PriceNetUSA
Jerry Ballah, Director / President
Price Net USA, Inc. has filed a lawsuit in the superior court of Orange
County, California against the former Director/President Jerry Ballah, Bruce
Ballah, The Big Store.com, The Big Hub.com, The Big Biz.com, OhGolly.com,
IPowerBiz, PriceNet Marketing, and MGI WorldNet.com (the Ballah group). The
lawsuit was filed during August 2000 in the amount of not less than
$25,000,000 for Breach of Fiduciary Duty, Fraud, Breach of Contract,
International Interference with Contractual Relationships, Misappropriation of
Trade Secrets, Unfair Competition, Accounting, and Injunctive Release. The
discovery process is ongoing and the Company is vigorously pursuing the matter
toward a favorable outcome. The case is set for a settlement hearing in August
2001.