Quest Net Granted Injunction In Cybersmear Lawsuit
MIAMI--(BUSINESS WIRE)--March 23, 2000--Charles Wainer, Quest Net's (OTCBB:QNETE -
news) new President continues to prosecute the lawsuit filed in Dade County Circuit Court
against Defendants smearing the image of the Company over the internet on the Raging Bull
Bulletin Board.
According to Mr. Wainer, the Court entered an Injunction today against one of the Defendants
using the name Cats3. Quest Net Corp. discovered that Cats3 was Jerome Rosen, a senior
trader with J. Alexander Securities, one of the market makers of Quest Net Corp. common
stock. Mr. Rosen has been enjoined from publishing any false and defamatory statements
concerning the Company and its current and former officers, directors, and employees in any
manner whatsoever. Further, Mr. Rosen has been enjoined and restrained from interfering with
any contractual/business relationships between Quest Net and its employees, customers,
suppliers, consultants, shareholders and/or investors.
On February 17, 2000, Quest Net Corp. filed the lawsuit against a number of anonymous
posters on the Raging Bull Bulletin Board using names such as jollyr, ADVISORY, Cats3 and
gman007. Quest Net alleged that the posters placed false and defamatory statements about
the Company and its former Chairman, Camilo Pereira on the internet bulletin board to drive
down the Company's stock price and interfere with the Company's business.
The continued prosecution of this lawsuit is reflective of the Company's determination not to
tolerate the dissemination of any false or defamatory information on the internet and bring this
abuse to an end for the Company, its officers, directors, and employees.
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.
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Contact:
Quest Net Corp., Miami, FL
Charles Wainer, 305/935-1080
Fax: 305/935-1031
Email: investors@questnetcorp.com
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