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VoxBox World Telecom Inc. Orders Nobo List to Examine Short Positions and Actual Share Numbers VoxBox World Telecom Inc. ("VoxBox" or "Company"), (PINKSHEETS: VXBX) announces today that it will soon begin a program to address the potential short position in the stock that management believes needs to be examined and rectified to the benefit of the shareholders.
The first step in this process will be an examination of the Company's Non Objecting Beneficial Ownership (Nobo) List, DTC position reports and transfer agent records. These sources of information will give the Company a clear picture on the specific ownership positions of VoxBox's shares.
The Company feels there may be an imbalance in regards to the reported short positions, the shares that are out in the public and possibly, the total shares issued and outstanding. If the Company's research and examination find such an imbalance the Company will act to correct the problem.
As the Company continues to progress on implementing its new business models, it is doing everything it can to make certain that there are no discrepancies in the outstanding share position. The Company believes these actions will be positive towards ensuring the right conditions for successful increases in shareholder value.
All trademarks, trade names, and service marks mentioned herein belong to their respective owners. This release contains forward-looking statements that involve risks and uncertainties. Statements in this news release, other than historical data, are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors uncontrollable by the company. This announcement does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Source: Market Wire (October 4, 2006 - 10:50 AM EST)