PRESS RELEASE
STATE REGULATOR ORDERS REAL ESTATE PROGRAM TO CEASE AND DESIST
 
For Immediate Release
Friday, January 16, 2009 
 
Contact: Patricia Labarthe
  Oklahoma Department of Securities
  405-280-7700
 
 
Oklahoma City/////  Irving L. Faught, Administrator of the Oklahoma Department of Securities, has issued a cease and desist order against a company and individual based in Oklahoma. The order states that Kalidy & Co. and Rabih Kalidy, all of Edmond, have violated the Oklahoma Uniform Securities Act of 2004 (Act), Okla. Stat. tit. 71, Section 1-101 through 1-701 (Supp. 2003) in connection with the offer and sale of securities.

According to the Department, Kalidy & Co. and Rabih Kalidy made initial contact with individuals by mailing thousands of unsolicited letters describing a real estate program that guarantees the safety of 100% of the invested money and 100% of the profit as well. Kalidy & Co. and Rabih Kalidy promise high monthly returns to investors. Rabih Kalidy is not registered as a securities agent and the real estate program is not registered under the Act.

This press release and other information about securities are available on the Oklahoma Department of Securities' web site at www.securities.state.ok.us; by writing to the Department at First National Center, 120 North Robinson, Suite 860, Oklahoma City, OK 73102; or by calling the Department at 405-280-7700.
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This press release, and related information, is available on the Securities Commission's web site at securities.ok.gov, by phone at (405) 280-7700, or in writing at:  Oklahoma Securities Commission, 204 North Robinson, Suite 400, Oklahoma City, OK 73102.