BioTech Medics, Inc. Answers Lawsuit and Files Counterclaim
January 11 2006 - 2:28PM
PR Newswire (US)
DALLAS, Jan. 11 /PRNewswire-FirstCall/ -- BioTech Medics, Inc. (OTC
Pink Sheets: BTMD) announced that the company, as Defendant, had
been served with a Texas civil defamation action by Adam Barnett, a
Florida resident, as Plaintiff. BioTech has vigorously denied
Barnett's allegations and filed a counterclaim against him, and has
also filed a third-party petition against William Seminario, a
Florida resident, and Hamilton Holdings PA Corp., a Pennsylvania
corporation. BioTech's counterclaim and third party petition
alleges that Barnett, Seminario and Hamilton conspired to
unlawfully deprive BioTech of over 12 Million shares of its common
stock and manipulated the value of BioTech's common stock. BioTech
further alleges in its counterclaim against Barnett that Barnett,
using a series of aliases, published false and defamatory
statements against BioTech and its management, using the Internet.
Keith Houser, CEO of BioTech, stated "We will aggressively pursue
this litigation until its conclusion. We have also been in contact
with the Securities and Exchange Commission-Enforcement Division
about our allegations and intend to continue to assist the SEC in
their investigation in any way we can." Source: BioTech Medics,
Inc. Contact: Keith Houser, CEO 972-849-2772 Safe Harbor for
Forward-Looking Statements. This press release may contain
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 (the "Act"). In
Particular, when used in the preceding discussion, the words
"plan," "confident that," "believe," "scheduled," "expect," or
"intend to," and similar conditional expressions are intended to
identify forward-looking statements within the meaning of the Act
and are subject to the safe harbor created by the Act. Such
statements are subject to certain risks and uncertainties and
actual results could differ materially from those expressed in any
of the forward-looking statements. DATASOURCE: BioTech Medics, Inc.
CONTACT: Keith Houser, CEO of BioTech Medics, Inc., +1-972-849-2772
Web site: http://www.biotechmedics.com/
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