UANI Applauds the SEC for Investigating Companies That Fail to Disclose Business with Iran

FOR IMMEDIATE RELEASE May 5, 2010 Contact: Kimmie Lipscomb, press@uani.com Phone: (212) 554-3296 UANI Applauds the SEC for Investigating Companies That Fail to Disclose Business with Iran New York, NY - United Against Nuclear Iran (UANI) applauds the Securities and Exchange Commission for investigating firms that do business with Iran. Business with Iran is material and therefore must be disclosed. A number of companies that operate in Iran have failed to disclose their business in Iran. UANI has targeted these companies through the Iran Disclosure Project for failing to adequately disclose the extent of and the risks of doing business in Iran. UANI President, Ambassador Mark D. Wallace said of the SEC's efforts: Conducting business in Iran is risky and it is material to investors who have a legal right to know about the risky and irresponsible activities of the companies in which they invest. The terror sponsoring Islamic Revolutionary Guard Corps is ubiquitous throughout Iran's economy. Iran's continued pursuit of an illegal nuclear weapons program and the regime's brutal crackdown on dissent make Iran one of the world's riskiest places to do business. The world's leading auditors including KPMG, PricewaterhouseCoopers, and Ernst and Young have all concluded that doing business in Iran is too risky and have ended their business there. Any company that fails to disclose its business in Iran is acting in violation of U.S. disclosure laws. UANI applauds the SEC for its decision to investigate the disclosure practices of companies that continue to operate in Iran. Through the Iran Disclosure Project UANI has targeted Royal Dutch Shell, Caterpillar, Ingersoll Rand, KPMG, and Honeywell for failing to adequately disclose the extent of their business in Iran. Click here to learn more about the Iran Disclosure Project. Click here to call on Honeywell to disclose its business in Iran. # # # United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. The prospect of a nuclear-armed Iran should concern every American and be unacceptable to the community of nations. Since 1979 the Iranian regime, most recently under President Mahmoud Ahmadinejad's leadership, has demonstrated increasingly threatening behavior and rhetoric toward the US and the West. Iran continues to defy the International Atomic Energy Agency (IAEA) and the United Nations in their attempts to monitor its nuclear activities. A number of Arab states have warned that Iran's development of nuclear weapons poses a threat to Middle East stability and could provoke a regional nuclear arms race. In short, the prospect of a nuclear armed Iran is a danger to world peace. United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons. UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons. The Objectives of United Against a Nuclear Iran Inform the public about the nature of the Iranian regime, including its desire and intent to possess nuclear weapons, as well as Iran's role as a state sponsor of global terrorism, and a major violator of human rights at home and abroad; Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world; Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran; Lay the groundwork for effective US policies in coordination with European and other allies; Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and; Promote efforts that focus on vigorous national and international, social, economic, political and diplomatic measures. UANI is led by an advisory board of outstanding national figures representing all sectors of our country.

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