johnnyfive Guest
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Posted: Wed Apr 04, 2007 10:20 pm Post subject: WHKA comments on GDVM's Briner stepping down! Lawsuit relat |
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The World Hockey Association Releases Statement Concerning the
Resignation of John D. Briner as CEO of Global Developments, Inc.
Apr 4, 2007 11:45:00 AM
VANCOUVER, BC -- (MARKET WIRE) -- 04/04/07 -- The World Hockey
Association (PINKSHEETS: WHKA) released a statement this morning
concerning the resignation of John D. Briner as CEO of Global
Developments, Inc. (GDVM). The statement was prepared in response to
numerous shareholder inquires concerning what effect, if any, the
resignation of Briner as CEO of GDVM would have on the WHA'S plans for
counterclaim litigation against GDVM and other "Briner Group" related
parties to a lawsuit filed in US Federal Court.
The WHA wishes to reassure its shareholders that the resignation of
John D. Briner as CEO of GDVM will not have any effect on its plans to
file counterclaim litigation for damages against Global Developments,
Inc. and/or any of the parties related to the former Briner Group as
well as former and/or current partners of the Briner Group and
affiliated companies thereof.
The WHA believes it has suffered enormous damages as a result of the
actions of John D. Briner and other individuals with whom he
associated as well as other companies which were under his total or
partial control and the WHA intends to file these counterclaims very
shortly. The WHA believes its shareholders will be very pleased to see
upcoming events, including court filings, which will concern these
matters.
WHKA CEO Ricky Smith commented, "We are going to hold Global
Developments, Inc. fully responsible for its part in significant
damages we feel are due to our company as the result of actions
initiated by John Briner and any entities controlled by him and/or his
associates which were part of this whole mess. As far as we are
concerned, the resignation of Briner will not let Global Developments
off the hook. We intend to vigorously pursue Global in Federal Court
for a variety of offenses we believe they have committed against the
WHA."
Smith added, "As far as John Briner, The Briner Group, and all its
partners are concerned, yesterday's late night resignation of Briner
from GDVM would have no effect whatsoever on our plans. We intend to
aggressively proceed with court actions against all of them. They will
not be able to hide from this fight."
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