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[ biotech news ] BioTech Medics, Inc. Answers Lawsuit and Files Counterclaim
BioTech Medics, Inc. Answers Lawsuit and Files Counterclaim
BioTech Medics, Inc. (OTC Pink Sheets: BTMD) announced that the
company, as Defendant, had been served with a Texas civil defamation
action by Adam Barnett, a Florida resident, as Plaintiff. BioTech
has vigorously denied Barnett's allegations and filed a counterclaim
against him, and has also filed a third-party petition against
William Seminario, a Florida resident, and Hamilton Holdings PA
Corp., a Pennsylvania corporation.
BioTech's counterclaim and third party petition alleges that
Barnett, Seminario and Hamilton conspired to unlawfully deprive
BioTech of over 12 Million shares of its common stock and
manipulated the value of BioTech's common stock. BioTech further
alleges in its counterclaim against Barnett that Barnett, using a
series of aliases, published false and defamatory statements against
BioTech and its management, using the Internet.
Keith Houser, CEO of BioTech, stated "We will aggressively pursue
this litigation until its conclusion. We have also been in contact
with the Securities and Exchange Commission-Enforcement Division
about our allegations and intend to continue to assist the SEC in
their investigation in any way we can."
Source: BioTech Medics, Inc.
Contact: Keith Houser, CEO
972-849-2772
Safe Harbor for Forward-Looking Statements.
This press release may contain forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of 1995
(the "Act"). In Particular, when used in the preceding discussion,
the words "plan," "confident
that," "believe," "scheduled," "expect," or "intend to," and similar
conditional expressions are intended to identify forward-looking
statements within the meaning of the Act and are subject to the safe
harbor created by the Act. Such statements are subject to certain
risks and uncertainties and actual results could differ materially
from those expressed in any of the forward-looking statements.
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