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.

Gold/Mining/Energy : SKB on VSE -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (466)	6/3/1998 3:04:00 AM
From: Postman	Read Replies (1) \| Respond to of 699

Zoombie woof.

To: Jim Bishop who wrote (466)	6/3/1998 3:13:00 AM
From: Pete	Read Replies (1) \| Respond to of 699

Maybe we will have a happy ending after all... Advanced Encryption Technology, Inc. Of America Is Named A Defendant In A Civil Filing By Secured Communications Canada 95, Inc. May 15, 1998 3:57 PM EDT LONG BEACH, Calif., May 15 /PRNewswire/ -- Advanced Encryption Technology, Inc. of America (OTC-Bulletin Board: AETI) (the "Company") has been named as a defendant in a civil proceeding filed by Secured Communications Canada 95, Inc. ("Secured Communications") in Ontario, Canada on May 5, 1998. Although the Company has not been served with the Statement of Claim Filed in the Ontario Court, counsel for the Company has reviewed a copy of that pleading and initiated a preliminary investigation into the alleged facts. Secured Communications alleges that the Company has marketed a suite of data encryption products based on a system in which they claim a proprietary interest. The complaint alleges various breach of contract and fiduciary duty claims against three Canadian residents who operate Advanced Encryption Technology, Inc. of Canada. Simply stated, the allegations against the Company are that it has benefited by interfering with Secured Communications' existing economic relations. The Company believes that the allegations presented in this complaint have no basis in fact and have been asserted by Secured Communications to deflect attention from unrelated problems that it is experiencing. The Company plans not only to present a vigorous defense to these frivolous claims, but may seek affirmative relief from Secured Communications for any damage occasioned by the filing of this action. SOURCE Advanced Encryption Technology, Inc. Of America c PR Newswire. All rights reserved.