Superwire, Inc. Files Suit
June 13 2008 - 1:06PM
Marketwired
SALT LAKE CITY, UT (PINKSHEETS: SUPI) announced today that due
to various misrepresentations by some individuals, it has become
necessary to make a statement regarding the duly appointed members
of the Company's corporate management. James Truher, one of the
founders of the Company, and J. Michael Heil, are currently the
only two directors properly appointed to the Board. Additionally,
Mr. Heil serves as the Company's CEO and President. Though there
are currently no other directors, the Company is exploring making
some changes to corporate management which may include an
additional director to fill an existing vacancy.
Accordingly, the Company has filed suit in Federal Court for the
District of Utah against various individuals who previously claimed
authority to act on behalf of the Company. The suit seeks damages
for, among other things, forging corporate documents and diversion
and embezzlement of funds belonging to the Company. In addressing
the recent commencement of litigation, Mr. Heil stated, "Sadly,
litigation was necessary to prevent some individuals from further
confusing the investing public and from interfering with the
Company's business. The conduct of these individuals was so extreme
that the Company really had no choice but to file. Opportunities to
make things right were extended, but not respected. Absent a
settlement, the Federal Court will decide the amount of damages the
Company is entitled to. My goal is to prevent that process from
hindering the Company's progress in moving forward with its
business objectives."
James Truher, founder of the Company, stated, "We live in an age
when misconduct affecting a public company must be met with
substantial and meaningful efforts to capture the truth and resolve
the identified issues. Those who try to inhibit the process of
obtaining answers will not be able to hide from the light that will
be cast on the revealed subjects of material importance to the
company and its shareholders. Our recent filing of litigation is
directed at seeking answers, preventing unauthorized interference
in corporate business, and obtaining financial relief from the
wrongful conduct of others. That being said, it is now time to move
on with developing the corporate opportunities still available to
us because of the diligent work of our CEO Mike Heil."
About Superwire, Inc.
Superwire, Inc. is a multi-media management group offering
interactive television, telephone, broadband services and Cable TV
Ad insertion to high income Retirement, Educational and
Hotel/Recreational communities throughout the United States.
Superwire's ad insertion capabilities give national, regional and
local advertisers a low cost, high impact avenue to target high
expendable income customers and easily measure their advertising
ROI.
For additional information, please visit: www.Superwire.com
Statements contained in this press release that are not
statements of historical fact are "forward-looking statements" as
that term is defined under federal securities laws, including,
without limitation, all statements concerning expectations,
beliefs, goals, intention or strategies for the future of Superwire
Inc. Forward-looking statements may be identified by words such as
"goals," "plans," "believes," "will," "expects" and other words of
similar meaning used in conjunction with, among other things,
discussions of future operations, financial performance, product
development and new ventures. Many factors could cause actual
events or results to differ materially from those expressed in any
forward-looking statement. Investors are cautioned not to place any
undue reliance on any forward-looking statements.
Contact: Ed Hart (866)547-8737
Cannalink (CE) (USOTC:CNLK)
Historical Stock Chart
From Nov 2024 to Dec 2024
Cannalink (CE) (USOTC:CNLK)
Historical Stock Chart
From Dec 2023 to Dec 2024