CGGP - A Prime Example For - Don't believe anything you read in the penny stock market

CGGP had just reached a new high of day when the press release below came out. The stock has now lost almost all of its value. Another reason why penny stocks are 'buyer beware' and why you shouldn't believe everything you see or read.


Tuesday, March 25 2008 1:23 PM, EST
Clayton Dunning Group, Inc. Comments on Recent Trading VolumeBusiness Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
Clayton Dunning Group, Inc. (Other OTC:CGGP), issues this press release to comment on recent trading volume.
It has come to the attention of the Clayton Dunning Group, Inc. (the "Company") that a certain press release, which is available on the internet, has been issued by an unknown source regarding a reverse merger with a Chinese telecom company "Xinwei Telecom Technology". This press release was not authorized by the Company, is completely false and the Company has no knowledge as to who caused the press release to be issued.
About Clayton Dunning Group, Inc.:
Clayton Dunning Group, Inc., is a financial services holding company whose principal subsidiary, Carlton Capital, Inc. is engaged in providing a general securities brokerage and investment banking and other related financial services to individuals, institutions and corporations.
This press release contains certain forward-looking statements, which are made pursuant to the ``Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals or expectations, containing words such as ``expect,'' ``believe,'' ``should,'' ``anticipate,'' ``intend,'' ``plan,'' ``may,'' ``will'' or similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks, uncertainties and assumptions that are difficult to predict and that could cause actual results to differ materially from those currently anticipated. Factors that could cause or contribute to such differences include, but are not limited to, the successful completion of acquisitions and the integration of such businesses with those of the Company, the ability to obtain financing and other factors. The forward-looking statements contained herein represent the Company's judgment as of the date of this release and it cautions readers not to place undue reliance on such statements. The Company assumes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
Source: Clayton Dunning Group, Inc