TSX-Venture: Tier 1
SEC Exemption No. 82-3378
RICHMOND, BC, Aug. 18 /CNW/ - CON-SPACE Communications Ltd. (TSX-V: CCB),
(con-space.com), announced today that its legal action against Silk Systems
Inc. ("Silk"), filed in the Supreme Court of British Columbia and reported by
Stockwatch on July 6, 2006, has now been met with a Statement of Defence and
Counterclaim by Silk.
In the action, CON-SPACE is seeking damages in respect of a computer
hardware and software system for which it contracted with Silk in September of
2004, and which was supposed to be fully functional by March of 2005. In
January of 2006 CON-SPACE, still without a complete functioning system,
requested that all funds paid to Silk, amounting to approximately $43,000, be
returned. After repeated attempts at a negotiated settlement, CON-SPACE
commenced the legal action. Silk's Counterclaim alleges a further $15,000
owing from CON-SPACE to Silk, as well as amounts for software support
services. CON-SPACE believes that Silk's defence and counterclaim are both
without merit, and will vigorously prosecute the action and defend the
counterclaim.
CON-SPACE is recognized worldwide as the leading designer and
manufacturer of specialized voice communication equipment used by Police,
Fire, Rescue, Government Agencies, Militaries, Municipalities and general
industry. The Company has distribution throughout North America, Great
Britain, Australia, and parts of Asia, South America, and Europe. The Company
also supplies many other manufacturers with private labeled products.
This press release is available on the company's official on-line
investor relations site for investor commentary, feedback and questions.
Investors are asked to visit http://www.agoracom.com and view the CON-SPACE
Investor Contact & Information Centre. Alternatively, investors are asked to
e-mail all questions and correspondence to CCB(at)Agoracom.com
"Forward-looking" statements in this release involve risks and
uncertainties associated with, among others, economic, industry conditions,
technological development, and competition and should not be relied upon as
actual results may differ materially from those projected.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
