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Superwire, Inc. Files Suit
(Marketwire Via Acquire Media NewsEdge) SALT LAKE CITY, UT, June 13 / MARKET WIRE/ --
Superwire, Inc. ("the Company")
(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
Copyright ? 2008 Marketwire
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