EQCO2 Denies Statements in Crown Equity Press Release and Suspects Improper
Trading of EQCO2 Shares
LAS VEGAS, NV -- (Marketwired) -- 08/21/13 -- EQCO2, Inc. (FKA
Cleantech Transit, Inc.) (OTCQB: CLNOD) today responds to the
allegedly false statements and misrepresentations disseminated by
Crown Equity Holdings, Inc. in its recent press release.
EQCO2, Inc., Billy Barnwell, Shad Sullivan, and Arnold F. Sock each
deny the allegations, which they assert to be misstatements, and
obfuscations of true facts made by Crown.
EQCO2 and the named individuals are considering taking legal action
against Crown and others involved. EQCO2 welcomes an investigation by
the FBI, the SEC, and FINRA and requests an investigation of the
trading of EQCO2's stock.
Based on information and belief, EQCO2 suspects that Hassan Zaman
(AKA Mike Zaman), a person barred by the SEC from association with
any stock broker used inside information from his wife, Montse to
manipulate EQCO2's share price, explaining the shares' unprecedented
rise and fall. The SEC's order is at
http://www.sec.gov/litigation/admin/3440494.txt. Montse Zaman, is an
officer and director of EQCO2 and Crown. EQCO2 believes that Zaman
uses his wife to control Crown and many stock promotion websites, all
of which he actually controls.
Billy Barnwell, Shad Sullivan, and Arnold F. Sock unequivocally state
for the record that they never traded any shares of EQCO2, directly,
indirectly, or through the auspices of others.
Discovery will vigorously fight any attempt to rescind the
transaction and will take every action available to it under the law
to protect its interests and the interests of its shareholders.
Safe Harbor Statement: This news release includes forward-looking
statements pertaining to future anticipated projected plans,
performance and developments, intended to qualify for the safe harbor
from liability established by the Private Securities Litigation
Reform Act of 1995. Any statements on this news release that are not
statements of historical fact should be considered forward-looking
statements. These forward-looking statements generally can be
identified by phrases such as "believes," "expects," "anticipates,"
"foresees," "forecasts," "estimates," "intends," or other words or
phrases of similar import. Similarly, statements in this news release
that describe the Company's business strategy, outlook, objectives,
plans, intentions or goals also are forward-looking statements. All
such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those in forward-looking statements.
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