Flexpower Inc. (FLXP)

[PayDirt!]

Town Hall update.

09.10.07 Jack Chang Follow-up
Posted in Announcements at 12:27 am
by adol77dai51

Esprit will be pursuing appropriate legal action against Jack Chang in regards to his actions while head of Esprit’s Advanced Electronic Funds Management (AEFM) division.Specifically, we will be looking for compensation in regards to written commitments made to Esprit regarding the provision of Check 21 and prepaid Visa/Mastercard from third parties, as well as his actions in regards to the previously announced business deals with the Union Bank of Nigeria and provisioning of payroll services for cruise line employees.The Company will be removing him as an officer of Esprit at the earliest opportunity.At this point, Esprit will also contact the appropriate parties to evaluate Esprit’s legal standing with regards to the Union Bank of Nigeria and service providers associated with the cruise line payroll project.

It should be noted that the Company has repeatedly tried to contact Mr. Chang by phone, mail and e-mail. Mr. Chang has failed to respond to any of these communications in any fashion.