Home PageFacebookRSS News Feed
PocketGPS
Web
SatNav,GPS,Navigation
Pocket GPS World - SatNavs | GPS | Speed Cameras: Forums

Pocket GPS World :: View topic - ProLink Holdings Corp. Refutes GPS Industries' Arbitration..
 Forum FAQForum FAQ   SearchSearch   UsergroupsUsergroups   ProfileProfile   Log in for private messagesLog in for private messages   Log inLog in 

ProLink Holdings Corp. Refutes GPS Industries' Arbitration..

 
Post new topic   Reply to topic    Pocket GPS World Forum Index -> News And Latest Information
View previous topic :: View next topic  
Author Message
RobBrady
Frequent Visitor


Joined: Jul 21, 2004
Posts: 2718
Location: Chelmsford, UK

PostPosted: Thu Mar 19, 2009 2:31 pm    Post subject: ProLink Holdings Corp. Refutes GPS Industries' Arbitration.. Reply with quote

ProLink Holdings Corp. Refutes GPS Industries' Arbitration as Baseless

Lawsuit's Claims Have No Merit; Company Continues to Offer Industry-Leading GPS Systems

CHANDLER, Ariz., March 19 /PRNewswire-FirstCall/ -- ProLink Holdings Corp. (BULLETIN BOARD: PLKH) responded today to a GPS Industries (OTC Bulletin Board: GPSN) press release , which announced that GPSI had filed a Notice of Arbitration against the Company. ProLink reiterated today that it maintains all licenses, including the Optimal '093 license, necessary to provide ProLink's industry-leading GPS golf course management systems. ProLink believes that GPS Industries' lawsuit is without merit and looks forward to vindication through the arbitration Process.

As previously stated in ProLink's 8-K filed on February 13, 2009, ProLink believes it is not in default on any of its license agreements. On February 10, 2009, ProLink received a written notice from GPSI and its wholly-owned subsidiary, Optimal Golf Solutions, Inc. (Optimal) purporting to terminate the '093 license agreement by and between ProLink and Optimal, claiming that ProLink failed to make certain payments under the agreement. However, as indicated in ProLink's 8-K, ProLink had paid all fees owed to Optimal under the agreement as of that date. In fact, since ProLink's January 2004 licensing of the patent, ProLink has paid over $1.5 million owed to Optimal under the agreement.

As further indicated in ProLink's 8-K, on February 12, 2009, ProLink forwarded a communication to Optimal and GPSI indicating ProLink's good faith belief that the Agreement had not been effectively terminated in accordance with the terms and conditions of the agreement, that ProLink intended to continue to comply with the terms of the agreement, and that, notwithstanding GPSI's written notice, in the event either party to the agreement brings a claim for termination under the agreement, the agreement requires compliance with explicit dispute resolution procedures including good faith negotiations, mediation, and if then still unresolved, binding arbitration. Based on the above and ProLink's continued payment of the '093 licensing fees, ProLink believes the agreement has not been terminated and that there is no legal basis for termination of the agreement at this time. In addition, the U.S. Patent Office is currently reviewing the validity of the '093 Patent and the license remains valid and in force pending this review.

About ProLink

ProLink Solutions is the world's leading provider of GPS golf course management systems and revenue-generating on-course advertising. ProLink Solutions' core philosophy is to be a "Trusted Partner" to its golf-course customers. From enhancing golfers' overall experience and improving pace-of-play, to increasing current revenue streams and creating new profit centers for golf courses, ProLink Solutions' products and services have captured markets both nationally and globally. For more information about ProLink, visit http://www.goprolink.com

ProLink Holdings Corp.
http://www.goprolink.com/
_________________
Robert Brady
Back to top
View user's profile Send private message Visit poster's website







Posted: Today    Post subject: Pocket GPS Advertising

Back to top
Display posts from previous:   
Post new topic   Reply to topic    Pocket GPS World Forum Index -> News And Latest Information All times are GMT + 1 Hour
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

Make a Donation



CamerAlert Database

Click here for the PocketGPSWorld.com Speed Camera Database

Download Speed Camera Database
22.053 (15 May 24)



WORLDWIDE SPEED CAMERA SPOTTERS WANTED!

Click here to submit camera positions to the PocketGPSWorld.com Speed Camera Database


12mth Subscriber memberships awarded every week for verified new camera reports!

Submit Speed Camera Locations Now


CamerAlert Apps



iOS QR Code






Android QR Code







© Terms & Privacy


GPS Shopping