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Rosen Law Firm Files Securities Fraud Class Action Against Poseidon Concepts Corp.-- POOSF



Rosen Law Firm Files Securities Fraud Class Action Against Poseidon Concepts
Corp.-- POOSF

NEW YORK, Feb. 23, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. today
announced that it has filed a class action lawsuit on behalf of investors who
purchased the stock of Poseidon Concepts Corp. (OTC:POOSF) during the period
from May 9, 2012 to February 14, 2013 seeking to recover damages for
violations of the federal securities laws.

To join the Poseidon class action, visit the firm's website at
http://rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan, toll-free, at
866-767-3653; you may also email pkim@rosenlegal.com or kchan@rosenlegal.com
for information on the class action. The lawsuit filed by the firm is pending
in the U.S. District Court for the Southern District of New York.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY
CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.

The Complaint asserts violations of the federal securities laws against
Poseidon and certain of its officers and directors for issuing materially
false and misleading financial information. The Complaint asserts that
Poseidon falsely overstated revenue and earnings by over 200% during the class
period. The lawsuit asserts that this adverse information caused shareholders
to lose nearly the entire value of the investment.

If you wish to serve as lead plaintiff, you must move the Court no later than
April 24, 2013. A lead plaintiff is a representative party acting on behalf of
other class members in directing the litigation. 

If you wish to join the litigation, or to discuss your rights or interests
regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law
Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You
may also visit the firm's website at http://rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation.

CONTACT: Laurence Rosen, Esq.
         Phillip Kim, Esq.
         The Rosen Law Firm P.A.
         275 Madison Avenue, 34th Floor
         New York, New York 10016
         Tel:  (212) 686-1060
         Toll Free: 1-866-767-3653
         Fax: (212) 202-3827
         lrosen@rosenlegal.com
         pkim@rosenlegal.com
         www.rosenlegal.com
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