Re: 7/13/00 - [TVCP] Talk Visual Chairman Wins $1 Million Judgment Against Libelous Internet Poster
July 13, 2000 14:14
Talk Visual Chairman Wins $1 Million Judgment Against Libelous Internet Poster
MIAMI--(BUSINESS WIRE)--July 13, 2000--(OTC-BB: TVCP). Talk Visual Corporation Chairman Michael J. Zwebner announced today that the lawsuit(Federal District Court for the District of New Hampshire, Civil Action No. 98-CV-682-M) brought in New Hampshire against a number of defendants, including a certain Gary Dobry (alias Pugs, & Spider Valdez) and David Shepard (alias Rico Staris) has been settled. As part of the settlement, it has been agreed that the following public statement be officially made:
THIS ANNOUNCEMENT APPEARS AS A MATTER OF RECORD.
IN THE PERIOD OF SEPTEMBER THROUGH DECEMBER 1998, I GARY DOBRY USING THE ALIASES "PUGS" and "SPIDER VALDEZ" POSTED ON SILICON INVESTOR CHAT LINES, AND CREATED A NEW CHAT LINE WHICH I CALLED "NO BASH FOR LEGACY." I MADE ACCUSATIONS AGAINST MICHAEL ZWEBNER INCLUDING FALSE AND DEFAMATORY STATEMENTS IN RELATION TO HIS ASSOCIATION WITH DCI AND HIS ALLEGED "SHORTING OF DCI STOCK AND HIS BANKRUPTCY".
I WISH NOW TO MAKE THE FOLLOWING STATEMENT.
I NOW TOTALLY AND ABSOLUTELY APOLOGIZE TO MICHAEL ZWEBNER AND HIS FAMILY FOR ALL THE PAIN AND SUFFERING AND PUBLIC HUMILIATION I CAUSED HIM. I FURTHER STATE THAT I WAS WHOLLY MISLED BY THIRD PARTIES IN THE DISSEMINATION OF THIS FALSE INFORMATION, AND I CAME TO UNDERSTAND THAT THE PROMOTERS AND DIRECTORS OF DCI FALSELY CLAIMED THAT THE CONTINUING FALL IN THE DCI STOCK PRICE WAS A RESULT OF MICHAEL ZWEBNER'S SUPPOSED SHORT SELLING. TO MY EMBARRASSMENT I LATER LEARNED THAT WAS UNTRUE.
I FURTHER INFORM YOU ALL THAT THE LAWSUIT FILED BY MR. ZWEBNER AGAINST ME HAS BEEN SETTLED. I, GARY DOBRY HAVE CONSENTED TO A SETTLEMENT JUDGMENT BEING ENTERED AGAINST ME FOR THE AMOUNT OF ONE MILLION DOLLARS IN FAVOR OF MICHAEL ZWEBNER. MR. ZWEBNER HAS AGREED NOT TO ENFORCE THE JUDGMENT FOR SO LONG AS I DO NOT ATTACK HIM OR HIS BUSINESSES FURTHER. WE HAVE ALSO AGREED TO SIGN A MUTUAL RELEASE. I REGRET HAVING BEEN INVOLVED IN THIS EPISODE. GARY DOBRY
Michael Zwebner, in a statement made today, said, "This case was a libel case against me and against Legacy Software, Inc., now known as Talk Visual Corporation. I am pleased that this litigation is over. I feel vindicated in as much that these posters have come clean and have admitted their false and libelous actions. My family, and my business associates, as well as myself are relieved that all these false, malicious and libelous statements have been exposed for what they are, namely, FALSE, MALICIOUS AND LIBELOUS. The closure of this case, as well as the action taken by the Securities and Exchange Commission against DCI, Joseph Murphy, and others, is a very clear, loud and emphatic statement. It confirms to the public at large the real true facts, the truth, as I have always claimed it to be."
ABOUT TALK VISUAL CORPORATION
Talk Visual Corporation (OTC-BB: TVCP) is a pioneer in the video teleconferencing industry. It is developing global retail facilities to accommodate the growing video-communications needs of two key market segments: businesses and expatriate ethnic populations. Talk Visual can be reached toll-free at 1-877-22VIDEO within the United States, or at 305 572-0575 from abroad.
CONSUMER LONG DISTANCE SERVICE is now available through Talk Visual at the Company's new website for quality, low-cost long distance services at talkvisual-ld.com.
Talk Visual sells pagers at www.beeperforabuck.com. Information on the new Talk Visual TV225 Video-Telephone can be seen on www.thevideotelephone.com. In addition, visitors are directed to visit the company's home page at www.talkvisual.com and click on the FAQ section, and or to read the Chairman's Corner latest weekly message.
A list of Talk Visual's videocalling shops is at www.talkvisual.com. The site allows visitors to order the 4th edition of the company's impressive full-color newspaper.
Statements in this release which are not historical including statements regarding Talk Visual's or management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform of 1995, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. It is important to note that the Company's actual results could differ materially from those in any such forward-looking statements and include any of the risk factors listed from time to time in the Company's SEC reports, including but not limited to, the annual report on form 10-KSB for the year ended December 31, 1999, and the quarterly report on Form 10-QSB for the quarter ended March 31, 2000. This release does not constitute an offer to sell securities.
CONTACT: Talk Visual Corporation
Janeth Iglesias-Vega, 305/572-0575
Info@TalkVisual.com
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