NEW YORK--()--The Rosen Law Firm today announced that it has commenced an investigation into allegations that PCS Edventures!.com, Inc. (“PCS Edventures” or the “Company”) (OTCBB: PCSV - News) violated the federal securities laws by issuing false and misleading statements beginning in March 28, 2007 about a purported $7 million contract with PCS Middle East.
On August 15, 2007, the Company revealed that there was no such agreement, nor was an agreement likely to exist in the near future. On August 26, 2010 the SEC instituted an action against, PCS Edventures and others for fabricating the existence, terms, and nature of the purported agreement.
As a result of these allegations, the Rosen Law Firm is preparing a class action lawsuit on behalf of investors who suffered losses purchasing PCS Edventures securities during the period from March 28, 2007 through August 15, 2007.
You may access the website at http://www.rosenlegal.com to participate in the proposed class action.
If you purchased PCS Edventures securities between March 28, 2007 and August 15, 2007 and would like further information concerning your legal rights or your ability to recover your investment losses, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com or visit the website at www.rosenlegal.com
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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