The Street Sweeper Takes a Critical Look at Imaging3

PR Newswire

posted: 78 DAYS 20 HOURS AGO

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NEW YORK, Nov. 23 /PRNewswire/ -- TheStreetSweeper.org has just published a detailed investigative news report on Imaging3 (IMGG), a heavily traded penny stock that recently boasted a market value of more than $700 million.

In its new story, authored by a former senior writer for TheStreet.com, The Street Sweeper takes a critical look at the media hype that has helped fuel the stock's eyebrow-raising jump from mere pennies to levels hovering between $1 and $2 a share. It scrutinizes the company's ongoing pursuit of regulatory clearance for its new medical device in particular, focusing on bullish discussions featured on television shows that receive payment for their favorable publicity. It ultimately raises questions about whether those promotions - rather than IMGG's actual business prospects - have been driving the company's share price.

The new story is the latest in a string of investigative reports published by The Street Sweeper, a financial news site focused on exposing possible stock manipulation and corporate misconduct. It has identified potential "red flags" in business contracts announced by Atlantic Wind & Solar (AWSL), for example, and spotlighted the generous compensation policies at much-larger Force Protection (FRPT). It has quickly attracted a growing audience of loyal readers, who are hungry for news about financial crimes, in the process.

In fact, The Street Sweeper has also caught the attention of media professionals who hope to use it as a springboard for a possible reality television series focused on white-collar crime sometime next year.

"We feel so strongly about your intent and about people's desires to see this that we would love to document your efforts in a first-class television series," stated Andy Weiss, a writer/producer whose screen credits include the popular MTV series Punk'd and the upcoming Paramount feature film Middle Men. "It is our desire to complement your site with a docu-reality show focused on you and your team and those you build cases against and take down.

"We believe that this is a TV show that everyone who has ever been shortchanged would watch and love."

The Street Sweeper regularly solicits tips from the public about possible cases of white-collar crime. Those interested in reporting corporate abuses and/or securities-related fraud should call the company's toll-free hotline at 1-877-4232 or send an email to editor@thestreetsweeper.org.

http://www.TheStreetSweeper.org

SOURCE The Street Sweeper

2009-11-23 07:38:00