King & Assoc determine 80% of all 2007 reverse mergers illegal under new SEC footnote 32

United States of America (Press Release) May 2, 2008 -- As soon as the SEC released it's new footnote 32, in-house associates at King & Associates, P.C. re-read, line for line, every reverse merger resistration submitted during 2007 to the SEC. They have determined eighty-percent (80%) of those registrations are now illegal under the new SEC footnote 32 and should take immediate action to preclude large SEC fines and barement from particpating in any public companies in the future. Contact Douglas M. King at King & Associates, P.C. at Doug@reversemergershome.com or 817-598-1007 to discuss specific matters further. Our website is at www.reversemergershome.com.