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 : SMY - SAMSys Technologies Inc -- Ignore unavailable to you. Want to Upgrade?

To: Montana Wildhack who wrote (233)	11/18/2003 11:01:01 AM
From: Montana Wildhack	Read Replies (1) \| Respond to of 342

TORONTO, Nov. 18 /CNW/ - SAMSys Technologies Inc. (SMY:TSX-VEN) ("SAMSys"), an international provider of radio frequency identification (RFID) hardware solutions, today announced that it has reached an agreement with Supercom of California Limited to settle a case, which has been outstanding for almost four years, for $130,000 CAD. On February 1, 1999, Supercom of California Limited launched its lawsuit against SAMSys claiming $3 million in damages due to a breach of contract. Supercom alleged that SAMSys attempted to forego the trade obligations owed by Aegis Manufacturing Corporation, a former subsidiary of SAMSys, to Supercom, one of its trade creditors. "Supercom has accepted our payment and we are gratified to finally be able to put this lawsuit behind us," says Cliff Horwitz, Chairman and CEO of SAMSys. "We are a forward looking company and will continue our mandate to research and develop new products, increase sales, win marquee customers and be a leader in the RFID industry." SAMSys offers a selection of reader solutions including standard frequency-specific modules, custom-made application specific reader systems, and OEM modules to provide tailored solutions for a wide variety of supply chain management, logistics management, and tracking and fulfillment applications. In addition to providing reader solutions, SAMSys offers consulting services that focus on the front-end of the RFID implementation