In its suit, GiveMePower is seeking more than $1.3 million in compensatory damages from Pace and other named Defendants, as well as punitive damages, legal fees and any other damages to which it would be entitled and as awarded by the Court. Other named Defendants include Terry Resnick, Pace's CEO; Jody Resnick, Pace's president; Ronald S. Berg, Pace's attorney; and Randolph "Skip" Willis, GiveMePower's former senior project engineer.
Allegations against the Defendants are detailed in GiveMePower's March 16, 2007 Verified First Amended Complaint ("FAC"). The FAC alleges the following causes of action: (1) breach of contract; (2) breach of the implied covenant of good faith and fair dealing; (3) breach of the duty of loyalty; (4) breach of fiduciary duty; (5) intentional interference with contractual relationships; (6) intentional interference with prospective economic advantage; (7) unfair competition; (8) conversion; (9) misappropriation of trade secrets; (10) fraudulent inducement; and (11) injunctive relief.
In his August 14, 2007 Order, presiding United States District Court Judge, William Q. Hayes, ruled in GiveMePower's favor on three motions which were pending before the Court; including Motions by Defendants Pace, Berg and the Resnicks to Dismiss the FAC and to Strike Portions of the FAC.
"We feel validated on the merits of our lawsuit against Pace and the other defendants. We continue to aggressively seek full recovery of all damages we believe are rightfully due to GiveMePower and its valued shareholders, and are strongly encouraged by this most recent ruling," said Bill Walton, president and CEO of GiveMePower.
Interested parties can review Judge Hayes' August 14, 2007 Order (Document 56), as well as the FAC and other documents relating to GiveMePower Corporation vs. Pace Compumetrics, Inc., Case No. 07cv157 WQH (RBB), by utilizing the United States Courts' PACER electronic public access system at http://pacer.psc.uscourts.gov.
About GiveMePower Corporation
A Microsoft Partner, an Intel® PCA Developer Network member and an IBM and HP Business Partner, GiveMePower has been a leading innovator in the supply of "anytime and anywhere" AutoCAD®-compatible design and digital blueprint software, and in providing professional services which saves clients significant time and money managing digital information which is vital to the design, reconstruction and maintenance of buildings and real-estate facilities.
GiveMePower® and PowerCAD® are registered trademarks or trademarks of GiveMePower, Inc., in the USA, Canada and/or other countries. All other trademarks are property of their respective owners. ©2007 GiveMePower Corporation. All Rights Reserved.
Forward Looking Statements: With the exception of historical information, the matters discussed in this press release are "forward looking" statements that involve a number of risks and uncertainties. The actual future results of the Company could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, the continued demand for the Company's products and services, worldwide economic conditions, changes in governmental regulations and policies, the emergence of competitive products and services, unforeseen technical issues and those risk factors contained in the Company's filings with the SEC.
Contacts: GiveMePower Corporation / Inc. Bill Walton Toll Free (US/Canada): 1-888-97-POWER (403) 287-6001, ext. 101 Email: Email Contact Website: www.givemepower.com
