ZSUN, July 2nd, ZiaSun Files Second Defamation Lawsuit...
SAN DIEGO - July 2, 1999 - ZiaSun Technologies Inc (OTC BB: ZSUN.OB; www.ziasun.com) announced today that the company has filed a lawsuit against eight individuals, alleging that their postings on the Internet bulletin board, Silicon Investor, contained defamatory statements intended to manipulate the company's share price.
ZiaSun filed the case in the United States District Court for the Western District of Washington. Silicon Investor, operated by Go2Net, is not named as a defendant.
Although similar in nature, the lawsuit is unrelated to that recently filed by ZiaSun in Florida against Financialweb.com. Both suits are part of the company's ongoing policy not to tolerate the dissemination of defamatory information on the Internet regarding the company, its officers, directors or shareholders.
For more information please contact Investor Relations at (800) 773-7317.
"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.
Contacts:
In North America contact our Investor Relations Department at:
1-800-773-7317
At ZiaSun Asia-Pacific Headquarters in Hong Kong, contact:
+ (852) 2865-0946
rk@pinmail.com
SOURCE:
ZiaSun Technologies, Inc.
NASD OTC BB: ZSUN.OB
www.ziasun.com
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