PRESS RELEASE
WECOSIGN, Inc. Uncovers Evidence Linking Named Defendants to False On-Line Postings
October 24, 2010
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."
SOURCE WECOSIGN Inc.
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