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Press ReleasePortus Denies Any Linkage to PDP International BankTORONTO, Feb. 25, 2005 -- Stanton DeFreitas, the consultant who assisted in the establishment of PDP International Bank (PDP) in St. Vincent and the Grenadines, has received written confirmation from Portus Alternative Asset Management Inc. (Portus) that the company has never had and does not have any business dealings with the Caribbean bank.Mr. DeFreitas revealed contents of a letter addressed to him by Mr. Boaz Manor, Managing Director of Portus, stating that "[Portus] does not have, and never had, any business dealings with PDP International Bank. Portus has never engaged in any transaction with the Bank and the Bank does not hold any securities for Portus." Mr. Manor went on to state that "Portus has never communicated or transacted with Mr. Stanton DeFreitas." Mr. DeFreitas said that, "It is important to reiterate that Portus, not PDP or Stanton DeFreitas, is the focus of an OSC investigation but the potential harm it can cause to our respective reputations need to be mitigated now, not only for PDP and Stanton DeFreitas, but also for St. Vincent and the Grenadines. The jurisdiction does not deserve the type of publicity received to date, especially since St. Vincent and the Grenadines is a well-regulated international financial services center." Contact: Stanton DeFreitas (416) 590-1470 |
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