Joe I know that and I can post the counter suit
Wednesday March 11, 3:21 pm Eastern Time
Company Press Release
SOURCE: MediaConcepts, Inc.
MediaConcepts, Inc Announces Litigation
PALM SPRINGS, Calif., March 10 /PRNewswire/ -- MediaConcepts, Inc (OTC Bulletin Board: MDCE - news) announced today that it has retained the services of John Rankin, Attorney at Law, to handle a litigation against John Anderson, Donna Anderson, Blue Sage Entertainment, Definitions Ltd, Charles Keifner (President - CEO Definitions, Ltd, and officer with World Vision), World Vision Financial (World Vision), and Michael Dooley of World Vision.
David Garcia, Chief Executive Officer, states ''this suit has been pending since the termination of the Andersons. MediaConcepts, Inc is involved in a litigation with the former officers Paul Andre, et al, and could not pursue the claim against the Andersons et al, until the Andersons acted in filing their recent action against MediaConcepts, Inc. In the Anderson filing crucial evidence was confirmed, under the penalty of perjury, that MediaConcepts, Inc had to obtain prior to filing this action. This allows MediaConcepts, Inc to utilize substantial evidence on the Andersons from selling 200,000 free trading shares without notifying the SEC as an officer/director, to diverting funds from investors for direct stock purchases through their Schwab account, depriving MediaConcepts, Inc of critical working capital. The Andersons have acknowledged their respective employment contracts, of which Charles Keifner was aware, due to his being paid 100,000 of MediaConcepts, Inc stock to represent MediaConcepts, Inc. through his firm, World Vision Financial, and subsequent disclosure of the Andersons actions as a fiduciary of MediaConcepts, Inc. The activation of Blue Sage Entertainment is a direct violation of a non-compete clause in the Andersons' employment contract, and doing business with contacts made during the MediaConcepts, Inc employment, which was known by Keifner, has caused damage to MDCE. Keifner's intimate knowledge of MDCE and the Anderson situation violates the fiduciary obligation Keifner had to MDCE and its shareholders. We are investigating accusations that World Vision may have been instrumental in using the internet to discredit MediaConcepts, Inc. to shareholders and potential shareholders. We will take appropriate action if this is found to be true.''
The response and action by MediaConcepts, Inc should be filed by the end of next week and the company will promptly serve all parties, leaving room for additional defendants as necessary. John Rankin, Attorney at Law is located in Tiburon, CA.
MediaConcepts is a diversified company, currently in film and entertainment, and cosmetics, expanding in its effort to increase assets, and earnings per share to build shareholder value.
SOURCE: MediaConcepts, Inc. |
