SAN DIEGO, Oct. 16, 2012 (GLOBE NEWSWIRE) -- Private citizen, George Sharp, has named Premier Brands, Inc. (OTCBB:BRND) ("PREMIER") as an additional defendant in an ongoing civil action for violations of California Business and Professions Codes 17529.5 (Anti-Spam) and the California Legal Remedies Act. The complaint had already identified IDO Security, Inc., (OTCBB:IDOI) ("IDOI"), Empire Post Media, Inc (OTCBB:EMPM) ("EMPIRE") and Mustang Alliances, Inc. (OTCBB:MSTG) as defendants, as well as various officers and shareholders of those companies and others involved in a scheme allegedly to disseminate spam emails in order to artificially create a marketplace for the stocks of those companies at artificially high prices. The Complaint was filed by George Sharp in the San Diego County Division of California Superior Court (Case No. 37-2012-00101057-CU-NP-CTL) on July 23, 2012.
In his complaint, Mr. Sharp states that the Defendants deliberately hired offshore promoters and/or advertisers to disseminate unsolicited emails under the identities Stock Castle, Wall Street Penny Stock Advisors, Hottest Penny Stocks, Magic Penny Stocks, Obscure Stocks, and Ultimate Penny Stock, imploring him to buy IDOI, EMPIRE and MUSTANG stock; and, in spite of multiple attempts by the Plaintiff to opt out of these emails, the spam continued to be sent to his inbox. Under BPC § 17529.5, violators are subject to pay damages of up to $1,000 for each spam email to each recipient. Mr. Sharp is also seeking a preliminary injunction against the defendants in order to prevent the practice from continuing.
Mr. Sharp, expressed concern for investors in Premier Brands, Inc. stock, an issue that is currently undergoing such a promotion campaigns, seemingly to divest insiders of stock in what is commonly known as a Pump and Dump campaign. As virtually all of PREMIER stock was held by a few individuals, prior to the commencement of the promotions, Mr. Sharp fears that investors in that stock will see the kind of harsh losses typically realized as a result of such campaigns, and as experienced by investors in IDOI, EMPIRE and MUSTANG shares.
Mr. Sharp commented, "I have no idea how these spammers came to add my email addresses to their lists, but even after attempting to opt out through their Unsubscribe links, the emails kept coming. It just goes to show the lengths that some unscrupulous promoters will go in order to aid their clients' intentions to divest themselves of stock."
Mr. Sharp holds no interest in any of the stocks mentioned. Mr. Sharp invites those who have received unwanted emails from these alleged spammers to contact him. Updates to this litigation may be viewed by following Mr. Sharp's tweets at www.twitter.com/goniffs. A copy of the complaint is available upon request.