Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : SBET : LAS VEGAS at home -- Ignore unavailable to you. Want to Upgrade?

To: LORD ERNIE who wrote (184)	8/6/1999 4:21:00 PM
From: Hylas	Read Replies (1) \| Respond to of 205

Even more NEWS!!!! IGC Seeks Damages From Total Entertainment And Its OnlineCasino et al. PLYMOUTH MEETING, PA. -- (INTERNET WIRE) -- 08/06/99 -- Interactive Gaming & Communications Corp. (IGC) (OTC Bulletin Board: SBET) announced today that it is proceeding into the damages and financial restitution phase of its May 4, 1999 injunction and lawsuit. On May 4, 1999 a temporary injunction was granted by the Superior Court, District of Montreal (Quebec) Canada, against InterCapital Global Fund Ltd. T/A The Online Casino, InterCapital Canada Ltd., Alex Kennedy, Sandy Masselli, and Steven F. Savage, and subsequently renewed on May 13,1999, for the unauthorized use and possession of IGC's "LiveAction Gaming Platform™ ", source code, corporate documents and other copyright infringements. To date, all of the defendants, as well as Total Entertainment, the parent company of InterCapitol and one Vance Hein (a former Intersphere employee) have delivered to IGC, corporate and individual affidavits. The affidavits acknowledge that the defendants have surrendered, removed and/or destroyed all known copies of IGC's LiveAction gaming platform or other corporate and personal documents that were in their possession without authorization. The affidavits further ensure to IGC that should, through the result of the defendants actions, the unauthorized code or documents or portions thereof be found in the possession of any 3rd parties, the defendants, at their own expense, shall take the necessary actions to protect and retrieve the proprietary assets of IGC. On July 30th, 1999 IGC's Canadian counsel has filed a motion to modify its original complaint seeking damages due to the defendants actions, case no: 500-05-050023-991. IGC has also reported the actions of the defendants to both the FBI and local law enforcement agencies and has turned over records and information for their investigation into possible criminal acts. Michael F Simone, president of IGC said in a statement today that "our gaming software is our company's most valuable asset and has cost us in excess of $2,000,000.00 in research and development. We do not intend to let these products fall into the hands of individuals who wish to capitalize on our technology, hard work, knowledge and success. We further intend to seek full restitution and prosecution under all available civil and copyright laws from individuals attempting to do so." Further information pertaining to the Total Entertainment action may be obtained through the IGC web site or contacting Mr. Marshall in the investor relations department. Contact: Mr. Marshall - Investor Relations, Interactive Gaming & Communications Corp. Voice: 610-941-0305 Ext.21 Fax : 610-941-4752 Email: investorrelations@igccorp.com