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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (94)3/11/1998 2:15:00 PM
From: Rande Is  Read Replies (1) | Respond to of 25711
 
Definition, Ltd. Announces Litigation

LAKE PARK, Fla., March 11 /PRNewswire/ -- Definition, Ltd. (OTC Bulletin Board: DFNL) announced today that suit was filed by John Anderson and Donna Anderson against Media Concepts, Inc. (OTC Bulletin Board: MDCE). The suit was filed on February 27, 1998 in Riverside Superior Court, 3547 10th St., Riverside, CA, 92501. It has been assigned Case #309027. Donna Anderson states that she was, and as far as we can ascertain, still legally the President, CEO, and a Director of Media Concepts, Inc. John Anderson states that be was employed as a consultant by Media Concepts, Inc.

The suit was filed against Robert Torres, an individual; Sherrie Torres, an individual; David Garcia, an individual; Media Concepts, Inc., a Nevada corporation; Holladay Stock Transfer, Inc., an unknown business entity; and DOES 1 through 50 inclusive. The following complaints were filed: (1) Breach of Employment Contract; (2) Breach of Covenant of Good Faith and Fair Dealings; (3) Breach of Public Policy; (4) Violation of Labor Code Section 201 et. seq.; (5) Conversion of Personal Property; (6) Conversion of Personal Property; (7) Fraud; (8) Conversion of Stock Certificates; (9) Defamation; (10) Breach of Fiduciary Duty; (11) Professional Negligence; (12) Preliminary Injunction; and (13) Declaratory Relief.

Donna Anderson is currently President of Blue Sage Entertainment, Inc. a Subsidiary of Definition, Ltd., and John Anderson is a consultant for Blue Sage Entertainment, Inc. Definition, Ltd. is not a party to this lawsuit and categorically denies all information being circulated by Media Concepts, Inc. in their press release.

SOURCE Definition, Ltd.

CO: Definition, Ltd.; Media Concepts, Inc.

ST: Florida

IN: ENT

SU:

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COMMENT: Wouldn't want to see anybody get hurt in this mess. Don't forget there are two sides to every story.

Rande Is



To: Joe Copia who wrote (94)3/11/1998 2:18:00 PM
From: CO  Respond to of 25711
 
Volume is picking up again today on GLOW. Over 1 Million shares have traded today. And after recently forming a new higher base, the price is starting to move up.

GLOW is still near the 52 week low. The 52 week high is .90 cents and GLOW is now trading at around .075›.

The company says that there will be news this week. It will likely be Thursday. Also they have a series of news to release between now and the end of the month.

THE COMPANY ALSO RECONFIRMED BY PHONE, THAT THEY ARE EXPECTING A .50 EPS FOR 1998 !!!

Here is a good site for an overview on GLOW:
Message 3602107

Cheryl