CLOCK MEDIA CHALLENGE ON SOFTWARE OWNERSHIP

Mijares prepared to take on Mercury and Full House Entertainment

A deal between software developer Clock Media, Full House Entertainment and Mercury Sports NV was clearly in trouble Monday as the CEO of Clock, Jorge Mijares issued a press release asserting his ownership of the software source code.

The Clock Media statement emphasises that all bets are off as far the company is concerned, and that it has pulled out its assets in the form of source code for all fully and partially completed games and the intellectual property attached to these.

It is not clear why the agreement between the companies has foundered, but Mijares says: "The deal with Fullhouse Inc. only resulted in losses for Clockmedia Inc. as well as an attempt on behalf of Mercury Sports N.V. to maliciously take control of the source code without paying for it." 

Although source code was placed into an escrow account for the purposes of the deal, Mijares successfully blocked the release of any code to Mercury Sports N.V, a 50 percent shareholder of Fullhouse Inc., contending that the Curacao registered company had never complied with its agreement to market the software properties.

Full House Entertainment powers the Cindy's Poker site of a top model, and Mercury is involved in Upunt.com.

The statement goes further, claiming that Mercury conspired in an unspecified manner to ensure that any business opportunities were unsuccessful in an attempt to drive the other shareholders out of the company and keep the software for its own benefit.

Possibly what Mercury did not know was that the copyright for the source code was held throughout in personal ownership. Mijares says, " All the software involved is personally owned and its use is strictly assigned to Clockmedia as of now."  He adds that this will prevent Full House from claiming any ownership.

The press release mentioned a name well known in the business; that of Brian Woods who was until recently associated with the Black Widow, Grand Banks and Sterling House online casino group notorious among players for slow-pay practices.

"Brian Woods can claim what he likes," fumes Mijares. "If Mercury Sports or Fullhouse had any legal claims to any of my software, they can meet me in court."  He then goes on to hint at how acrimonious the parting of the ways has become, saying: "....it is easy to put up a website and send letters to people in the industry and make false claims and accusations, it keeps him well away from the authorities' scrutiny, much safer to run smear campaigns." .

When prodded for more information, Mijares refused comment saying that he would not expound on what could be before a court of law in the very near future.

"Suffice it to say, that any and all software Clockmedia Inc. paid for is now safely in the hands of its rightful owner and Clockmedia's attorneys are now looking into libel action against Brian Woods as well as his sister Shiovean Woods, who serves as President of Eban Commerce in Toronto, as well as others who are yet to be named. Investigation is ongoing." said Mijares concluded.