******PUBLIC INFORMATION**********
***********NOT A TOP SECRET**********
*****LAWSUIT BNEZ AGAIST AMERICAN ON LINE*******
===================================================================== NEWSWIRE) Ben Ezra, Weinstein and Company, Inc. Obtains Limited Discov
Ben Ezra, Weinstein and Company, Inc. Obtains Limited Discovery In Its
Litigation with America Online
ALBUQUERQUE, N.M., Nov. 2 /PRNewswire/ -- Ben Ezra, Weinstein and Company,
Inc. (OTC Bulletin Board: BNEZ) today announced that a federal judge presiding
over its litigation with America Online ruled on two important motions. The
court postponed AOL's motion for summary judgement, and granted Ben Ezra,
Weinstein limited discovery regarding erroneous stock price and volume
information that appeared on AOL in March 1997.
"We receive numerous requests for information on the status of the case
every day from shareholders," said Jack Ben Ezra, CEO and President, "and this
is the simplest way of advising them of information that is in the public
domain anyway."
"We remind current and potential shareholders that we are in the software
business, not the business of litigating with AOL," said Chief Operating
Officer Michael Weinstein. "No one should view this event as anything other
than a step, albeit a significant step, in a very long and complicated
journey," he added.
Ben Ezra stated that depositions of AOL personnel and consultants will be
scheduled for completion within the next 90 days, as ordered by the court,
after consultation with counsel.
The Private Securities Reform Act of 1995 provides a "safe harbor" for
forward-looking statements. Certain information included in this press
release (as well as information in oral statements or other written statements
made to or by Ben Ezra, Weinstein and Company, Inc.) contains statements that
are forward-looking, such as statements relating to the future anticipated
direction of the software industry, plans for future expansion, various
business development activities, planned capital expenditures, future funding
sources, anticipated sales growth, and potential contracts.
Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the
future, and accordingly, such results may differ from those expressed in any
forward-looking made on or in behalf of Ben Ezra, Weinstein and Company, Inc.
Those risks and uncertainties include, but are not limited to, those
relating to development and expansion activities, dependence on existing
management, financing activities, domestic and global economic conditions,
changes in federal and state laws, and market competition factors.
SOURCE Ben Ezra, Weinstein and Company, Inc.
-0- 11/02/98
/CONTACT: Jack Ben Ezra, Chief Executive Officer or Michael Weinstein,
Chief Operating Officer, both of Ben Ezra, Weinstein and Company, Inc.,
505-880-9799/
/Web site: benez.com
(BNEZ AOL)
CO: Ben Ezra, Weinstein and Company, Inc.; America Online
ST: New Mexico
IN: CPR MLM FIN
SU: LAW
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