After the bell, Perfect Web Technologies updated its shareholders regarding recent events and the location of its annual shareholders’ meeting for 2007. Recently the company refined and enhanced its corporate structure to maximize the use of its internal resources. Alan Siegel, MicroCap Management’s Managing Director stated, “We are very excited about PWBI’s growth in the first 30 days of the campaign, and expect to continue to see progressive business developments.”
The annual shareholders meeting will be held at the offices of Carey, Rodriquez, Greenberg and Paul LLP from 2:00 PM to 4:00 PM on November 9, 2007. For directions please contact: investors@perfectwebtech.com
Concerning a recent alleged violation of one of the company’s patents, the Chairman and CEO of Perfect Web Technologies, Inc. stated, “This litigation is a fundamental case of protecting the valuable intellectual property we have developed for the future of the e-mail marketing and management industry. With notice of our rights, infoUSA knowingly took and has continued to use our valuable inventions throughout a wide variety of their business operations and subsidiaries. In effect, they are trying to get away with using our inventions everyday to enrich themselves without appropriate acknowledgement or compensation.
He continued, “While we acknowledge that infoUSA has built a sizeable presence in the industry, it has done so unfairly by utilizing our patented technology without authorization. We are therefore asking the court system to enforce the patent on our inventions and remedy this blatant case of infringement.
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