MURRIETA, Calif., March 16, 2010 (GLOBE NEWSWIRE) -- ActionView International, Inc. (Pink Sheets:AVEW) Chairman and Chief Executive Officer Gary Nerison today discussed the recent action by the Pink OTC Markets Inc., which operates www.otcmarkets.com, to cease displaying the company's stock quote, by referring to an email received from Pink Sheets OTC Market, Inc., which stated, "Pink OTC Markets has become aware of a Promotion regarding your security, ActionView International, Inc. (AVEW). It is Pink OTC Markets' policy to block the display of quotations on pinksheets.com for non-Current issuers and label the company with our Caveat Emptor symbol."
Mr. Nerison responded, "We are unaware of any stock promotion in connection with ActionView International, Inc. and disagree with the Pink OTC Markets' decision to cease displaying our stock quote as we have filed all required financial information with the Pink Sheets. The solution for us is to file an Initial Company Information and Disclosure Statement along with an attorney letter, pursuant to the Guidelines for Providing Adequate Current Information. Since it has always been our intention to provide our shareholders with current, detailed information on the company, we intend to file these documents in the coming days."
Mr. Nerison continued, "We are encouraged by the recent enthusiasm in the market for the company's action-sports brand, World Championship Full Contact (WCFC), which is holding its inaugural event on April 3, 2010 at the Rail Event Center in downtown Salt Lake City and featuring some of the most exciting professional fighters in the sport today. When you also consider that the WCFC operates the first and only web-based social network for mixed martial arts, the fastest growing sport in the world, it is not surprising that our company has generated this level of excitement."
Fight fans, fighters, promoters, trainers and ring girls are encouraged to visit the WCFC website at www.wcfc.com to set up a personal profile and join the first and only comprehensive content driven MMA web community dedicated to fighting. The site harnesses the power of social networks, allowing users to connect and share information about their favorite fighters, fights and events. A comprehensive marketing program is being implemented which is expected to result in the www.wcfc.com becoming the dominant fighting website in the world and draw consumers for WCFC events broadcast over the Internet.
Shareholders and anyone interested in monitoring the progress of the company are encouraged to subscribe to the electronic mailing list at www.actionviewint.com.
About ActionView International, Inc.
ActionView International (www.actionviewint.com), its wholly owned MatchFights, LLC subsidiary and the World Championship Full Contact brand deliver live, high-definition, pay-per-view events, including no-holds-barred, full contact fights, in an interactive venue over the Internet to a global audience. Revenue is derived from pay-per-view buys. The live events have broad appeal and include elements of fighting, music, ring girl contests, and other live entertainment as part of the broadcast. For additional information about MatchFights and its World Championship Full Contact brand, please visit www.wcfc.com and join the world's premier fight-based network.