Business Wire: Judge Announces Favorable Ruling for Intelliworxx

FindArticles > Business Wire > July 18, 2000 > Article > Print friendly

Judge Announces Favorable Ruling for Intelliworxx

Business Editors

SARASOTA, Fla.--(BUSINESS WIRE)--July 18, 2000

Intelliworxx, Inc. ("Intelliworxx")(OTCBB:IWXX), reported today that the federal judge presiding over a civil case involving Intelliworxx announced, in a post-trial hearing, that damages of up to $12 million awarded by a jury cannot stand. He further directed the parties to make every effort to settle the case within the next thirty (30) days or he would enter an order for new trial to determine the issue of damages.

Kevin Rogers, Intelliworxx' President and CEO, commented: "We are extremely pleased with the results of the hearing".

In May of this year a Federal civil jury rendered a verdict against parties including the company in a case involving interference with a certain prospective customer relationship of the plaintiff. Enforcement of the judgment was stayed pending the Court's hearing of Intelliworxx' motion to set aside or limit the judgment to an amount consistent with the legal principles governing the case

Intelliworxx, Inc. creates, develops and markets mobile multimedia computing solutions for commercial and government use. Specializing in voice-activated systems the company's core technologies include portable computing devices for wired, wireless and web environments, interactive MentorWorxx (Performance Support) software systems and other computing solutions aimed at vertical industries where user mobility is crucial. Intelliworxx products and technologies are sold on a worldwide basis through key resellers and strategic partners. For additional information visit www.intelliworxx.com.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, such as those relating to the timely implementation of programs; the impact of competitive product introductions, acceptance and pricing; the cost of and uncertainties related to litigations and those risks detailed in the Company's filings with the Securities and Exchange Commission (SEC). Actual results may differ materially from any forward-looking statements due to these risks and uncertainties.

Intelliworxx corporate offices are located at 1819 Main Street, 11th Floor, Sarasota, Florida 34236. Contact: Miron Leshem, Ananda Capital Partners (561) 477-7751.