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Advanced Powerline Technologies, Inc., Today Announces That It Has Filed Suit In Federal Court Against 27 Defendants To Seek Restitution For Damages From The November E-Mail Barrage.
Advanced Powerline Technologies, Inc., Today Announces That It Has Filed Suit In Federal Court Against 27 Defendants To Seek Restitution For Damages From The November E-Mail Barrage..
About this update from Advanced Powerline Technologies, Inc.
[{"type":"text","content":"Advanced Powerline Technologies, Inc., Today Announces That It Has Filed Suit In Federal Court Against 27 Defendants To Seek Restitution For Damages From The November E-Mail Barrage.\r\n\r\nWOODWARD, OK -- (PINKSHEETS) - January 26, 2007 -- Advanced Powerline Technologies, Inc., (Pink Sheets: APWL - News) announces today that it has filed a federal lawsuit naming 27 defendants and seeking restitution for damages from the November e-mail barrage.\r\n\r\nOn November 28, 2006, Advanced Powerline Technologies (APT) announced that management had become aware that third parties were distributing unsolicited emails regarding the company. The company emphasized that no such unsolicited communications had come from the company, nor had the company hired anyone to distribute them. APT cooperated fully with various authorities in an attempt to discover who was responsible for these emails. APT had been the target of such unsolicited ad campaigns in the past, and had for months been cooperating with authorities in on-going investigations regarding those activities. On December 9, 2006, APT announced that it had learned that governmental agencies believed that they had identified parties responsible for the recent email campaign. Yesterday, attorneys representing APT filed suit in federal court in the Southern District Court in Houston Texas listing 27 defendants and seeking recovery of damages in excess of twenty million dollars from said defendants. Interim President Timothy Pace said, \"APT is highly confident that we will prevail in this action and that our case against the defendants is solid\"\r\n\r\nMr. Pace went on to state, \"We would like to thank once again all those involved that brought this to our attention and helped us locate these defendants. APT intends to pursue this to the fullest extent allowed under the law. Additionally, the company would like to reassure its shareholders that it is doing everything within its means to bring justice to them by acting to restore the shareholder value damaged by the wrongful acts of these defendants.\"\r\n\r\nAdvanced Powerline Technologies, Inc.'s principal business focus is to create and develop Broadband over Power Line (BPL) and Power Line Communications (PLC) friendly devices, products and services. The company's principal products at this time are liquid crystal display (LCD) digit...