VANCOUVER, BC / ACCESSWIRE / November 16, 2018 / Ellipsiz Communications Ltd. (formerly NXA Inc.) (TSXV: ECT) (the "Company" or "ECL") announced today that a Notice of Application against the Company was filed by Tat Lee (Michael) Koh ("Koh") on November 8, 2018 with the Ontario Superior Court of Justice Commercial List, with respect to USD$181,213.28 in costs allegedly incurred in requisitioning, calling and holding a shareholder meeting to try and replace the board of directors of the Company in which he was unsuccessful.
The Company considers the claim to be without merit and intends to vigorously defend against the action.
The Company, through its indirect operating subsidiary, ECTW, focuses on setting up operations support systems ("OSS"), being systems which control and monitor network activities, for many communication service providers, including mobile network providers, fixed line telephone operators, cable operators and internet service providers (ISPs) in Taiwan. ECTW tailors a unique solution for each client depending on its particular needs, which involves setting up, customizing and integrating a combination of third party hardware and OSS software.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Eric Chan, CFO
T: 416 977-3223
SOURCE: Ellipsiz Communications Ltd.
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