Black Dragon Answers Suit.AUSTIN, Texas -- Black Dragon Resource Companies, Inc. (OTCPK: BDGR) has received service of the Fourth Amended Original Petition in Cause No. 200523020, filed in the 215th Judicial District Court for Harris County, Texas Harris County is a county located in the U.S. state of Texas within the Houston–Sugar Land–Baytown metropolitan area. As of 2000 U.S. Census, the county had a population of 3.4 million (though a 2006 estimate placed the population at nearly 3. naming the company as a defendant. The action which has previously named certain of the principals of Black Dragon was filed by OMDA OMDA O Melhor Dos Animes OMDA Operation Management and Development Agreement (India) OMDA Ontario Mirror Dinghy Association (Canada) OMDA Operations Maintenance and Development Agreement Oil & Gas Co. Inc. (OMOG), a public company. The complaint is based on a dispute of certain oil and gas properties. "The properties related to the complaint comprise less than 5% of the current properties owned by Black Dragon," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Richard Michael, President of Black Dragon. The Company denies the allegations made in the complaint and counsel advises management that the claims against it are without merit. The Company intends to vigorously defend the suit and will assert its own claims related to the matters concerned with 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. . About Black Dragon: Black Dragon Resource Companies, Inc. is oil and gas production company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields This list of oil fields includes major fields of the past and present. The list is incomplete; there are more than 40,000 oil and gas fields of all sizes in the world[1]. eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. where larger independent and major oil companies are not positioned to compete. Forward-Looking Statements Certain information discussed in this press release may constitute forward-looking statements within 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 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. |
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