Press Release
eVision USA.Com, Inc. Wins Halperin et al. v. eVision et al. Lawsuit
DENVER--(BUSINESS WIRE)--March 20, 2001--eVision USA.Com, Inc. (eVision or the Company)(www.evisionusa.com; OTCBB:EVIS - news) is pleased to announce that all claims in the Halperin et al. v. eVision et al. lawsuit were dismissed by the United States District Court for the Southern District of New York (Case No. 00 CIV. 6769 as described in the eVision Form 8-K reported on September 8, 2000).
In their complaint, the plaintiffs stated that the action was a class action brought by them on behalf of purchasers of securities of eBanker and eVision, through American Fronteer and other securities firms, between April 1998 and August 2000 and that compensatory damages, amongst other things, be awarded against the defendants in an amount of not less than $70,000,000 plus interest.
The defendants reviewed the numerous allegations contained in the complaint, believed the allegations were without merit and moved to dismiss the complaint on various grounds. The motion to dismiss was granted.
eVision has not determined what further steps, if any, it will take towards the former plaintiffs.
eVision is an integrated online solutions provider with consolidated subsidiaries and significant equity investments operating within four distinct divisions: eFinance, eServices, eCommunications and eMedical.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.
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Contact:
eVision USA.Com, Inc., Denver
Investor Relations Department, 303/860-6388
www.evisionusa.com |
