|Moderated By: StockDung -- (Not Moderated) -- Started: 7/11/2004 5:03:41 PM Revision History|
PRACTICE MAKES PERFECT.
PREVIOUSLY KNOWN AS CASTRPRO AND THEN THAON, THIS NOTORIOUS OFFSHORE FAVORITE OF CONMAN REGIS POSSINO, CONMAN KEVEN QUINN AND GENISISINTERMEDIA AND BOMB SALESMAN ADNAN KHASHOGGI AND THE KING OF THE BOILER ROOMS AMADORE PASTRANA. crimes-of-persuasion.com
Castpro - Fraud In The Making? Subject 32600
SI TEXT SEARCH THAON siliconinvestor.com
PRACTICEeXPERT INC IS POISED WITH NEW LEADERSHIP THOUGH WITH SECURITIES VIOLATOR MICHAEL MANAHAN LEADING THE CHARGE!! MICHAEL HAD THE MISFORTUNE OF PROMOTING A STOCK WITH SOME HARD CORE CRIMINALS INVOLVED SUCH AS BARCLAY DAVIS sec.gov
AFTER SUCH A UNFORTUNATE EXPERIANCE I AM SURE THAT MICHAEL HAS LEARNED HIS LESSON THOUGH. BUT AS USUAL I AM SKEPTICAL MICHAEL'S COMPANY ALSO WAS IR FOR OFFSHORE BOILER ROOM STOCK CHEQUMATE INTERNATIONAL WHICH FEATURE A CAST OF OFFSHORE CRIMS AS WELL AS ALLEN WOLFSON Message 20221931
HC WAINWRIGHT AS THE PLACEMENT AGENT. BROKER DEALOR GUNNALLEN FINANCIAL ALSO KICKED IN OWNING 35,000
AT A CURRENT PRICE OF 40 CENTS YOU JUST KNOW THAT THEY WILL HAVE IT UP TO $10 IN NO TIME.
RESEARCH IS ONGOING!!
Form: SB-2 Filing Date: 7/2/2004
MICHAEL MANAHAN serves as our Chief Financial Officer and a Director. Mr. Manahan has served as chief financial officer of Practice Xpert Services Corp. since September 2001. Mr. Manahan is also president of Magnum Financial Group, LLC, a non-active company he co-founded in April 1998, that provided financial advisory and consulting services to emerging growth companies. Prior to Magnum, Mr. Manahan held a variety of financial and operational positions in a diversified group of companies. Mr. Manahan is a graduate of the British Columbia Institute of Technology and holds an M.B.A. from Pepperdine University.
In February 2002, the Securities and Exchange Commission filed a civil action for violations of federal securities laws against a public entity and certain of its shareholders and officers, and against Mr. Manahan and his company, Magnum Financial Group, LLC, which had been providing investor relations services to the public company. On or about February 15, 2002, Mr. Manahan and Magnum consented to entry of a permanent injunction, enjoining them from future violations of the antifraud provisions of the securities laws, and a permanent injunction was entered on February 27, 2002. Magnum subsequently established a policy of independently verifying all information provided to it by client companies for publication and/or general distribution.
Press Release Source: PracticeXpert, Inc.
Executive Officers of PracticeXpert Return 5.2 Million Shares of Stock
Wednesday June 2, 8:00 am ET
LOS ANGELES, June 2, 2004 (PRIMEZONE) -- PracticeXpert, Inc. (OTC BB:PXPT.OB - News), today announced that its executive officers are surrendering 5.2 million shares of PracticeXpert, Inc. common stock back to the Company.
As part of a transaction relating to the sale of restricted common stock to a private investor, Jonathan Doctor, Chief Executive Officer, Michael Manahan, Chief Financial Officer, and Zima Hartz, Executive Vice President, of PracticeXpert, agreed, as an inducement to the investor, to return one share of management stock to the Company, for every two shares of stock purchased by the private investor. Subsequent to the end of the first quarter the transaction with the private investor was completed, and in accordance with the agreement, management is to return 5.2 million shares of stock to the Company.
Jonathan Doctor, CEO of PracticeXpert, Inc., stated, ``The funds generated through the sale of stock to this private investor provided the capital to complete the acquisition of Singer MedScript in March, 2004 adding almost $1 million in additional revenue, provided the capital to pay the earnest money deposit on our acquisition of Cancer Care Network, and bridged our operations through to the $5.8 million financing we completed concurrent with the acquisition of Cancer Care Network that added approximately $9.5 million in additional revenue.
``This amount of shares represents a substantial portion of management's ownership interest in PracticeXpert, and a tremendous concession on the part of management for the benefit of all stockholders. However, management still owns a significant portion of the Company, and in agreeing to surrender this stock, management has confirmed its desire and commitment to take those steps necessary to build value and execute on our business plan.''
Mr. Doctor added, ``We are confident that we will be amply rewarded for our actions as revenues increase, through additional acquisitions and through our internal sales efforts, and as we drive toward profitability, continuing our plans to become the dominant outsourced medical billing and practice management services company in this $18 billion industry.''
About PracticeXpert, Inc.
PracticeXpert, Inc. is in the business of providing ``turn-key'' administrative services to, as well as developing and deploying systems, technologies and services designed to improve operational efficiencies, reduce billing errors and enhance cash flow for, medical practitioners. Our services revolve around our flagship Revenue Management System, PXpert(tm), and include medical billing and accounts receivable management, practice management, transcription, and consulting. Where applicable, PracticeXpert bundles its technology applications with its billing and other practice management services to provide a complete and integrated solution to its physician customers. To find out more about PracticeXpert, Inc. (OTC BB:PXPT.OB - News), visit our website at practicexpert.com.
Note: Any statements released by PracticeXpert, Inc. that are forward- looking, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission.
Michael Manahan, CFO
Mohajer, Philpy & Hiles
Product and Trade Relations
Source: PracticeXpert, Inc.