NEW YORK, April 06, 2017 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that a class action complaint has been
filed on behalf of shareholders of Cemtrex, Inc. (NASDAQ:CETX) who purchased shares between December 7, 2016 and February 21, 2017. The action, which was filed in the United States District Court for the Eastern District of New
York, alleges that the Company violated federal securities laws.
In particular, the complaint alleges that throughout the Class Period, defendants made materially false and/or misleading
statements and/or failed to disclose that (1) over $1 million has been paid to stock promoters since late 2015; (2) the entity
paying for the stock promotion was owned by Defendant Aron Govil and based out of Cemtrex's corporate headquarters; (3) senior
executives engaged in undisclosed insider selling; (4) the Company retained a foreign accounting firm with a history of fraudulent
endeavors to conduct its financial audits; and (5) as a result of the foregoing, Defendants' statements about Cemtrex's business,
operations, and prospects were false and misleading and/or lacked a reasonable basis.
Shareholders have until April 25, 2017 to petition the court for lead plaintiff status. Your ability to share
in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
If you suffered a loss during the class period and wish to obtain additional information, please contact Joseph
Klein, Esq. by telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-sa/cemtrex-inc.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein
represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT: Joseph Klein, Esq. Empire State Building 350 Fifth Avenue 59th floor New York, NY 10118 Telephone: (212) 616-4899 Fax: (347) 558-9665 www.kleinstocklaw.com
