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.

Technology Stocks : Thermo Tech Technologies (TTRIF) -- Ignore unavailable to you. Want to Upgrade?

To: Ross Mickey who wrote (4433)	7/13/1998 10:23:00 PM
From: MY OPINION	Respond to of 6467

NEWS RELEASE THERMO TECH COMPANIES FOUND GUILTY OF CONTEMPT OF COURT Mr. Stan Lis, the President, Chief Executive Officer and a Director of the Company, reports as follows: The Board of Directors are pleased to announce that the Company has been fully successful in its application in the Supreme Court to have Thermo Tech Technologies Inc. ("Thermo Tech") found guilty of wilful contempt of Court and punished. In reasons for judgment handed down on Friday, July 10,1998, the Honourable Mr. Justice Cohen found Thermo Tech to be in contempt of Court and rejected the arguments advanced by Thermo Tech that they had fully complied with this Lordship's earlier order requiring delivery up of all standard certified engineering specifications, including drawings, regarding thermophilic plants to the Company. His Lordship noted that Thermo Tech had resisted delivery of the materials sought by the Company by raising different defences and positions, which defences and positions have now all been rejected by the Court. Mr. Justice Cohen found that the evidence was overwhelmingly conclusive and that, beyond a reasonable doubt, Thermo Tech was in contempt and should be subjected to a substantial fine as punishment. His Lordship imposed a fine of $25,000.00 against each Thermo Tech companies with payment suspended for a period of one week on the condition that within that time Thermo Tech comply with the original order. In addition, the Company was awarded special costs against Thermo Tech. Coming so soon after the Polish Court's rejection of the claims of Thermo Tech, the Company is extremely pleased by this further very strong judgment in its favour from the Supreme Court of British Columbia. The Board of Directors sincerely hope that Thermo Tech will now comply fully and in good faith with their obligations under the Order of January 20, 1998 and that the Company will now receive without further delay all of the engineering specifications and drawings referred to the Court's rulings. The Company will shortly issue a copy in full of the judgement of the Court and advise further on developments arising therefrom ON BEHALF OF THE BOARD OF DIRECTORS OF TROOPER TECHNOLOGIES INC. Stan Lis - Pres. Trooper Technologies Trooper Technologies, Vancouver trooper@troopertech.com ========================================================================= ADMINISTRATION \| Email Computer & Web Support to: TROOPER TECHNOLOGIES \| root@fire.troopertech.com Vancouver Canada \| Email General Enquiries to: trooper.com \| trooper@fire.troopertech.com