Optima Technology Calls for SEC Investigation and Government Oversight of VeriSign-Network Solutions

Updated on Friday, October 17th, 2003 at 12:00 am

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Optima Technology Calls for SEC Investigation and Government Oversight of VeriSign-Network Solutions

IRVINE, Calif., Oct. 17 /PRNewswire/ — Optima Technology Corporation
recently filed a complaint with the Department of Justice and SEC with regards
to Network Solutions, now owned by VeriSign (Nasdaq: VRSN) alleging that
Network Solutions gave away its domain name without its permission.

"Something needs to be done, it’s quite clear that VeriSign is not going to
take action to regulate their business model. Regardless of the fact that I
am not fond of government oversight, there comes a time when it is necessary
to call for government oversight. My company has formally requested that the
Department of Justice and SEC launch a full investigation into this company’s
business practices. I am willing to bet they are no better than those of the
late ENRON. With regards to this problem, our attorneys were recently
contacted by the Federal Bureau of Investigation; we are cooperating fully in
this matter with the FBI," said Barry Eisler, Optima’s president.

Mr. Eisler goes on to add: "How long are companies going to put up with
their domains being stolen, right now it’s so easy to steal a domain name from
VeriSign. If the proper safeguards were in place, this could not have
happened. But because VeriSign had a choice and chose to keep higher profits
verses having the proper safeguards in place; my company and others like the
recent case of www. sex. com, who like us lost millions of dollars in revenue,
all caused by a decision the board of directors made at VeriSign. I call for
all stockholders to question the actions of the board at VeriSign. If I was a
stockholder in VeriSign, I would call for the board to step down and have the
SEC come in to help clean up this mess caused by the possible illegal actions
of the company and its board."

Pressure is building against VeriSign with further lawsuits filed by Go
Daddy and Netster.com recently. Domain registrar GoDaddy.com
( http://www.godaddy.com ) and Popular Enterprises, the parent company of search
provider Netster.com, ( http://www.netster.com ) have also filed lawsuits against
VeriSign in recent weeks over their "SiteFinder" service, which points
unresolved domain traffic to its own Web site. Netster.com has filed a
$100 million lawsuit charging that SiteFinder enables VeriSign to monopolize
unregistered domains. And Go Daddy similarly accuses VeriSign of gaining
unfair competitive advantage by intercepting, and profiting from, Internet
traffic.

"These days, it seems that every time I review news headlines, Network
Solutions is getting sued for some type of oppressive behavior. Behavior that
is fraudulent, deceitful, committed with a willful act and for reckless
disregard of their customer’s rights," says Gary Kremen, CEO of Sex.Com. "And
I am not surprised. I have witnessed first hand their malice, recklessness
and morally culpable conduct starting eight years ago, and I knew it wasn’t
going to stop with me. They have damaged, with clear intentions but without
desire to mitigate such damages, customers like Optima Technology Corporation
and Sex.Com. At this point, a large punitive damage award by a court is the
only surefire method of ridding the near monopolistic VeriSign of their
business tactics."

About Optima Technology

Founded in Irvine California in 1990, Optima is a worldwide leader in
software, services and Internet technologies for personal and business
computing. The company offers a wide range of products and services designed
to empower people through great software — any time, any place and/or on any
device. http://www.optimatech.com

Optima Technology, DeskTape and DeskTape Pro, CD-Access Pro and DiskArray
Pro are either in process and/or Registered Trademarks, Trademarks,
Servicemarks and/or patented and belong to Optima Technology Corporation both
in the United States and/or other countries. Customers or resellers with
questions about the legitimacy of Optima software purchases should contact the
Optima anti-piracy hot line via e-mail at piracy@Optimatech.com.

About Sex.Com

Sex.Com (www. sex.com), wholly owned and operated by Grant Media, LLC, is
the premium adult Internet search engine, receiving on average
150,000-200,000 unique users and 400,000+ page-views daily. A majority of the
traffic is type-in adult traffic; many are first time surfers looking for
specific adult content. Additionally Sex.Com distributes its search results
and banners to over 25 other search engines internationally. Sex.Com is
committed to maintaining a leadership position in the quality of our products
and services. As a result of its strong adherence to the laws and practices
in the global Internet community, Sex.Com is able to ensure a safe, stable and
growing online advertising environment.

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