PSI TECH International, Inc.
February 15, 2001
RE: Ed Dames Personal Attacks on PSI TECH management.
In an effort to make PSI TECH look bad and create ill will among our customer base, Ed Dames, has for the last year been making derogatory comments about PSI TECH's management. The latest was a remark made on Art Bell's nationally syndicated radio show where in an answer to a caller's question he stated he left PSI TECH for "ethical reasons" due to company management.
As the person who bought out Mr. Dames' shares and took over his management of the company, let me set the record straight. The truth is he resigned from the company in April of 2000 because of a very large legal judgment that was awarded against him and the company, by a California court in the amount of $435,000. The judgment was for a lawsuit dealing with a breach of contract; a contract he entered into and later failed to honor. Rather than deal with the problem in a straight forward manner, he resigned as President of PSI TECH, and went into hiding. Joni immediately took the helm and over the next several months she and I began dealing with the company's problems which included settling the judgment, and paying back wages to PSI TECH employees who hadn't been paid in many months.
So when Ed Dames says he left the company he founded for ethical and moral reasons, it makes those of us who worked hard to fix all those problems, sick to our stomachs. In my opinion, as PSI TECH's former president and owner, Ed Dames made seriously flawed management decisions, didn't honor his contracts, and bled the company of its cash instead of paying employees. Then instead of sticking it out, he ran away from the problems when the going got tough.
Now he's using his public platform to make it seem as if the current management of PSI TECH is unethical and dishonest. Sorry Ed, your deception might have worked in the military but it won't cut it out here in the real world. Everyone can finally see the emperor isn't wearing any clothes.