(1888PressRelease)
March 06, 2008 - PLANO, Texas -- Alchemy Creative, Inc. (PINK SHEETS: ALMY), a nationally recognized corporation focusing on children's education through multi-media and inventive educational products, announced today that it has been the victim of naked short selling and is taking actions to counter the negative impact of these stock sales.
In response to repeated queries about the status of our company, in particular, the recent decline of our company’s share price, Alchemy Creative Inc. provides this open letter to its shareholders, as well as the investment community at large.
As you are probably aware, the share price of Alchemy Creative Inc. stock has declined precipitously during the last couple of weeks of trading to its current levels. I would like to extend my sincerest apologies for any inconveniences this has caused to any of our supportive shareholders. The overall current market is very volatile and unfortunately Alchemy Creative Inc. has not been immune to this volatility. We are currently reviewing internal shareholder documents to discern if any inappropriate trading activity may have contributed to this decline. Naked short selling is a well known problem and we will use all of our available resources to combat any naked short selling of our stock. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale.
To that end, Alchemy Creative Inc. has engaged the services of Buyins.net (www.buyins.net) who has built a proprietary database that uses list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. Earlier today, buyins.net published their own news release (http://buyins.net/press/squeezetrigger/2008//03/STPR_2008-03-05_ALMY.htm) specifically regarding Alchemy Creative Inc. wherein they state that from “December 2007 to February 2008 approximately 36.1 million total aggregate shares of ALMY have traded for a total dollar value of nearly $69.1 million. The total aggregate number of shares shorted in this time period is approximately 2.8 million shares. The ALMY SqueezeTrigger price of $1.91 is the volume weighted average short price of all short selling in ALMY. The first of several short squeezes is expected to begin when shares of ALMY close above $0.15, where approximately 1.43 million shares have been shorted.” To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net. Also, the company is filing a complaint with the Securities & Exchange Commission reporting the naked short selling of the company’s stock.
From the beginning, the central philosophy of our company has been to produce products of the highest quality, be as forthcoming as possible to ensure the investment of our shareholders, and to leverage the invaluable relationships the company has been privileged to enjoy over the years with companies such as Exxon Mobil, Time Warner, The Meadows Foundation etc.
Notwithstanding the overall market conditions and, more specifically, the current price of our stock, the company remains in very good health and will continue to move forward on its stated initiatives.
We will continue to communicate with you any updates on the current business, as well as any new developing opportunities. We are very serious about increasing the value of your company, and opening the communication lines to our shareholders is vital to our overall success. I want thank you for your patience, and look forward to delivering very positive news to you in the coming weeks and months.
ABOUT ALCHEMY CREATIVE:
Alchemy Creative, Inc. was founded on the principle of edutainment – enabling learning with the integration of educational media into an exciting and entertaining format in which science and other curriculum learning is enhanced through actively engaging students. ALMY is producing video DVD, and developing online gaming and other media products for distribution to both the general public and school systems. Their philosophy and product offerings have rendered measurable results with children. The value of the media and products has been recognized by some of the world's most respected corporations, including several Fortune 100 companies.
ALMY creates and distributes some of America's most unique products for the edutainment sector. Currently, ALMY is using the latest, cutting-edge technology in developing future products such as DVDs, online video games, and other cutting-edge technologies to further captivate students. ALMY's goal is to revolutionize the way the children of the world progress in science learning. The company is utilizing 21st century technology and methodology in efforts to provide a more exciting environment in which children will be more apt to take interest in the traditional education requirements.
Stated simply, ALMY takes "what kids like," from card games and books to movies and video games, and makes them educational. Thus, children of all ages learn while having fun; in a sense, giving substance to "play time."
For more information regarding Alchemy Creative, Inc. please visit: www.alchemycreativeinc.com.
Contact:
Alchemy Creative, Inc.
Anthony Christmas,
877 860-3987
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