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Counsel Corporation Subsidiary Files Patent Infringement Lawsuit Against Four Telecommunications Companies
Thursday, August 27, 2009
Toronto, Ontario -- Counsel Corporation (TSX: CXS) ("Counsel") today announced that C2 Communications Technologies Inc., a wholly-owned subsidiary of C2 Global Technologies Inc. (OTCBB: COBT) ("C2"), has filed a patent infringement lawsuit against PAETEC Corporation, Matrix Telecom, Inc., Windstream Corporation, and Telephone and Data Systems, Inc. Counsel owns approximately 91% of C2.
The complaint was filed in the United States District Court for the Eastern District of Oklahoma and alleges that the defendants' services and systems utilizing Voice over Internet Protocol ("VoIP") infringe C2 Communications Technologies Inc.'s U.S. Patent No. 6,243,373, entitled "Method and Apparatus for Implementing a Computer Network/Internet Telephone System". The complaint seeks an injunction, monetary damages and costs.
C2 Communications Technologies Inc. is represented in this litigation by Susman Godfrey, LLP and The Ware Firm.
About Counsel Corporation
Counsel Corporation (TSX:CXS) is a private equity investor and alternative asset manager that actively partners with businesses to achieve shared success and to unlock value through leveraging its relationships, access to capital and strategic market experience. For further information, please visit Counsel's website at www.counselcorp.com.
About C2 Global Technologies Inc.
C2's (OTCBB: COBT) primary business is the development and licensing of its patents, which include two foundational patents in VoIP technology. C2 is also involved in the acquisition and disposition of distressed and surplus assets through its interest in Counsel RB Capital LLC. For further information, please visit C2's website at www.c-2technologies.com.
Forward-Looking Statements
The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address Counsel and C2's expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which the Companies currently operate, but because of the factors listed herein, as well as other factors beyond Counsel and C2's control, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to, obtaining necessary approvals and other risks detailed from time to time in the Companies' securities and other regulatory filings.
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