VANCOUVER, B.C.--(BUSINESS WIRE)--May 9, 2000--Safe Environment Engineering Canada Inc. (CDNX:SFU. - news; OTCBB:SFEEF - news)
announces that it has responded to an action commenced against the company in the Supreme Court of British Columbia.
The Plaintiff, a personal management corporation of a former company officer, filed a claim against the company, claiming damages including debt in the amount of
$400,000. The company has filed a Statement of Defense and a Counterclaim, including general damages, and specific damages in the amount of $1,000,000.
Based on information currently available, management believes the cause of action against Safe Environment Engineering Canada Inc. to be without merit.
All statements contained in this or any other press release of Safe Environment Engineering, or in any document filed by the Company with the Canadian Venture
Exchange, or in any other written or oral communication by or on behalf of the Company, that do not directly and exclusively relate to historical facts, constitute
``forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Report Act of 1995. These statements represent the Company's
expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved.
This press release may contain forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook for the
company's business and results of operations. There are a number of factors that could cause actual results to differ materially from those indicated. Such factors
include, without limitation, the various factors set forth in the Company's annual report or its Annual Information Form filed with Canadian Securities Commissions,
which important factors are included here by reference.
The CDNX has neither approved nor disapproved of the contents of this news release.
Contact:
Safe Environment Engineering Canada Inc.
W. T. (Tom) Styffe, 604/266-9910 or 800/661-0091
Fax: 604/266-5000
E-mail: safeenv@direct.ca
Website: www.safeenv.com |
