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POZ Pozzi Milano Spa

0.652
0.004 (0.62%)
Last Updated: 11:58:36
Delayed by 15 minutes
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

United States District Court Dismisses Legal Action Against Poly-Pacific

08/10/2008 6:32am

Marketwired Canada


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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