ZiaSun Files Lawsuit Against FinancialWeb.com
PR Newswire - June 16, 1999 05:06
SAN DIEGO, June 16 /PRNewswire/ -- ZiaSun Technologies Inc. (OTC Bulletin Board: ZSUN; www.ziasun.com) announced today that it filed a lawsuit in Florida against FinancialWeb.com alleging defamation. The suit also names Lynn Duke, the author of an article published by FinancialWeb.com on its internet site, stockdetective.com.
This litigation was initiated after FinancialWeb.com made no response to ZiaSun's efforts to obtain a retraction, clarification, or even posting a rebuttal to the article "Sunburn." In ZiaSun's opinion, the article's inaccuracies painted a very negative and inaccurate picture of ZiaSun. FinancialWeb.com's unwillingness to respond in any way made resort to the courts necessary.
ZiaSun wishes to send a clear message that dissemination of defamatory misinformation regarding the company, its offices, or directors, will not be tolerated. You may contact the company if you wish the full text of the rebuttal that was offered to FinancialWeb.com to which they did not respond.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this news release that may be considered forward-looking statements could be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. These include uncertainties in the market, competition, legal, success of marketing efforts and other risks detailed from time to time in the company's SEC reports. The company assumes no obligation to update the information in this release.
For more information please contact Investor Relations at (800) 773-7317.
SOURCE ZiaSun Technologies Inc.
/CONTACT: Investor Relations of ZiaSun Technologies, 800-773-7317/
/Web site: ziasun.com
(ZSUN)
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