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Even Technologies Files Counter Lawsuit against Trafalgar

Even Technologies Files Counter Lawsuit against Trafalgar

Envirometal Technologies IncApril 28, 20083
Even Technologies Files Counter Lawsuit against Trafalgar

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Even Technologies Files Counter Lawsuit against Trafalgar Vancouver, British Columbia CANADA, April 28, 2008 /FSC/ - Even Technologies Inc. (ETI - TSX Venture), ("Even" or the "Company" TSX-V: ETI) has filed a Writ and Statement of Claim in the Supreme Court of British Columbia against Trafalgar Capital Specialized Investment Fund, FIS ("Trafalgar"). Even contends that the Payment Schedule erroneously sets out the payments required to be made and instead should conform to the payment obligations as set out in the Debenture.   In direct opposition to Trafalgar, Even contends that the Debenture does not provide for any obligation by it to pay "redemption premiums" nor any interest beyond the 12% per annum. Even is seeking rectification of the Payment Schedule to conform to its payment obligations as set out in the Debenture.  In summary, Even seeks:        a declaration that Even is not obliged to pay any "redemption        premiums";        a declaration that Even has paid to Trafalgar all of its current        obligations;        rectification of the Payment Schedule to conform to the provisions        of the Debenture;        costs; and        such further and other relief as the Honourable Court may seem        just. On Behalf of the Board of Directors: (signed) "Nick Ringma" Nick Ringma President and CEO +1 604 689 1858 Even Technologies Inc. Even Technologies is a Vancouver, Canada company, specializing in advanced solutions for profitable IPTV delivery. Even Technologies' PSI(TM) Smart Compression allows service providers to deliver standard definition video at only 750kbps and high definition video at less than 3 Mbps. Built into a complete system including real time encoders, middleware and upgradeable set-top boxes, the PSI(TM) technology provides the telecommunications sector with a new alternative for delivering interactive digital television. The Company has also implemented the PSI(TM) technology into a range of applications for medical imaging, security identification photos and media streaming to the PC and mobile environment.  For more information, please visit www.eventechnologies.com.     Copyright (C) 2008 Even Technologies Inc.(TM), EVEN(TM), PSI(TM), dme(TM) and other marks, names, logos and icons identifying Even Technologies Inc. and Even Technologies' products and services referenced herein are trademarks or registered trademarks of Even Technologies Inc. All other company, product and/or brand names or marks are the trademarks of their respective owners. Certain statements contained in this document, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on our assumptions and estimates and are subject to risk and uncertainties. You can identify these forward-looking statements by the use of words like "strategy," "expects," "plans," "believes," "will," "estimates," "intends," "projects," "goals," "targets," and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. We wish to caution you that such statements contained are just predictions or opinions and that actual events or results may differ materially. The forward-looking statements contained in this business plan are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbor for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995. Even Technologies Inc. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Source: Even Technologies Inc. (ETI - TSX-V) Maximum News Dissemination by Filing Services Canada Inc. Ph: (403) 717-3898  Fx: (403) 717-3896    www.usetdas.com

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