Trading Halted by SEC on Absolute Health and Fitness
TORONTO - MARKET WIRE - 12/15/04
The Bellwether Report analysts will be looking into the most recent corporate development that came to fruition with Absolute Health and Fitness (OTC: AHFI) a company that we have been tracking for the past 45 days. Absolute Health and Fitness saw an enormous influx in demand pushing the stock from their early November price of around $1.00 to their high of well over $4.00. The company never once announced any corporate development to justify their mysterious run.
Today however the Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading of the securities of Absolute Health and Fitness, Inc. ("Absolute Health"), of Carson City, Nevada at 9:30 a.m. EST on December 15, 2004 and terminating at 11:59 p.m. EST on December 29, 2004.
The Commission temporarily suspended trading in the securities of Absolute Health because of questions that have been raised about the accuracy of publicly disseminated information concerning, among other things, its corporate status and its ownership of certain health and fitness facilities.
The Commission cautions broker dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
If any broker dealer or other person has any information which may relate to this matter, they should immediately communicate it to Doreen Mosaphir, Investor Assistance Specialist, Southeast Regional Office of the Securities and Exchange Commission. She can be reached at (305) 982-6301 or by e-mail at Miami@sec.gov.
The above is a reformatted version of a press release issued by The Securities and Exchange Commission and obtained via www.sec.gov. Release no. 34-50875
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