FOR IMMEDIATE RELEASE
Thursday, March 03, 2005
Contact: Mary Hosmer, (573) 751-4704
Carnahan Issues Cease and Desist Order against Mesa-Data Services Inc. to Protect Missouri Investors
Jefferson City, Missouri -- Secretary of State Robin Carnahan issued a Cease & Desist order today against Raymore, Missouri resident Kurt J. Holdeman and his company, Mesa-Data Services, Inc. ("Mesa"). Holdeman told an investor that they would make a "tremendous" amount of money by investing in Mesa, however, Holdeman allegedly failed to disclose that Mesa's corporate registration had been dissolved and that Holdeman had used prior investors' money for personal expenses.
In September 2004, Holdeman, President & CEO of Mesa, contacted a Missouri resident to purchase Mesa stock. Holdeman claimed that the resident would receive a stock certificate and eventually make money when Mesa was bought out by Best Buy Co., Inc. Best Buy, however, had no record that they had ever engaged in any discussions or negotiations to purchase Mesa. Furthermore, as of February 2005 the resident had not received the promised stock certificate and Mesa has refused to return the investor's money.
Records obtained by the Division indicate that at least 30 individuals invested in stock, promissory notes or had loan agreements with Mesa. These individuals invested over $900,000.
"Before falling prey to false promises of generous returns investors should carefully review all solicitation materials and written agreements before committing resources," Carnahan said. "I strongly encourage all investors to check the promoter and the security being offered to ensure they are both registered with my office. A call to our Investor Hotline at 1-800-721-7996 can prevent fraudulent business people from taking advantage of another victim."
Investors can also log on to the Secretary of State's Web page at www.sos.mo.gov and get securities related materials.
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