SOURCE: H-Quotient, Inc.

March 02, 2006 12:39 ET

H-Quotient Announces End of Litigation

VIENNA, VA -- (MARKET WIRE) -- March 2, 2006 --H-Quotient, Inc., (OTC: HQNT) announced final resolution of litigation that commenced on April 7, 2004. The Company was sued for more than $10 million in the Rao et al v. H-Quotient matter. Today all parties completed a settlement agreement that terminated all claims and resulted in no award to any party.

President and CEO Douglas Cohn said, "The Company has always maintained that this case was without merit, and today's result confirms that assessment."

This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

For more information visit the H-Quotient web site at www.hquotient.com and the Standard Holdings Group web site at http://www.standardholdingsgroup.com

Contact Information

  • Contact:
    H-Quotient, Inc.
    (703) 821-3434