American Vantage Companies Announces Complaint Filed by Genius Products, Inc.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- American Vantage Companies ("AVCS AVCS Advanced Vehicle Control System AVCS Advanced Vidicon Camera System AVCS Automatic Vehicle Control Systems AVCS Active Vibration Control System AVCS Attitude and Velocity Control Subsystem AVCS Air Vehicle Control System AVCS Active Valve Control System " or the "Company")(OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AVCS) today announced that it has been served with a complaint filed by Genius Products, Inc. ("Plaintiff") for Damages and Equitable Relief ("Complaint"). The Plaintiff asserts that the Company made certain misrepresentations in connection with a Merger Agreement entered into on March 21, 2005. These claims were the subject of a notice from counsel for the Plaintiffs on May 25, 2006, which the Company has previously disclosed. The Complaint seeks damages in accordance with proof in a minimum amount of $2,400,000 exclusive of prejudgment pre·judge tr.v. pre·judged, pre·judg·ing, pre·judg·es To judge beforehand without possessing adequate evidence. pre·judg interest, costs and reasonable attorneys' fees. The Company intends to fully and vigorously defend against such action. |
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