Explanation for the Suspicion of the Fake Trading Rumor
2006-03-16
About the report of EPoX was suspected to be involved in a fake trading, we are hereby declaring this. All the transactions between EPoX and E-Kong are real.There is no fake trading.
1. E-KONG Company background:
E-Kong company is 100% EPoX owned company, as the bridge between EPoX and its subsidiary, in China.
- About Goods: EPoX sold components to its subsidiary in China via E-KONG. After assembling the components to finished products, E-KONG sold them to foreign customers.
- About payment: After receiving the payment from customer, E-KONG will pay the fee of components, and assembling cost to EPoX and EPoX's subsidiary in China. Some customers sent the payment directly to EPoX by mistake, we will help the customers to transfer their payments to E-KONG.
2. EPoX immediately initiated actions to clarify the situations to related government department, including sending out warnings to its closed partners, as well as distributing an official statement to the press worldwide. Moreover, the company operation will continue and will not be affected by this incorrect rumor.