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Post# of 96879
Item 8. Legal Proceedings.
As of the date of this Form 10 Registration Filing, the Company was not involved in any legal proceedings. Over the past five years, the Company has been involved in a variety of lawsuits and disputes, all of which have been fully adjudicated and are now subject to performing settlement agreements, full resolution or pending negotiations.
As Plaintiff, the Company has engaged the services of attorney George B. Morton, Esq., to file a lawsuit for damages against a known individual and his accomplices who have been aggressively attacking the Company’s stock, reputation and management with knowingly false and malicious statements and acts of interference (including a sabotage of the Company’s relationship with a previously designated auditing firm and direct interference with several programming supplier partners). Details of this lawsuit, which is expected to be filed during February, 2015 – and which is expected to seek damages of $10-million or more on behalf of the Company, officers and shareholders – will be disclosed in a separate Form 8 information statement filing.