|
| ||||||||||||||
Sustainable Power Corp.'s Clarification Relating to Bartley Law Offices and Daniel Bartley BAYTOWN, TX--(MARKET WIRE)--Oct 7, 2008 -- Sustainable Power Corp. (Other OTC:SSTP.PK - News)
advises investors that while no formal termination of Bartley
Law Offices
had occurred prior to his resignation on October 1, 2008,
that as General
Counsel Daniel Bartley had indeed not only completed legal
services for
SSTP but also received stock of SSTP for services. As such,
Sustainable
Power believes that Mr. Bartley continues to owe a legal
duty to SSTP to
protect
attorney-client privileged information and avoid conflicts
of interest.
The Board and Management at SSTP had nonetheless weeks ago
terminated
further discussions and utilization of Bartley Law Offices
amid the serious
allegations of fraud related to Redwood Consultants LLC
by the Company. As
Bartley Law Offices were referred to the Company by Redwood,
management
determined that further utilization of his services had
become untenable.
Mr. Bartley has subsequently advised SSTP that he continues
to represent
Redwood Consultants LLC despite what SSTP believes is a
serious conflict of
interest. SSTP has demanded that he terminate this relationship. Effectively the inside legal role for the Company has been undertaken by Cutler Law Group, SSTP's corporate securities counsel who is currently preparing investor disclosures and SEC filings which await completion of our ongoing financial audit. Management of Sustainable Power regretfully believes that the press release from Bartley Law Offices released on October 2, 2008 contains information which would be considered attorney-client privileged and consequently violative of Mr. Bartley's duties to Sustainable Power. Safe Harbor Statement Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company. Contact: Investor Contact:
Fusion Consulting Group, LLC.
(702) 434-8692
Source: Sustainable Power Corp.
| ||||||||||||||