Even more NEWS!!!!
IGC Seeks Damages From Total Entertainment And Its
OnlineCasino et al.
PLYMOUTH MEETING, PA. -- (INTERNET WIRE) -- 08/06/99 -- Interactive Gaming &
Communications Corp. (IGC) (OTC Bulletin Board: SBET) announced today that it is
proceeding into the damages and financial restitution phase of its May 4, 1999
injunction and lawsuit.
On May 4, 1999 a temporary injunction was granted by the Superior Court, District of
Montreal (Quebec) Canada, against InterCapital Global Fund Ltd. T/A The Online
Casino, InterCapital Canada Ltd., Alex Kennedy, Sandy Masselli, and Steven F.
Savage, and subsequently renewed on May 13,1999, for the unauthorized use and
possession of IGC's "LiveAction Gaming Platform™ ", source code, corporate
documents and other copyright infringements.
To date, all of the defendants, as well as Total Entertainment, the parent company of
InterCapitol and one Vance Hein (a former Intersphere employee) have delivered to
IGC, corporate and individual affidavits. The affidavits acknowledge that the defendants
have surrendered, removed and/or destroyed all known copies of IGC's LiveAction
gaming platform or other corporate and personal documents that were in their
possession without authorization.
The affidavits further ensure to IGC that should, through the result of the defendants
actions, the unauthorized code or documents or portions thereof be found in the
possession of any 3rd parties, the defendants, at their own expense, shall take the
necessary actions to protect and retrieve the proprietary assets of IGC.
On July 30th, 1999 IGC's Canadian counsel has filed a motion to modify its original
complaint seeking damages due to the defendants actions, case no:
500-05-050023-991. IGC has also reported the actions of the defendants to both the
FBI and local law enforcement agencies and has turned over records and information
for their investigation into possible criminal acts.
Michael F Simone, president of IGC said in a statement today that "our gaming
software is our company's most valuable asset and has cost us in excess of
$2,000,000.00 in research and development. We do not intend to let these products
fall into the hands of individuals who wish to capitalize on our technology, hard work,
knowledge and success. We further intend to seek full restitution and prosecution
under all available civil and copyright laws from individuals attempting to do so."
Further information pertaining to the Total Entertainment action may be obtained
through the IGC web site or contacting Mr. Marshall in the investor relations
department.
Contact: Mr. Marshall - Investor Relations, Interactive Gaming
& Communications Corp.
Voice: 610-941-0305 Ext.21
Fax : 610-941-4752
Email: investorrelations@igccorp.com |
