TheStreetSweeper Updates View on Jammin' Java Corporation

TheStreetSweeper

on Jammin' Java Corporation today. TheStreetSweeper notes that while SEC recently suspended trading in 17 dubious companies, it did not include Jammin' Java Corporation (

). The Street Sweeper said, "fueled by an aggressive promotional campaign, far more powerful than those lifting the stocks actually included on the SEC hit list, JAMN exploded from 17 cents to $6.35 a share before losing more than half of its value after we began raising serious questions about the company. Within days, JAMN quickly shed $250 million worth of its market value, as cold reality sobered up giddy investors previously drunk on overblown hype." A short-tempered Vancouver stock promoter, Mr. Whittle, quickly resigned from his top positions at JAMN right after TheStreetSweeper connected him to BGBR in a very detailed report highlighting the company. "Whittle never showed up in official filings for BGBR, the primary focus of that old story, but his Vancouver address did. That location, identified as Whittle's address in earlier filings for other companies, later surfaced as the address for the top executive of BGBR (a former barroom bouncer) as well", says TheStreetSweeper. The Street Sweepers sayd that Whittle denied all ties to BGBR and followed up with threats before hanging up the phone. Whittle has also claimed that he notified the SEC about The Street Sweeper. This action, if true, could have the potential to generate more than welcome scrutiny from the SEC that just halted more than a dozen heavily promoted penny stocks in its fresh crackdown on microcap fraud.