MIAMI, May 8, 2000 (BUSINESS WIRE) -- Quest Net Corp. (OTCBB:QNET) Charles
Wainer, Quest Net's President continues to prosecute the lawsuit filed in Dade
County Circuit Court against Defendants defaming the Company over the internet
on the Raging Bull Bulletin Board.
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.
According to Mr. Wainer, the Court has entered in Injunction against another one
of the Defendant's using the name jollyr. Quest Net Corp. discovered that jollyr
was Frank Madison. Mr. Madison 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.
Madison 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.
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 Pembroke Park, Florida, Quest Net Corp. is a provider of complete
communication services, including local dial tone, long distance services,
Internet and Intranet broadband networking for commercial and residential
customers. Quest Net is one of the largest regional wireless Internet
communication providers, with connection speeds of up to 24Mb over a distance of
over 40 miles. Additionally Quest Net provides local Internet dial-up and
nation-wide roaming, web hosting, secure servers, e-commerce solutions, and
collocation.
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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