Saturday, March 31, 2007

CVT Kicks the Battle with IDT up a Notch!

This story just keeps going!

In an effort to get the most mileage from the IDT lawsuit against the prepaid industry, CVT Prepaid Solutions has just taken grand standing to a whole new level.

They had subpoenas issued for IDT chairman, Howard Jonas, and UTA CEO Carlos Gomez. CVTs goal is to prove that IDT has engaged, and continues to engage in the unfair practices that they are are claiming everyone else is doing.

In my opinion the whole lawsuit is just a joke and CVT is using this joke to gain a lot of PR and name recognition. Everyone knows that none of IDTs claims would stand up in court and if you ask me, the only thing that could come of this is collusion, which last time I checked is not allowed in the business world.

I am sure this drama will continue, with each making full use of their soapbox!

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