Replies to post #10079 on Zevotek, Inc. (ZVTK)

[IcePickr]

Viatek pays a royalty to Zevotek...

This is from a SEC filing.

http://sec.edgar-online.com/zevotek-inc/10-q-quarterly-report/2009/02/12/section14.aspx

Viatek Litigation/Settlement . On November 5, 2008, we, and our wholly owned subsidiary (the “Plaintiff Parties”) and Jason Ryu entered into a settlement agreement (the “Settlement Agreement”) with Viatek Consumer Products Group, Inc. (“Viatek”), (collectively, the “Defendant Parties”).

The Settlement Agreement was entered into in connection with an amended complaint filed by us in May 2008 against the Defendant Parties in the United States District Court for the Southern District of New York (the “Lawsuit”).

Under the terms of the Settlement Agreement, the Plaintiff Parties and the Defendant Parties have agreed to full and complete settlement and general release of all claims asserted by the parties regarding the subject matter of the Litigation. In consideration for this settlement of claims, Viatek agreed to pay us a royalty on the Net Sales of Viatek Ionic Bulbs. Further, the parties agreed to a joint stipulation for dismissal with prejudice of the Lawsuit, which was filed on November 12, 2008.

[Number1Son]

Looks like Zevotek has been at this for some time now.
and as for Viatek, look at the dates on the videos: for those of you not familiar to you tube, its below the name to the right

Viatek: 8/1/2007
insert-text-here

Zevotek: 5/13/2008
insert-text-here

post zevotek lawsuit and viatek to royalties to ZVTK:
insert-text-here

What does it take for this company to sell its own product? Lets get movin with that infomercial. Hopefully we'll see it soon.

Oh ok wait. Now they are gonna call it 'Ionic Fresh'?
Its still an 'Ionic Bulb'!!
insert-text-here

Viatek Litigation/Settlement. On November 5, 2008, we, and our wholly owned subsidiary (the “Plaintiff Parties”) and Jason Ryu entered into a settlement agreement (the “Settlement Agreement”) with Viatek Consumer Products Group, Inc. (“Viatek”), (collectively, the “Defendant Parties”).

The Settlement Agreement was entered into in connection with an amended complaint filed by us in May 2008 against the Defendant Parties in the United States District Court for the Southern District of New York (the “Lawsuit”).

Under the terms of the Settlement Agreement, the Plaintiff Parties and the Defendant Parties have agreed to full and complete settlement and general release of all claims asserted by the parties regarding the subject matter of the Litigation. In consideration for this settlement of claims, Viatek agreed to pay us a royalty on the Net Sales of Viatek Ionic Bulbs. Further, the parties agreed to a joint stipulation for dismissal with prejudice of the Lawsuit, which was filed on November 12, 2008.

[url]www.sec.gov/Archives/edgar/data/1364208/000114420409007412/v139710_10q.htm
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[mike1988]

Well good thing our infomercial offers by one at 19.95 get one free!

[flaflyersfan]

funmaxus, there is no exclusivity to the Ionic Bulb as you proved yourself by buying independently. Many people sell these bulbs;

http://www.alibaba.com/showroom/Ionic_Bulb/------------50--------------.html

ZVTK sold Ionic Bulbs through Walgreen's nationally in the U.S. in 2007. ZVTK's financials show the results.

Good luck.