PRESS RELEASE
WECOSIGN
Issues Subpoenas to Identify Individuals Posting Inaccurate
Allegations Concerning WECOSIGN's Business Practices
September 29, 2010
SANTA ANA, Calif., Sept. 29 /PRNewswire/ -- WECOSIGN, Inc.
(OTC Bulletin Board Symbol: WECS, www.wecosign.com) CIO Carlos
Padilla announced today that the firm, through its attorneys,
has served several subpoenas to identify a person making Internet
postings under the name "Jim Brown." These postings,
which appeared on several websites, falsely allege that WECOSIGN
made racist remarks in an email and that WECOSIGN refused
to refund an application fee.
"We are not going to tolerate this type of conduct,"
said Padilla. "We have worked too hard to earn our
stellar reputation. These statements are absolutely false,
and the scenario is fabricated. In fact, we have never had
an applicant named Jim Brown," stated Padilla. "We
have commenced an investigation to identity the perpetrator
involved in this matter, and we hope shortly to confirm
the origin of the 'Jim Brown' postings. Our investigation
will include inquiries into the digital fingerprints that
these individuals created when they made these allegations,
which we regard as defamatory."
WECOSIGN has already helped hundreds of its clients by
acting as a guarantor on their rental applications, thereby
permitting them to rent properties from landlords that would
otherwise deny their applications. "WECOSIGN has always
been responsive to customer feedback, and if clients have
a problem with something that we have done, then we ask
them to bring it to our attention and we will make it right,"
said Padilla. "We have worked very hard over the past
several years to establish WECOSIGN's excellent reputation,
and we are committed to ensuring that our goodwill is not
unfairly tarnished. We will not sit idly by when others
attempt to injure our business. Since WECOSIGN's inception,
we have prided ourselves on our reputation and honesty in
dealing with clients. We will not and cannot allow others
to post false allegations about our firm and its business.
Ultimately," says Padilla, "we are motivated by
doing what is right and helping our clients."
Certain statements in this communication may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements
relate to a variety of matters, including but not limited
to: the operations of the businesses of WECOSIGN Inc. separately
and as an entity; the timing and consummation of any mentioned
proposed transaction; the expected benefits of the integration
of the company; the combined company's plans, objectives,
expectations and intentions and other statements that are
not historical fact. These statements are made on the basis
of the current beliefs, expectations and assumptions of
the management of WECOSIGN regarding future events and are
subject to significant risks and uncertainty. Investors
are cautioned not to place undue reliance on any such forward-looking
statements, which speak only as of the date they are made.
WECOSIGN neither undertakes, any obligation to update or
revise these statements, whether as a result of new information,
future events or otherwise. Actual results may differ materially
from those expressed or implied. SOURCE WECOSIGN Inc.
For more info, please email info@wecosign.com
