Hitsgalore.com Takes a Stand Against "Cybersmear" Defamation Campaign
Business Wire - May 27, 1999 14:10
RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--May 27, 1999--Steve Bradford, CEO of Hitsgalore.com, Inc. (OTC BB:HITT) today announced that the Company plans to file a lawsuit in federal court against anonymous posters on the Internet using aliases and pseudonyms to camouflage their true identities in a nationwide campaign to destroy the reputation and undermine the business affairs of the Company by posting false, defamatory, and malicious messages on the Raging Bull and Silicon Investor Message Boards about the Company and certain current and former officers and directors.
Steve Bradford, CEO of the Company, believes that the posters may have embarked on this negative Cybersmear campaign in an apparent attempt to drive the price of the Company's common stock down and to otherwise destroy the Company's business. Bradford said, "The Company has an obligation to its customers, shareholders and the public in general to take appropriate action to curb malicious activity, expose the posters who are hiding under the shroud of anonymity, and hold them fully accountable for their actions.
To assist the Company in prosecuting this matter, the Company has retained Carl F. Schoeppl, Esq., of Schoeppl & Burke, P.A., a former senior federal prosecutor with the United States Securities and Exchange Commission, to investigate and pursue a federal action on behalf of the Company against all responsible parties.
If you have any information which you believe would be helpful to the Company in prosecuting this matter, please contact Schoeppl & Burke, P.A., 4800 North Federal Highway, Suite 210-A, Boca Raton, Florida 33431-5176, Telephone: 561/394-8301, Facsimile: 561/393-6541, and e-mail: Schoeppl@aol.com.
Hitsgalore.com operates a search engine at hitsgalore.com. Hitsgalore.com gives away free lifetime banner placements and generates sales from its sponsorships, Keyword Bid & Rank program and Local City Editions featuring local content. Hitsgalore.com strives to provide porn-free searching and does not accept or encourage any porn or adult-content listings on its site. The company believes this compares favorably with other Internet portals and search engine companies such as Lycos, Inc. (Nasdaq:LCOS), Excite, Inc. (Nasdaq:XCIT), Infoseek Corporation (Nasdaq:SEEK) and Yahoo! Inc. (Nasdaq:YHOO).
CONTACT: Hitsgalore.com, Inc., Rancho Cucamonga
Danny Gavin, Investor Relations
800-300-5388
investor@hitsgalore.com
go2net.newsalert.com
- Jeff
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