Too funny, Royer stock mentioned in Remonds article involved Jim Bolt
"On October 27, 2000, an action styled Patricia A. Camp v. Aarow Environmental
Group, Inc., Utica Publishing Corporation, D. Fredrick Shefte, Sammy D. Yates
and Jim W. Bolt, Case No. CIV 2000-1135-4, was filed in the Circuit Court of
Washington County, Arkansas. Ms. Camp alleges that in or about 1995, she was a
50% partner with Jim Bolt operating under an oral partnership agreement as the
Arkansas Chronicle. In late 1996, Ms. Camp and Jim Bolt allegedly acquired from
Mr. Yates a business known as Copies Plus and operated and managed Copies Plus
as co-owners and participants in a joint enterprise. Furthermore, in 1999, Jim
Bolt and Sammy D. Yates allegedly merged or consolidated the"
On May 24, 2000, an action styled Broadband Wireless International Corporation,
f/k/a Black Giant Oil Company v. Ronald L. Baker, Aarow Environmental Group,
Inc. a/k/a aaro Broadband Wireless Communications Corporation and Getmore
Communications, Inc., Case No. CJ-2000-3816, was filed in the District Court of
Oklahoma County, Oklahoma. The plaintiffs were seeking to
o prohibit further conduct, statements or actions in anyway made to
appear as acts of Broadband,
o prohibit the continued conversion by Baker of Broadband's name,
accounts, property or business opportunities,
o damages exceeding $10,000 for conversion, fraud and negligent
misrepresentation from the defendants,
o punitive damages for conversion, fraud, and negligent
misrepresentation,
o interest, attorney fees and cost.
On July 14, 2000, an action styled Broadcom Wireless Communications, Corp., and
Black Giant Resources Corporation v. Ronald L. Baker, Arrow Environmental
Groups, Inc. a/k/a aaro Broadband Wireless Communications Corporation, and
GetMore Communications, Inc., Case No. CJ-2000-5129-63, was filed in the
District Court of Oklahoma County, Oklahoma. The plaintiffs were seeking to
receive actual damages exceeding $10,000, punitive damages, interest, attorney's
fees, and the costs of the action and such other and further relief that appears
just and proper.
Both of these cases were settled and approved by the court on October 16, 2000.
The effect of this settlement is reflected as Litigation/Settlement Payable and
Other Expense in the three months ended September 30, 2000. Per the settlement
agreement, we issued 3,000,000 common shares for the full and final settlement
of all claims. The reduction of the Litigation/Settlement Payable and the
recording of Common Stock and Paid in Capital will be recorded in October 2000,
when the settlement was consummated.
On October 27, 2000, an action styled Patricia A. Camp v. Aarow Environmental
Group, Inc., Utica Publishing Corporation, D. Fredrick Shefte, Sammy D. Yates
and Jim W. Bolt, Case No. CIV 2000-1135-4, was filed in the Circuit Court of
Washington County, Arkansas. Ms. Camp alleges that in or about 1995, she was a
50% partner with Jim Bolt operating under an oral partnership agreement as the
Arkansas Chronicle. In late 1996, Ms. Camp and Jim Bolt allegedly acquired from
Mr. Yates a business known as Copies Plus and operated and managed Copies Plus
as co-owners and participants in a joint enterprise. Furthermore, in 1999, Jim
Bolt and Sammy D. Yates allegedly merged or consolidated the
13
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Arkansas Chronicle and Copies Plus into a new entity called Utica Publishing
Corporation that on September 2, 1999, merged with Aarow Environmental Group,
Inc. In August 1999, Ms. Camp allegedly was approached by Jim Bolt to sign
Exhibit "A" of the Agreement for Purchase and Sale of Stock of Utica Publishing
to Aarow Environmental. Ms. Camp states that she did sign the agreement without
reading the complete document and she now claims that she did not receive the
proper amount of shares for her interest in Utica Publishing.
Because of the recent filing of this case, the Company is currently unable to
assess the merits of the claims made; however, we believe the merits to be
questionable. The Company is vigorously defending this case and intends to
pursue any claims that we may have against Ms. Camp.
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