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MANAGEMENT TECHNOLOGIES SUES INTERNET FOR DAMAGES FROM CIRCULATING FALSE INFORMATION AND UNAUTHORIZED USE OF ITS CUSTOMER LIST

 MANAGEMENT TECHNOLOGIES SUES INTERNET FOR DAMAGES FROM CIRCULATING
 FALSE INFORMATION AND UNAUTHORIZED USE OF ITS CUSTOMER LIST
 NEW YORK, June 2 /PRNewswire/ -- Management Technologies, Inc. (NASDAQ: MTI), a developer of software for international banking, has filed a lawsuit against Internet Systems Corporation (Internet), a competitor, in the New York State Supreme Court.
 MTI is seeking damages of $51,627,483.52 in addition to punitive damages of $100 million from Internet for allegedly improperly obtaining MTI's confidential client list from a former MTI employee whom Internet hired, and then using the information to solicit MTI clients and falsely inform them that MTI was bankrupt. MTI has never filed for bankruptcy, and as a publicly listed company trading on NASDAQ, its stock prices are quoted on a daily basis in the financial sections of The Wall Street Journal and The New York Times. MTI further alleges that Internet disseminated false information to MTI customers and prospective customers damaging MTI's reputation and its ability to sell its products.
 "The world of banking software systems is a small one," said Barrington J. Fludgate, founder and CEO of Management Technologies, who has been designing banking systems since the late 1970s. "Those of us with a few years in the business know each other, keep an eye on our rivals, and compete vigorously for customers. It's one thing to disparage a competitor's system design, but it's quite another to say the competitor has gone bankrupt, then take our confidential banker client list and assign their sales force, armed with misleading information, to solicit those bankers. Internet will have a difficult time claiming ignorance; their New York office is, after all, in the same building as MTI's headquarters. All they had to do was ride the elevator or look up our stock tables in the daily paper to see that our company is still in business," said Fludgate.
 "In all, Internet's behavior was costly to MTI and in my opinion went far beyond the bounds of ethical business competition," added Fludgate.
 Management Technologies, Inc. trades on NASDAQ under MTCI for its common stock MTCIW for warrants.
 -0- 6/2/92
 /CONTACT: Tom Groenfeldt of Management Technologies, 212-239-8224/
 (MTCI) CO: Management Technologies Inc.; Internet Systems Corporation ST: New York IN: CPR SU:


LR-OS -- NY026 -- 6199 06/02/92 11:48 EDT
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Publication:PR Newswire
Date:Jun 2, 1992
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