ZSUN wins 1st round against Floydie: U.S. DISTRICT COURT GRANTS PRELIMINARY INJUNCTION AGAINST FLOYD SCHNEIDER (A.K.A. FLOYDIE, A.K.A. TRUTHSEEKER) ANNOUNCES ZIASUN Technologies Inc.
SOLANA BEACH, Calif., Jan 25, 2000 /PRNewswire via COMTEX/ -- ZiaSun
Technologies Inc. (OTC Bulletin Board: ZSUN) (www.ziasun.com) today
announced that the Company's motion for Preliminary Injunction against
Floyd Schneider (a.k.a. Flodyie, a.k.a. Truthseeker) was granted on
January 21, 2000, by Judge Marsha Pechman of the U.S. District Court,
Western District of Washington.
In the order granting the Preliminary Injunction, the court indicated
it "is convinced that Schnieder has posted false messages about ZiaSun
on the Silicon Investor message boards; that such communications may be
unprivileged; and that Schneider was negligent in making the postings.
Schneider's electronic postings are also causing damage to ZiaSun."
Furthermore, the Court stated "accordingly this Court will balance Mr.
Schneider's interest in publishing false and defamatory information
about ZiaSun against the potential harm to ZiaSun."
The injunction specifically prohibits Mr. Schneider from posting false
statements about ZiaSun or its officers and employees, including false
allegations that any are criminals or "crims"; false statements
suggesting fraudulent activity or dishonest conduct by ZiaSun or its
officers and employees; false statements about government
investigations into ZiaSun; or implying undisclosed facts about these
matters.
The Preliminary Injunction takes effect upon ZiaSun's posting of a $1,
000 bond, which has now been done, and would be expected to remain in
effect until ZiaSun's pending suit against Mr. Schneider, and others is
tried. ZiaSun's suit alleges defamation and several other claims.
Note: Any statements released by ZiaSun Technologies Inc. that are
forward-looking are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Editors and investors
are cautioned that forward-looking statements invoke risk and
uncertainties that may affect the Company's business prospects and
performances. These include economic, competitive, governmental,
technological and other factors discussed in the statements and in the
Company's filings with the Securities and Exchange Commission.
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SOURCE ZiaSun Technologies Inc.
(C) 2000 PR Newswire. All rights reserved.
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CONTACT: Mr. Mark Harris, VP, Investor Relations of ZiaSun Technologies,
San Diego, 858-350-4060, mark@pinmail.com
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