Official Announcement of Feetech Inc. for Coolsat

Freetech, Inc., the South San Francisco based importer and distributor of the Coolsat line of Free-to-Air Satellite receivers announces that it will dissolve and cease operations as part of its agreement to resolve a lawsuit filed by DISH Network, EchoStar Technologies and NagraStar (collectively “DISH Network“). DISH Network filed suit against Freetech in December of 2007 asserting that Coolsat receivers were primarily designed and used for the piracy of DISH Network‘s satellite television programming. Freetech acknowledges that Coolsat receivers were used for this purpose and apologizes for any harm caused to DISH Network. As part of the resolution of the lawsuit, the Court entered a consent judgment finding in favor of DISH Network, EchoStar and NagraStar in the aggregate amount of $106,000,000.00 and entering a permanent injunction against Freetech and its officers and certain employees. Freetech has also agreed to cooperate with DISH Network in its current and future anti-piracy actions.

Date : Nov 29, 2009
Freetech Inc.

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