Message #5 From:
NewsBot Date: September 20, 2005 08:18:00 AM
MYCM News Lawsuit Ruled in Favor of Mycom Group and Dismissed
CINCINNATI--(BUSINESS WIRE)--Sept. 20, 2005--Mycom Group, Inc., a technology products, professional services, and software reseller, whose stock is traded on the over the counter market (OTCBB:MYCM), announced it has been awarded a favorable verdict in the case of Larry Lunan and Susan Lunan vs. the Mycom Group, Inc. et all, which was filed and tried in the United States District Court For The Southern District of Ohio, Western Division.
Originally filed in 2001, the lawsuit named the Company and six former employees or consultants, including three former directors, as defendants in litigation captioned Larry Lunan and Susan Lunan v. Mycom Group, Inc., Patricia A. Massey, G. Allan Massey, George W. Young, Joan Carroll, Kenneth R. Hall and Terry Seipelt. The plaintiffs (Lunans) alleged that $300,000 was due them related to a contract dispute and they also sought unspecified damages and attorney fees and costs. The case went to trial in December 2003.
On September 20, 2005, Herman J. Weber, Senior Judge, United States District Court entered a judgment in favor of the Mycom Group, Inc. and the Defendants on all claims. The case was dismissed with prejudice and terminated on the docket of the Federal court at the plaintiffs' (Lunans') cost.
About Mycom Group Inc.
The Mycom Group, Inc. is a technology solutions and professional services provider to businesses and organizations throughout North America. It markets a wide range of software, hardware, enterprise solutions and technology services. Mycom markets new applications and services using the mycomPRO(R) brand name. Mycom, headquartered in Cincinnati, Ohio, is on the web at www.mycom.com. For additional information contact: Mycom Group Investor Relations pr@mycom.com
NOTE: This Mycom Group press release may contain certain forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. Such statements are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. Important risks and uncertainties, among others, that could cause actual results to differ materially from those described in these statements include the strength of the U.S. economy and other factors. For additional information about Mycom Group, Inc. please refer to the current Forms 10-KSB and 10-QSB as filed with the Securities and Exchange Commission.
