FOR MORE INFORMATION:
Joe Kilsheimer
jkilsheimer@imkgroup.com
407.599.5445
FOR IMMEDIATE RELEASE
American Cash Flow Free to Do Business in Illinois
Springfield, IL – (February 10, 2004) – American Cash Flow Corporation is pleased to announce that the Illinois Department of Securities has withdrawn a Summary Order issued on September 26, 2003 preventing American Cash Flow Corporation from operating in Illinois pending registration as a provider of business opportunities.
ACFC has worked with the Department since the Sept. 26, 2003 filing and voluntarily provided the Department with the information substantiating its exemption from registration.
Through the American Cash Flow Institute, ACFC offers individuals a training program on how to make money by buying and selling streams of income. ACFC also provides ongoing support and information to professionals engaged in the cash-flow industry.
In a January 15, 2004 filing, the Department said that “additional facts obtained by the Department negate the basis …” for the Summary Order.
Of the ruling, Fred Rewey, president of American Cash Flow Corporation, said, “We, of course, were very confident that this issue would be resolved in our favor. It’s gratifying that the Department reconsidered its position after reviewing company documents. For more than 15 years, we have had a very active cash-flow graduate community in the State of Illinois and we look forward to supporting that community for many years to come.”
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