Hudson, Ohio (PRWEB) February 23, 2011
Serefex Corporation (OTCPK: SFXC) announced today that it has received an $11,246,559 certified final judgment against Hickman Holdings, LP, Chressian, LLC and the D’Anza Family Trust (United States District Court Middle District of Florida Fort Myers Division 2:08-cv-692-FtM-29DNF). This judgment is the result of litigation filed against the defendants regarding the stock exchange agreement they entered into dated October 20, 2007 for the purchase of W.P. Hickman Systems, based in Solon, Ohio.
In response to the judgment, Brian S. Dunn, President and CEO of Serefex, said, “The Order from the Federal Court was very clear when stating ‘The well-pled allegations of the second amended Complaint support a default judgment’ and we are very pleased with the court’s ruling.
Mr. Dunn further stated, “This Judgment significantly contributes to bringing closure to a long and arduous process for Serefex and now allows us to focus on future opportunities. We are very proud of the fact that our shareholders’ equity has survived the bankruptcy of W.P. Hickman Systems and we look forward to increasing shareholder value in the near future. On behalf of all of our shareholders, I would like to personally extend the most profound debt of gratitude to Michael Marsalese of the Marsalese Law Group. Michael represented the company vigorously with the belief that we were defrauded and was entitled to significant damages against all of the Defendants.”
For additional information, shareholders are encouraged to e-mail Serefex at news(at)serefex(dot)com. They have begun an overhaul of their existing website and are looking forward to its re-launch very shortly. Additionally, the company has relocated its corporate offices to 43 Village Way, Suite 209, Hudson, Ohio 44236 with a new telephone number of (330) 655-5560 and plans are in place to reopen its Naples, Florida office by mid-2011.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place under reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Serefex Corporation under take no obligation to update such statements.