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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pozzi Milano Spa | BIT:POZ | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.004 | 0.62% | 0.652 | 0.632 | 0.654 | 0.652 | 0.652 | 0.652 | 1,250 | 11:58:36 |
Poly-Pacific International Inc. ("Poly-Pacific" or the "Company") (TSX VENTURE:PMB)(OTCBB:PLYPF)(BERLIN:A0LGDN)(FRANKFURT:POZ) is pleased to announce that the United States District Court Northern District of Ohio Eastern Division has dismissed the legal action filed against Poly-Pacific by the Relator / Qui Tam Plaintiff Raymond F. Williams (the "Relator"). The legal action was previously announced on August 27, 2008 by the Company. Poly-Pacific's Motion to Dismiss was granted by the United States District Court on October 6, 2008 in its entirety, on a "with prejudice" basis, meaning that the case cannot be re-filed in any other United States jurisdiction. "This outcome was completely consistent with our expectations, given our belief from the outset that the complaint was totally without merit," stated Mr. Randy Hayward, President. "The Company can now completely focus all of its attention and resources on negotiating the rights to reclaim the numerous landfill sites it has identified in the United States." The Company further wishes to report that it has retained a major environmental engineering firm in the United States as well as additional consultants with expertise in the environment and fiber recycling. Poly-Pacific is an innovator in eco-friendly solutions to Industrial Waste by-products. We are actively and successfully pursuing the reclamation of industrial polymers throughout the world. The significance and importance of recycling and reclaiming industrial waste has become an important global issue. At Poly-Pacific, we are focused on benefiting our planet by exploring and pursuing new environmentally sound methods and technologies in recycling, while creating significant value for our shareholders as the leading company in the reclamation sector. This release may contain forward looking statements within the meaning of the "safe harbor" provisions of US laws. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. Poly-Pacific does not assume any obligation to update any forward looking information contained in this news release. For further information please register for our newsletter to receive news, updates and background information on a regular basis, visit www.poly-pacific.com or see below contact information.
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