Eco-Trade Corp. (fka BOPT)

[mike306oh]

What if the company itself initiated the trading to be halted, in order to prevent future bloodshed? If so, it may have to do with George Sharp. Don't ya think?

As per the Settlement Agreement that was filed with the S.E.C., the Company now has grounds to believe that Mr. George Sharp is in breach of the Settlement Agreement. The Company takes the legal position that Mr. Sharp’s potential actions are in direct contravention of the Settlement Agreement. We have had the Company’s lawyers cordially remind him of his contractual obligations pursuant to the Settlement Agreement. If Mr. Sharp continues with his course of actions against the Company, the Company will be forced to counterclaim against him for breach of contract and obtain injunctive relief whereby it will seek full indemnity costs against him. The Company takes the position that any lawsuit is without merit and it will defend it vigorously and seek costs against him in his personal capacity. If Mr. Sharp continues with the lawsuit, we will also be forced to counterclaim for the independent actionable torts of intentional interference with economic relations and inducing breach of contract for all damages that flow from this potential tortuous interference.

Based on the Company’s review of public information and court documents, Mr. Sharp has filed lawsuits against numerous public companies. Further, he has allegedly engaged in a practice where he has contemporaneously shorted the stock of the very reporting issuer in which he has filed a lawsuit. The Company makes no allegations that Mr. Sharp has worked on a coordinated effort to short sell the companies he has sued; however, the Company intends to investigate further on any short selling that may be taking place on its common shares. The Company will advise its shareholders of its investigation in due course.

The Company takes the legal position that all of its statements made in and around this Press Release are protected by the principle of justification. The Company takes the legal position that all of its statements made in and around this Press Release are protected by absolute privilege in that they are necessary and/or preparatory for the defense or commencement of litigation in the form of the aforementioned counterclaim. Finally, the Company takes the position that all of its statements made in and around this Press are protected by qualified privilege as the Company has a legal duty to inform its shareholders, and the shareholders have a corresponding interest to receive it.