CLEARLINK'TM' Reports Details of Settlement.

MISSISSAUGA, Ontario For the First Nation, see .

Mississauga (pronounced: [ˌmɪsɪˈsɑgə] listen (helpinfo) -- CLEARLINK Capital Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension :CNK CNK Crash Nitro Kart (Playstation 2 video game)
CNK Coated Natural Kraft (MeadWestvaco paperboard)
CNK Compute Node Kernel
CNK Cryptonet Key ) announced today that, on Friday July 29, 2005, it settled unconditionally its 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. with the City of Windsor and The County of Essex regarding the regional landfill. Under the settlement, the Corporation contributed approximately $14 million in cash and extinguished certain contractual claims it had for approximately $5 million.

In addition, the majority of the dollar exposure on the equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits

Control secondary market, offer the ability to up-grade and trade-in.
Converts cash buyers of small machines to larger, more expensive purchases.

disputes with the City of Windsor has been settled unconditionally with CLEARLINK making a $7 million payment to the City. The parties have also agreed to a further mediation and arbitration process to settle the relatively smaller claims in the remaining leases.

The Corporation believes it has now achieved substantial resolution of this $300 million litigation matter, (other than the remaining leases) that had significantly impaired its business conduct over the past several years. Of further importance, this matter has been settled within the financial reserves established by the Corporation in its Fiscal 2005 financial statements.

CLEARLINK Capital Corporation is a provider of innovative financial solutions in technology and equipment leasing, and equipment trading. Based in Mississauga, Ontario, CLEARLINK operates throughout North America and Europe.

CLEARLINK(TM) is a trademark of CLEARLINK Capital Corporation.

CLEARLINK Capital Corporation (TSX:CNK)

COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Publication:	Business Wire
Geographic Code:	1CANA
Date:	Aug 2, 2005
Words:	207
Previous Article:	Little Bear Investments LLC Participates in ImageWare Systems, Inc. $3.6 Million Private Placement.
Next Article:	FFC Capital Corporation Joint Ventures with Waterford Hospitality Group.

Related Articles
VOTERS WILL GET REPORT ON MEASURE O IMPACT.
COUNTY LABOR SETTLEMENT LIKELY BOTH SIDES REPORT PROGRESS, BUT DETAILS REMAIN.
SEC DRAFTS PENALTY IN NASDAQ PROBE.
LOCKHEED RETAINING HALF OF SETTLEMENT.
ARABS-ISRAEL - June 3 - Sharon 'Ready' To Evacuate 17 West Bank Settlements.
LAPD SETTLES SUITS FOR $5.9 MILLION.
National MECA nears completion as Christmas approaches.
Taxation of Damage Awards and Settlement Payments.