While the company has not been formerly served, it has reviewed the allegations in the suit which allege violations of certain anti-fraud, securities registration, periodic reporting, record keeping, beneficial ownership reporting, false statements to auditors and stock touting disclosure provisions of federal securities laws from 1998 through 2000. The complaint seeks injunctive relief against the company and all defendants, as well as civil penalties against certain individuals. More information: www.cleanerfuture.com.
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