$10 Million Lawsuit Filed Against PSNet, Based in Sandy, Utah

DETROIT, Jan. 14 /PRNewswire/ -- PSNet, Inc., based in Sandy, Utah, was
sued today in an action filed by Needa Parts Manufacturing, Inc., in federal
district court in Detroit, Michigan. The suit seeks over $10 million in
damages. Chad Sayers, the president of PSNet, Inc., was also named as a
Defendant. The suit is a companion case to a suit already filed in federal
court against PSNet.
The lawsuit filed by the Flint, Michigan, auto parts company, Needa Parts
Manufacturing, Inc., claims that PSNet agreed to invest $10 million dollars in
Needa Parts, but breached its contract. The complaint alleges that Needa
Parts and PSNet entered into a detailed agreement specifying that PSNet was to
purchase a majority interest in Needa Parts. According to the suit, PSNet and
Sayers repeatedly deceived Needa Parts regarding how much money would be paid,
and when PSNet would pay it.
Needa Parts is represented by Gerard Mantese of the law firm, Mantese and
Rossman, P.C., based in Troy, Michigan.
PSNet is an internet and wireless phone technology company based in Sandy,
Utah. PSNet is currently developing a wireless two-way video personal data
assistant called the PLANet Navigator. PSNet also owns several subsidiary
companies, including PSNet Realty and PSNet Classifieds.
For more information, contact Gerard Mantese at:
Gerard Mantese
Mantese & Rossman, P.C.
1361 E. Big Beaver Rd
Troy, MI 48083
(248) 457-9200 (office)
(248) 515-6419 (cell)

SOURCE Legal Media, LLC

Gerard Mantese of Mantese & Rossman, P.C., +1-248-457-9200, +1-248-515-6419
(cell)