Artificial Life, Inc. : Artificial Life settles law suit
January 10, 2014 at 01:53 am
By
Share
Artificial Life settles law suit
Hong Kong, January 6, 2014: Artificial Life (ALIF), a Hong Kong based consulting and investment company, announced today that it, together with its co-plaintiffs Artificial Life Asia and Artificial Life Europe GmbH, have withdrawn their case against KPMG filed in the High Court of Hong Kong on December 20, 2011. The case has been settled on terms mutually satisfactory to the parties on a confidential basis.
"We are satisfied with the outcome of this case, and can now focus again on our core business and expansion" said Eberhard Schoneburg, CEO of Artificial Life, Inc.
About Artificial Life, Inc.
Artificial Life, Inc. is a new kind of investor and business consulting and investment company. We act as a global business network provider and facilitator for our investment companies, assisting them in their funding efforts, sales, production, and general business development activities. We also act as an investment scout identifying and analyzing investment targets for clients and help partners to develop their business in Asia. Artificial Life, Inc. is a Delaware-registered corporation founded in 1994 in Boston. Our shares are traded on the OTC market (ticker: ALIF). Our global headquarters is in Hong Kong.
For more information on Artificial Life, Inc., please visit: www.artificial-life.com
Contact:
Artificial Life IR and PR Contact:
Tel: (+852) 3102 2800
ir@artificial-life.com
Artificial Life, Inc. is an incubator and investor, investment scout and business advisor. The Company focuses on technology areas, including mobile and wireless technology and content, Internet technology and content, Internet of Things, Augmented Reality, Virtual Reality, games, social networks, new media, interactive television, banking and finance software, artificial intelligence applications, genetic algorithms, neural networks, production optimization and logistics. It enables companies to find investment targets with a focus on Asia and Greater China, and Central Europe. It enables companies to enter new markets and enables them to raise funds for their expansion. The Company offers products, including Opus-M Version 2.0, MobileBooster, Opus-M Health, GluCoMo, Opus-M Health: Neurodermatitis, MoPA-TV, Opus-M Social, EcoChamp, ALife-PortfolioManager, SmartEngine and 3D Game Engine. It also enables due diligence and valuations of targets, as well as the analysis of businesses.