Freedom Scientific and Serotek Reach an Agreement
- From: "Bruce Toews" <dogriver@xxxxxxxx>
- To: jfw@xxxxxxxxxxxxx
- Date: Thu, 07 Jun 2007 13:52:44 -0500
FOR IMMEDIATE RELEASE
Media Contact: Brad Davis
Blind/Low Vision Group
800-444-4443 or 727-803-8000
www.FreedomScientific.com
Freedom Scientific® and Serotek Announce Trademark Accord
(St. Petersburg, Florida, and Minneapolis, Minnesota ? June 7, 2007)
Freedom Scientific and Serotek jointly announced today that they have
reached an agreement
whereby Serotek has agreed that it was inadvertently infringing Freedom
Scientific?s federally-registered trademark.
?It is unfortunate that we had to take this action,? said Lee Hamilton,
President and CEO of Freedom Scientific, ?but trademarks are valuable
corporate
assets, and they must be protected, or they are lost. This agreement
accomplishes that, and we have agreed to dismiss the lawsuit. As part of
this agreement,
Serotek has agreed not to use our trademark or any other trademark that
is similar.?
?We are pleased with the settlement agreement,? said Mike Calvo, CEO,
Serotek. ?We will be renaming the FreedomBox and other affected products
and services
in a separate announcement in the near future.?
--
Bruce Toews
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Website: http://www.ogts.net
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