OCI International Holdings Ltd. (DGTLF)

[ecig observer]

Settlement discussions disclosed in recent court filings.

Discovery schedules filed in the two patent infringement cases have disclosed that Dragonite is in settlement discussions with BLEC (Blu Cig) and Magic Puffer. Many observers believe that Dragonite's most effective way to tap into US market in near term is to align itself with large, successful US-based importer/marketer with established distribution and retail channels. Earlier filings also disclosed that there have been discussions with NJOY, but these appear to have been ended. NJOY and BLEC are among the largest and most successful US based e-cig importers/marketers.