IHSI is pleased to announce that we are in process of approving the withdrawal of our legal counsel for the TCA litigation. We are now in direct communication with TCA to settle outside of court and do not feel we need counsel moving forward. Thank you.
We are pleased to announce that we have reengaged our auditors to bring our financials current. With most of the financials near completion we hope to become current as soon as possible. We will provide better timelines within the next couple weeks. Thank you.
Due to the continued litigation with TCA our company progress had been stalled. However we are pleased to report that we are sending another counter offer to TCA this week and are very hopeful that we are getting closer to resolution. More updates to come later this week. Thanks.
We are please to update shareholders that we are very close to settlement with TCA and do not anticipate further litigation at this time. Thank you everyone for your patience. More updates to follow.
Mr. Jones continued with, “While we have had delays as of late with our company financials, we fully expect to get our financials up to date in the coming weeks. We want to thank our shareholders for their continued patience and support.”
Jones, “We still have pending litigation with TCA in the state of Florida. We sued TCA. We will have updates soon as to pace and timing of the case. This litigation has been our biggest hurdle as a company, but we remain confident in a victory, even settlement this summer.
"Questions have been raised as to when all of this activity would begin. We are progressing these transactions in stages while we experience some delay due to pending litigation. "
Devon Jones, CEO of IHSI stated, I felt it important to let our shareholders know as of today, we have several lucrative deals pending with various companies as outlined in previous press releases.
Gabriel continued, "Combine that with our new working relationship with Bravatek, and Cresent has become an integral part of the overall IHSI business model.”
Keith Gabriel, who runs the day to day operations for Cresent stated, “The opportunities in our geographical market are substantial. Our core construction business has exploded recently with lucrative projects planned through year end..."
Jones “The Cresent team will be with us when we meet with HelpComm to discuss telecom contractor projects in North Carolina, South Carolina and Virginia. Cresent is setting up an Electrical & Telecom division at the North Carolina headquarters ..."