Max Sound Provides An Update On Contempt Hearing
March 11 2016 - 6:15PM
InvestorsHub NewsWire
Max Sound Provides An Update On Contempt
Hearing
SANTA MONICA, CA -- March 11, 2016 --
InvestorsHub NewsWire -- Max Sound
Corporation (MAXD) provides a
litigation update to its Shareholders on the contempt case against
VSL. On March 9th, VSL requested an ex-parte 30-day
extension as they claimed that they changed their legal counsel
yet again. VSL’s new lawyers made no appearance
and their existing counsel did not provide proof of engagement. The
Judge did not find any acceptable argument for a 30-day extension.
However, while reviewing the courtroom schedule, the Judge decided
that the half-day scheduled on March 24th was no longer
sufficient to complete the hearing given the magnitude of contempt,
and rescheduled the hearing for 9:00AM April 7th, the
earliest full day available on the court’s
calendar.
“We believe the date change is a non-event, and
no matter how many lawyers VSL brings or claims to be bringing in
the future, we’re confident in a positive outcome for Max
Sound,” said John
Blaisure CEO of Max Sound Corporation.
About Max Sound
Corporation: As creators
of acclaimed MAX-D HD Audio, Max Sound can provide a better
solution for Audio, Video and Data transmissions. Max Sound
Corporation is the company that brings forth technologies for the
betterment of our digital world, including VSL's Optimized Data
Transmission Technology. Max Sound®, MAXD® and MAX-D Audio
Perfected® are registered trademarks. All other trademarks are the
property of their respective owners. To learn more about the MAX-D
Technology, please visit http://maxd.audio.
SAFE HARBOR STATEMENT UNDER THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995:
Statements in this press release which are not
purely historical, including statements regarding Max Sound's
intentions, beliefs, expectations, representations, projections,
plans or strategies regarding the future are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The forward-looking statements involve risks
and uncertainties including, but not limited to, the risks
associated with the effect of changing economic conditions, trends
in the products markets, variations in the company's cash flow or
adequacy of capital resources, market acceptance risks, technical
development risks, and other risk factors. The company cautions
investors not to place undue reliance on the forward-looking
statements contained in this press release. Max Sound disclaims any
obligation and does not undertake to update or revise any
forward-looking statements in this press release. Expanded and
historical information is made available to the public by Max Sound
Corporation and its Affiliates on its website
http://maxd.audio
or at http://www.sec.gov.
Contact:
Max Sound Corporation
info@maxsound.com
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