EESO Progresses on Legal Issues and Moves Forward in 2010
30 1월 2010 - 7:18AM
Marketwired
Enzyme Environmental Solutions, Inc. (PINKSHEETS: EESO) is pleased
to announce that they have resolved the legal dispute with Belmont
Partners over the purchase price of their original shell for the
company. The civil case filed by Belmont will be dismissed and
there will be no future claims regarding the shell purchase.
President Mark Murphy states, "While we did not agree with the
claims of this suit regarding our original financial
responsibilities in this matter, we are glad to resolve this issue
and move on."
EESO continues to work on negotiations with the SEC regarding
their complaint of failure to register certain shares that were
sold in 2009. The attorneys from both parties are communicating
frequently, have discussed a specific resolution and it is
estimated that an agreement will be reached soon.
Legal negotiations are also continuing with Wow Green. The
original contract that was signed by the two companies remains in
effect. Wow Green has added another product line to their
portfolio, which is allowed by the agreement. However, Wow Green
will still be under contractual requirement to pay royalties on all
products moved through the Wow Green multi-level marketing system,
as outlined by the license agreement.
Business operations are continuing as normal at EESO. Product is
being manufactured and shipped to existing customers. New customer
development is progressing in Korea, South America and in the
domestic US. Current plans are to resolve remaining legal issues
and move forward to build the company's market share and increase
its overall strength and stability.
EESO has also become involved in the relief effort in Haiti. CEO
Jared Hochstedler escorted a orthopedic surgical team there last
week and will be returning home this weekend. Murphy is leaving
with another medical team today to relieve the first team.
Hochstedler has family and friends involved in ministry in Port Au
Prince and Murphy has been travelling to Haiti doing missions work
for over 10 years.
Contact: Mark Murphy murph@EnzymeEnvironmental.com
260-399-3837
Enzyme Environmental Sol... (CE) (USOTC:EESO)
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