EGBT US: Lone Wolf Awarded 1 Million Dollar Plus Judgment fr
2001-08-27 12:30 (New York)
LONE WOLF ENERGY INC ("LWEI-L")
EAGLE CAPITAL INTERNATIONAL, LTD. ("EGBT-L")
- Lone Wolf Awarded 1 Million-Dollar- Plus Judgment from Eagle Capital
Lone Wolf Energy Inc. announced that a ruling and judgment in their
case against Eagle Capital International, Ltd. has been entered.
The ruling stated:
IT IS HEREBY ORDERED, ADJUDGED AND DECREED, that, on Plaintiff's
claims, Judgment is entered in favor of Plaintiff, Lone Wolf Energy,
Inc., and against the Defendant, Eagle Capital International, Ltd., in
the principal amount of $850,000.00, plus interest accrued and
accruing at the rate of $283.34 per day from and after November 1,
2000, plus past due accrued interest $8,500.00, plus damages for late
charges in the principal amount of $156,060.03.
IT IS FURTHER ORDERED, ADJUDGED AND DECREED, that, on Defendant's
counterclaims, Judgment is entered in favor of Plaintiff, Lone Wolf
Energy, Inc., and against the Defendant, Eagle Capital International,
Ltd.
Marc Newman, CEO of Lone Wolf Energy, stated: "We are extremely
pleased, but not surprised, about the outcome of the case. Lone Wolf
will now proceed with collection and believes it will collect the
entire amount due. Eagle Capital's financials that were filed with the
SEC on August 13, 2001, showed over six million dollars in cash as of
June 30, 2001." Eagle Capital's most current 10Q can be found at
www.sec.gov/Archives/edgar/data/947431/000094344001500197/000094344
0- 01-500197.txt. (Please note: Due to the length of this URL, it may
be necessary to copy and paste this hyperlink into your Internet
browser's URL address field).
Forward-Looking Statements
Statements about Lone Wolf's future expectations, including future
revenues, earnings and transactions, as well as all other statements
in the press release other than historical facts, are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Lone Wolf intends that such forward-looking
statements be subject to the safe harbors created thereby. Since these
statements involve risks and uncertainties and are subject to change
at any time, Lone Wolf's actual results and other corporate
developments could differ materially from that which has been
anticipated in such statements.
TEL: 877/276-2025 Marc Newman, Lone Wolf Energy Inc.
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-0- Aug/27/2001 16:30 GMT |
