CUST Customtracks has what is worth being sued for, ask Critical Path, check out their last investor conference, by all means do not take my word for it, Thats the last thing I would want Howie to do, cause a A mind is a terrible thing to waste, do your DD, if not read this:
Pulled from Hoovers and http;//www.bigcharts.com
CustomTracks Corporation (ticker: CUST, exchange: Nasdaq) News Release -
Monday, February 01, 1999
CustomTracks Corporation to Develop Internet Transaction Payment System
DALLAS, Feb. 1 /PRNewswire/ -- CustomTracks Corporation (Nasdaq: CUST) announced today that its board of directors has approved a significant investment in a new business that will focus on charging and collecting transaction payments over the Internet.
David P. Cook, chairman and chief executive officer of the company, stated, "Our company has been exploring various Internet-related business opportunities, as previously announced, but the system design for this transaction payment business came as a by-product of our ongoing efforts to obtain music content rights from the major record companies. We expect this system to be operational by the third quarter of 1999."
Mr. Cook added: "Our previously announced plan to enter the customized compact disc business has been impacted by two recent music industry developments. First, the Secure Digital Music Initiative, an effort sponsored by the major music record companies to establish standards for the digital distribution of protected music via the Internet and other means, has delayed our efforts to obtain music content rights. Secondly, the availability of the handheld MP3 player will likely impact customized compact disc pricing. We will evaluate our customized compact disc strategy further as these developments evolve."
CustomTracks Corporation is developing an Internet transaction payment system and is exploring additional Internet-related businesses, including selling customized compact discs over the Internet. The company's new Internet transaction payment system is expected to be operational by the third quarter of 1999. CustomTracks' headquarters is in Dallas. For further information about CustomTracks, visit the company's investor Web site at www.stockprofiles.com/cust or contact investor
"Safe Harbor Statement"
The following is a "Safe Harbor Statement," made under the Private Securities Litigation Reform Act of 1995: The comments of David P. Cook include forward-looking statements. These statements involve management assumptions, risks, and uncertainties, including, but not limited to, the following: (1) the ability ofthe company to marshal the resources to complete the development of the transaction payment system in a timely fashion; and (2) the ability of the company to gain market acceptance for its transaction payment system. Consequently, if such management assumptions prove to be incorrect or such risks or uncertainties materialize, the company's actual results could differ materially from the results, if any, forecast in the forward-looking statements. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding CustomTracks Corporation's business which are not historical facts are "forward-looking statements" thatinvolve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
CustomTracks Corporation (ticker: CUST, exchange: Nasdaq) News Release - Thursday, May 27, 1999
CustomTracks Corporation Initiates Lawsuit
DALLAS, May 27 /PRNewswire/ -- CustomTracks Corporation (Nasdaq: CUST) announced today that it has filed a lawsuit in federal District Court in San Francisco against Critical Path, Inc. (Nasdaq: CPTH), a San Francisco- based provider of email hosting services. The suit alleges violation of a confidentiality agreement between the parties, trade secret misappropriation, and related claims. CustomTracks is initially seeking a temporary restraining order and a preliminary injunction to enjoin Critical Path from using CustomTracks' confidential information. David P. Cook, chairman and chief executive officer of CustomTracks, said, "The confidential information relates to our Digital Signature and Encryption technology and its related applications. As far as any other information, the lawsuit speaks for itself."CustomTracks Corporation is developing an Internet transaction system and a Digital Signature and Encryption system and is exploring additional Internet-related businesses. The company's new Internet transaction system is expected to be operational by the end of September 1999, and the Digital Signature and Encryption system is expected to be released by the end ofAugust 1999. CustomTracks' headquarters is in Dallas. For further investorinformation about CustomTracks, visit the company's Web site at www.customtracks.com or contact investor relations at 972-702-7057.
SOURCE CustomTracks Corporation
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding CustomTracks Corporation's business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. |
