CALABASAS, Calif., July 27, 2012 (GLOBE NEWSWIRE) -- Empire Post Media, Inc. (OTCQB:EMPM) (OTCBB:EMPM) has been named in a lawsuit filed by George Sharp for violation of California restrictions on unsolicited commercial e-mail. We believe that this lawsuit, as it applies to Empire Post Media, Inc. and its officers and directors, is entirely without substance. Empire Post Media, Inc. and its officers and directors have not, at any time, participated in issuing any unsolicited e-mails. Empire Post Media, Inc. and its officers and directors have not, at any time, hired any person or organization to send out any e-mails. We do not know why Mr. Sharpe received any unsolicited email, if true, but it was certainly not at the direction, knowledge or consent of Empire.
Further, no shares held by Empire's officers or directors are being sold into the market as all of their shares are restricted from trading under applicable federal securities laws.
It should be noted that Empire previously released a statement on March 30, 2012 dealing with unusual trading volume in our stock, which Mr. Sharpe was fully aware of. What is motivating Mr. Sharpe now, other than trying to get a monetary settlement from Empire, is unclear. We believe this is a frivolous lawsuit, and we intend to vigorously defend it and to seek damages and legal costs from Mr. Sharpe, where appropriate.
We have recently filed our latest Form 10Q with the Securities and Exchange Commission ("SEC"). Empire suggests that potential investors who are interested in current information about the Company should consider only information issued directly by the Company in filings with the SEC.