About Endeavor Power Corp.
Endeavor Power Corp is a fully reporting Nevada corporation traded on the OTCQB under the symbol "EDVP.QB". Endeavor Power Corp. is a bio-medical company which owns a line of Point of Care diagnostic tests on a single platform. Endeavor Power Corp has a handheld diagnostic testing system that is simple, rapid and elegant, offering the potential to transform the diagnostic landscape by transitioning critical tests from the centralized lab directly to the hands of the physician or clinicians. Endeavor Power Corp has an exclusive license for a number of issued patents & pending patents, protecting its underlying technology as well as methods for future test development. Endeavor Power Corp has FDA 510k Cleared tests for certain Infectious Diseases and a FDA 510k Cleared Desk Top Analyzer. A mobile hand held device is being developed.
Endeavor Power Corp. Headquarter Location
2 Canal Park 5th Floor
Cambridge, Massachusetts, 02141,
Latest Endeavor Power Corp. News
Sep 14, 2015
SEC Charges Medical Diagnostics Company Chairman Edward Withrow III 9/14/15 The Securities and Exchange Commission today charged the executive chairman of a Massachusetts-based medical diagnostics company and two others with conducting a pump-and-dump scheme that was ultimately thwarted when the SEC suspended trading in the company’s securities before the secretly controlled shares could be dumped on unsuspecting investors. The SEC alleges that Edward Withrow III became chairman of the new board of directors at Endeavor Power Corp. in late 2012 after a penny stock company he controlled merged with another controlled by Marco Babini, a Canadian citizen. Withrow and Babini schemed with Samuel Brown, a stock promoter in Idaho, to use Endeavor Power as a vehicle for shaping and carrying out their pump-and-dump scheme. “We allege that Withrow exploited his executive position to facilitate an elaborate pump-and-dump scheme with Babini and Brown,” said Paul G. Levenson, Director of the SEC’s Boston Regional Office. “The SEC is always on the lookout for penny stock company officers and directors attempting to manipulate company stock to line their own pockets, and we will continue working closely with our law enforcement partners to detect and punish such misconduct.” In a parallel action, the U.S. Attorney’s Office for the District of Massachusetts announced criminal charges against Withrow and Babini. Brown previously pled guilty to charges that included making false statements to the SEC during its investigation. According to the SEC’s complaint filed in federal court in Boston: Withrow and Babini used a Swiss trustee and foreign accounts to conceal their control over approximately 40 million shares of Endeavor Power stock, which they planned to dump into the market after hiring others to send blast e-mails touting the company. Prior to promoting the stock, Babini and Brown engaged in manipulative trading to artificially inflate or “walk up” Endeavor Power’s share price from 7 cents to 25 cents. Once the misleading touting campaign was underway, Babini attempted to lure additional investors by arranging to have his trades essentially reported twice in order to greatly exaggerate the demand for Endeavor Power’s stock being reported to the public. Before most of the covertly owned shares could be sold into the market, the SEC suspended trading in Endeavor Power’s securities on March 8, 2013, due to concerns about the accuracy of assertions in the company’s public filings and press releases. The SEC’s complaint charges Withrow, Babini, and Brown with violating the antifraud provisions of the federal securities laws and related rules. Withrow also is charged with failing to file the requisite reports with the SEC disclosing his ownership of Endeavor Power stock. The SEC seeks a final judgment ordering Withrow, Babini, and Brown to pay disgorgement of ill-gotten gains plus prejudgment interest and penalties. The SEC also is seeking permanent injunctive relief, penny stock bars against all three men, and an officer-and-director bar against Withrow. The SEC’s investigation was conducted by Andrew J. Palid and Mark Albers of the Boston Regional Office and supervised by Michele T. Perillo. The SEC’s litigation will be led by Martin F. Healey. SEC attorney Eric A. Forni has been appointed a Special Assistant U.S. Attorney in the parallel criminal case. The SEC appreciates the assistance of the U.S. Attorney’s Office for the District of Massachusetts, Federal Bureau of Investigation, and Financial Industry Regulatory Authority. Stories you Need to Know Stories you Need to Know It's on us. Share your news here.