In addition, the Court found Insignia had adequately alleged market power by News America in the in-store advertising and promotion market to permit Insignia's monopolization and attempt to monopolize claims to proceed in Court. The Court also ruled that Insignia's false advertising claims against News America were sufficiently alleged to move to discovery.
"This decision allows Insignia to proceed with this critical litigation," said Scott Drill, CEO, of Insignia. "We are pleased the Court has seen fit to allow this litigation to proceed," Drill said.
Insignia Systems, Inc. is an innovative developer and marketer of in-store advertising products, programs and services to retailers and consumer goods manufacturers. Through its Point-Of-Purchase Services (POPS) business, Insignia is contracted with more than 12,000 chain retail supermarkets and drug stores, including A&P, Kroger, Pathmark, Safeway and Rite Aid. Through the nationwide POPS network, over 190 major consumer goods manufacturers, including General Mills, Kellogg Company, Nestle, Pfizer, Reckitt Benckiser, Inc., S.C. Johnson & Son and Tyson Foods, have taken their brand messages to the point-of-purchase. For additional information, contact 888-474-7677, or visit the Insignia POPS Web site at www.insigniapops.com.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements. The Company's actual results could differ materially from these forward-looking statements as a result of a number of factors, including risks and uncertainties as described in the Company's SEC Form 10-K for the year ended December 31, 2005 and SEC Form 10-Q for the quarter ended March 31, 2006. The Company wishes to caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made.