January 04, 2013 at 23:30 PM EST
The Rosen Law Firm Files Securities Fraud Class Action Against the Former Auditors of Electronic Game Card Inc. -- EGMIQ

NEW YORK, Jan. 4, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announced today that it has filed a class action lawsuit on behalf of all purchasers of Electronic Game Card, Inc. (OTCBB:EGMIQ) (Pink Sheets:EGMIQ.PK) stock between April 5, 2007 and February 19, 2010 (the "Class Period").

To join the EGMI class action, go to the website at http://www.rosenlegal.com or call Timothy Brown, Esq. or Jonathan Horne, Esq. toll-free at 866-767-3653 or email tbrown@rosenlegal.com or jhorne@rosenlegal.com for information on the class action. The case is pending in the United States District Court for the Southern District of New York. 

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY ALSO RETAIN COUNSEL OF YOUR CHOICE.

The complaint charges Timothy Quintanilla and certain of the present and former partners of Mendoza Berger & Co., LLP ("M&B") with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The complaint asserts that, during the Class Period, M&B, EGMI's independent auditor, issued materially false and misleading audit opinions certifying financial statements of EGMI, which misrepresented the Company's true financial condition. The Complaint alleges that on February 19, 2010 the Company filed an 8-K announcing that its auditors had withdrawn their audit opinions for Electronic Game Card, Inc.'s financial statements for the years ended December 31, 2006, 2007, and 2008.   

A class action lawsuit has already been filed on behalf of EGMI shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than March 5, 2013. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Timothy Brown, Esq. or Jonathan Horne, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at tbrown@rosenlegal.com or jhorne@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

CONTACT: Timothy Brown, Esq.
         Jonathan Horne, Esq.
         The Rosen Law Firm P.A.
         275 Madison Avenue, 34th Floor
         New York, New York 10016
         Tel:  (212) 686-1060
         Toll Free: 1-866--767-3653
         Fax: (212) 202-3827
         tbrown@rosenlegal.com
         jhorne@rosenlegal.com
         www.rosenlegal.com
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