TMMI T M M Inc (PK)

TMM, INC. ANNOUNCES THE
FILING OF A LAWSUIT TO PROTECT ITS INTELLECTUAL PROPERTY

 

Wilmington,
Delaware – March 21, 2013 - TMM, Inc. (TMMI-PK) (“TMMI”) or (the “Company”) announces
that TMMI and its subsidiary, Digital Focus, Inc. (“DFI”), have filed a lawsuit
in the Eighth Judicial District Court, Clark County, Nevada, against Lawrence
F. Panik; Dimension, Inc.; Digital Focus Media, Inc.; Bruce Hoyt; Jeffrey R.
Phillips; Lyman P. Hurd; John Elton; and other parties to be later named,
seeking the return of its intellectual property, declaratory and equitable
relief jointly and severally against the named defendants, and damages,
including punitive and exemplary damages. 

The lawsuit
concerns TMMI’s fractal video compression technology and defendants’
misappropriation of that technology.  In
March 1993, TMMI paid for an exclusive, perpetual, non-transferrable world-wide
license to fractal video compression source code (VDK 1.0-1.9) from Iterated
Systems, Inc. (“ISI”).  Such license was
for ISI’s software based on ISI’s fractal video compression technology
reflecting ISI’s more than two dozen issued patents involving the technology.

In March 2000,
DFI and ISI entered into a license agreement by which DFI was granted an exclusive
license to use and develop the PVS/SGI (VDK 2.0) source code.  Such fully-paid license was exclusive to DFI in
accordance with its terms.  DFI was
acquired by TMMI pursuant to a stock exchange transaction dated June 8,
2012. 

The Complaint
alleges that some of the defendants stole an early version of the fractal video
compression technology from a protected computer in or about 2002.  TMMI and DFI are seeking equitable relief
against the named defendants to enjoin any further development and/or enhancement
by any of them of the stolen source code and the return of the source code
together with any derivatives and copies thereof. 

The Causes of
Action asserted against the named defendants include Conversion, Defamation of
Title, Misappropriation of Trade Secrets, Intentional Interference with
Contract, and Unfair Competition.

TMMI has
successfully resolved litigation against other parties to protect and preserve
its intellectual property rights, and will continue to aggressively prosecute
its interests against any parties making adverse claims relating to TMMI’s
license rights in its fractal video compression technology. 

ON BEHALF OF THE BOARD OF
DIRECTORS OF TMM, INC.:

GERARD V. CAVANAUGH

CHAIRMAN AND PRESIDENT

For more
information, please visit the Company’s Website at http://www.tmmi.us.

Safe Harbor Statement

The information in
this release contains forward-looking statements which involve risks and
uncertainties, including statements regarding the Company's capital needs,
business strategy and expectations. Any statements contained herein that are
not statements of historical fact may be deemed to be forward-looking
statements, which may be identified by terminology such as "may,"
"should," "will," "expect," "plan,"
"intend," "anticipate," "believe,"
"estimate," "predict," "potential,"
"forecast," "project," or "continue," the
negative of such terms or other comparable terminology. Readers should not rely
on forward-looking statements as predictions of future events or results. Any
or all of the Company's forward-looking statements may turn out to be wrong.
They can be affected by inaccurate assumptions, risks and uncertainties and
other factors which could cause actual events or results to be materially
different from those expressed or implied in the forward-looking statements.
Factors may cause the Company's actual results to differ materially from any
forward-looking statement. In addition, new factors emerge from time to time
and it is not possible for the Company to predict all factors that may cause
actual results to differ materially from those contained in any forward-
looking statements. The Company disclaims any obligation to publicly update any
forward-looking statements to reflect events or circumstances after the date of
this document, except as required by applicable law.

 

Contact:

Via Mail:

TMM Inc.

118 School Road

Wilmington, DE 19803

Telephone:

1- 800 821-9877

E-Mail:

 info@tmmi.us