Mina Mar Group Awarded Judgment Vs. Investorshub.Com Lawsuit

Thu Jul 9, 2009 4:36pm EDT
 
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TORONTO, July 9 /PRNewswire/ - Mina Mar Group Inc (www.minamargroup.com), a
privately held Canadian company, is pleased to announce that the company was
awarded a judgment and costs in its lawsuit that had commenced in Toronto Vs
Investors Hub.Com chat board. This is a third favourable ruling in two
separate jurisdictions (USA and Canada) where two different judges
independently ruled in favour of Mina Mar.
Mina Mar President, Miro Zecevic, noted; "Just so that our readers are clear
the main action where we seek over $4,000,000.00 in damages which we intend to
evenly distribute to our clients, and their shareholders has not yet
commenced. The stall commenced when the Defendant, Investors Hub began a
vigorous opposition of the jurisdiction issue in Canada. To further complicate
matters and in an effort to create a distraction and to inject sensationalism,
Investors Hub commenced a separate action in Florida as a Plaintiff. The USA
judge, refused to allow his court to be used as a circus by Investors Hub, and
simply ordered that the action be dismissed and all subsequent motions deemed
moot. In Canada, where Investors Hub fought the jurisdiction issue vigorously,
and just several days before the long awaited and anticipated court date,
Investors Hub simply chose not show up to court. Instead, Investors Hub sent a
letter addressed to the judge that they were "throwing in the towel".
One has to question the motives of this Investorshub.Com and the stock basher
posters. Approximately two weeks before the July 7 court date, we consulted
with our clients and lobbied them to accept a make a settlement. An offer to
settle called for Mina Mar and all of our clients having agreed to answer each
and every allegation made against Mina Mar, the clients, and the clients
officers to Investors Hub, and its critic posters. We agreed to do this
notwithstanding that a USA judge ruled that neither we nor the clients are
obligated to do so. We saw this as a great way to for once and for all put an
end to the libellous and slanderous comments that are being made by these
stock bashers. Once all the details were ironed out such as that all posts
that are untrue, unfounded or unsubstantiated that all these posts be removed.
Investors Hub made a claim that they cannot remove any posts without the
posters approval, without a USA court order. This request notwithstanding that
it is common practice of this board to delete any post they see fit and allow
dark propaganda posts to flourish. Once we agreed to this additional USA court
order request, Investors Hub simply walked away from settlement negotiations.
These actions speak volumes. We repeat our position that these posters dressed
up as "shareholders" post false and malicious messages and pray on novice and
unsuspecting readers. By doing so, they hope to erase years of hard work of
principals, and the equity of small shareholders. They do this for their
selfish and self serving reasons. We again extend our invitation for a
settlement and resolution that is beneficial to all shareholders.
In the Canadian court order, Mina Mar was awarded over $13,000.00 in court
costs, which must be paid immediately and/or before the courts will accept
Investors Hub's defence. In the event the Investors Hub does not file a
defence the law allows for Mina Mar to secure its original $4,000,000.00 in
damages immediately. Enforcement actions on the existing orders are already
underway."
Both USA and Canada judgements can be viewed by visiting this direct link.
http://www.minamargroup.com/client_interests.php. (Please note that due to the
high number of visits and downloads this page may not display the content
immediately. Our webmasters are addressing the issue with the web hosting
company.)

About Mina Mar Group

Mina Mar Group is a Corporate Consultancy firm that specializes in small cap
or OTC market business services, including public markets in Frankfurt
Germany, and UK. The company's focus is on growth companies or emerging
markets such as those in South America, Eastern Europe, and Mainland China. We
provide our clients with comprehensive advisory and consulting services
regarding mergers and acquisitions, including reverse mergers of private
companies into publically traded entities, and special purpose companies (SPC)
off shore companies. Mina Mar also offers a full suite of related ancillary
services subsequent to the successful completion of a reverse merger,
including Private Placements, PIPE, Pink Sheets Adequate Disclosure
documentation, various SEC regulatory filings and a broad range of other
Corporate Governance matters. The company licenses it's brand name and back
office as a white label solution which allows professionals in the industry to
tap into The Mina Mar back office to deliver high quality solutions on a
private label basis. The company also operates a shareholders advocacy
division which seeks out publicly traded companies in distress or where the
minority shareholders positions are in peril, and assists as a guardian with
interim and or turn around management. Through it's wholly owned subsidiary
Mina Mar Marketing Group Inc (www.minamargroup.net) the company offers
publically traded companies services such as Investor Relations, and Investor
Awareness exclusively.

CONTACT: For corporate matters contact: corporate@minamargroup.com

SOURCE  Mina Mar Group

For corporate matters contact: corporate@minamargroup.com

 

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