NORTH PALM BEACH, FL / March 10, 2014 / Eventus Capital, Inc. (“Eventus”) has obtained a $120,000 final judgment against Delaware companies CTX Technologies, Inc. and CTX Virtual Technologies, Inc. (OTCPink: CTXV) (collectively, “CTX”).
The judgment arose out of Eventus’ claim for breach of contract, stemming from a Consulting Agreement between Eventus, CTX Technologies, Inc. and CTX Virtual Technologies, Inc. Before filing the lawsuit, Eventus attempted to negotiate with CTX for it to pay to Eventus the $120,000 consulting fee at issue. CTX disputed that it owed the fee. Eventus then filed a complaint in Palm Beach County Circuit Court.
The parties ultimately entered into a settlement agreement that required CTX to register 250,000 restricted shares on behalf of Eventus’ principal, David Cohen, by a certain date. When CTX did not timely process the S1 registration of shares, Eventus moved the Court to enforce the settlement agreement. The Court then entered final judgment in the amount of $120,000 against CTX. The judgment currently remains pending against CTX.
About Eventus Capital, Inc.
Eventus Capital, Inc. is a private equity firm based in North Palm Beach, Florida.
For further information, contact:
Eventus Capital, Inc.
Tel: (561) 839-4464
Source: Eventus Capital, Inc.
Release ID: 35579