Catch the Wind Announces Filing of Complaint Against Philip Rogers, Alisa Rogers, Elizabeth Dakin, Falcon Fifty, LLC and Tristar Aviation, LLC
CHANTILLY, VA, Feb. 14, 2012 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW), providers of optical turbine control systems (OTCS), announced today that it, together with its wholly-owned operating subsidiary Catch the Wind, Inc. ("CTW Virginia"), has filed a complaint in the Circuit Court for Prince William County, Virginia, against Philip L. Rogers (former President, Chief Executive Officer and Chairman of the Board of Catch the Wind and a former director of CTW Virginia), his wife Alisa Rogers (former director of Catch the Wind and a former director and Vice President of CTW Virginia) and their daughter, Elizabeth Dakin (a former director, Secretary and Treasurer of CTW Virginia), as well as Falcon Fifty, LLC and Tristar Aviation, LLC (entities owned and controlled by Philip and Alisa Rogers). Catch the Wind is seeking damages in the amount of $18.6 million plus the costs of the action, and the rescission of the Falcon 50 aircraft purchase transaction.
About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in Chantilly, Virginia. The company was founded in 2008 to develop and manufacture the Vindicator® optical turbine control system.
Catch the Wind markets optical wind sensor systems, recognized as the "gold standard" in wind measurement. The Company is focused on becoming a major contributor in making clean, renewable wind energy more affordable and profitable. For more information, visit www.catchthewindinc.com or follow us on Twitter at www.twitter.com/CatchTheWindInc.
Forward-Looking Information
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