Leapfrog Smart Products, Inc. announced Friday that rumors regarding an SEC investigation of the company or its founders are unfounded.
Leapfrog’s President and CEO, Randall Schrader, stated, “Ordinarily, we would not comment on anonymous rumors circulated over the Internet, but we think it is important to set matters straight, particularly as it relates to the SEC. This sort of garbage is a distraction that prevents the company from focusing on more important issues like revenues and profits. We believe these rumors originated from disgruntled former employees. Our duty is to create shareholder value, not to pander to rumor mongers or dissatisfied former employees. It’s time to move on.”
A call to SEC lawyer Ian Karpel, Denver, Colorado, from the company confirms that there is no investigation or inquiry into Leapfrog or its founders.
About Leapfrog Smart Products:
Leapfrog is poised at the forefront of providing proprietary software and hardware solutions, including biometric technologies developed for user authentication and access control in both computer networks and physical environments. The company, through creating compelling applications to generate demand for its products, intends to be a recognized leader in providing Smart Card software and hardware solutions. For more information on Leapfrog, please visit the Company’s web site at [http://www.leapfrog-smart.com].