Universal Communication Systems, Inc. and Chairman Michael J. Zwebner File a Class Action Lawsuit for $300 Million Against Lycos Inc., Terra Lycos Inc., d/b/a The Lycos Network
Friday July 9, 1:36 pm ET
MIAMI FL--(MARKET WIRE)--Jul 9, 2004 -- Universal Communication Systems Inc. (Other OTC:UCSY.PK - News) company chairman Michael J. Zwebner today announced that the company and himself individually have filed a Class Action Lawsuit against Lycos Inc., Terra Lycos Inc., d/b/a The Lycos Network.
The nature of the class action case alleges Consumer Fraud, CyberStalking and Dilution of the company's UCSY trademark. The plaintiffs are seeking $300 million in compensatory damages.
The case (#04-21618) was filed on July 2nd, 2004, in the United States District Court for the Southern District of Florida.
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Safe Harbor Statement
Caution Concerning Forward-Looking Statements by Universal Communication Systems, Inc.
This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and factors affecting the integration of the businesses of Universal Communication Systems, Inc. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact:
Contact:
Universal Communication Systems, Inc., Miami Beach
Rolando Sablon
(305) 672-6344
Company web address: ucsy.com
For further information email us at: info@ucsy.com
Source: Universal Communication Systems, Inc.
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