|
|
Article: Arbitrator to Rule on the Magnitude of Damages to be Awarded to AMS Homecare Inc.
- Article from:
- CCNMatthews Newswire
- Article date:
- February 6, 2008
CopyrightCopyright 2008 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
|
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 6, 2008) - AMS
Homecare Inc. (PINK SHEETS:AHCKF), a provider of mobility products,
durable medical products and patient monitoring technology to the
aging North American population provides the following corporate
update.
On March 28, 2005, the company announced a binding agreement with
Wireless 2000 RF & UWB Technologies Ltd (D.B.A Wireless2000) to
acquire exclusive rights to market patented Ultra Wideband (UWB)
Technology to the healthcare, elder care, medical offices and
hospital markets in North America.
In 2007, Wireless2000 initiated an arbitration in an attempt to
invalidate the contract with the Company stating that since
Wireless2000 ...