August 14, 2008 02:59pm
WantedList Sues Ohanessian
Source: BSG Public Relations
by: Company Press Release
(VAN NUYS, CA) -- WantedList, Inc. Has announced today that it has filed for arbitration against Shahan Ohanessian and Xflix, LLC over the asset purchase agreement of Xflix.com and his consulting agreement.
The lawsuit alleges that the goods and services provided under the agreements were not delivered and that there was intent to defraud WantedList amongst other things.
Through the development of the case one major find was that Ohanessian did not have the full rights to Xflix because it was in litigation in LA Superior Court against his former partner and brother in law Ghevont Tersakian. ''A lot of different things will be argued about this case from both sides, but the one thing we do know for sure that’s not arguable is the fact that he signed this deal indicating that this company was free and clear of lawsuits and then midway through the case we find out he was mired in a major lawsuit over the assets of the company. We would never have moved forward with this deal knowing what we know today,'' says Anh Tran co-founder of WantedList.
''We had high hopes for the both the relationship and the technology provided by Xflix, LLC. However, the assets and services failed us time and time again, which is why we had to move away from their platform and onto our own proprietary one,'' said Danny Ting co-founder of WantedList.
With this action, WantedList is seeking relief from damages caused by entering a false business relationship with Ohanessian.
WantedList.com is the world's premier adult DVD rental and Video on Demand service offering customers fast, reliable and discreet access to over 20,000 movie titles—the largest selection on the web. Dubbed the ''Netflix of Porn'' by Wired and Penthouse Magazine, WantedList's membership service puts an end to the hassle of video store rentals by offering a ''no late fees, no due dates, no shipping fees'' guarantee and the option to buy any movie the customer desires. WantedList's fun and engaging tools include consumer reviews, original editorials, new releases, performer pages and the infamous 'Pornotron' search tool. WantedList.com was founded by Anh Tran and Danny Ting, two educated first- generation Asian Americans who joined forces to create a presence in the competitive world of adult entertainment. The company has won back-to-back-to- back awards for 'Best Retail Website for Rentals' at the 2005, 2006 and 2007 AVN Awards. In 2007 the company also won Web Retailer of the Year Award at the 5th Annual XBIZ Awards.