Dismissal of Action Against Integral Technologies, Inc. NextAntenna.com, Inc., Emergent Technologies Corporation, and Jack Parsons.Business/High-Tech Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 26, 2001 IAS Communications, Inc. (the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IASCA IASCA International Auto Sound Challenge Association ) wishes to announce that by court order of the U.S. District Court for the Northern District of West Virginia the civil action between IAS against Integral Technologies, Inc. has been dismissed. The civil action against Integral Technologies, Inc., NextAntenna.com, Inc., Emergent Technologies Corporation, and Jack Parsons commenced in the U.S. District Court for the Northern District of West Virginia on the 15th day of May 2000 alleging breach of contract, misappropriation misappropriation n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any of trade secrets, interference with economic relations, and breach of fiduciary duty. The basis for the civil action was that IAS is the exclusive commercial sublicensee of certain proprietary antenna technology developed by West Virginia University West Virginia University, mainly at Morgantown; coeducational; land-grant and state supported; est. and opened 1867 as an agricultural college, renamed 1868. , including any improvements, modifications or enhancements thereto (the "Technology"). IAS established a joint venture with Emergent Technologies Corporation, exclusive military sublicensee of the Technology, to develop antennas based on the Technology. Integral Technologies, Inc., subsequently acquired Emergent, and announced it was selling antennas to the commercial market through its wholly-owned subsidiary, NextAntennas.com, Inc. Jack Parsons has been the president of Emergent and a director of Integral. IAS believed that the defendants were selling antennas in contravention of their obligations under the sublicense agreements and otherwise, and in violation of IAS' exclusive rights. Jim Vandeberg, CFO See Chief Financial Officer. of IAS Communications, Inc., states, "I am pleased this action is now dismissed because of the horrendous cost of legal fees trying to pursue this matter." John Robertson, President of IAS Communications, Inc., states, "IAS Communications, Inc. can now focus on its CTHA CTHA Chemical Tariff Harmonization Agreement CTHA Canadian Table Hockey Association (Canada) CTHA Center for Theory and History of Architecture CTHA Contrawound Torodial Helical Antenna (also seen as CWTHA) technology and pursue additional acquisitions. About IAS Communications, Inc. IAS Communications, Inc. has been developing and testing the low profile antenna technology for several wireless applications. This unique low profile antenna design can be miniaturized as small as a postage stamp and can be incorporated into several applications including, scanners (both base and hand held), AM/FM AM/FM Amplitude Modulation / Frequency Modulation AM/FM Auto-Mapping/Facilities Management radios, CB and amateur hand-held radios, marine applications, laptop computers, GPS applications, for LAN's and PCMCIA (Personal Computer Memory Card International Association, San Jose, CA, www.pcmcia.org) An international standards body and trade association that was founded in 1989 to establish a standard for connecting peripherals to portable computers. PCMCIA created the PC Card. See PC Card. applications and for the Bluetooth applications. Interested parties can find more about IAS Communications, Inc. on the Company's web site at www.iascom.com. |
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