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B.C. Supreme Court Awards in Eight Solutions' Favour
Tuesday, July 5, 2016Company Profile | Follow Company
Vancouver, BC, July 5, 2016--(T-Net)--Eight Solutions Inc. (TSXV:ES) announced that in connection with the Company's action against Tianjin Fu Feng Da Movie & Television Technology Investment and Development Co., Ltd. (“FFD”), the B.C. Supreme Court (the “Court”) has ruled in favour of the Company resulting in the extinguishment of all debt owed to FFD and the release of all respective security.
Details of the B.C. Supreme Court decision are as follows:
“We are very pleased with the outcome of this matter with FFD”, says Rory Armes, Eight Solutions CEO. “We believe that resolving the dispute with FFD allows us to better execute on our business plan and move forward with more confidence and certainty”.
About Eight Solutions
Eight Solutions Inc. is a technology company led by a team of gaming industry veterans. Eight's flagship product is Cumul8, a data analytics and visualization solution. Cumul8 works with any type of data source to help people and companies understand, collaborate, and make better decisions with data. Eight's portfolio also includes an award-winning 3D technology licensed to the film industry and Reelhouse, a unique video-on-demand platform that allows films makers to distribute their content directly to users. For more information, visit www.eightsolutions.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” occur. Although Eight believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Contact:
Investor Relations
investor.relations@eightsolutions.com
Suite 100, 138 East 7th Avenue
Vancouver, British Columbia, V5T 1M6
Phone: (604) 669-8885
Fax: (604) 669-8855
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