IRVINE, Calif. - July 11, 2018 - (Newswire.com)
Ubiquity, Inc. (“Ubiquity” or the “Company”), is a vertically integrated, technology-focused media company, announced today the amicable resolution of litigation brought against it by Kay Strategies. In a confidential settlement reached, all issues were resolved between the parties. Ubiquity also announced it had reached a favorable settlement in a suit brought by Bryan Harpole. The terms and amounts of each of the settlements are confidential between each of the parties. After a long time dispute with Avant Garde Properties, LLC, Ubiquity settled all outstanding issues between the parties. The company also entered into a confidential agreement with Chris Carmichael its previous CEO and Chairman, one of the company’s largest creditors.
Ubiquity’s President and CEO Brenden Garrison said, "We believe resolving the outstanding litigation will provide our shareholders and other stakeholders with clarity and transparency."
Chairman Robert Fernander said, "Although we believe these cases have no merit, resolving these suits at a fraction of what it would cost to litigate was the right choice for us."
About Ubiquity
Based in Irvine, CA, Ubiquity is a vertically integrated, technology-focused media company.
Forward-Looking Statements
Statements in this press release that are not descriptions of historical facts are forward-looking statements that are based on management’s current expectations and assumptions and are subject to risks and uncertainties. In some cases, you can identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” “will,” “would” or the negative of these terms or other comparable terminology. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.
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Original Source: Ubiquity Inc. Reaches Settlement in Multiple Lawsuits
