Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : DEGA positioned to be a major player in internet auto part -- Ignore unavailable to you. Want to Upgrade?

To: Grandk who wrote (79)	8/4/1999 2:55:00 PM
From: M. Carver	Respond to of 85

News out from Dega on lawsuit with Spectre (sounds like the judge is very unhappy with Spectre!) PR NewsWire Dega Issues Statement -------------------------------------------------------------------------------- SAN LUIS OBISPO, Calif., Aug. 4 /PRNewswire/ -- Dega Technology, Inc. (OTC Bulletin Board: DEGA) reports that on Thursday, July 29th, 1999 Judge Bruce J. Dowds, of the Santa Barbara County Superior Court, denied the application by Spectre Industries (OTC Bulletin Board: STND) for a writ of possession on property owned by Dega. Judge Dowds indicated that the actions taken by Spectre were inappropriate and not proper as filed. Judge Dowds stated that he had serious reservations about the actions being in the correct forum and that it was clear much more was at stake than an attempted simple seizure of assets by Spectre. The judge went on to state that he found particularly troubling the fact that Spectre's position was supported primarily by the declaration of a person who previously worked for Dega but is now an agent of Spectre. Judge Dowds encouraged the parties to settle the matter out of court. Dega is at the forefront of applying leading-edge technologies to useful business solutions. Dega is the developer of DegaSource, a unique cataloguing and e-commerce solution for the automotive parts industry. Dega is also the creator of CD-ROM based catalogues for Ford, General Motors and Honda. SOURCE Dega Technology, Inc. -0- 08/04/99 /CONTACT: Robert Susnar, Chairman of the Board of Dega Technology, Inc., 805-546-0444/ /Web site: dega.com (DEGA STND) CO: Dega Technology, Inc.; Spectre Industries

To: Grandk who wrote (79)	8/12/1999 11:23:00 AM
From: M. Carver	Read Replies (1) \| Respond to of 85

PRESS RELEASE TODAY!!!! More to come!!! SAN LUIS OBISPO, Calif., Aug. 12 /PRNewswire/ -- Dega Technology, Inc.(OTC Bulletin Board: DEGA) today reported that an out-of-court settlement hasbeen reached with Spectre Industries, Inc. (OTC Bulletin Board: STND). Degahas paid the agreed sum of $160,000 for interest and the $150,000 promissorynote surreptitiously acquired by Spectre in May of this year. Dega's Chairman of the Board Robert R. Susnar stated "The merit of Dega'slegal position and our actions has been upheld. You will recall that Spectrewas attempting to circumvent the shareholder's decision not to merge. Thiscircumvention was in the form of an attempted seizure of Dega's intellectualproperty through scurrilous means. It was always Dega's intention to pay thisnote, and now this settlement allows Dega to remain focused on the productdevelopment and launch of DegaSource." Dega is the developer of DegaSource, a unique cataloguing and e-commercesearch engine for parts identification and procurement. In addition,DegaSource will integrate with back office systems for real-time parts availability from suppliers and encourage business-to-business commerce throughout the supply chain. Dega is dedicated to creating innovative supply chain solutions for the$172 Billion automotive aftermarket and then proceeding to other partsintensive and data reliant industries.SOURCE Dega Technology, Inc. -0- 08/12/99 /CONTACT: Dawn Legg, VP-Corporate Relations of Dega Technology, Inc.,805-546-0444, ext. 161/ /Web site: dega.com (DEGA STND)CO: Dega Technology, Inc.; Spectre Industries, Inc.ST: CaliforniaIN: AUT FIN CPRSU: LAWGW-PQ -- LATH006 --7214 08/12/99 07:00 EDT prnewswire.com