NEW YORK, Jan. 22, 2004 (PRIMEZONE) -- Notice is hereby given that Paskowitz & Associates has filed a class action lawsuit in the United States District Court for the Southern District of California on behalf of purchasers of Advanced Marketing Services Inc. ("Advanced Marketing" or the "Company") (NYSE:MKT), common stock between January 16, 1999 and January 13, 2004, inclusive (the "Class Period").
The complaint alleges that certain Advanced Marketing senior officers ("Defendants"), and the Company, violated the Securities Exchange Act of 1934. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Paskowitz & Associates toll free at 1-800-705-9529 or via e-mail at: classattorney@aol.com .
During the Class Period, Defendants are alleged to have issued or caused to be issued a series of false and misleading statements to the marketplace resulting in Advanced Marketing's stock price trading at artificially inflated levels. The Company's stock traded as high as $25.00 during the relevant period. On January 14, 2004, the Company announced that it would restate its previously filed financial statements for each of the fiscal years in the five-year period ending March 31, 2003. The false and misleading statements allegedly concern the Company's net income, advertising revenue and related costs.
Plaintiff seeks to recover damages on behalf of class members and is represented by Paskowitz & Associates, which has significant experience and expertise in prosecuting class actions on behalf of investors and shareholder in state and federal courts.
If you are a member of the class described above, you may, no later than March 16, 2004, move the Court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. You may retain Paskowitz & Associates, or other counsel of your choice, to serve as your counsel in this action.