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Extreme Energy Solutions fights the AG of N.J
The Shareholders of EES disagree with the state of N.J. and have letter to prove their true feelings. The AG has acted in bad faith and there is no damaged party.
Source: Samuel K. Burlum, CEO and President and Green Tech Company, Extreme Energy Solutions, Inc. continues to debate the allegations made by the New Jersey State Agency and will head into a contest in court Summer of 2016. Burlum and Company continue to assert their affirmed defenses in both court of law and in the court of public opinion.
Ogdensburg, New Jersey, December 21, 2015
Extreme Energy Solutions, Inc., currently located in Ogdensburg, New Jersey, and its CEO and President Samuel K. Burlum, have been inbattled in a heavy contest of debate with the New Jersey Bureau of Securties over a list of allegations it published in the public media October 2014. Burlum and Company had tried to settle with the State agency, ending in many failed attempts, with both sides not willing to settle on consessions that would bring this matter to a close. With the matter still standing, it is scheduled to be heard in adminstartive court late June 2016.
Burlum, the Company, and many of its Shareholders (investors) have grown tired by the abusive tactics and bad faith demonstrtated by the agency in the past year and two months. Shareholders have expressed their support for the Company and their CEO in a series of notorized letters, and condemn the actions of the State Agency. Letter can be reviewed here (http://extremeenergysolutions.net/
"Extreme Energy Solutions, Inc. and its CEO, Mr. Samuel K. Burlum, continues to assert and affirm its defenses in this matter," says Jeff Smith, Communications Director for Extreme Energy Solutions, Inc., " as the Company and Mr. Burlum look to have this matter heard in both a Court of Law and in the Court of Public Opinion."
"Many investors have also expressed their disgust and frustrations with the New Jersey Securities Bureau and Attorney General's office, in which they are angered by the State's actions, claiming it is the state which has put their investment in jeopardy. A large number of investors have written certified/notarized letters in support of the Company and Burlum, coming out against the New Jersey Bureau of Securities and the Attorney General," added Smith.
"There are many discrepancies and issues with the Claims by the New Jersey Securities Bureau and the Attorney General, in which they left out very important material facts in their claims, which they did knowingly and purposefully in order to create the perception of a fraud, when one does not exists. Such example includes the fact that I still do not take a salary nor any wages from the company, nor have I taken any salary or wages out of any investor proceeds; a vow that I have kept in force since 2010, until the company is completely sustainable,"
"Another important misconception about the AG's complaint and media release, is that they (the AG's Office) gave the impression that the Company was blocked from offering its products and services, which is not true. The Company was ordered not to sell and/or offer any unregistered security. The AG and the NJ SB knowingly and purposefully misrepresented this fact in the public, resulting in sales of product to be cancelled, and creating a multitude of financial damages for the Company. The Company at this time is free to offer and sell its products and services," continued Burlum.
Burlum also makes other important claims regarding the abuse of power and authority by the AG and his Staff. Burlum will be addressing these issues formally in a future date.
"We are looking forward in getting these issues resolved so that we can continue to vision and mission of Extreme Energy Solutions, Inc.," concluded Burlum.
Burlum explains his side of the story and the history of Extreme Energy Solutions in his self -written book, titled "Life in the Green Lane-in Pursuit of the American Dream," set for release spring of 2016.
Extreme Energy Solutions