4 news this year and there all great news. no fluff news here. no weekly fluff here my friend. $BRKK
BRK, Inc. Enters Settlement Agreement With Auctus Fund, LLC and Sets Collection Procedure for $2.4 Million Judgment With a Share Buyback Plan
HENDERSON, Nevada, March 21, 2019 /PRNewswire/ -- BRK, Inc. (the "Company") (BRKK) is pleased to announce they have executed a Settlement Agreement with Auctus Fund, LLC to retire their outstanding convertible debt and release the Company of a $700,000 judgment against it for $185,000. BRK expects the General Release of All Claims executed by both parties to be filed in court later this month. A further announcement will be made once completed. In addition, the Company's legal team is pursuing enforcement procedures to begin collecting on BRK's $2.4 Million judgment against iSee Automation and are applying to have the judgment enforced in Canada as well.
These preparations also include additional court proceedings, to continue with the protection and enforcement of BRK's valuable intellectual property rights. These proceedings will include claims in Canada and the United States against both corporate and individual defendants in their personal capacity. It is BRK's position that the ongoing continued infringement of its valuable rights has been done with full knowledge and intent, including the establishment of new companies created with full knowledge and solely for the purpose of pursuing these unlawful and infringing activities. Daniel Serruya CEO BRK, Inc. commented, "Management is excited to have the Company's largest debt holder off the balance sheet as we move forward with growing the Company. Our first priority was to defend our Intellectual Property then clean the balance sheet of the toxic debt put in place by previous management. With close to $1 million of debt removed from the balance sheet since January, mostly consisting of the highly dilutive toxic debt, it has allowed management to concentrate on developing partnerships and business relationships to begin generating top line revenue."
Mr. Serruya continued, "With the successful lawsuit and $2.4 Million judgment, management would like to announce a plan to use 50% of the judgment proceeds to buyback shares of the Company in the open market. Management feels the shareholders should also benefit in a more direct manner for their continued support of BRK, Inc. In addition, if the Company is successful in any other lawsuits or settlements for IP infringement, management will apply the same standard to any further judgments."
BRK, Inc. Wins $2,474,156.62 Judgment in Civil Case
HENDERSON, Nevada, Feb 28, 2019 /PRNewswire/ -- BRK, Inc. (OTC PINK: BRKK) is pleased to announce on February 25, 2019 the Company was awarded a $2,474,156.62 judgment against iSee Automation, Inc. for breach of contract with respect to the Company's intellectual property related to RefCam. Management views this decision as a major milestone for the Company's future now having precedence and judgments on its side.
Daniel Serruya, President & CEO of BRK, Inc. commented, "BRK, Inc. will use this decision and judgment to strengthen the Company's position to negotiate settlements from other entities currently infringing on our intellectual properties. We will take the initial approach to win a customer and recurring revenue rather than litigation, but if our efforts are unsuccessful the Company will vigorously defend its intellectual properties." Mr. Serruya added, "With the case behind us, the Company is positioning for significant growth by continuing its efforts to remove creditors from its balance sheet, developing new applications for its technology and gaining customer traction for future revenue generation, which will make for a compelling story for current and future investors."
BRK, Inc. Returns 185,842,723 Common Shares Back to Treasury
HENDERSON, Nevada, Feb. 19, 2019 /PRNewswire/ -- BRK, Inc. (OTC PINK: BRKK) is pleased to announce the final transaction numbers for the completed 3a10 with Continuation Capital are as follows:
Total debt and payables retired $169,631.28
Total shares reserved for transaction 300,000,000
Total shares issued for transaction 114,157,277
Total Shares returned to treasury 185,842,723
BRK announces the completion of the 3a10 with Continuation Capital, which has permitted management to pay off a mix of notes and professional service invoices. Daniel Serruya, President, CEO of BRK, Inc. commented, "this transaction allowed management to kick off its efforts toward restructuring the company. Next steps include removing larger creditors form the balance sheet while moving our technology forward and creating a number of new, profitable applications."
BRK's legal team is anticipating being able to file its declaration of damages against iSee Automation Inc. with the courts later this week. A further announcement will be made once the damages have been approved. BRK's Intellectual Property is the cornerstone of its shareholder's value and will be defended over all distribution channels.
BRK, Inc. Completes Transaction With Continuation Capital, Inc.
HENDERSON, Nevada, January 15, 2019 /PRNewswire/ --
BRK, Inc. (BRKK) announced today that it has completed a transaction with Continuation Capital Inc.
"I am pleased to announce that the transaction is complete, and that Continuation Capital Inc. has paid all of the debts submitted in our 3a10. We anticipate issuing approximately 104 million shares in exchange for the debt they held. The remainder of the 300 million shares that have been previously reserved, will be released back to the Company and will not be issued," said Daniel Serruya, President, CEO of BRK Inc.
The debts were a mix of some convertible notes and professional service invoices. These invoices consisted of some legal expenses derived from BRKK's successful lawsuit ruling against iSee Automation, Inc. on March, 27, 2018 and some accounting invoices that will permit BRKK to once again file with OTC Markets in the near future.
