Securities Sleuth Takes a Look at Reliant Resources and Corrpro

Washington, District of Columbia, UNITED STATES


WASHINGTON, May 14, 2001 (PRIMEZONE) -- The Securities Sleuth has just completed articles covering Reliant Resources (NYSE:RRI), whose parent company is Reliant Energy (NYSE:REI), and Corrpro (AMEX:CO). Complete articles regarding these subjects and other matters are available on the Sleuth Web site (http://www.securitiessleuth.com).

The Sleuth believes there still are a lot of ambiguities about Reliant Resources even though the Company announced that it had engaged in a series of electricity and natural gas "round trip trades" during 1999, 2000 and 2001. This is not the first time, the Sleuth has examined Reliant Resources as on February 8, 2002, the Sleuth published an article about Reliant Resources planned restatement of earnings for the second and third quarters of 2001.

The Sleuth also examines Corrpro, a provider of corrosion control engineering services, and its discovery of accounting irregularities and the resultant negative impact on the company. Specifically, the Sleuth article analyzes the fallout since the Company's March 20, 2002 announcement that it had discovered accounting irregularities caused by apparent misconduct in its Australian subsidiary.

As new financial irregularities and securities frauds emerge, the Securities Sleuth keeps its readers up to date by looking behind-the-scenes to examine how they took place, and to gauge their long-term impact on investors. More about these stories can be found on the Sleuth's Web site at http://www.securitiessleuth.com.


        

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