AHT Corporation Announces TRO Converted to Preliminary Injunction.TARRYTOWN, NY--(BUSINESS WIRE)--May 14, 1999-- AHT AHT Animal Health Trust (Suffolk, England) AHT American Hairless Terrier (dog breed) AHT After Hours Trading AHT Animal Health Technician AHT Anchor Handling Tug Corporation (Nasdaq: AHTC AHTC Akademischer Hockey Und Tennis Club ) announced today that a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Supreme Court Justice for the County of Westchester denied the Company's motion to dismiss the September 16, 1998 complaint brought by Bukstel & Halfpenny, Inc. (BHI BHI Baker Hughes Incorporated BHI Brain Heart Infusion (agar) BHI Better Hearing Institute BHI British Horological Institute (UK) BHI Boots Healthcare International BHI Branch If Higher ) and entered a preliminary injunction in substantially the same form and scope of the temporary restraining order temporary restraining order: see injunction. (TRO TRO - tail recursion optimisation ) it entered on October 30, 1998. The Court, however, denied BHI's motion for expedited discovery. Commenting on the Court's decision, Jon Edelson, MD, Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President, stated, "We disagree with the Court's denial of our motion to dismiss the BHI action as well as its entry of a preliminary injunction. We believe that BHI's complaint is without merit and we plan to file an appeal. The Court's ruling in no way impacts our customers' ability to choose Dr. Chart(R) as their solution. AHT can and will continue to enter into new contracts regarding the Company's Dr. Chart(R) product. Furthermore, this ruling does not affect our ability to service existing and future customers." AHT Corporation (Nasdaq: AHTC) participates in the growing healthcare e-commerce market. The Company provides information technology enabling the electronic management of laboratory and prescription transactions. AHT's goal is to be a leading provider of Internet-based clinical e-commerce among physicians and healthcare organizations. For more information, please visit AHT's website at www.ahtech.com. (Effective February 1, 1999, Advanced Health Corporation changed the name under which it is conducting business to AHT Corporation and changed its Nasdaq stock symbol from ADVH to AHTC.) This press release contains forward-looking information regarding AHT Corporation. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth may be significantly impacted by certain risks and uncertainties, including, but not limited to, failure of the clinical e-commerce industry to develop at anticipated rates, failure of the Company's clinical information technology products and services to gain significant market acceptance, competition and other economic factors. No assurances can be given as to the outcome of any pending lawsuits involving AHT. These forward-looking statements speak only as of the date hereof, and the Company disclaims any intention or obligation to update these forward-looking statements in the future. Additional risks and uncertainties are described in AHT's public filings with the Securities and Exchange Commission. |
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