Catch the Wind Announces Filing of Complaint Against Philip Rogers, Alisa Rogers, Elizabeth Dakin, Falcon Fifty, LLC and Trista
14 2월 2012 - 9:10PM
PR Newswire (Canada)
CHANTILLY, VA, Feb. 14, 2012 /CNW/ - Catch the Wind Ltd. ,
providers of optical turbine control systems (OTCS), announced
today that it, together with its wholly-owned operating subsidiary
Catch the Wind, Inc. ("CTW Virginia"), has filed a complaint in the
Circuit Court for Prince William County, Virginia, against Philip
L. Rogers (former President, Chief Executive Officer and Chairman
of the Board of Catch the Wind and a former director of CTW
Virginia), his wife Alisa Rogers (former director of Catch the Wind
and a former director and Vice President of CTW Virginia) and their
daughter, Elizabeth Dakin (a former director, Secretary and
Treasurer of CTW Virginia), as well as Falcon Fifty, LLC and
Tristar Aviation, LLC (entities owned and controlled by Philip and
Alisa Rogers). Catch the Wind is seeking damages in the amount of
$18.6 million plus the costs of the action, and the rescission of
the Falcon 50 aircraft purchase transaction. About Catch the Wind
Ltd. Catch the Wind Ltd. is a high-growth technology company
headquartered in Chantilly, Virginia. The company was founded in
2008 to develop and manufacture the Vindicator(®) optical turbine
control system. Catch the Wind markets optical wind sensor systems,
recognized as the "gold standard" in wind measurement. The Company
is focused on becoming a major contributor in making clean,
renewable wind energy more affordable and profitable. For more
information, visit www.catchthewindinc.com or follow us on Twitter
at www.twitter.com/CatchTheWindInc. Forward-Looking Information
This news release includes certain forward-looking statements
within the meaning of Canadian securities laws. Forward-looking
statements involve risks, uncertainties and other factors that
could cause actual results, performance, prospects and
opportunities to differ materially from those expressed in such
forward-looking statements. Forward-looking statements in this news
release, include, but are not limited to, economic performance and
future plans and objectives of Catch the Wind. Any number of
important factors could cause actual results to differ materially
from these forward-looking statements as well as future results.
Although Catch the Wind believes that the assumptions and factors
used in making the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply
as of the date of this news release, and no assurance can be given
that such events will occur in the disclosed timeframes or at all.
Catch the Wind disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. Catch
the Wind Ltd. CONTACT: Catch the Wind Ltd.Claudia Jaques Vice
President and General Counsel703-956-6554
cjaques@catchthewindinc.comTMX EquicomPhilip DaleInvestor
Relations416-815-0700 ext. 253pdale@equicomgroup.com
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