Futuremedia Announces Legal Actions Against Attempted Extortion

Jun 13, 2006, 01:00 ET from Futuremedia plc

    BRIGHTON, England, June 13 /PRNewswire-FirstCall/ -- Futuremedia plc
 (Nasdaq: FMDAY), a leading European learning communications provider, today
 announced that it has taken legal actions against Mr. Maas van Dusschoten.
 Mr. van Dusschoten, an individual residing in the Netherlands, has
 attempted since February 2005 to extort cash and shares from the Company
 and has distributed inaccurate and defamatory information about the Company
 and its past and present management and directors. Futuremedia is taking
 these actions on behalf of the Company and its shareholders. Mr. van
 Dusschoten's activities have been reported to the National Association of
 Securities Dealers ("NASD"), the Securities and Exchange Commission
 ("SEC"), and the appropriate authorities in the Netherlands. In addition,
 the Company has instituted civil actions against Mr. van Dusschoten in the
 Netherlands where he resides.
     Leonard M. Fertig, CEO of Futuremedia stated, "Mr. van Dusschoten has
 deliberately misled shareholders in attempting to achieve his own criminal
 purposes, and the Company feels it is important to make shareholders aware
 of these activities and the resolute efforts of the Company to put an end
 to them. We have ignored this individual's extortion demands for payment
 but need to protect the reputation of Futuremedia from these malicious
 falsehoods."
     Mr. van Dusschoten posts on the Yahoo! Finance message board under
 several pseudonyms, including "dickie_dickk", "Dick_I_Dick" and "fmday
 victims", and has posted bogus press releases and impersonated the
 Company's CEO, Leonard M. Fertig. He has attempted such extortion by
 demanding cash and shares from the Company in faxes, letters and e-mails to
 Futuremedia management in return for ceasing his activities, which have
 included misleading, incorrect, defamatory and untrue statements about the
 Company through posts on the Yahoo! Finance message board. Mr. van
 Dusschoten has stated in his correspondence and threats that he has
 deliberately and intentionally caused the share price of the Company to
 decline through his efforts. The Company has consistently refused to
 succumb to these attempts at extortion.
     The Company believes Mr. van Dusschoten's actions constitute the
 criminal offence known in the Netherlands as "afdreiging" (a felony) and as
 such has reported his action and attempted extortion to the relevant
 criminal authorities in that country and to the NASD in the United States.
 It is the understanding of the Company that the authorities in the
 Netherlands are investigating this matter.
     In addition to this, the Company believes Mr. van Dusschoten is under
 investigation by the SEC in the United States as a result of his actions
 against the Company.
     Additionally, the Company has filed a civil action in the Netherlands
 against Mr. van Dusschoten, and in relation to this he has signed a formal
 Agreement to Cease and Desist under which he agreed to cease making
 incorrect, insulting, abusive, harmful or defamatory statements about the
 Company. In that notice, Mr. van Dusschoten agreed to pay certain penalties
 upon its breach. The Company is taking action to enforce those penalties
 for his continuing breach of this agreement.
     About Futuremedia:
     Futuremedia is a learning communications company providing learning,
 benefits and communications services to public and private sector
 organizations. Backed by two decades of experience, the company's content
 and services offerings include learning consultancy, Learning Management
 Systems, custom made learning programs and an extensive library of
 published courseware titles. Futuremedia is also recognized as a pioneer
 and leader in the development and delivery of a range of fully managed,
 outsourced employee benefit programs for large organizations. In addition,
 Button (now part of the Futuremedia group) has 35 years of experience in
 providing brand communications services to large international
 organizations.
     "Safe Harbor" Statement under Section 21E of the Securities Exchange
 Act of 1934: This press release contains forward-looking statements related
 to future results and speaks only of Futuremedia's expectations as of the
 date hereof. Such statements include expectations regarding the expected
 benefits of legal action take by the company. Such statements involve known
 and unknown risks and uncertainties that may cause actual results to differ
 materially from expectations. The risks and uncertainties include: risks
 relating to litigation and other legal actions (including the legal action
 described in this press release); risks associated with acquisitions; risks
 relating to the Company's ability to operate profitably in the future;
 risks associated with the Company's ability to develop and successfully
 market new services and products; risks associated with rapid growth; the
 Company's ability to successfully develop its business in new geographic
 markets; the early stage of the e-learning market; rapid technological
 change and competition; and other factors detailed in the Company's filings
 with the US Securities and Exchange Commission. The Company expressly
 disclaims any obligation to release publicly any updates or revisions to
 any such statement to reflect any change in expectations or in information
 on which any such statement is based. All product names and trademarks
 mentioned herein are trademarks of Futuremedia or their respective owners.
 
 

SOURCE Futuremedia plc
    BRIGHTON, England, June 13 /PRNewswire-FirstCall/ -- Futuremedia plc
 (Nasdaq: FMDAY), a leading European learning communications provider, today
 announced that it has taken legal actions against Mr. Maas van Dusschoten.
 Mr. van Dusschoten, an individual residing in the Netherlands, has
 attempted since February 2005 to extort cash and shares from the Company
 and has distributed inaccurate and defamatory information about the Company
 and its past and present management and directors. Futuremedia is taking
 these actions on behalf of the Company and its shareholders. Mr. van
 Dusschoten's activities have been reported to the National Association of
 Securities Dealers ("NASD"), the Securities and Exchange Commission
 ("SEC"), and the appropriate authorities in the Netherlands. In addition,
 the Company has instituted civil actions against Mr. van Dusschoten in the
 Netherlands where he resides.
     Leonard M. Fertig, CEO of Futuremedia stated, "Mr. van Dusschoten has
 deliberately misled shareholders in attempting to achieve his own criminal
 purposes, and the Company feels it is important to make shareholders aware
 of these activities and the resolute efforts of the Company to put an end
 to them. We have ignored this individual's extortion demands for payment
 but need to protect the reputation of Futuremedia from these malicious
 falsehoods."
     Mr. van Dusschoten posts on the Yahoo! Finance message board under
 several pseudonyms, including "dickie_dickk", "Dick_I_Dick" and "fmday
 victims", and has posted bogus press releases and impersonated the
 Company's CEO, Leonard M. Fertig. He has attempted such extortion by
 demanding cash and shares from the Company in faxes, letters and e-mails to
 Futuremedia management in return for ceasing his activities, which have
 included misleading, incorrect, defamatory and untrue statements about the
 Company through posts on the Yahoo! Finance message board. Mr. van
 Dusschoten has stated in his correspondence and threats that he has
 deliberately and intentionally caused the share price of the Company to
 decline through his efforts. The Company has consistently refused to
 succumb to these attempts at extortion.
     The Company believes Mr. van Dusschoten's actions constitute the
 criminal offence known in the Netherlands as "afdreiging" (a felony) and as
 such has reported his action and attempted extortion to the relevant
 criminal authorities in that country and to the NASD in the United States.
 It is the understanding of the Company that the authorities in the
 Netherlands are investigating this matter.
     In addition to this, the Company believes Mr. van Dusschoten is under
 investigation by the SEC in the United States as a result of his actions
 against the Company.
     Additionally, the Company has filed a civil action in the Netherlands
 against Mr. van Dusschoten, and in relation to this he has signed a formal
 Agreement to Cease and Desist under which he agreed to cease making
 incorrect, insulting, abusive, harmful or defamatory statements about the
 Company. In that notice, Mr. van Dusschoten agreed to pay certain penalties
 upon its breach. The Company is taking action to enforce those penalties
 for his continuing breach of this agreement.
     About Futuremedia:
     Futuremedia is a learning communications company providing learning,
 benefits and communications services to public and private sector
 organizations. Backed by two decades of experience, the company's content
 and services offerings include learning consultancy, Learning Management
 Systems, custom made learning programs and an extensive library of
 published courseware titles. Futuremedia is also recognized as a pioneer
 and leader in the development and delivery of a range of fully managed,
 outsourced employee benefit programs for large organizations. In addition,
 Button (now part of the Futuremedia group) has 35 years of experience in
 providing brand communications services to large international
 organizations.
     "Safe Harbor" Statement under Section 21E of the Securities Exchange
 Act of 1934: This press release contains forward-looking statements related
 to future results and speaks only of Futuremedia's expectations as of the
 date hereof. Such statements include expectations regarding the expected
 benefits of legal action take by the company. Such statements involve known
 and unknown risks and uncertainties that may cause actual results to differ
 materially from expectations. The risks and uncertainties include: risks
 relating to litigation and other legal actions (including the legal action
 described in this press release); risks associated with acquisitions; risks
 relating to the Company's ability to operate profitably in the future;
 risks associated with the Company's ability to develop and successfully
 market new services and products; risks associated with rapid growth; the
 Company's ability to successfully develop its business in new geographic
 markets; the early stage of the e-learning market; rapid technological
 change and competition; and other factors detailed in the Company's filings
 with the US Securities and Exchange Commission. The Company expressly
 disclaims any obligation to release publicly any updates or revisions to
 any such statement to reflect any change in expectations or in information
 on which any such statement is based. All product names and trademarks
 mentioned herein are trademarks of Futuremedia or their respective owners.
 
 SOURCE Futuremedia plc