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Microcap & Penny Stocks : TVCP - Talk Visual Corporation -- Ignore unavailable to you. Want to Upgrade?

To: SCOOBEY-DO who wrote (132)	7/25/2000 11:33:09 AM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 180

Talk Visual Chairman Michael J. Zwebner Obtains a Second Lawsuit Award of $1 Million Against Internet Poster MIAMI, Fla.--(BUSINESS WIRE)--July 25, 2000--(OTC-BB: TVCP). TALK VISUAL CORPORATION's Chairman announced today that he has successfully concluded litigation against Ramon Silvestre (Internet alias "Rico Staris"). Mr. Silvestre has agreed to settle the case by accepting a $1 million judgment against him, to be enforced if he makes any further Internet posts. The following is a reprint of a section of the settlement agreement. "Whereas there has been litigation between Zwebner and Silvestre arising out of a series of (false and defamatory) statements posted by Silvestre over the Internet concerning Zwebner as set forth more particularly in Zwebner's Complaint for Defamation, False Light Invasion of Privacy, Intentional Infliction of Emotional Distress, and Unfair or Deceptive Trade Practices in the action styled as Michael J. Zwebner vs.. Gary Dobry and David Shepard et als. (Federal District Court for the District of New Hampshire, Civil Action No. 98-CV-682-M) (the "Action"); Zwebner and Silvestre hereby expressly agree that as a material condition of this Agreement, judgment shall enter against Silvestre and in favor of Zwebner on each and every count against Silvestre in Zwebner's Complaint in the Action, with damages assessed therefore at One Million Dollars ($1,000,000.00) (the "Judgment')." THIS ANNOUNCEMENT APPEARS AS A MATTER OF RECORD. IN THE PERIOD OF SEPTEMBER THROUGH DECEMBER 1998, I RAMON SILVESTRE USING THE ALIAS "RICO STARIS" POSTED ON SILICON INVESTOR CHAT LINES, AND CREATED A NEW CHAT LINE WHICH I CALLED "NO BASH FOR LEGACY." I MADE ACCUSATIONS AGAINST MICHAEL ZWEBNER INCLUDING FALSE AND DEFAMATORY STATEMENTS IN RELATION TO HIS ASSOCIATION WITH DCI AND HIS ALLEGED "SHORTING OF DCI STOCK." I WISH NOW TO MAKE THE FOLLOWING STATEMENT. I NOW TOTALLY AND ABSOLUTELY APOLOGIZE TO MICHAEL ZWEBNER AND HIS FAMILY FOR ALL THE PAIN AND SUFFERING AND PUBLIC HUMILIATION I CAUSED HIM. I FURTHER STATE THAT I WAS WHOLLY MISLED BY THIRD PARTIES IN THE DISSEMINATION OF THIS FALSE INFORMATION, AND I CAME TO UNDERSTAND THAT THE PROMOTERS AND DIRECTORS OF DCI FALSELY CLAIMED THAT THE CONTINUING FALL IN THE DCI STOCK PRICE WAS A RESULT OF MICHAEL ZWEBNER'S SUPPOSED SHORT SELLING. TO MY EMBARRASSMENT I LATER LEARNED THAT WAS UNTRUE. I FURTHER INFORM YOU ALL THAT THE LAWSUIT FILED BY MR. ZWEBNER AGAINST ME HAS BEEN SETTLED. I, RAMON SILVESTRE HAVE CONSENTED TO A SETTLEMENT JUDGMENT BEING ENTERED AGAINST ME FOR THE AMOUNT OF ONE MILLION DOLLARS IN FAVOR OF MICHAEL ZWEBNER. MR. ZWEBNER HAS AGREED NOT TO ENFORCE THE JUDGMENT FOR SO LONG AS I DO NOT ATTACK HIM OR HIS BUSINESSES FURTHER. WE HAVE ALSO AGREED TO SIGN A MUTUAL RELEASE. I REGRET HAVING BEEN INVOLVED IN THIS EPISODE. RAMON SILVESTRE In a further statement made today from Los Angeles, Mr. Zwebner stated, "I am glad that yet another defendant in this long ongoing litigation has finally agreed and settled. I trust that these defendants have learned that libeling and slandering and posting false and defamatory information and acting in a malicious manner by posting on the Internet is NOT free from legal repercussions and judicial punishment. I hope that other posters will take heed from this case, and be more careful in their public statements and postings and the information released therein." "In this case, (Ramon Silvestre, Internet alias "Rico Staris") as in the settlement against Gary Dobry and David Shepard, I have made the decision NOT to enforce the judgment so long as the defendant refrains from posting any further false and defamatory statements against my businesses and me. I would caution ALL other Internet posters that my action in these cases does NOT imply that I will or need necessarily act in this generous manner in any other cases currently pending in court." ABOUT TALK VISUAL CORP Talk Visual Corporation (OTC-BB: TVCP) is a pioneer in the video teleconferencing industry. It is developing global retail facilities to accommodate the growing video-communications needs of two key market segments: businesses and expatriate ethnic populations. Talk Visual can be reached toll-free at 1-877-22VIDEO within the United States, or at 305 572-0575 from abroad. A list of Talk Visual's videocalling shops is at www.talkvisual.com. The site allows visitors to order the 4th edition of the company's impressive full-color newspaper. Talk Visual sells pagers at www.beeperforabuck.com. Information on the new Talk Visual TV225 Video-Telephone can be seen on www.thevideotelephone.com. In addition, visitors are directed to visit the company's home page at www.talkvisual.com and click on the FAQ section, and or to read the Chairman's Corner latest weekly message. Sign-up information on the Company's new video-calling website can be obtained at www.videocallme.com. The "VIDEOCALLME" site permits IP and ISDN-based video users to search for and contact one another. It will soon present detailed vendor information for those interested in purchasing ISDN and IP video equipment for home, desktop or conference rooms. Statements in this press release which are not historical including statements regarding Talk Visual's or management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform of 1995, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. It is important to note that the Company's actual results could differ materially from those in any forward-looking statements. Factors that could cause actual results to differ materially include risk factors listed from time to time in the Company's SEC reports, including but not limited to, the annual report on form 10-KSB for the year ended December 31, 1999, and the quarterly report on Form 10-QSB for the quarter ended March 31, 2000. This release does not constitute an offer to sell securities. CONTACT: Talk Visual Corporation Janeth Iglesias-Vega Investor Relations 305 572-0575 Info@TalkVisual.com