Greyson International, Inc. Reaches Agreement in Lawsuit
Boca Raton, Fla. – April 30, 2009 – Greyson International, Inc. (GYSN.PK) announced today that it has reached an agreement which resolves a lawsuit filed by Greyson shareholder Franklin P. de Marco, Jr. against Greyson International, Inc., Damage Control Technologies, Inc. and certain executives in the Circuit Court in Palm Beach County, Fla.
“We are very pleased to have amicably resolved this lawsuit with Franklin P. de Marco, Jr.,” said Greyson International President and CEO Harvey Tauman. “We look forward to maintaining our focus on Greyson’s continued development and release of our products and applications.”
About Greyson International, Inc.
Greyson International, Inc. is a research, development and marketing company that markets health and beauty aid products. Greyson has developed a new delivery method, the Trilexon® system, which will improve the effectiveness of virtually every topical application in today’s cosmetic market and every over-the-counter topical drug application. Trilexon® is a registered trademark of Greyson International. For more information, visit www.greysonproducts.com.
This release contains information about management’s view of our future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with our financial condition, our ability to sell our products and our ability to compete with competitors. We encourage you to review other factors that may affect our future results on any current or future documents we file periodically with the Securities & Exchange Commission.