Play LA Inc. (OTCBB: PLLAF) ("the Company"), announces that it has
issued a Notice of Claim against SecureOne Corporation and the eleven
major shareholders of SecureOne Corporation, for breach of the Share
Purchase Agreement they signed on December 12, 2012 with the Company.
The claim seeks damages in the amount of $10,798,500 plus costs. Under
the terms of the Share Purchase Agreement, SecureOne Corporation has 60
days to respond before the Company files an action with the Eastern
Caribbean Supreme Court, High Court of Justice ( Commercial Division )
Virgin Islands. NFC Data Inc. changed its name to SecureOne Corporation
on May 6th, 2014, seven days after settling with the Company
on monies owed for loans, accrued interest and legal costs.
About Play LA Inc. ( www.playlainc.com
)
Play LA Inc. is an international online publishing company that
owns and operates a global network of multi-language websites. The
Company currently owns and operates 6 websites that reach hundreds of
thousands of people across the UK and Europe each month, who are
specifically looking for the unique sports news, advice and tournament
information published throughout Play LA’s websites for the Sports,
Casino Games and the Poker industry.
Forward-Looking Statements:
This press release includes
forward-looking statements as determined by the U.S. Securities and
Exchange Commission (the "SEC"). All statements, other than statements
of historical facts, included in this press release that address
activities, events, or developments that the Company believes or
anticipates will or may occur in the future are forward-looking
statements. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed
or implied by such forward-looking statements. The Company does not
intend (and is not obligated) to update publicly any forward-looking
statements. The contents of this press release should be considered in
conjunction with the warnings and cautionary statements contained in the
Company's recent filings with the SEC.
Company Contact:
Play LA Inc.
David Hallonquist
www.playlainc.com
246-431-0493
Copyright Business Wire 2014