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Max Sound Provides An Update On Contempt Hearing



Date : 03/11/2016 @ 6:15PM
Source : InvestorsHub NewsWire
Stock : Max Sound Corporation (QB) (MAXD)
Quote : 0.0026 0.0 (0.00%) @ 3:56PM

Max Sound Provides An Update On Contempt Hearing




Max Sound Provides An Update On Contempt Hearing

SANTA MONICA, CA -- March 11, 2016 -- InvestorsHub NewsWire -- Max Sound Corporation $MAXD provides a litigation update to its Shareholders on the contempt case against VSL. On March 9th, VSL requested an ex-parte 30-day extension as they claimed that they changed their legal counsel yet again. VSL’s new lawyers made no appearance and their existing counsel did not provide proof of engagement. The Judge did not find any acceptable argument for a 30-day extension. However, while reviewing the courtroom schedule, the Judge decided that the half-day scheduled on March 24th was no longer sufficient to complete the hearing given the magnitude of contempt, and rescheduled the hearing for 9:00AM April 7th, the earliest full day available on the court’s calendar.

“We believe the date change is a non-event, and no matter how many lawyers VSL brings or claims to be bringing in the future, we’re confident in a positive outcome for Max Sound,” said John Blaisure CEO of Max Sound Corporation.

About Max Sound Corporation: As creators of acclaimed MAX-D HD Audio, Max Sound can provide a better solution for Audio, Video and Data transmissions. Max Sound Corporation is the company that brings forth technologies for the betterment of our digital world, including VSL's Optimized Data Transmission Technology. Max Sound®, MAXD® and MAX-D Audio Perfected® are registered trademarks. All other trademarks are the property of their respective owners. To learn more about the MAX-D Technology, please visit http://maxd.audio.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Statements in this press release which are not purely historical, including statements regarding Max Sound's intentions, beliefs, expectations, representations, projections, plans or strategies regarding the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow or adequacy of capital resources, market acceptance risks, technical development risks, and other risk factors. The company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Max Sound disclaims any obligation and does not undertake to update or revise any forward-looking statements in this press release. Expanded and historical information is made available to the public by Max Sound Corporation and its Affiliates on its website http://maxd.audio or at http://www.sec.gov.

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