ROCKWALL, Texas, Aug. 23, 2009 (GLOBE NEWSWIRE) -- Nature Vision, Inc. (Pink Sheets:NRVN), a Minnesota Corporation, announces new concerns about banking practices.
Depending upon who you ask, most will agree banking as we know it could be coming to its end. We have heard about the mismanagement and greed of our banking elite, bailouts and golden parachutes, but what happens when the banks start stealing from their clients?
Nature Vision, Inc. (Pink Sheets:NRVN) has been assigned assets located in banks that have been systematically seized, moved, depleted or accounts that have been completely denied by the banks. Whatever the excuse, the outcome is the same: we have a new breed of pirates and they wear suits.
In the next few months, Nature Vision will be posting accounts for recovery from U.S. based banks such as Citibank, Wells Fargo, Bank of America, J.P. Morgan Chase, and Merrill Lynch, and internationally based banks such as UBS, HSBC, Mitsubishi, and Dresdner. "We are like a treasure hunter, but in our case we know where the treasure is, we own it, and the only thing we need to do is go recover it," says Michael Alexander, CEO of Nature Vision, Inc.
This may be easier said than done however. Nature Vision believes many of these accounts are still recoverable and may have funds in them, but some have been systematically depleted by someone in the bank and in one case, over 90% of the funds appear to have "disappeared" overnight.
We are willing to work with any bank management for the recovery of funds located in their bank, including but not limited to purchasing equities, notes, or any other financial instruments the banks offer in order to help the bank to maintain and sometimes drastically improve their current financial situation.
About Nature Vision, Inc.
Nature Vision, Inc.'s (NVI) primary revenue source will come from the recovery and/or margin of orphaned and dormant assets of high net worth individuals and companies held in financial institutions around the world.
NVI will use a portion of the funds generated by our asset recovery efforts to finance small and medium sized organizations by providing asset based funding against marketable "income producing and/or marginable" assets provided those companies meet our eco-friendly or humanitarian criteria. NVI funding will enable these organizations to compete more effectively, improve operations and increase their shareholder value.
Forward Looking Statements
This Press Release is for informational purposes only and is not intended as a solicitation of funds, and contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995.