DreamStudios, I have no idea who you are but if you wish to draw attention to yourself and your company, be careful what you wish for.
You complain about a competitor overselling when you are obviously badly overselling yourself.

You offer 500gb transfer/month for $59.95 -15% for a new sign up, and you talk about someone else overselling? That comes out to roughly $51.00/month.
Since you appear to be with RackShack I'll give you the benifit of the doubt and say you are leasing the Unmetered 10mbps server. At $51.00 per account you could sell 6 500gb accounts for $306.00. Since RackShack (EV1) charge $349.00+ tax for that server I would suggest that you are indeed guilty of overselling.

You claim to have 99.998% uptime on your site. Do you have proof of this? How long of a period does this cover?

You misrepresent you server status by posting a gif image on your front page showing all services green.

You should think twice about making this type of post. Especially since it is your first.