AlphaTrade.com Resolves Lawsuit.Business Editors VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography & FRANKFURT, Germany--(BUSINESS WIRE) --March 7, 2002 AlphaTrade.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :APTD APTD Aid to the Permanently and Totally Disabled APTD Army Personnel Transformation Directorate APTD Appointed )(FSE FSE 1. feline spongiform encephalopathy. 2. focal symmetrical encephalomalacia. :TDR TDR - time domain reflectometer WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) 529988), the world's first streaming, multi-lingual market data provider is announcing that the lawsuit filed by WebData Inc. against the company in 1999 has been amicably resolved. It was determined that AlphaTrade is the owner and operator of its computer technology including all the java applications, front end, middleware and backend, intellectual property and business plans. AlphaTrade.com has all the rights and titles as sole owner to all of their technologies. "The favorable resolution of this lawsuit allows the Company to advance their business and marketing strategies which had been seriously impeded waiting for the outcome of this lawsuit. The growth of the Company had been substantially impaired with this legal albatross causing the Company to lose many contracts, investments and other such monetary business transactions that would have propelled us to profitability much sooner. We feel confident as we move forward that this resolution will be positively reflected in new business opportunities for AlphaTrade. In addition, AlphaTrade anticipates that they will be able to attract new shareholders who previously would not invest in a Company whose main asset involving their technology was the subject of 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. ," states Penny Perfect, President of AlphaTrade.com. About AlphaTrade.com: AlphaTrade is an online provider of streaming stock information with applications designed for use by both professionals and novice investors and traders. Aptly named, E-Gate(TM), it is a multilingual electronic gateway to a Internet based stock quote system that includes quotes, news, intraday and historical charts, most active, and more. E-Gate(TM) is state of the art and designed to provide investors access to real time financial information at less cost and greater convenience than any other product on the market today. Subscribers do not need to purchase, lease or download any software. All of the financial applications are available via the Internet for a low monthly subscription price. Visit us on-line at www.alphatrade.com or www.alphatrade-europe.de SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. STATEMENT: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion