American Building Control Awarded EUR 2.5 million Judgement in France.Business Editors LEWISVILLE, Texas--(BUSINESS WIRE)--Dec. 17, 2003 American Building Control, Inc. (Nasdaq:ABCX) announces that it has been awarded a EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.5 million (approximately $3 million) judgement in a lawsuit filed by the Company in France against Aasset Security. In addition to the EUR 2.5 million judgement, the Company was also awarded interest, certain expense reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. , and costs for the publication of the judgement in periodicals of its choice. The Company filed the lawsuit in 2000 against Aasset Security for unfair competition. The Company is represented by French counsel on a contingency contingency n. an event that might not occur. basis. The Company is working through the French judicial system to pursue the recovery of the judgement but is unsure of the timing of collection. Aasset Security through its attorneys has indicated its intention to appeal the immediate enforcement ruling, as well as to seek a general appeal. The appeal by Aasset Security could result in a lengthy process, during which the judgement could be over-turned in whole or in part. About American Building Control, Inc. With headquarters located in the Dallas suburb suburb, a community in an outlying section of a city or, more commonly, a nearby, politically separate municipality with social and economic ties to the central city. In the 20th cent. of Lewisville, Texas Lewisville is a city in Denton County and Dallas County, Texas (USA). As of the 2000 census the city had a total population of 77,737. With strong population growth continuing into the new millennium, the U.S. Census Bureau gives a 2006 population estimate of 94,589. , American Building Control Inc. (formerly Ultrak, Inc.) is a global leading provider of access control, consumer/do-it-yourself, industrial video product, mobile video-product, and alarm-management products as well as services. For more information on American Building Control please call 800-221-7225. Forward-Looking and Cautionary Statements Except for the historical information and discussions contained herein, certain statements included in this press release may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning 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. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. |
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