SOURCE: Superwire, Inc.

November 26, 2008 14:15 ET

SuperWire, Inc. Enters Into Settlement Agreement

NEWPORT BEACH, CA--(Marketwire - November 26, 2008) - SuperWire, Inc. (PINKSHEETS: SUPI) announced today that a settlement agreement has been entered into to resolve litigation that it brought in the U. S. District Court, District of Utah, Case No. 208CV0042. The settlement agreement was reached in a manner satisfactory to all involved.

James W. Truher, Chairman of SuperWire, Inc., stated, "The Company continues to provide triple play cable, phone and Internet services to more than 8,000 residents at Leisure World Seal Beach, California and is currently developing opportunities of operations at other locations."

About SuperWire, Inc.

SuperWire, Inc. is a multi-media management group offering interactive television, telephone, broadband services and Cable TV Ad insertion to high income Retirement, Educational and Hotel/Recreational communities throughout the United States. SuperWire's ad insertion capabilities give national, regional and local advertisers a low cost, high impact avenue to target high expendable income customers and easily measure their advertising ROI.

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Statements contained in this press release that are not statements of historical fact are "forward-looking statements" as that term is defined under federal securities laws, including, without limitation, all statements concerning expectations, beliefs, goals, intention or strategies for the future of Superwire Inc. Forward-looking statements may be identified by words such as "goals," "plans," "believes," "will," "expects" and other words of similar meaning used in conjunction with, among other things, discussions of future operations, financial performance, product development and new ventures. Many factors could cause actual events or results to differ materially from those expressed in any forward-looking statement. Investors are cautioned not to place any undue reliance on any forward-looking statements.

Contact Information

  • Contact:
    Ed Hart