Barnhardt provided to his customers and therepresentations he made regarding the performance of these investments
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Barnhardt provided to his customers, and therepresentations he made regarding the performance of these investments.Specifically, K&T has received numerous calls from BellSouth n/k/a AT&T (NYSE:T) employees who held investment accounts with Mr Barnhardt These employeeshave also stated that Mr. Moreover, the Claimant has alleged that Mr.Barnhardt "guaranteed" these investments. However, it is a violation of NASDRules for a broker to "guarantee" an investment As a result of Mr. Barnhardt over-concentrated his account in securities that hadexposure to the real estate market. ("Questar"), forunsuitable investment recommendations and misrepresentations made by formerQuestar financial advisor Terry Barnhardt Specifically, the Claimant hasalleged that Mr. Notice From the Securities Law Firm of Klayman & Toskes to All Former andCurrent BellSouth n/k/a AT&T Employees Who Maintained Accounts With TerryBarnhardt and Questar Capital Corp.BOCA RATON, Fla., July 2, 2009 (GLOBE NEWSWIRE) -- The Securities Law Firm ofKlayman & Toskes ("K&T"), , announced today that it filed anarbitration claim with the Financial Industry Regulatory Authority's ("FINRA")Office of Dispute Resolution against Questar Capital Corp.
These forward-looking statements are madeonly as of the date of this announcement, and ION undertakes no obligation toupdate or revise the forward-looking statements, whether as a result of newinformation, future events or otherwise. Abernathy MacGregorLex Suvanto, 212-371-5999 (Media)Adam Miller, 212-371-5999 (Media)Copyright Business Wire 2009. There can be no assurance as to the actual resultsof the undertakings described herein. Forward-lookingstatements can be identified by the use of terms such as "expects", "should","may", "believes", "anticipates", "will", and other future tense andforward-looking terminology. In addition, forward-looking statementsmay be made orally in the future by or on behalf of ION. For moreinformation, visit Forward-Looking StatementsThis release contains forward-looking statements within the meaning of thePrivate Securities Litigation Reform Act of 1995 that are subject to the safeharbor provisions created by that Act. It also has launched Open Mobile Ventures Corporation, a business unitfocused on the research and development of portable, mobile and out-of-hometransmission technology using over-the-air digital television spectrum.
owns and operates the nation's largest broadcasttelevision station group and ION Television, which reaches over 96 million U.S.television households via its nationwide broadcast television, cable andsatellite distribution systems, and features popular TV series and movies fromthe award-winning libraries of RHI Entertainment, CBS Television, NBC Universal,Sony Pictures Television, Twentieth Television and Warner Bros., among others.Using its digital multicasting capability, the Company has launched severaldigital TV brands, including qubo, a channel for children focusing on literacyand values, and ION Life, a channel dedicated to active living and personalgrowth. Additional syndicated showssuch as Criminal Minds will join the network line-up in the second half of theyear, along with several original show premieres including the crime dramaDurham County, starring Hugh Dillon About ION Media NetworksION Media Networks, Inc. ION`s business is focused on capturing growth through improved programming anddistribution. Ratings for ION Television showed double digit increases in thefirst quarter, driven by new programming additions, including NCIS, BostonLegal, Ghost Whisperer, and popular motion pictures. "Operationally,June was a new high for us in terms of audience ratings, and this funding willallow us to maintain momentum and provide full support for the launch of ourfall programming season." The company also confirmed that it is in active discussions for the acquisitionof further content for the 2009/10 television season, including both off-networksyndicated content as well as original productions. "The team has been working very hard and diligently on building the company andwe are pleased about this vote of confidence from our stakeholders as well asfrom the Court," said Brandon Burgess, ION`s Chairman and CEO. Importantly, among other things, the Company has secured theright to convert this financing into equity at its election, as part of anoverall plan the Company intends to complete in the near term.
The financing is consistent with the Company`s plan for growing its TV networkthrough general audience appeal based on sustained investment in programming anddigital technology. In total, holders of approximately 88% of outstanding first lienindebtedness affirmatively support or do not object to the approved financing. After review of various funding proposals received in recent weeks, the Courtapproved the financing alternative determined by ION as being in the bestinterest of the Company. The approved financing is being provided by a majorityof ION`s first lien lenders, with the opportunity of participation for all firstlien holders. ("ION" or "Company"), owner and operator of the IONTelevision network, today announced that the United States Bankruptcy Court forthe Southern District of New York (the "Court") has granted final approval forthe Company`s $150 million debtor-in-possession financing being provided by amajority of its first lien senior secured lenders. (US$1=HK$7.75=6.831 yuan) (Reporting by Donny Kwok; editing by Chris Lewis).
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