GREAT NEWS . !! . Press ReleaseSource: ITIS Holdings Inc.
ITIS Litigation Support Client Wins Judgment
Wednesday March 19, 2:02 pm ET
HOUSTON--(BUSINESS WIRE)--March 19, 2003--ITIS Holdings Inc. (OTCBB:ITHH - News) today announced that a judgment on liability has been entered in the Superior Court of Fulton County, Georgia, against Mark Valentine, former Chairman of Thomas Kernaghan & Co. Ltd., in favor of ITIS litigation support client Hyperdynamics Corporation (OTCBB:HYPD - News). Litidex, a wholly owned subsidiary of ITIS, provides litigation support services in cases for John M. O'Quinn and Christian, Smith & Jewell, who represent Hyperdynamics and other companies involved in litigation concerning alleged stock manipulation and illegal naked short selling.
Litidex also has contracts for litigation support services in other stock manipulation cases currently in litigation, which include Eagle Tech Communications Inc. (EATC.PK), Nanopierce Technologies Inc. (OTCBB:NPCT - News), Endovasc Ltd. Inc. (OTCBB:ENVC - News), RTIN Holdings, Inc. (OTCBB:RTNH - News), and ATSI Communications Inc. (AI).
"Litidex continues to provide document management and litigation support work for alleged stock manipulation cases accepted by attorneys Wes Christian and John O'Quinn," said Chairman of ITIS Holdings Hunter Carr, who added, "We are continuing to build databases of all the documents. The companies that have contracted with Litidex are benefiting from nearly 20 years experience in providing automated litigation support services."
With the increase in awareness by companies that may have been the victims of alleged stock manipulation and naked short selling, ITIS Holdings has been asked to review 5 additional companies and many others have contacted the law firms. Mr. Carr states, "These are exciting and encouraging times for companies and shareholders alike. The recent inroads made by regulatory and law enforcement agencies are a positive sign for the market."
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