JitneyTrade Files Cross-Claim against Eidolon Systems, Mansouri and Ribeiro

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2013) - Peter Beck, founder and President of Orbixa Technologies Inc., today announced JitneyTrade Inc. has filed a statement of defense and a cross claim against its co-defendants.

In its cross claim, JitneyTrade alleges that any breach of confidential information or breach of fiduciary duties were breaches by Ribeiro, Mansouri or Eidolon Systems. JitneyTrade claims against Eidolon Systems, Mansouri and Ribeiro for contribution and indemnity for any amounts it is adjudged liable to pay to Orbixa's main action.

Toronto-based Orbixa Technologies supplies leading edge trading technology to clients on a cost-effective basis.