SOURCE: Western Securities Corporation

November 29, 2007 09:00 ET

Final Judgment and Writ of Execution Against Eternal Technologies Group Filed in United States District Court for $732,290

HOUSTON, TX--(Marketwire - November 29, 2007) - A final Judgment and Writ of Execution in the amount of $732,290 against Eternal Technologies Group, Inc. (OTCBB: ETLT) have been issued in favor of Western Securities Corporation. The judgment was rendered in the U.S. District Court of the Southern District of Texas, Civil Action Number H-O5-02504 on October 31, 2007.

This was the result of a trial held in May 2007 over debtor notes the Company entered into, recorded in their audited filings with the Securities & Exchange Commission, but refused to honor. Michael A. Barragan of Dallas, Texas represented Western Securities in the successful prosecution of this claim against the China-based company.

The Writ of Execution commands the United States Marshall to "take of the goods, land and choses-in-action of the judgment debtor enough to pay the judgment in full and the costs of this writ."

Contact Information

  • Contact:
    Western Securities Corporation
    (504) 737-3854