Artificial Life Settles Law Suit
January 06 2014 - 6:19AM
Marketwired
Artificial Life Settles Law Suit
HONG KONG, CHINA--(Marketwired - Jan 6, 2014) - Artificial Life
(PINKSHEETS: ALIF), a Hong Kong based consulting and investment
company, announced today that it, together with its co-plaintiffs
Artificial Life Asia and Artificial Life Europe GmbH, have
withdrawn their case against KPMG filed in the High Court of Hong
Kong on December 20, 2011. The case has been settled on terms
mutually satisfactory to the parties on a confidential basis.
"We are satisfied with the outcome of this case, and can now
focus again on our core business and expansion," said Eberhard
Schoneburg, CEO of Artificial Life, Inc.
About Artificial Life,
Inc.
Artificial Life, Inc. is a new
kind of investor and business consulting and investment company. We
act as a global business network provider and facilitator for our
investment companies, assisting them in their funding efforts,
sales, production, and general business development activities. We
also act as an investment scout identifying and analyzing
investment targets for clients and help partners to develop their
business in Asia. Artificial Life, Inc. is a Delaware-registered
corporation founded in 1994 in Boston. Our shares are traded on the
OTC market (PINKSHEETS: ALIF). Our global headquarters is in Hong
Kong.
For more information on
Artificial Life, Inc., please visit: www.artificial-life.com
Contact: Artificial Life IR and PR Contact: Tel: (+852) 3102
2800 Email Contact
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