INDIANAPOLIS- Dec. 13, 2004- LAWFUEL – First with law news -The foll…

INDIANAPOLIS- Dec. 13, 2004- LAWFUEL – First with law news -The following is being issued by the law firm of Sommer Barnard Attorneys, P.C., One Indiana Square, Suite 3500, Indianapolis, IN 46204, (317)713-3500.

You are hereby notified that a securities fraud class action captioned Central Community Church of God et al. v. Ent & Imler CPA Group, PC, Cause No. 1:03-cv-0667-DFS-VSS, has been commenced in the United States District Court for the Southern District of Indiana on behalf of all persons (“Noteholders”) who purchased between April 30, 1998 and April 30, 2002 (the “Class Period”) Investment Notes offered by Church Extension of the Church of God, Inc. (“CEG”) through a series of Offering Circulars (dated April 30, 1998; April 30, 1999; May 1, 2000; and November 1, 2001) and who suffered losses as a result of their investment (the “Class”). The complaint charges Ent & Imler CPA Group, PC (“Ent & Imler”), which acted as CEG’s independent auditors from December 1997 to September 2002, with violating the federal securities laws by certifying CEG’s consolidated financial statements which were made a part of certain Offering Circulars, with Ent & Imler’s approval, and otherwise helping to prepare the Offering Circulars. The complaint alleges that the Offering Circulars, including the consolidated financial statements, contained fraudulent misrepresentations and omissions that misled Noteholders and concealed CEG’s true financial condition, including misrepresenting that the proceeds from the sale of Investment Notes would be used primarily to fund church loans and that CEG maintained a reserve of liquid assets equal to a percentage of CEG’s outstanding note obligations, and omitting information that CEG was engaging in a series of high-risk “bargain sale” transactions using inflated appraisals and other means to exaggerate the value of the properties or businesses acquired by CEG.

If you are a member of the Class, you may, not later than February 11, 2005, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, you must meet certain legal requirements.

If you wish to discuss this action or have any questions concerning this notice of your rights or interests, please contact Edward W. Harris III or Mary T. Doherty, both at (317) 713-3500, in Indianapolis, Indiana.

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