LITTLE ROCK, Ark.--(Business Wire)--
Kelyniam Global, Inc. (OTCBB: KLYG), CEO would like to inform
shareholders of recent activity regarding the Company's stock price.
Letter from James Ketner:
"I have been inundated with phone calls over the last week
regarding the activity in our market, and I would like to inform
everybody involved some things that I do know, and don't know."
"These are the things I know. The Company is not selling stock,
and the affiliates are not selling stock. As of yesterday, June 25,
2008, as indicated on a certified copy of the shareholder list by our
transfer agent, Kelyniam Global, Inc. had 607,200 shares in Cede & Co.
(i.e. stock registered in street name, i.e. stock certificates that
have been deposited into brokerage accounts). Out of the 607,200
shares in Cede & Co, the affiliates as a group hold 430,000 shares; an
accredited investor in California holds 130,000 shares; which leaves
approximately 47,000 shares. Two close personal friends of mine as a
group own over 60,000 shares. The sum total of these amounts exceeds
the total stock that is in street name which leads me to believe that
whoever is selling stock over the last couple of days does not own
it., i.e. they are shorting stock in order to drive down the price
hoping to strike fear into our shareholders to get them to sell their
stock. There are more shareholders with stock in their brokerage
accounts than mentioned above but when the total went negative, we
stopped counting."
"Some other things I know. The Company is much stronger today than
it was a month ago when the stock was trading at $2.50. We have had
some obstacles to over come over the last month regarding the recent
acquisition, staying off predators from the Company stock, and getting
the liabilities (bad people) that once were involved in Kelyniam out
of the way. The Company is somewhat in a quiet stage right now and
some things need to be ironed out with the assets, liabilities, and
name changes regarding existing and new contracts. Management is
excited about upcoming events, and is anxiously awaiting the release
of this information to our shareholders when all contracts have
legally been moved into the Kelyniam name. The company will be
announcing the appointment of a new Operations Manager, and he
purchased $12,000 of stock at $1.20 for his own personal investment. A
little patience here will be rewarded over the next couple of weeks."
"Some things I don't know. I don't know who is selling our stock.
I am assuming because our stock is so thinly traded, because of the
huge spreads between the bid and ask, they believe it is an easy
target. I have no idea when they are going to stop, what price they
intend to take the stock to, I have no idea what their motus operandi
is or when they are going to realize that a long would be better than
short right now. They might be surprised of the tenacity of the
Company's shareholders reluctance to sell. This could get
interesting."
"Management believes the best way to fix this situation is to
continue growing the company, stay focused on earnings, and keep
moving forward as planned. I would like to reiterate again to all
shareholders that my mother, sister, brother-in-law, aunts, uncle,
cousins, business associates, my closets personal friends are
investors in the Company's stock. They have been buying, not selling
since the Company started trading. They have continued believing in
what we are doing, regardless of the efforts of an outside force
trying to dislodge their holdings. Don't forget, I have them to answer
to everyday, and their opinion of me means a lot."
"I hope this helps answer some of your questions. Please feel free
to contact me or Ms. LynRay if you have additional questions."
"I appreciate your time and patience."
Sincerely,
James Ketner, President/CEO/Chairman
More information Kelyniam Global, Inc. can be found by following
the links provided on our home page. (www.kelyniam.com)
This press release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended that involve risks and uncertainties that could cause actual
events or results to differ materially from the events or results
described in the forward-looking statements. The forward-looking
statements are based on current expectations, estimates and
projections made by management. Kelyniam Global, Inc. intends for the
forward-looking statements to be covered by the safe harbor provisions
for forward-looking statements. Words such as "anticipates,"
"expects," "intends," "plans," "believes'' "seeks," "estimates," or
variations of such words are intended to identify such forward-looking
statements. Additional uncertainties and risks are described in
Kelyniam Global, Inc.'s most recently filed SEC documents at
www.sec.gov. All forward-looking statements are based upon information
available to Kelyniam Global, Inc. on the date hereof. Kelyniam
Global, Inc. undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise
Kelyniam Global, Inc.
Michelle LynRay, 1-800-280-8192
www.kelyniam.com
Copyright Business Wire 2008
