Article: Jones Naughton Files $60 Million Lawsuit Against AmeriNet Financial Systems et al.

LOS ANGELES--(BUSINESS WIRE)--Aug. 19, 1998--Jones Naughton Entertainment, Inc. (OTC BB:JNNE) announced today the Company has filed a $60 Million lawsuit against AmeriNet Financial Systems, Inc. (OTC BB:ANFS), ANFS, Inc. and individuals John J. Pembroke, W. P. Yeager, Phillip J. Yeager, Eric Cunliffe, Winston Hickman, Vicki Burklin and Alan Nopar.

Jones Naughton's lawsuit, filed in Orange County Superior Court, claims $60 Million in actual and punitive damages due to the failure of AmeriNet to honor primary contractual obligations included in the sale of Jones Naughton's Real Estate Television Network to AmeriNet in October of 1996.

Jones Naughton's ...

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