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Microcap & Penny Stocks : Quest Net Corp. (OTCBB: QNET) -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (198)	5/19/2000 8:11:00 PM
From: Wayne Rumball	Read Replies (1) \| Respond to of 213

MIAMI, May 8, 2000 (BUSINESS WIRE) -- Quest Net Corp. (OTCBB:QNET) Charles Wainer, Quest Net's President continues to prosecute the lawsuit filed in Dade County Circuit Court against Defendants defaming the Company over the internet on the Raging Bull Bulletin Board. On February 17, 2000, Quest Net Corp. filed the lawsuit against a number of anonymous posters on the Raging Bull Bulletin Board using names such as jollyr, ADVISORY, Cats3 and gman007, Quest Net alleged that the posters placed false and defamatory statements about the company and its former Chairman, Camilo Pereira on the internet bulletin board to drive down the Company's stock price and interfere with the Company's business. According to Mr. Wainer, the Court has entered in Injunction against another one of the Defendant's using the name jollyr. Quest Net Corp. discovered that jollyr was Frank Madison. Mr. Madison has been enjoined from publishing any false and defamatory statements concerning the Company and its current and former officers, directors, and employees in any manner whatsoever. Further, Mr. Madison has been enjoined and restrained from interfering with any contractual/business relationships between Quest Net and its employees, customers, suppliers, consultants, shareholders and/or investors. The continued prosecution of this lawsuit is reflective of the Company's determination not to tolerate the dissemination of any false or defamatory information on the Internet and bring this abuse to an end for the Company, its officers, directors, and employees. Based in Pembroke Park, Florida, Quest Net Corp. is a provider of complete communication services, including local dial tone, long distance services, Internet and Intranet broadband networking for commercial and residential customers. Quest Net is one of the largest regional wireless Internet communication providers, with connection speeds of up to 24Mb over a distance of over 40 miles. Additionally Quest Net provides local Internet dial-up and nation-wide roaming, web hosting, secure servers, e-commerce solutions, and collocation. The statements which are not historical facts contained in this press release are forward looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filing with the Securities and Exchange Commission.