The Company had been made aware by the Chief Executive Officer of the Company, that a complaint had been filed against the Company for approximately $534,000 by the United States Trustee for the Middle District of Florida to claim against funds we owe to our Chief Executive Officer and his wife. The Company has not been served with the complaint. In the event the Company is served with the complaint, and the matter is not settled as set forth below, it will vigorously defend the complaint. However, the outcome of the litigation, if it were to occur, cannot be determined at this time.
On January 23, 2012, the Trustee's Motion For Approval and Notice of Compromise was filed to obtain the approval of the court of a settlement of the matters that were the subject of the complaint. Upon approval of the court, the complaint referenced herein will be dismissed.
Further information can be found in future filings of the Company with the Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DOMARK INTERNATIONAL, INC.
Date: January 24, 2012 By: /s/ R. Thomas Kidd ----------------------------------- R. Thomas Kidd Chief Executive Officer