Jerrick Media Holdings, Inc Responds to Action Filed by Penthouse Global Media
NEW YORK, July 7, 2017 /PRNewswire/ --
Jerrick Media Holdings, Inc., (OTCQB: JMDA) (the "Company" or "Jerrick"), a digital media and technology company, announced today that it became aware of a lawsuit filed by General Media Communication, Inc. against the Company and two of its officers. The lawsuit alleges trademark infringement related to the Company's use of the Omni and Caligula trademarks. The Company believes the lawsuit is without merit and intends to vigorously defend against it.
About Jerrick
Jerrick is a technology group focused on the development of digital communities, marketing branded digital content, and e-commerce opportunities. Core to Jerrick's unique capabilities is Vocal, a proprietary technology and content distribution platform, programmed to deliver a robust long-form, digital publishing platform organized into highly engaged niche-communities capable of hosting all forms of rich media content. Vocal maximizes scalability, speed, simplicity, and adaptability to create an unparalleled user experience - algorithmically designed to bridge media-rich long-form creative content with effective monetization. Each niche-community site is overseen by a dedicated team and culture, whose primary focus is on revenue conversion of all published material via digital arbitrage. All content is meant to challenge, inspire, and enlighten. For more information please visit https://jerrick.media.
Forward-Looking Statements
Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.
Investor Relations:
Natasha Sydor
Jerrick Media
+1-201-258-3770
[email protected]
SOURCE Jerrick Media Holdings, Inc.
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