June 15, 2001
PSI TECH INTERNATIONAL, INC.
Re: Edward Dames Judgment
Today PSI TECH was awarded a judgment against Edward A. Dames. Signed by Superior Court Judge Carlos Velategui for the State of Washington, the Court Order compels Dames to immediately turn over all intellectual property or pay a penalty of $2 million dollars plus court costs. This brings to conclusion a legal battle begun last year as the result of a theft of PSI TECH's files and intellectual property which occurred in July 2000. (See attached.)
The litigation alleged, that under Dames' direction a former PSI TECH employee (F.M. Bonsall) illegally entered the private residence and offices of my co-owner and Director Jonina Dourif, and removed valuable files, intellectual property and corporate records. In addition, numerous personal items were taken from her residence and office, which is being pursued under separate litigation.
It is sad that such extreme measures are necessary to get people to do the right thing. With all the promise and potential of remote viewing technology, I find it more than a little disturbing that former employees would stoop so low as to commit such despicable acts for personal gain.
PSI TECH remains vigorous in its quest to promote its mission and will do whatever is necessary to protect its intellectual property and business interests.