Michael, as an investor I am very concerned by this release (below)
These are very serious allegations. Please assure potential TVCP shareholders that your connection with this law suit will have no adverse effects on TVCP. My concern is that as our chairman you may be distracted by these actions.
Further regarding the statement "Michael Zwebner...breached a settlement agreement entered into between DCI Telecommunications, Inc. and Zwebner on or about May 1, 1998, and that various statements made by Zwebner about DCI and Murphy over a course of months, continuing to the present time, are defamatory and part of a malicious campaign to harm both DCI and Murphy." Is this true? Is there a signed settlement agreement? And if so did you breach it? If so, why? If not, what will your do to refute the charges? Is this going to distract you from your duties here at TVCI?
Why did you allow yourself to become embroiled in this action when your 1st duty is to TVCI shareholders? What will you be doing to assure TVCI shareholders that you will extricate yourself from this situation and devote your undivided interest to TVCI shareholder interests?
Just looking for some reassurance here. Go Go TVCI!!!!
biz.yahoo.com
Thursday May 13, 6:36 pm Eastern Time
Company Press Release
SOURCE: DCI Telecommunications, Inc.
DCI Files Claims Seeking $45 Million in Lawsuit Against Michael Zwebner & Overseas Communications Ltd. for Breach of Contract
STRATFORD, Conn., May 13 DCI Telecommunications, Inc., (OTC-BB: DCTC) today announced that the company and Joseph J. Murphy, its President & CEO, have filed claims seeking $45 million in compensatory damages plus punitive damages against Michael Zwebner and Overseas Communications Limited in the United States District Court for the District of Connecticut.
The lawsuit alleges that Michael Zwebner (Zwebner) and Overseas Communications Limited breached a settlement agreement entered into between DCI Telecommunications, Inc. and Zwebner on or about May 1, 1998, and that various statements made by Zwebner about DCI and Murphy over a course of months, continuing to the present time, are defamatory and part of a malicious campaign to harm both DCI and Murphy.
Michael Zwebner is an individual citizen of the United Kingdom and Overseas Communications Limited is a British Virgin Islands corporation of which the defendant, Zwebner, is the managing director and on information and belief, the controlling shareholder.
The company is represented by Whitman Breed Abbott & Morgan in the Connecticut action. Firms representing DCI in other states include Los Angeles-based Parker, Milliken, Clark, O'Hara & Samuelian; Walther, Key, Margin, Oats, Cox and LeGay, in Nevada and Alfano & Baroff based in New Hampshire.
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