Freespace Media Clarifies Position With Ives Health
RENO, NV, Mar 13, 2001 (INTERNET WIRE via COMTEX) -- In an official statement
made by the Company, Freespace Media attempted to clarify its working
relationship with Ives Health (OTCBB: IVEH).
"It upsets us greatly that we feel the need to do this, but it seems that there
have been so many misconceptions and inventions propagated by certain members of
the public and the media lately that we are forced to publish a statement", said
a spokesperson for the Freespace Media.
Freespace Media was hired by Ives Health Company on January 2, 2001 to develop a
new corporate identity, new media kit, and an E-Commerce website for the Ives
Health Company. The total cost to construct and support these efforts was
estimated at $150,000. Because Ives Health Company was unable to pay for the
services in cash and because Ives stated that distributing product would be the
only way to make money, it was agreed that a Managing Member of Freespace Media
would accept free-trading stock for the value of the contract. Ives protected
its investors by having Freespace write a note against the stock and the shares
were distributed to Freespace in stages as necessary milestones were reached.
Freespace Media is not an investor or public relations firm for Ives Health
Company or any of its clients.
In response to recent questions regarding the name of a Freespace employee
appearing as the Investor Relations contact for a press release issued on
January 25th, 2001, the spokesperson said, "The confusion over Wayne
Schumacher's involvement with Ives Health Company has drawn attention from the
media recently. This confusion was caused by a miscommunication within Ives
Health Company. The way it has been explained to us by Ives is that they
submitted the press release to a national newswire with their Investor Relations
name and phone number. The newswire apparently called Ives and asked for a
contact name for the press release. Knowing only that the press release was
about a new partner, the individual at Ives incorrectly assumed that Freespace
Media was the subject of the release and Wayne Schumacher, the salesperson on
the account, was the contact. It was an unfortunate yet forgivable error on Ives
part and because of the clarity of our dealings with Ives we never assumed that
much would come of it."
The spokesperson continued, "Despite accounts by the media, Mr. Schumacher has
been employed by Freespace Media since November 21, 2000 and is not directly
employed by Ives Health Company in any capacity to the best of our knowledge.
The management of Freespace Media had no previous relationship with Mr.
Schumacher but had heard of his story and wanted to help him enter a new career.
Freespace Media hired him for our Chicago office based on his sales experience
and his job is to sell website development services to clients and maintain
those client relationships. Because we do not have enough information at this
time, Mr. Schumacher has been suspended pending an internal investigation into
whether or not he was involved in any stock promotion. At this time, the Company
feels that allegations leveled at Mr. Schumacher by certain members of the press
are wholly unfounded and we will seek damages from the offending individuals
should we find that their malicious intent outweighed their fiduciary
responsibility to the public."
Freespace Media does not plan to make further information available to the
public and asks that all questions regarding Ives Health be directed to Ives'
representatives. Freespace Media also has no further plans to announce publicly
its intent to file lawsuits against any media organization or its
representatives should such action be taken.
This news release includes "forward-looking statements" that include risk and
uncertainties. The forward-looking statements in this release are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Actual results may differ materially due to a variety of factors,
including without limitation the Company's ability to produce and market
products and/or services and other risks detailed from time to time in their
Company's reports filed with the Securities Exchange Commission. Please consult
with your physician prior to starting a weight loss program.
CONTACT: Robert Pierce
Freespace Media
866-422-6918 |
