ATLANTA, Georgia (June 17th, 2005) - The Board of Directors of the Industrial Memetics Institute strongly condemns allegations made earlier this month by Amnesty International that its software development operations in Guantanamo Bay, Cuba are "the gulag of our times."
Industrial Memetics President and Chief Executive Officer, Tom Cross, said "The comparison is completely unreasonable. Russian Gulags were places in which thousands were worked to death in the oppressive Siberian winter. Our people in Cuba are well fed, gainfully employed, and air conditioned! A job at Industrial Memetics is a fine and valuable life endeavor. If circumstances where different these people might have wasted away in shanty towns in Rio de Janeiro or been forced to sell themselves in the AIDS infested sex markets of South Africa." He added that "people who think critically about Industrial Memetics hate America."
Industrial Memetics Chief Technology Officer, Nick Levay, said "The recent claims that one of our managers flushed a Koran down the toilet are completely unsubstantiated. Why would there be a Koran in an Industrial Memetics office?! We don't allow any religious artifacts to enter the building. Acknowledgment of religion is completely forbidden at the Industrial Memetics Institute."
Industrial Memetics Secretary of Defense Billy Hoffman said, "Our competitors are trained to make outrageous claims about our workplace practices. These claims should be ignored. They are obviously part of their overall strategy to slow the pace of innovation and flood the market with inferior products."
The Industrial Memetics Institute is committed to its goal of producing the finest technology and services money can buy. Industrial Memetics stands by its work place environment as being "a hell of a lot better then a Russian Gulag." (TM)
ABOUT THE INDUSTRIAL MEMETICS INSTITUTE
The Industrial Memetics Institute is a leading distributor of adult entertainment via electronic platforms. The Company delivers the most extensive lineup of quality programming over the broadest range of electronic means, including cable, satellite, Broadband and video-on-demand.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", or variations of such words are intended to identify such forward-looking statements. The forward-looking statements include, but are not limited to, Mr. Cross's ability to create even more value for our shareholders, and the outcome of any contingencies. All forward-looking statements made in this press release are made as of the date hereof, and the Company assumes no obligation to update the forward-looking statements included in this news release whether as a result of new information, future events, or otherwise. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements.
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