SPO Networks Inc (SPOI)

[DTCSUX]

Under the terms of the settlement agreement, PwC will receive and shall assume an equity position in HTI with the receipt of a one-time issuance of fifteen million shares of HTI unrestricted common stock. Additionally, HTI will pay 1.1 million dollars in payments, with the final payment concluding on March 31, 2013. Highline Technical Innovations, Inc. (Formerly Systems Evolution, Inc.), shall be released from all further claims and liability by Plaintiffs in exchange for a release from HTI's counter claims and third party actions brought by HTI against Plaintiffs and third-party defendants N.I.R. Group, LLC and Corey Ribotsky. The ongoing action between HTI and the third party defendants, David Walters and Steven Humphries and their associated companies and affiliates, shall continue notwithstanding this settlement. The settling parties shall each bear their own attorney's fees and costs.

Read more here: http://www.heraldonline.com/2012/08/23/4208961/highline-technical-innovations.html#storylink=cpy