Notice to All MMG Legitimate Business Partners

June 4, 2003SEC WARNINGNOTICE TO ALL MMG LEGITIMATE BUSINESS PARTNERSThe Commission wishes to inform the public that there is no factual basis for the statement made in the Notice To All MMG Legitimate Business Partners in today's edition of The Philippine Star pertaining to MMG's coordination with the Securities and Exchange Commission (SEC) on the alleged approval of their Rehabilitation Plan. The policy of the Task Force on Business Scam headed by the Department of Justice is to ensure that there is facilitation of the filing of appropriate court cases for recovery on the part of the investors victimized by the issuers of unregistered securities. The measures being undertaken by the MMG group toward rehabilitation is being pursued by said group without the approval of the Task Force or the SEC.As of the present date, there has been no communication whatsoever from MMG to the SEC concerning any rehabilitation plan much less seeking approval of the same, and therefore said notice misleads the public.This advisory is given in response to inquiries made by the public...