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 /PRNewswire/ -- 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.
CONTACT: Mr. Mark Harris, VP, Investor Relations of ZiaSun Technologies, San Diego, 858-350-4060, mark@pinmail.com
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