EchoMetrix (EHMI) - Scam, Fraud, Mob Connected, Pump-n-dump, $37M Accumulated Deficit! Long Island , New York

This company is not in business to make money, a product, or even provide shareholder value.  They have never exceeded a gross revenue of $100,000 per year.  Their latest product was shut down by the Attorney General (see their press release below).  Their child monitoring program never succeeded and the rest is in dispute by their CTO.  This company has an accumulated deficit of over $37,000,000.  So clearly all this company does is launder money by maintaining it's trading volume and stock price, but nature and dilution are slowly taking effect.  A 5 year trend shows that this stock continues a graceful fall.  Then why has this stock lasted as long as it has?  Simple - the company has connections to the NY and NJ mobsters (see Supinsky), and now the current investors have been convicted of boiler room, churn and burn tactics before.  Buyer beware!  More information can be found here.

http://www.hotstocked.com/message-board/about75.html

Press Release Source: Echometrix, Inc. On Wednesday September 15, 2010, 9:32 pm EDT

SYOSSET, NY--(Marketwire - 09/15/10) - Echometrix, Inc. (OTC.BB:EHMI - News), a leader in online family safety technology, today announced a settlement with the Office of the Attorney General of the State of New York regarding an inquiry into Echometrix's discontinued "PULSE" project.

In June 2009, Echometrix announced a developmental project called "PULSE," designed to give marketers insight into a range of user generated content on the Internet. The project would share certain anonymous, aggregated and truncated data -- which did not include personally identifiable data such as first and last names, email addresses, or phone numbers. Nonetheless, the Company soon learned of privacy concerns regarding PULSE from the New York State Attorney General office and an inquiry was initiated in October 2009.

In response to, and out of respect for these concerns, we voluntarily ceased PULSE in the fourth quarter of 2009. PULSE had generated negligible revenues of less than $1,000 in a very limited distribution. In concluding the inquiry and resolving any privacy matters, Echometrix has entered into a voluntary agreement with the Office of the New York Attorney General, which confirms that we have ceased the project and have implemented appropriate measures to enforce our privacy policies. Furthermore, as an assurance to our commitment to privacy, the Board of Directors has appointed a seasoned privacy specialist to the Company's Advisory Board. We are pleased to have settled this matter in a cooperative and amicable manner.

We remain very enthusiastic about the current products and future developments of Echometrix and will continue to focus on the products and services we know best -- tools and applications that protect children online, and offer parents control and transparency into their children's online activities.

About Echometrix

Echometrix (OTC.BB:EHMI - News) develops software services committed to online protection and family safety. For more information, visit http://www.echometrix.com/