WECOSIGN, Inc. Uncovers Evidence Linking Named Defendants to False On-Line Postings

Oct 21, 2010, 09:00 ET from WECOSIGN Inc.

SANTA ANA, Calif., Oct. 21 /PRNewswire/ -- WECOSIGN, Inc. ("WECOSIGN") (OTC Bulletin Board: WECS, www.wecosign.com) announced today that it has uncovered evidence linking the defendants in WECOSIGN's pending federal lawsuit to several false statements made online. The statements appear to have been made under an alias, "Jim Brown," that is owned and operated by one or more of the defendants. In those statements, "Jim Brown" falsely alleges that WECOSIGN engaged in unfair, discriminatory trade practices and that the company transmitted a highly offensive email.

The statements first appeared in August, immediately after WECOSIGN filed its complaint in federal court for trademark infringement, unfair competition, cybersquatting, and violations of the Racketeer Influenced and Corrupt Organizations Act ("RICO"). "As soon as we discovered these postings, we immediately commenced an internal investigation to determine whether the claims had even an ounce of truth," said Carlos Padilla, WECOSIGN's CTO. "As we suspected, we quickly determined that they were absolutely false. In fact, we have never received an application from a person named 'Jim Brown.' Furthermore, WECOSIGN's policy and practice are to refund application fees paid by applicants who do not meet WECOSIGN's service requirements," Padilla stated.

After WECOSIGN confirmed that the statements were false, the company immediately took steps to identify the culprits responsible for publishing them on the Internet. Ultimately, WECOSIGN's efforts led to the discovery of evidence that links the defendants in the federal lawsuit with the false "Jim Brown" postings. "We asked for and received permission from the federal court to take expedited discovery, which allowed us to identify the persons responsible for these untrue statements." Padilla continued, "We were able to link the individuals behind the postings with the defendants in our federal case. This evidence confirms our belief that these postings were not made by any legitimate customers, but instead constitute an outrageous attempt to injure WECOSIGN's reputation in the marketplace. This evidence vindicates WECOSIGN's stellar reputation, and we remain steadfast in our determination to obtain all of the remedies to which we are entitled in our federal lawsuit."