Ramp Aggressively Pursuing Delisting From Berlin Stock Exchange
7/29/2004 10:21:00 AM
NEW YORK, Jul 29, 2004 /PRNewswire-FirstCall via COMTEX/ -- Ramp Corporation ( RCO ) today announced it has been, and continues to pursue, every possible avenue to demand delisting from the Berlin Stock Exchange. Ramp's common stock is currently listed on the Berlin Stock Exchange without the company's permission.

Ramp's legal counsel sent a letter to the Berlin Stock Exchange on June 1, 2004, demanding that Ramp's common stock be delisted. The response from the Exchange was that they would not delist Ramp's common stock, which the Company finds offensive and unacceptable. Further steps, including potential legal action, are being investigated, and the Company will continue to vigorously pursue the delisting of its common stock from the Berlin Stock Exchange.

Ramp is one of several U.S. companies which has in recent weeks demanded to be delisted from the German exchange, where international marketeers continue to shortsell small company stocks to bypass U.S. shorting regulations.

The controversy, though largely unreported in American media, has since April, caused billions of dollars to be syphoned from small investors in conjunction with Death Spiral Financing scams designed to bypass new insider shortselling regulations instituted on American exchanges last April.