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Monday April 18, 2005
Toronto, Canada
The following Press Release is an update on the status of the litigation filed by WebSports Technologies Inc. against Toronto based software developer Cryptologic Inc.
A Court action in the amount of $295 Million U.S. was filed on November 22, 2002, against Cryptologic Inc. by WebSports Technologies Inc. In addition to the Breach of contract, the suit seeks more than 100 Million U.S in damages for conspiracy, collusion and misrepresentation.
The litigation filed in Ontario superior court (Court File No. 02 CV 240094 CM) alleges that Cryptologic Inc. A TSX, Nasdaq and AIM listed company, Breached a contract and in order to do so attempted to falsify the outcome of a software testing procedure being conducted by TST Testing systems North America to certify The ProSportsTrade Exchange Game created by WebSports Technologies Inc. to Tasmanian gaming standards.
In a Statement by WebSports, President Nicholas Murphy stated, “WebSports will seek every legal avenue available to challenge the duplicitous actions of Cryptologic.”
The allegations in this matter are scheduled for trial on June 20, 2005. WebSports hopes to prove its case at that time.
In an earlier statement from Cryptologic, spokesperson Nancy Chan-Palmateer dismissed the suit as "frivolous and without merit" and said "Cryptologic has not issued a press release as we don’t view this suit as material"
WebSports President Nicholas Murphy has stated “the suit against Cryptologic is Material given the nature of the allegations and that the Security and regulatory agencies located in the various jurisdictions where Cryptologic operates should make that distinction not a company spokesperson.” Mr. Murphy went on to say that “WebSports has unequivocal proof of the allegations and will prove so in court”.
For more information or a copy of the Law Suit
Please contact
Nicholas Murphy
President, WebSports Technologies Inc.
nickm@mysportsbroker.com
Source of this article: http://GamblingMagazine.com and http://CasinoMagazine.com
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