FSRI Denies Filing for Bankruptcy Protection

SACRAMENTO - The FSRI (Faking Smart! Research Institute), in press release today, denies that it has filed for bankruptcy protection under federal law. Chief Spokesperson and VP of Media Relations, Ella Foster, confirms the statement.

"We want to reassure all of our investors, both domestically and internationally, that the financials of the FSRI are sound and that the rumors of this bankruptcy filing is unfounded," says Foster. "What we are focusing on now is recruiting for our FSIHL class of March, 2010. That's our focus and that's what we want people to be thinking about."

The FSRI has recently been dogged by claims that its subsidiary Alaskan herring fisheries, FSRI - Pickled Products Inc., has been hemorrhaging cash, and that its national franchise of cat training schools, Tabby Tamers Co., has seen many of its facilities close.

"We're struggling in this economy like everyone else," claims Foster. "You have to adapt and adjust. That's what we do at the FSRI. It's part of our mission statement."

An FSRI annual statement is due out in May, 2010.