SOURCE: Max Sound Corporation

Max Sound Corporation

December 19, 2014 02:00 ET

Max Sound Corporation Wins in Court Again

SAN DIEGO, CA--(Marketwired - December 19, 2014) - Max Sound Corporation (OTCQB: MAXD) -- the innovators of MAX-D HD Audio and other disruptive technologies, announced today that it has won yet another legal victory. The San Diego County Superior Court has ruled in Max Sound's favor in a long running legal dispute with the former CEO Robert Steele of the now dissolved company Acoustic Control Sciences, LLC.

Acoustic Control Sciences, LLC was founded in 2005 based on a ground breaking sound improvement technologies invented by acclaimed audio engineer Lloyd Trammell. Steele was hired by Acoustic Control Sciences in 2007 as its CEO and left the company in 2008 following a dispute. In 2010, Mr. Trammell co-founded Audio Genesis Group, based on his quest to perfect and standardize audio, and within a few weeks Max Sound Corporation purchased all of its assets. 

In 2012, Steele filed his complaint in San Diego County Superior Court against Max Sound Corporation and other defendants, including Trammell. In his complaint, Steele alleged that the sound improvement technology now owned by Max Sound was based on the technology Steele had been involved with. Steele claimed that he was owed back pay, shares of Max Sound Corporation, as well as 20 million dollars in punitive damages against the defendants. The judge rejected Steele's charges entirely, and found that the evidence presented at trial did not support his allegations.

Dr. Dariush Adli, the President and founder of Adli Law Group, PC, which represented Max Sound and the other defendants in the lawsuit, expressed satisfaction with the decision. "This lawsuit should never have been brought, as the legal and factual basis of Steele's complaint were wholly inadequate to support the charges he was making." 

"We are pleased with the outcome of this case, as it confirms Max Sound's sole ownership and rights to this unparalleled audio technology. This victory allows us to continue to focus on the Company's core efforts of innovating and providing ground-breaking technologies to the world," said Max Sound's CTO Lloyd Trammell.

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 is the company that brings forth technologies for the betterment of our 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 www.maxsound.com.

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 www.maxsound.com or at www.sec.gov.

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