SOURCE: Artificial Life, Inc.

Artificial Life, Inc.

January 06, 2014 06:19 ET

Artificial Life Settles Law Suit

HONG KONG, CHINA--(Marketwired - Jan 6, 2014) - Artificial Life (PINKSHEETS: ALIF), a Hong Kong based consulting and investment company, announced today that it, together with its co-plaintiffs Artificial Life Asia and Artificial Life Europe GmbH, have withdrawn their case against KPMG filed in the High Court of Hong Kong on December 20, 2011. The case has been settled on terms mutually satisfactory to the parties on a confidential basis.

"We are satisfied with the outcome of this case, and can now focus again on our core business and expansion," said Eberhard Schoneburg, CEO of Artificial Life, Inc. 

About Artificial Life, Inc.

Artificial Life, Inc. is a new kind of investor and business consulting and investment company. We act as a global business network provider and facilitator for our investment companies, assisting them in their funding efforts, sales, production, and general business development activities. We also act as an investment scout identifying and analyzing investment targets for clients and help partners to develop their business in Asia. Artificial Life, Inc. is a Delaware-registered corporation founded in 1994 in Boston. Our shares are traded on the OTC market (PINKSHEETS: ALIF). Our global headquarters is in Hong Kong.

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