PHOENIX , May 19, 2021 /PRNewswire/ -- Alpine 4 Holdings, Inc. (OTCQB: ALPP), a leading operator and owner of small market businesses, announced that it has filed a lawsuit, along with several shareholders, in the United States District Court for the District of Arizona case number 2:21-cv-00886-MTL against FIN CAPITAL LLC ("Fin Cap"), and GRIZZLY RESEARCH LLC ("Grizzly") alleging securities fraud, tortious interference with business expectancy and libel slander for disseminating false and misleading statements about Alpine 4 and its employees to manipulate the stock price and further their own financial interests.
Alpine 4 and its shareholders allege that, on March 10, 2021 , Grizzly, speaking through its principal, Siegfried Eggert , and through social media platforms and media contacts published false, misleading, and unsubstantiated short reports on Alpine 4. Using social media platforms and websites, Fin Cap, through its principal, Brian Finn allegedly published strikingly similar disinformation, linking to Grizzly's unverified and untruthful report. In detail, Alpine 4's and certain shareholders' factual allegations undermine and dispute the defamatory, false, and misleading nature of the reports by these individuals and their companies, respectively.
CEO Kent Wilson had this to say. " It pains me to see this level of nonsensical statements made in this day and age. The danger in such statements and supposed 'reporting' is, the writers mix truth with lies, so the reader cannot ascertain where the truth ends, and the lie begins. This was a designed attack on the character of the company, its employees, and shareholders. Alpine 4 will not sit idly by. This lawsuit is our way to hold the people and organizations accountable for their actions."
About Alpine 4 Holdings
Alpine 4 Holdings, Inc. (ALPP) is a publicly traded conglomerate that acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. At Alpine 4, we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies, even in brick-and-mortar businesses, can drive innovation. We also believe that our holdings should benefit synergistically from each other, have the ability to collaborate across varying industries, spawn new ideas and create fertile ground for competitive advantages.
Four principles at the core of our business are Synergy. Innovation. Drive. Excellence . At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards, but also increase value for our shareholders.
CONTACT:
Investor Relations
investorrelations@alpine4.com
www.alpine4.com
Forward-Looking Statements: The information disclosed in this press release is made as of the date hereof and reflects Alpine 4 most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.
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SOURCE Alpine 4 Technologies