Re: 3/2/00 - Quest Net Granted Permanent Injunction Against Cybersmear
Quest Net Granted Permanent Injunction Against Cybersmear
MIAMI--(BUSINESS WIRE)--March 2, 2000--Quest Net Corp., (OTCBB: QNET)(OTCBB: QNETE), announced today that the company has filed a lawsuit in Dade County Circuit Court against five individuals they alleged were smearing the image of the company on the Raging Bull Bulletin Board.
Also, the court today entered an injunction against one of the defendants, David Engel a/k/a bcohen, restraining him from any further conduct which may be construed as an intentional interference with any contractual/business relationships with its employees, suppliers, customers, shareholders and/or investors.
Quest Net Corp. alleges in the lawsuit that five individuals using the alias names bcohen, jollyr, ADVISORY, Cats3 and gman007, posted false and defamatory statements about the company and its Chairman, Camilo Pereira, on an Internet bulletin board, the Raging Bull.
Pereira claims these statements constituted an intentional interference with the company and Mr. Pereira's business relationships. The company alleged the defendants are short sellers and engaged in cybersmear to depress the price of the company's stock for their personal benefit.
This suit is representative of the company's policy not to tolerate the dissemination of any false or defamatory information on the Internet regarding the company, its officers, directors or shareholders.
Based in Miami, Quest Net Corp. is a provider of secure, full-service global Internet and Intranet broadband digital networking solutions for businesses and individuals. Quest Net is one of the largest regional Internet Service Providers (ISP) of bandwidth. It also offers dedicated high speed Internet access, metropolitan and wide area network data transport services, including virtual private networks to several commercial clients and other ISP's and Wireless Internet Connections at speeds of up to 3Mbps, and a distance of up to 20 miles on a 2.4 Ghz and 5.8 Spectrum. Quest Net offers one of the fastest and cleanest routing systems for the transfer and delivery of voice, video, and data streams at speeds ranging from 64Kps to speeds of up to 45 Mbps.
The statements which are not historical facts contained in this press release are forward looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filing with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Quest Net Corp., Miami
Paul Zeller, 305/935-1080, Fax: 305/935-1031
E-mail: info@ipquest.com
siliconinvestor.com |
