Investor alert: Prestige Mergers and Acquisitions Corp

2005-12-22

Prestige Mergers and Acquisitions Corp is not authorised by Finansinspektionen (The Swedish Financial Supervisory Authority). Therefore Prestige Mergers and Acquisitions Corp is not entitled to provide financial services.

Prestige Mergers and Acquisitions Corp has a website, (prestigemc.us, registered in June 2, 2005, San Bernardino, CA, USA) where it claims to have following address:

Metropark Center Suites 16c/16k, 12th floor
33 Wood Avenue South,
Newark New Jersey
NJ USA 08830

Finansinspektionen has received information that Prestige Mergers and Acquisitions Corp has approached investors in Sweden by telephone. Prestige Mergers and Acquisitions Corp offers the investors, on behalf of a client, to buy shares. The investor is offered a very high price for the shares. But, the investor has to pay an “Insurance Indemnity Bond” of ten per cent of the price in advance. It is a matter of Advance Fee Fraud scheme.

Finansinspektionen advices anyone who wants to do business with a company or a person, to check beforehand in the companies register for securities ser-vices whether the institution or person concerned is registered and allowed to perform securities services in Sweden.

Dnr 05-6469-331