SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Investing In Cemtrex, Inc. To Contact The Firm

NEW YORK, April 5, 2017

The lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all those who purchased Cemtrex securities between February 11 2016, and February 22, 2017 (the "Class Period").  The case, Cullinan v. Cemtrex, Inc. et al, No. 2:17-cv-01067 was filed on February 24, 2017, and has been assigned to Judge Joan Marie Azrack.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Source Capital was at risk of having its registrations terminated for wrongdoing; (2) Cemtrex was utilizing paid stock promoters to inflate its stock price; (3) that Aron Govil, a director of the Company, was secretly paying stock promoters; (4) Company insiders engaged in insider selling; (5) the Company's purported audit firm claimed to operate at a location that was vacant; (6) the controlling partner behind the Company's auditor was banned by the Securities and Exchange Commission ("SEC"), among others, for conducting fraudulent audits or reviews; (7) the Company's auditor was signing off on the Company's financial disclosures without conducting a proper review; and (8) as a result, Cemtrex's statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

Specifically, on February 17, 2017, the status of Source Capital's FINRA and SEC registrations were listed as "Termination Requested."  On this news, Cemtrex's share price fell from $5.77 on February 17, 2017 to a closing price of $5.12 on February 21, 2017—a $0.65 or a 11.27% drop.

Then, on February 22, 2017, an article was published on SeekingAlpha entitled "Cemtrex: Documents And Photos, All Signs Point To Deception And Failure." On this news, Cemtrex's share price fell from $5.12 on February 21, 2017 to a closing price of $3.40 on February 22, 2017—a $1.72 or a 33.59% drop.

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