Sector 10, Inc. (SECI)

[heathcburn]

Sector 10 litigation evolved from one trial to multiple trials with a future full of appellate procedures that could take years, all requiring a tremendous infusion of capital. Due to the overwhelming financial burden and legal obstacles presented, the Company, with the assistance of our legal teams/Counsel, determined that a settlement was the best option at this time. Our effort to seek a fair trial has failed, due in part to, and as evidence shows, various omissions and negligence of our prior counsel. Our pursuit of justice must take another form as Sector 10 is considering all available legal options going forward.