CustomTracks Corporation Initiates Lawsuit
DALLAS, May 27 /PRNewswire/ -- CustomTracks Corporation (Nasdaq: CUST)
announced today that it has filed a lawsuit in federal District Court in
San Francisco against Critical Path, Inc. (Nasdaq: CPTH), a San Francisco-
based provider of email hosting services. The suit alleges violation of a
confidentiality agreement between the parties, trade secret misappropriation,
and related claims. CustomTracks is initially seeking a temporary restraining
order and a preliminary injunction to enjoin Critical Path from using
CustomTracks' confidential information.
David P. Cook, chairman and chief executive officer of CustomTracks, said,
"The confidential information relates to our Digital Signature and Encryption
technology and its related applications. As far as any other information, the
lawsuit speaks for itself."
CustomTracks Corporation is developing an Internet transaction system and
a Digital Signature and Encryption system and is exploring additional
Internet-related businesses. The company's new Internet transaction system is
expected to be operational by the end of September 1999, and the Digital
Signature and Encryption system is expected to be released by the end of
August 1999. CustomTracks' headquarters is in Dallas. For further investor
information about CustomTracks, visit the company's Web site at
www.customtracks.com or contact investor relations at 972-702-7057.
SOURCE CustomTracks Corporation