Strategic Asset Leasing Inc (LEAS)

[Chroma-Z]

At several points it was stated the lawsuit was a non-issue and would be thrown out as soon as the Judge reviewed the case documents.

Obviously that is not the case.

The lawsuit at least has some merit - the extent will be determined by the Jury on 2 April 2012 OR it will be settled prior to that date.

In terms of the 'iron clad evidence' and settlement - why wouldn't you want to settle? Why wait on a Judge/jury to decide a case if an agreement can be made ahead of time? Ultimately it is cheaper for both parties.

At this point it is obvious the lawsuit exists, MMTE and Liebs are fully aware of it and the hearing is scheduled for trial on 2 April 2012.

It would be very beneficial if the case can be settled sooner than that date.