Gen 2 Technologies Inc (MNIZ)

[bdvest]

https://www.otcmarkets.com/stock/BRKK/news/story?e&id=1314760

HENDERSON, Nevada, March 21, 2019 /PRNewswire/ -- BRK, Inc. (the "Company") (OTC: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."