BioShield Institutes Legal Action to Stop Defamatory and Fraudulent Statements on Internet Message Board.NORCROSS, Ga.--(BUSINESS WIRE)--Sept. 2, 1999-- BioShield Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BSTI BSTI Bangladesh Standards and Testing Institute BSTI Basic Scientific and Technical Information ) announces today that it has instituted legal action against one or more persons who have used the screen names FraudFinder1, TeSquared, and theskepticds1 to publish fraudulent and misleading information about the Company over the Internet. The Company has served a subpoena subpoena (səpē`nə) [Lat.,=under penalty], in law, an order to a witness to appear before a court. A subpoena ad testificandum [Lat. seeking the identities of these persons. Commenting, Co-Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Timothy C. Moses stated "We will not tolerate this kind of fraudulent and illegal activity and will pursue these individuals to the fullest extent permitted by law." BioShield Technologies is comprised of four business divisions for the sale, distribution, and development of antimicrobial antimicrobial /an·ti·mi·cro·bi·al/ (-mi-kro´be-al) 1. killing microorganisms or suppressing their multiplication or growth. 2. an agent with such effects. , biostatic and medical related products for the internet medical markets, retail, industrial & institutional and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and markets. Statements in this news release that are not historical are forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in any forward-looking statements, all of which are difficult to predict and many of which are beyond the control of the company, including, but not limited to, risks and uncertainties related to new developing technologies, dependence on collaborative partners, the inherent complexity and uncertainty regarding the development of products, BioShield's early-stage development, the result of research and development efforts, future capital needs, and the uncertainty of additional funding and government regulations and other factors which are detailed in the company's periodic reports and registration statements filed with the Securities and Exchange Commission. BioShield does not undertake to revise or update any forward-looking statement to reflect events or circumstances that may arise after the date hereof. |
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