MONTREAL, Aug. 21 /PRNewswire-FirstCall/ -- Effective Control Transport, Inc. (the "Corporation") (OTC-Pink Sheets-EFFC) announces it will file a lawsuit in the New York Southern District against Mr. Guy J.C. Benoit, Mr. Guy Faucher, Mr. Guy-Paul Gauthier, Mr. Gib de Medeiros and Mr. Mario Naim personally (the "Dissident Group") for violations of federal securities laws. The complaint relates to actions that have arisen in connection with the Information Statement (the "Statement") that the Dissident Group mailed to shareholders dated June 22, 2009, in which they sought to remove the Corporation's current Board of Directors and replace it with their nominees.
The complaint will namely allege that: (i) the Dissident Group unlawfully solicited proxies from the Corporation's shareholders in violation of Section 14(a) of the Securities Exchange Act of 1934 in connection with their actions to take control of the Corporation and replace the Corporation's current Board of Directors with their five (5) nominees; (ii) a copy of the Statement was not forwarded to the SEC, as required under the Securities Exchange Act of 1934; (iii) the Statement contained untrue statements of material fact or omissions of fact; and (iv) the Statement presented by the Dissident Group omitted material information regarding certain nominees, namely Mr. Guy-Paul Gauthier's background. With its lawsuit, the Corporation is seeking injunctive relief against the Dissident Group to prevent them from acting upon any proposed voting results obtained in the unlawful proxy solicitation and requiring corrective disclosure in the Statement.
Effective Control Transport, Inc
CONTACT: Effective Control Transport, Inc.: Raphael Hupp , Pr sident, T
l phone: (514) 940-7587
