| By Marketwire . |
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| March 30, 2007 12:30 PM EDT |
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VANCOUVER, BC -- (MARKET WIRE) -- 03/30/07 -- The World Hockey Association (PINKSHEETS: WHKA) today confirmed it has hired the Law Offices of Michael E. Kulwin in
Nevada for its legal defense and upcoming counterclaim in US Federal Court
against Nexus Asset Holdings LLC and Global Developments Inc.
On February 16, 2007, The World Hockey Association (WHA) was named as a
defendant in a complaint filed in the United States District Court of
Nevada by Nexus Asset Holdings, LLC (Nexus), and Global Development, Inc.
(Global). The complaint alleges a wide variety of actions on the part of
the WHA and William R. Smith, Robert M. Hull, and Peter Young, all
directors of WHA Corp.
The WHA firmly believes that the allegations by Global and Nexus are
without any merit. The WHA and the individual defendants, William R.
Smith, Robert M. Hull, and Peter Young, will vigorously defend themselves.
WHA has engaged the Law Offices of Michael E. Kulwin in Nevada for the
express purpose of filing a defense and counter action against the
plaintiffs as well as other individuals associated with the plaintiffs.
WHA CEO Ricky Smith stated, "I am not going to elaborate very much here.
We are going to let our response and forthcoming counterclaim speak for
itself. Shareholders can be assured that we are diligently at work on the
resolving the issues concerning this matter."
About the World Hockey Association:
The WHA created the WHA Junior West Hockey League to promote the sport of
hockey. The Junior West Hockey League is an alternative, community-based
league for highly skilled junior players, and is designed to promote high
standards of sportsmanship in hockey. The 2007-2008 season will feature an
expansion from six to sixteen teams and will see the WHA firmly established
in British Columbia, Alberta and the Northwestern United States.
As a listed company on the Over-The-Counter Pink Sheets our mission is to
provide a financially sound economic model that is responsible to WHA
investors, coaches and staff, and the junior hockey players participating
on each team. Fan satisfaction is a primary consideration in our decision
making process.
Forward-Looking-Statements
Safe Harbor statement under the Private Securities Litigation Reform Act of
1995: Except for historical information contained herein, the matters
discussed in this press release are forward-looking statements that involve
risks and uncertainties, including but not limited to economic,
competitive, governmental and technological factors affecting the company's
operations, markets, products and prices and other factors discussed in the
company's various filings with the Securities and Exchange Commission.
CONTACT:
V. Ackland
416-996-1789
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