11:18:09 EST Thu 26 Dec 2024
Enter Symbol
or Name
USA
CA



AirIQ Inc (2)
Symbol IQ
Shares Issued 29,360,074
Close 2024-07-12 C$ 0.42
Market Cap C$ 12,331,231
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Direct Comm sues AirIQ, alleges breach of contract

2024-07-15 09:39 ET - News Release

See News Release (C-DCSI) Direct Communication Solutions Inc (2)

Mr. Chris Bursey of Direct Communication reports

DCS COMMENCES LEGAL ACTIONS IN THE US AND CANADA

Direct Communication Solutions Inc. commenced a legal action last week in the Ontario Superior Court of Justice against AirIQ Inc. that includes allegations of breach of contract and breach of confidence. This follows an earlier action brought by Direct Communication Solutions in California against Michael Lawless, a former senior executive with Direct Communication Solutions and now the chief revenue officer of AirIQ, alleging breach of fiduciary duty, breach of contract and conversion.

"The technical and innovative solutions DCS has developed are vital to our future growth and success," said Chris Bursey, chief executive officer of Direct Communication Solutions. "DCS has invested heavily in the development of such solutions, which are the cornerstone of our value and competitive advantage in the IoT [Internet of things] industry."

Direct Communication Solutions has retained Lewis Kohn & Walker LLP to represent it in the California action against Mr. Lawless.

Direct Communication Solutions has retained Cassels Brock & Blackwell LLP to represent it in the Ontario action against AirIQ.

About Direct Communication Solutions Inc.

Direct Communication Solutions is a technology solutions integrator focusing on connecting the Internet of things. The company provides real solutions that solve real problems. Direct Communication Solutions' software applications and scalable cloud services collect and assess business-critical data from all types of assets. Direct Communication Solutions is headquartered in San Diego, Calif.

We seek Safe Harbor.

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