INNOTEX PRECISION LTD RESPONDS TO CLAIMS FROM RIVALS !

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INNOTEX PRECISION LTD RESPONDS TO CLAIMS FROM RIVALS !

 user 2010-03-08 at 1:55:43 pm Views: 73
  • #23656

    http://innotex.com.hk/cntus.html
    INNOTEX PRECISION LTD RESPONDS TO
    CLAIMS FROM RIVALS

    Innotex
    Precision Limited Response Statement

    With
    approximately 10 years of experience in the sales of printer
    consumables, Innotex Precision Limited is well-established as a global
    distributor and supplier of printer cartridges and other printing
    products.

    In February 2009, Innotex Precision Limited was forced
    to file suit against ITM, Inc. and Horei Image Products, Inc. in United
    States District Court in Georgia after ITM and Horei refused to pay
    undisputed fees owed to Innotex in excess of $1.7 million dollars.  In
    addition to the approximately $1.7 million in unpaid fees, ITM and Horei
    breached their agreements with Innotex when they refused to comply with
    the terms of the agreements and sent Innotex defective and unusable
    printer components.  ITM and Horei’s actions caused Innotex to suffer an
    additional $2.1 million in damages.  Subsequent attempts by Innotex to
    ameliorate the situation were thwarted by ITM and Horei when ITM and
    Horei refused to accept responsibility for returning the defective
    printer components and pay the outstanding balance.

    Rather than
    remedying the situation, ITM and Horei have responded by filing a
    variety of legal claims against Innotex. These claims are entirely
    without merit.  Innotex intends to dispute these claims vigorously in
    court and prevail on its own claims against ITM and Horei.

    DLA Piper US LLP
    Atlanta,
    Georgia 30309-3450