BioTech Medics, Inc. Wins $1.78 Million FINRA Arbitration Award Against NevWest Securities
09 July 2011 - 1:53AM
Marketwired
BioTech Medics, Inc., (PINKSHEETS: BMCS) announced today that it
has been notified by a FINRA Dispute Resolution Arbitration Judge
that BioTech has been Awarded $1,788,841.00 in compensatory
damages, plus 6% per annum pre-award interest from November 8,
2007, plus post interest, legal and filing fees.
The FINRA award originated from the criminal illegal
manipulation, forgery and theft of BioTech stock by a group of ten
or more individuals who have been indicted by the US-DOJ,
US-Attorney General, Las Vegas in the matter of USA vs. Jeffery G.
Turino, et al. The Board of BioTech has successfully claimed and
proven that BioTech stock was illegally manipulated, forged and
stolen since October 1, 2004. BioTech became a public company on
December 7, 2004 in a reverse merger with Corbel Holdings, Inc.
BioTech claimed that NevWest failed to file Suspicious Activity
Reports (SARs) on the trading of BioTech stock, violated state and
federal securities statutes, violated Section 27.01 of the Texas
Business & Commerce Code and violated the consumer protection
statutes.
The Board of Directors issued a statement that on behalf of the
legitimate BioTech shareholders they are pleased with the FINRA
Award. They wish to thank the law firm of Shepherd Smith Edwards
& Kantas, LLP. BioTech also has several other FINRA complaints
filed against other securities brokerage firms regarding the same
issues as well as a Nevada lawsuit against Wells Fargo Bank NA, et
al.
BioTech is affiliated with drug-free BioTech Laser pain
management centers. BioTech is the manufacturer of SHBAN Alcohol
Free Hand Sanitizer. SHBAN is superior to alcohol hand sanitizers
because it is long lasting and non-flammable. SHBAN is colorless
and is gentle on hands.
Safe Harbor: Forward-Looking Statements This release contains
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 (the "Act"). In
Particular, when used in the preceding discussion, conditional
expressions are intended to identify forward-looking statements
within the meaning of the Act and are subject to the safe harbor
created by the Act. Such statements are subject to certain risks
and uncertainties and actual results could differ materially from
those expressed. The FDA has not evaluated the SHBAN statements
above. SHBAN is not intended to diagnose, treat or cure any
disease.
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