A Plan Submitted by MED CEO

Wladjmir Panacek Finally Responds to VSTEX Inquiries

For SLReports.net

Today VSTEX Public Relations Director Samantha Goldflake announced that the beleagured MED(VSTEX) management had provided a plan for the future of the company.

"Some hours ago we received a plan from current Mediterraneo OC (MED) CEO, Mr. Panacek. The plan is about the future of the company, which is currently under a temporary trading halt. The plan is being evaluated by us for compliance with our rules, viability and fairness. Over the next 24 hours we'll get back to Mr. Panacek with our comments. We're looking forward to get past this issue very soon." Goldflake said in the press release.

One of the issues is a renaming and organization of the company.

"We will forward letter of request to the direction VSTEX to modify the security from MED to HSO. HSO is an existing real company in Italay, which has furnished sureties for the sponsorship of the lands of my ownerhip." CEO Wladjmir Panacek said in a public statement on November 13th.

MED(VSTEX) has been halted since November 3rd.

"In application of our Rule 1c (Authority to Initiate Trading Halts), Section Trading Halts and Delistment Rules, the issuer Mediterraneo OC (MED) has been temporarily suspended and its securities halted." Goldflake stated on the 3rd, "An enquiry has been sent to the company CEO and we're awaiting for an answer."

Two more emails were sent to Panacek on the 13th and 17th as the VSTEX tried to determine a course of action for the POS prior to the response recieved today.