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Post by Franko10 ™ on Oct 14, 2005 6:34:17 GMT -5
Creditors File Petition for Bankruptcy Against Oretech, Inc.
COLUMBUS, Ga.--(BUSINESS WIRE)--Oct. 13, 2005--The following creditors of Oretech, Inc. today announced that they have filed an involuntary petition for bankruptcy against Oretech, Inc. (Pink Sheets:ORTE) and affiliated predecessor companies ("Ortech"), under Chapter 11 of the Bankruptcy code in the United States Bankruptcy Court for the Middle District of Georgia, Columbus Division, case number 05-42449-JTL dated October 11, 2005: Creditors: George W. Jeter (ORTE Shareholder), Francis Hargarten (ORTE Shareholder), Jeff Smith (Investor), Jay W. Hobson (ORTE Shareholder), Christopher M. Kiggins (ORTE Shareholder), and Steve Butler (Investor).
The total claims of these six creditors amounts to $832,143 for unsecured debt and unpaid wages.
In other matters on October 4, 2005, Christopher Kiggins has resigned as Secretary, Treasurer and Director of Oretech, Inc., a Nevada Corporation effective October 4, 2005.
The petitioning creditors respectfully request that management of Oretech file the appropriate disclosure statements with the Securities and Exchange Commission regarding both the bankruptcy petition and the resignation of Christopher Kiggins.
Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expect," "intends," "believes," "plans," "anticipates," "approximately," and "likely," also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure, disruption of communications services marketplace, and due to natural disaster. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995.
Contacts
Creditors of Oretech, Inc., Columbus
George W. Jeter
Jeff Smith
Jay W. Hobson
Christopher M. Kiggins
Steve Butler
Francis Hargarten
706-562-0902
COLUMBUS, Ga.--(BUSINESS WIRE)--Oct. 13, 2005--The following creditors of Oretech, Inc. today announced that they have filed an involuntary petition for bankruptcy against Oretech, Inc. (Pink Sheets:ORTE) and affiliated predecessor companies ("Ortech"), under Chapter 11 of the Bankruptcy code in the United States Bankruptcy Court for the Middle District of Georgia, Columbus Division, case number 05-42449-JTL dated October 11, 2005: Creditors: George W. Jeter (ORTE Shareholder), Francis Hargarten (ORTE Shareholder), Jeff Smith (Investor), Jay W. Hobson (ORTE Shareholder), Christopher M. Kiggins (ORTE Shareholder), and Steve Butler (Investor).
The total claims of these six creditors amounts to $832,143 for unsecured debt and unpaid wages.
In other matters on October 4, 2005, Christopher Kiggins has resigned as Secretary, Treasurer and Director of Oretech, Inc., a Nevada Corporation effective October 4, 2005.
The petitioning creditors respectfully request that management of Oretech file the appropriate disclosure statements with the Securities and Exchange Commission regarding both the bankruptcy petition and the resignation of Christopher Kiggins.
Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expect," "intends," "believes," "plans," "anticipates," "approximately," and "likely," also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure, disruption of communications services marketplace, and due to natural disaster. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995.
Contacts
Creditors of Oretech, Inc., Columbus
George W. Jeter
Jeff Smith
Jay W. Hobson
Christopher M. Kiggins
Steve Butler
Francis Hargarten
706-562-0902
