ComTec International Inc. makes announcement.DENVER--(BUSINESS WIRE)--June 25, 1996--ComTec International Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : NTEM), formerly known as Nattem USA Inc., announced today that on April 30, 1996, Arapahoe County District Court Judge dismissed case No. 95 CV 1973, Div. 4, filed Oct. 16, 1995, by Local Service Corp. against the company and its subsidiary, Key Car Finance Co., and affiliate Keystone key·stone n. 1. Architecture The central wedge-shaped stone of an arch that locks its parts together. Also called headstone. 2. The central supporting element of a whole. Holding Corp. The court found no merit to this suit which requested a specific receiver be appointed to oversee the corporation's affairs. The corporation filed counter claims against Local Service Corp., Premier Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Phillips Energy and International Corporate Development. The corporation intends to seek damages against this group for their irresponsible ir·re·spon·si·ble adj. 1. Marked by a lack of responsibility: irresponsible accusations. 2. Lacking a sense of responsibility; unreliable or untrustworthy. 3. actions during the time that they attempted to seize control of the corporation. Since this action, the corporation has spent significant money, time and effort in an attempt to complete the financial statements, Form 10-KSB audit and Annual Report for year-end 1995. After hiring four in-house accountants and several support staff, management currently predicts that such financial statements will be completed and filed during the month of June 1996. For further information, contact Donald G. Mack, president, or Mitchell B. Chi, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , of ComTec International Inc. at 303/743-7983. CONTACT: ComTec International Inc., Denver Donald G. Mack or Mitchell B. Chi, 303/743-7983 |
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