American Medical Technologies Announced Arbitrator Ruling
05 Januar 2006 - 1:00PM
Business Wire
American Medical Technologies, Inc. (OTCBB:ADLI) today announced
that an arbitrator has ruled invalid an attorney's claim for fees
from the Company. The arbitrator, Gary V. McGowan of Houston,
Texas, ruled in December 2005 that attorney Michael D. Stewart is
not entitled to fees from American Medical Technologies under terms
of a contingency agreement, nor does the Company owe Stewart
additional fees based on his representation of the Company prior to
the contingency agreement. Stewart represented the Company on
litigation involving Big Sky Laser Technologies, Inc. That
litigation was dismissed in August 2004, with the Company and Big
Sky agreeing to drop their claims for damages. AMT, headquartered
in Corpus Christi, Texas, develops and manufactures advanced
technologies in the field of dentistry and markets them worldwide.
The company's securities are quoted on the OTC Bulletin Board under
the symbol ADLI, and its website is at www.americanmedicaltech.com.
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