SANTA ANA, Calif., Oct. 1 /PRNewswire/ -- (OTC Bulletin Board: WECS) (www.wecosign.com ) – WECOSIGN CIO Carlos Padilla announced today that an action filed by WECOSIGN's attorneys Knobbe, Martens, Olson & Bear LLP has resulted in a decision by an international panel of the World Intellectual Property Organization (WIPO) ordering the prompt transfer of the domain name wecosignusa.com to WECOSIGN. In reaching the conclusion that the domain registrant had registered and used the wecosignusa.com domain in bad faith, the WIPO panel held that the registrant's "use of the Disputed Domain Name is likely to cause consumer confusion, mistake and deception as to the source or sponsorship of the Disputed Domain Name," and that "it is likely that a consumer could well believe that the Disputed Domain Name or content on it has been approved, sponsored, or affiliated with" WECOSIGN.
"This action was necessary," says Padilla, "to protect consumers from confusion and from being misled. This decision confirms that people who register another company's trademark as a domain name, with the addition of a generic, geographic, or descriptive term in bad faith are not legitimate registrants. WECOSIGN values its goodwill and trademarks highly, and is committing to enforcing its brand and reputation in cyberspace. WECOSIGN's commitment extends not only to the constant monitoring of domain registrations and trademark misuse on the Internet, but also to web sites hosting defamatory allegations about our business practices."
"In today's world, the Internet is an important party of any business, and ours is no exception. Enforcing intellectual property rights online is an ongoing effort that requires patience and determination. Chasing down the perpetrators of these internet schemes is like trying to wrap your arms around smoke," says Padilla. "They simply unplug from a basement or executive suite operation somewhere and disappear."
"It remains to be seen whether law enforcement in cyberspace will ever effectively deter intellectual property infringement, defamation, and other unlawful online activities. Until that day, however, WECOSIGN remains determined to enforce its rights. "We draw the line," Padilla concludes "when it comes to our business reputation and integrity."
SOURCE WECOSIGN Inc.