Bristol Retail Solutions, Inc. Announces It Has Reached a Settlement With Class Action Plaintiffs: Lincoln Adair, Antique Prints, Ltd. and Martha Seamans.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--June 24, 1999-- Bristol Retail Solutions, Inc. (Nasdaq:BRTLC) (Nasdaq:BRTLWC), announced that Bristol Retail Solutions, Inc. ("Bristol") and the class action plaintiffs: Lincoln Adair, Antique Prints, Ltd., and Martha Seamans have filed with the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. , Southern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (the "Court") a stipulation to settle the class action complaint against Bristol and certain Directors. The Court has ordered that a fairness hearing will be held on Sept. 15, 1999, whereby the Court will consider approving the final terms and conditions of this proposed settlement. "The Company is pleased that we have reached this settlement with the plaintiffs," said Michael S. Shimada, Bristol's Chief Financial Officer. "With this particular matter behind the Company, Bristol's new management can continue with its efforts to build a successful, growing enterprise." Bristol Retail Solutions, Inc., headquartered in Newport Beach, Calif., provides retail automation products and services through an expanding network of point-of-sale businesses. In conjunction with the provisions of the new "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. " section 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, this press release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectations. Further information on potential factors which could affect Bristol Retail Solutions, Inc. are included in the Company's 10KSB KSB Kogod School of Business (American University) KSB Kelley School of Business (Indiana University) KSB Kantonsschule Am Brühl St. filed with the Securities and Exchange Commission. |
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