AccessTel, Inc. Addresses Shareholder Issue.Business Editors LOS ANGELES--(BUSINESS WIRE)--March 6, 2001 AccessTel, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ATEL), has been advised that Stuart Bockler, Chief Financial Officer, Secretary and a Director of the Company has executed a consent decree A settlement of a lawsuit or criminal case in which a person or company agrees to take specific actions without admitting fault or guilt for the situation that led to the lawsuit. A consent decree is a settlement that is contained in a court order. with the Securities and Exchange Commission. Mr. Bockler has indicated that the violations at issue in the consent decree were inadvertent on his part and of minor consequence. Mr. Bockler has further indicated to the Company that he entered into the consent decree for the purpose of avoiding further litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. with the Securities and Exchange Commission in this matter. At this juncture junc·ture n. The point, line, or surface of union of two parts. , the Company has taken the position that the violations set forth in the consent decree do not directly effect Mr. Bockler's duties as Chief Financial Officer, Secretary and a Director of AccessTel, Inc. Further evaluation of this matter will be undertaken by the Company's Board of Directors on an expedited basis. |
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