Thomas Chaffee, the sole board director of HomeSeekers.com Inc. (OTC Bulletin Board: HMSK), a leader in online real estate technology and services, today issued a statement assuring shareholders, customers and employees that the company plans to remain a going concern.
In an open letter to "Friends of HomeSeekers," Chaffee stated: "This has been an extremely difficult time fraught with emotion and replete with seemingly insurmountable challenges. The confluence of events, resignations and the acrimony of a breakup played out in a public forum has led to wild, unfounded speculation.
"As the sole remaining director of HomeSeekers, I feel it is time to reassure our friends and customers that there is absolutely no gap in leadership. We stand here with the finest in real estate technology, the most capable and committed employees and a substantial market share. We intend to not only survive, but also to thrive.
"As the sole point of fiduciary responsibility at the director level, it bears notice that I take my commitment to our shareholders and our business very seriously. I am giving my all to protecting shareholder interests to whatever extent possible.
"I recognize that there has been a credibility gap with HomeSeekers management in the past. You can and should expect the team running your company to operate with absolute integrity. In that context, I want to assure you that I have my hands firmly on the wheel as we execute our plan to successfully grow our business.
"I hope for the end of hyperbole at all levels, in lieu of this simple message: It is our sole intention to transform HomeSeekers into a successful and profitable growth company. Let me repeat: We are serving our customers, paying our employees and developing new solutions that will revolutionize our industry.
"Lord Byron said that 'adversity is the first path to truth,' and so it shall be for HomeSeekers.
"Despite the news and rumors you may have heard, this company has no plans to disappear. We will fight."
Source: Company News Release.
Published: October 25, 2001
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