CurAegis Technologies Inc (fka CRGS)

[dyna]

zendo -Here is their website:
http://www.cxoonthego.com/cxo_pr_10052005.html


Statement By CXO On the GO of Delaware, LLC
October 5, 2005

ROCHESTER, NY (October 5, 2005) — The lawsuit described in Torvec’s 8-K filing of October 4, 2005, is the latest desperate attempt by Torvec and its majority shareholders, James Gleasman and Keith Gleasman, to renounce contracts that the Gleasmans, along with Torvec’s long-time outside counsel, Dick Sullivan, individually negotiated for Torvec. The initial contracts were prepared by Mr. Sullivan on behalf of Torvec, and each agreement was reviewed and approved by Mr. Sullivan and voluntarily and willingly signed by the Gleasmans. With the knowledge of all of the Torvec directors, Mr. Sullivan filed each of these agreements with the SEC shortly after they were signed, representing them to be Torvec’s valid and binding obligations. For over a year, CXO performed all of its obligations under these contracts, with no objection from Torvec. It is incomprehensible that Torvec’s so-called Executive Committee, which now has full and exclusive control of the corporation, and includes both of the Gleasmans as members, has chosen to ignore the facts and the documented actions of Torvec’s counsel and the Gleasmans.

We are confident that the courts will see this latest Torvec action for what it is — a tortured tactic to avoid legal obligations that were properly authorized and to which the corporation consented. It is unfortunate that Torvec’s current management is allowing the Gleasmans to abuse their positions to further their own personal interests, at the expense of the corporation.