American Scientific Resources (ASFX)

[rkdn]

me neither... i never really read the fine print, but here's an update, sort of, from the email sent by td ameritrade today:

"On July 7, 2008, American Scientific Resources and Kidz-Med filed suit against Tecnimed in the United States
District Court Southern District of New York, the supplier of the Thermofocus® 5-in-1 thermometer for breach of
contract and tortious interference. The company was seeking $3 million in damages. This matter was resolved on
March 6, 2009, in an out-of-court settlement. The parties agreed to split any future payments from Walgreens and
BabiesRUs until the debt owed to Tecnimed is satisfied. Kidz-Med lost its exclusivity in the retail sector as a
result of this settlement. However, the company has already identified other suppliers of non-contact
thermometers as it pursues a growth strategy in this area.
On August 18, 2008, Kidz-Med, Inc., American Scientific Resources, Inc. and Tecnimed, S.R.L. were served with
a patent infringement suit filed in United States District Court District of Massachusetts by Exergen Corporation.
Management believes this suit does not have merit and is vigorously defending the same."


it's part of the proxy document