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Wednesday August 11, 7:00 am Eastern Time
Company Press Release
SOURCE: IP Equity, Inc.
IP Equity, Inc. Files Suit Against Allou Health Care & Beauty,
Inc.
SAN DIEGO, Aug. 11 /PRNewswire/ -- IP Equity, Inc., www.ipequity.com, a leading Internet investment and marketing firm, today
announced that it has filed a suit against Allou Health Care & Beauty, Inc. (Amex: ALU - news).
IP Equity filed suit against Allou during the week of August 2nd, 1999 and in the county of San Diego, California alleging that the company
had breached its agreement with IP Equity by failing to deliver mandatory payments to IP Equity.
These payments were based on Allou's agreement with IP Equity for IP Equity to provide Investor Relations services for Allou. The suit
seeks to recover the unpaid fees owed to IP Equity.
IP Equity also terminated its agreement with Allou on June 30, 1999 and stated that IP Equity would no longer provide corporate
communications, marketing and investor communications services for Allou Health Care & Beauty, Inc. or publish news or commentary
regarding Allou Health Care & Beauty in its online publication, Internet Stock News (http://www.internetstocknews.com) which is currently
read by over 100,000 Internet investors worldwide.
About IP Equity, Inc.
IP Equity, Inc. (http://www.ipequity.com) is a leading Internet investment and marketing firm. Based out of San Diego, California, the
company's clients include Starnet Communications International, Inc., billserv.com, Inc., Circle Group Internet, Inc., FirstEcom.com, Inc.,
Internet Ventures, Inc., mPhase Technologies, Inc. and Information-Highway.com, Inc. Through its Internet Stock News publication,
internetstocknews.com, the company publishes news about selected investments including CMGI, Inc., DoubleClick, Inc.,
Excite@Home, Inc. for over 100,000 Internet investors worldwide.
SOURCE: IP Equity, Inc.
More Quotes and News:
Allou Health and Beauty Care Inc (AMEX:ALU - news)
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