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Universal Communication Systems Inc. et al, Announces: Terra Networks SA Legal Director Files ``Fraudulent Declaration'' under Penalty of Perjury, in Litigation Case in Miami, Fl. Federal Court.

MIAMI -- The following is a statement of the latest legal proceedings between Universal Communication Systems Inc. et al (OTCBB:UCSY), and Terra Networks SA:

Michael J. Zwebner, company chairman said: "In an effort to avoid the jurisdiction of the Federal Court in Miami, the 'legal director' of Terra Networks SA submitted a (false) Declaration in support of Terra's Motion To Dismiss in which he stated, under penalty of perjury an assertion that TERRA NETWORKS SA was simply a holding company with no operating business, that it did not have any presence in Florida and that it was not engaged in any business within Florida."

Company Files Opposition in Federal Court in Fl.

Mr Zwebner went on to state: "UCSY has responded to the Terra contentions, specifically, this False Declaration, by submission of an 'Opposition to the Court', which includes of a series of web pages that are publicly available on the Terra Networks web site. It appears by simple comparison of the statements contained in the foregoing 'legal director' False Declaration with these web pages, that the Terra Network's Legal director has committed perjury. UCSY is currently evaluating its course of action relative to this most recent development. The alternatives available to UCSY are to request sanctions be imposed against Terra Networks by the Court."

In UCSY vs LYCOS (2004 Case), Court Denies Motion to Dismiss.

In the related Universal Communication Systems Inc., Michael Zwebner, et al vs LYCOS INC, (the 2004 case) the Federal Court in Miami denied the Lycos Motion to Dismiss, but ordered the case transferred to Mass, per LYCOS Motion for Transfer. UCSY (the plaintiffs) are contesting this ruling, and asking the court to reconsider its decision based on the court not considering certain evidence and facts related to the corporate interests of UCSY, as a co-plaintiff.

About Universal Communication Systems, Inc.

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Safe Harbor:

Caution Concerning Forward-Looking Statements by Universal Communication Systems, Inc. This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and factors affecting the integration of the businesses of Universal Communication Systems, Inc. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.
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Publication:Business Wire
Geographic Code:4EUSP
Date:Mar 14, 2005
Words:523
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