Here are some news article on HSNS that I found. Back then it had a different ticker symbol, ZZNT.
I wish I had a copy of the George Mannes article from Oct. 1998, but I don't.
====================
Copyright 1998 PR Newswire Association, Inc.
PR Newswire
October 28, 1998, Wednesday
SECTION: Financial News
DISTRIBUTION: TO BUSINESS EDITOR
LENGTH: 176 words
HEADLINE: ZZAP. NET Files Suit Against Financial Reporter and THESTREET.com
For Libel and Defamation
DATELINE: DAYTONA BEACH, Fla., Oct. 28
BODY:
The following was released today by ZZAP. NET, Inc. (OTC Bulletin Board:
ZZNT):
Two recent articles written by George Mannes, a staff reporter for
THESTREET.com, have caused the company to file suit today against both the
reporter and his employer. The defendants have also been sued by two
individuals also allegedly defamed in the articles. The suit was filed at
4:15 p.m. in the Volusia County 7th District Circuit Court of Florida.
Michael Cimino, ZZAP's President, said, "When our request for a retraction
was curtly rejected by THESTREET.com's editors, this was the only avenue for
redress open to us in order to protect our shareholders from further potential
damage."
The suit specifically charges the defendants with Commercial Defamation,
Trade Libel and Tortuous Interference against the company.
Mr. Richdale and Mr. Cimino, both of whom were allegedly defamed by
Mannes, have also joined in the suit filed against both defendants.
SOURCE ZZAP. NET, Inc.
Hall./
CONTACT: Janet Hall, ZZAP. NET, 904-258-8111, ext. 254
LANGUAGE: ENGLISH
=====
October 20, 1998, Tuesday
SECTION: Financial News
DISTRIBUTION: TO BUSINESS EDITOR
LENGTH: 254 words
HEADLINE: ZZAP. NET Reacts Aggressively To Financial Reporter's Statements
DATELINE: DAYTONA BEACH, Fla., Oct. 20
BODY:
The following response was issued today by ZZAP. NET (OTC Bulletin Board:
ZZNT):
George Mannes, a staff reporter for THESTREET.com, a feeder service for
ABC. Com, has recently written two questionably negative articles on the
company.
Michael Cimino, ZZAP's President, said, "When we read the first article,
we just decided to ignore it as an unflattering report from either a novice or
uninformed reporter. After the second article, we decided we could no longer
ignore his repeated use of unsubstantiated, unfounded, one-sided rumors as
'facts'...and his questionable decision to strangely ignore the obvious impact
of the company's recent technological acquisitions on both the industry and
the company's current, previous and potential earnings per share."
The company has recently acquired a substantial stake in Summus
Technologies, Inc., whose wavelet-based products allow it to deliver vastly
superior streaming video than its well-known competitor, RealPlayer.
"The company's streaming video technology is far superior to RealPlayer's
version...which received universal acclaim when its association with NetScape
was announced last week," Cimino said.
"Ours is superior in viewer size, speed and compression...decidedly so!
But he (Mannes) instead chose to totally ignore this breaking news story," he
continued.
The company is demanding an immediate retraction among other possible
remedial procedures.
SOURCE ZZAP. NET Inc.
CONTACT: Mike Pruitt, ZZAP. NET Inc., 904-258-8111, ext. 335
===========
Copyright 1998 PR Newswire Association, Inc.
PR Newswire
October 7, 1998, Wednesday
SECTION: Financial News
DISTRIBUTION: TO BUSINESS AND TECHNOLOGY EDITORS
LENGTH: 651 words
HEADLINE: ZZAP. NET Acquires 18% of Technology Company;
Breakthrough Product Is First To Deliver Video Streaming That Rivals TV
DATELINE: DAYTONA BEACH, Fla., Oct. 7
BODY:
ZZAP. NET (OTC Bulletin Board: ZZNT) has acquired 18% and continues to
negotiate for the balance of shares for privately held, world-renowned
technology company, Summus Technologies, Inc. Recognized as a foremost expert
in the wavelet theory, Summus founder Dr. Bjorn Jawerth is well-known in
government and military circles for developing highly regarded top-secret
military projects.
"Jawerth and his team are recognized for their unparalleled
compression expertise for text, graphics, and video," remarked ZZAP. NET
President Michael Cimino. "The Summus technology can do some amazing things and
fits right into our Company's plans to provide marketing and sales leadership to
cutting-edge businesses, while amassing database resources with lasting returns.
By offering products using video e-mail, videoconferencing and streaming
video, we can leverage the strength of the Internet marketplace with our
experience in other mediums.
"Because of Summus' unique wavelet imaging CODEC, we can send or
download text, video and graphics faster than anyone. With this technology we
can videoconference, v-mail, broadcast, and simulcast with video quality that
for the first time rivals TV."
ZZAP. NET has the exclusive worldwide license to these technologies for
all direct response mediums, and a non-exclusive license to all other areas
of distribution. The Company intends to aggressively license this
technology worldwide to ISPs, media outlets, telecom companies and any website
that provides visual content. "Obviously, the implications of this throughout
the communication realm are enormous," commented Cimino.
"This is not only a communications medium that will change the world,
it's the multi-billion dollar industry everyone has waited for. Before January
1, 1999, the Company will offer video options for e-commerce clients.
Soon thereafter we'll secure re-occurring monthly licensing charges for
videophone usage, including cell phones. Best of all, streaming video will no
longer look like a slide show, rather more like TV," explained Cimino.
At www.Summus.com, anyone can get a free download of 4U2C, a
Summus compression program designed to send graphics and text at unprecedented
speeds with incredible quality. Visitors can also try the beta demo of the
Summus Video Mail, and for a limited time send V-mails for free. Best of all,
anyone with an e-mail account can view the self-contained Summus V-mail without
need of additional software or plug-ins.
The current V-mail product works using regular analog phone lines, requires
only a minimum 28.8 kbps connection, 233 Mhz processor and delivers full audio
and video sync unprecedented with today's video imaging standards. The Company
is making further enhancements to its V-mail product to give full sync audio and
video to those using machines that utilize slower microprocessors and alternate
operating systems. In a matter of weeks, the Company will reveal its streaming
video and videoconferencing products using Summus' unique compression technology
allowing broadcasting and simulcasting on Internet sites.
"We are in the process of assessing the full scope of the immense
positive revenue impact due to the acquisition of the Summus shares and will
release revised revenue and profitability projections in the very near future,"
added Cimino.
The initial acquisition of 18% of the Company was completed in the form
of convertible preferred and stock. The Company's assets now exceed
the financial qualifications for admission to Nasdaq or Amex.
For further information, contact Janet Hall at 904-258-8111, extension 254,
to arrange an interview with Mr. Cimino.
The preceding announcement may contain statements and projections which are
forward-looking in nature. Actual results could materially differ from the
projections.
SOURCE ZZAP. NET
CONTACT: Mike Pruitt, ZZAP. NET, 904-258-8111, ext. 335
LANGUAGE: ENGLISH
==========
Canada NewsWire Ltd., October 29, 1998
HEADLINE: ZZAP. NET and Summus, Ltd. Agree to an Exclusive Marketing
Relationship
DATELINE: Streaming Video, Video E-mail and Video Conferencing to be Among
Initial Products Offered
DAYTONA BEACH, Fla., Oct. 29
BODY:
ZZAP (OTC Bulletin Board: ZZNT),
which had recently acquired an 18% stake in Summus Technologies, Inc., has
signed an agreement with Summus, Ltd. giving ZZAP exclusive marketing rights
to products produced by Summus, Ltd. Summus, Ltd. is the technology resource
for Summus Technologies, Inc. In the agreement, ZZAP will acquire the
remaining 82% stake in Summus Technologies, Inc. and the marketing rights
currently held by Summus Technologies, Inc.
Concerning Summus' wavelet-type technology, Summus, Ltd. President and
Founder, Dr. Bjorn Jawerth stated, "An entirely new outlook on video delivery
and interaction is emerging." He added, "Our technology is breaking into new
territories, currently unreachable by the MPEG and H.263 standards. When it
comes to quality and speed in applications such as video streaming and video
conferencing."
With the acquisition, ZZAP will become the marketing arm for products
developed by Summus, Ltd., creating a collaborative relationship aimed at
delivering quality and innovative products into new and emerging markets.
Michael Cimino, ZZAP's President said, "The rapidly changing technology
market requires a unique combination of market savvy and technical leadership.
The combination of ZZAP's marketing capacity and the possibilities offered by
Summus' technology will create a vast business potential that will continue to
deliver innovative products and services offering a competitive edge to the
company for years to come. The short-range impact should largely be in the
company's ability to immediately boost its current and potential earnings per
share."
The preceding announcement may contain statements and projections which
are forward-looking in nature. Actual results could materially differ from the
projections.
Contact: Michael Cimino, ZZAP. NET, 904-258-8111 ext. 221.
Copyright 1998 PR Newswire Association, Inc.
PR Newswire
October 7, 1998, Wednesday
SECTION: Financial News
DISTRIBUTION: TO BUSINESS AND TECHNOLOGY EDITORS
LENGTH: 651 words
HEADLINE: ZZAP. NET Acquires 18% of Technology Company;
Breakthrough Product Is First To Deliver Video Streaming That Rivals TV
DATELINE: DAYTONA BEACH, Fla., Oct. 7
BODY:
ZZAP. NET (OTC Bulletin Board: ZZNT) has acquired 18% and continues to
negotiate for the balance of shares for privately held, world-renowned
technology company, Summus Technologies, Inc. Recognized as a foremost expert
in the wavelet theory, Summus founder Dr. Bjorn Jawerth is well-known in
government and military circles for developing highly regarded top-secret
military projects.
"Jawerth and his team are recognized for their unparalleled
compression expertise for text, graphics, and video," remarked ZZAP. NET
President Michael Cimino. "The Summus technology can do some amazing things and
fits right into our Company's plans to provide marketing and sales leadership to
cutting-edge businesses, while amassing database resources with lasting returns.
By offering products using video e-mail, videoconferencing and streaming
video, we can leverage the strength of the Internet marketplace with our
experience in other mediums.
"Because of Summus' unique wavelet imaging CODEC, we can send or
download text, video and graphics faster than anyone. With this technology we
can videoconference, v-mail, broadcast, and simulcast with video quality that
for the first time rivals TV."
ZZAP. NET has the exclusive worldwide license to these technologies for
all direct response mediums, and a non-exclusive license to all other areas
of distribution. The Company intends to aggressively license this
technology worldwide to ISPs, media outlets, telecom companies and any website
that provides visual content. "Obviously, the implications of this throughout
the communication realm are enormous," commented Cimino.
"This is not only a communications medium that will change the world,
it's the multi-billion dollar industry everyone has waited for. Before January
1, 1999, the Company will offer video options for e-commerce clients.
Soon thereafter we'll secure re-occurring monthly licensing charges for
videophone usage, including cell phones. Best of all, streaming video will no
longer look like a slide show, rather more like TV," explained Cimino.
At www.Summus.com, anyone can get a free download of 4U2C, a
Summus compression program designed to send graphics and text at unprecedented
speeds with incredible quality. Visitors can also try the beta demo of the
Summus Video Mail, and for a limited time send V-mails for free. Best of all,
anyone with an e-mail account can view the self-contained Summus V-mail without
need of additional software or plug-ins.
The current V-mail product works using regular analog phone lines, requires
only a minimum 28.8 kbps connection, 233 Mhz processor and delivers full audio
and video sync unprecedented with today's video imaging standards. The Company
is making further enhancements to its V-mail product to give full sync audio and
video to those using machines that utilize slower microprocessors and alternate
operating systems. In a matter of weeks, the Company will reveal its streaming
video and videoconferencing products using Summus' unique compression technology
allowing broadcasting and simulcasting on Internet sites.
"We are in the process of assessing the full scope of the immense
positive revenue impact due to the acquisition of the Summus shares and will
release revised revenue and profitability projections in the very near future,"
added Cimino.
The initial acquisition of 18% of the Company was completed in the form
of convertible preferred and stock. The Company's assets now exceed
the financial qualifications for admission to Nasdaq or Amex.
For further information, contact Janet Hall at 904-258-8111, extension 254,
to arrange an interview with Mr. Cimino.
The preceding announcement may contain statements and projections which are
forward-looking in nature. Actual results could materially differ from the
projections.
SOURCE ZZAP. NET
CONTACT: Mike Pruitt, ZZAP. NET, 904-258-8111, ext. 335
LANGUAGE: ENGLISH
LOAD-DATE: October 8, 1998 |
