Cosmo, ERGBE lawsuit thrown out of court.
Wednesday August 12, 4:35 pm Eastern Time
Company Press Release
SOURCE: Neutral Posture Ergonomics, Inc.
Federal Court Dismisses Lawsuit
Filed By Ergobilt, Inc. Against
Neutral Posture Ergonomics, Inc.
BRYAN, Texas, Aug. 12 /PRNewswire/ -- On August 10, 1998, the United States District Court for the Northern District of Texas dismissed without prejudice the Ergobilt, Inc. (Nasdaq: ERGBE - news)
suit against Neutral Posture Ergonomics, Inc. (Nasdaq: NTRL - news; the ''Company'') in which it alleged that the Company published false and misleading information about Ergobilt, Inc. The Company
had filed a counterclaim against Ergobilt, Inc., and its wholly-owned subsidiary Bodybilt, Inc., alleging, among other things, abuse of process and patent infringement. As part of its ruling, the court dismissed the Company's claims alleging abuse of process; however, the patent infringement claim and several other counterclaims remain.
Commenting on the court's dismissal, Rebecca Boenigk, Chairman and CEO said, ''We feel very positive about our position in the litigation with Ergobilt/Bodybilt and are pleased with the court's ruling
in the Company's favor.''
Neutral Posture Ergonomics, Inc. manufactures, markets and distributes ergonomic seating and other ergonomic products. Neutral Posture Ergonomics, Inc. common stock is listed on the Nasdaq National
Market under the symbol NTRL.
This press release may include certain statements that may be deemed to be ''forward-looking'' within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as
amended. There are certain important factors which could cause actual results to differ materially from those anticipated by the forward-looking statements. Certain of the important factors which could cause actual results to differ materially from those in the forward-looking statements include, among other things, changes from anticipated levels of sales, the ability to integrate acquired product lines and related businesses, future national or regional economic and competitive conditions, changes in relationships with customers, customer acceptance of existing and new products, pricing pressures due to excess capacity, raw material cost increases, change of tax rates, change of interest rates, declining conditions in the industry, validity of patents, availability of key component parts, casualty to or other disruption of the Company's production facility and equipment, delays and disruptions in the shipment of
the Company's products and other factors that generally affect business.
SOURCE: Neutral Posture Ergonomics, Inc.
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