8000 Inc. (EIGH.pk) Statement to Shareholders April 19, 2011

April 20, 2011 - PRLog -- In its efforts to proceed with its contemplated share exchange corporate action, the Company has been communicating with FINRA and the SEC as well as its advisors.  In line with the contemplated corporate transaction, the correct number of shares held by individual shareholders needs to be identified and confirmed.
Through several conversations, FINRA has suggested that, in addition to continuing to provide information and data to it regarding the Company and shareholder concerns, in order to redress these concerns, the individual shareholders should contact their brokers to seek assurance that the stock they have purchased and is recorded on their accounts, is not short and is fully paid for and delivered. In support of this, the Company has also contacted three of the brokers to ask the same question and provided the aggregated data on behalf of its shareholders. This information is below and provided to support and aid the Company’s shareholders in their communications with their respective brokers.

•   A review of 424 individual shareholder accounts and related “testimonies” cumulatively add up to more shares held in shareholder brokerage accounts than have been issued by the Company (143,824,700 common shares).
•   424 individual shareholders represent 60% of the total number of 8000 Inc. shareholders and is the total number to date who have responded to the audit. Responses are still being received and added to the figures.
•   In order to satisfy and deliver all the shares recorded by the brokers for 60% of the total number of shareholders, 225,017,719 shares would have to be issued through the share exchange, more than the number of shares issued and/or authorized.
•   Zecco Trading currently holds 52,002,536 shares in accounts for shareholders based on only 60% of the total number of shareholders.  
•   E*Trade currently holds 48,110,598 shares in accounts for shareholders based on only 60% of the total number of shareholders.  
•   Fidelity currently holds 7,586,726 shares in accounts for shareholders based on only 60% of the total number of shareholders.
•   Taking these three brokerage firms alone (of the 89 brokerage firms that have traded the stock), the increase in the number of shares held and recorded by these three firms currently compared to the last shareholder records based of the 424 shareholders is greater than the total number of shares held by all the other broker-dealers holding Company shares added together, which is not possible. In fact, if all the other broker-dealers sold all their shares to these three firms, Zecco, E*Trade and Fidelity, there wouldn’t be enough to meet the numbers of shares they have recorded as purchased for shareholders (31,421,469 vs 20,601,153).
•   The Company has issued this information to Zecco, E*Trade and Fidelity and asked that these brokerage firms check their records and redress any short position they find.  
•   We would also suggest that all shareholders ask their brokerage firms if the shares held in their accounts are duly paid for and delivered. If not, they must be short and therefore shareholders should request that any short positions are covered with immediate effect pursuant to FINRA Rule 11800.

If there are any questions, please direct them to the enquiries@8000inc.net.

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This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc. see published disclosure documents at OTCMarkets. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

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