root9B Technologies Responds to Short Seller Pump Stopper

NEW YORK, June 15, 2015 /PRNewswire/ -- root9B Technologies, Inc. (OTCMKTS: RTNB), a leading cybersecurity, regulatory and risk mitigation company, responded today to false statements and allegations made by the financial blogger known as "The Pump Stopper."

The Pump Stopper is an anonymous author who issued a report about root9B Technologies that is rife with inaccuracies and factual mistakes, including the suggestion that insiders are selling stock. The company believes the sole purpose of this report is to benefit the anonymous author who, in a disclaimer, states he has a short position in shares of root9B Technologies.

root9B Technologies has taken action based on these allegations. This afternoon, the company has asked Harvey Pitt, former Chairman of the Securities & Exchange Commission and an independent director of root9B Technologies, to review the issue and recommend appropriate responses to the allegations. 

root9B Technologies issued the following statement in response to the anonymous author's allegations:

"root9B Technologies is appalled and incensed by the baseless anonymous blog attacks posted today by a short seller that seek to cast aspersions on both the Company's business operations as well as the integrity of its senior management team and Board.  Our Company is at the forefront of important cybersecurity developments and solutions, among other innovative business solutions, and has been recognized internationally for its unique ability in detecting and thwarting, in advance, a cyber attack against the Nation's top financial institutions.  The personal attacks on our personnel are wholly unwarranted, and appear designed to advance the anonymous blogger's short strategy, rather than provide a serious analysis of our Company's operations and capacity for future success.

"The Board today asked one of its independent directors, former SEC Chairman Harvey L. Pitt (who has never purchased or sold a single share of Company stock, despite allegations to the contrary in the blog post), to review the allegations contained in the blog posting and to recommend appropriate responses for the Company to these allegations.  It is expected that Mr. Pitt will report his findings to the Board, and to appropriate regulatory authorities at the completion of his review."

About root9B Technologies

root9B Technologies is a leading provider of Cybersecurity, Regulatory Risk Mitigation, and Energy & Controls Solutions. root9B Technologies delivers results that improve productivity, mitigate risk and maximize profits. Its clients range in size from Fortune 100 companies to mid-sized and owner-managed businesses across a broad range of industries including local, state, and government agencies. For more information, visit www.root9BTechnologies.com

SOURCE root9B Technologies, Inc.

Related Links

http://www.root9btechnologies.com

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