Friday, April 13, 2007

First Announcement ..( From Dressel )...??..

Announcement

There have been many inquiries of investors in Dressel investment limited ( a BV corporation ) regarding its status and the status of their investments. At present Dressel is attempting to obtain information from its independent marketing agents in Indonesia, PT WBG and PT Multijaya, regarding amounts withheld by them and amounts already paid to investors. Without this information, Dressel cannot determine which of its investors has already received a full return of their contract amounts and those which have invested more recently; and their funds have been withheld by the marketing agents without an accounting to dressel.

The marketing agents are not responding in a timely manner and it is Dressel's position that they have wrongfully withheld funds from dressel. Dressel is exploring it's legal options to obtain the required information and funds from it's marketing agents. Dressel is also presently in the process of accounting for it's foreign investments to determine whether it is in the interest of investors to become more liquid in the short term. Dressel has also brought suit against Don Sherer and related entitles in the Third Judicial District Court in Salt Lake City, Utah, U.S.A to recover amounts that it believes Mr. Sherer took through misapprppriation of funds and breaches of duties to Dressel.


Dressel Investment Limited.

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