NESS ENERGY INTERNATIONAL, INC.
UPDATE
The Joint Report of the Status of the Court case in Israel was submitted on 1/10/14. The report states: "The Settlement negotiations between and among the parties in the Israeli action have currently broken down. While the Defendants (Ness/Viceroy) in this Oklahoma action who are also Defendants in the Israeli action have already submitted their post-trial submissions, the other Israeli Defendants (DuTsach) not involved in this action have now agreed to submit their post-trial submissions by March 9, 2014. Plaintiff (Alpha Capital) will have thirty days to submit any reply papers. When the Israeli court may thereafter render any decision is undetermined." We at Ness Energy are very pleased to hear the Israeli case is back on track. Another update will be posted as soon as the judge in the U.S. case responds to the Joint Report of Status of the Israeli Action just submitted to him.
David M. Boyce
President
Ness Energy International, Inc.
NESS ENERGY INTERNATIONAL, INC.
UPDATE
On Friday November 15, 2013, without ruling on the Plaintiff, Alpha Capital's request that the case be reopened, the Judge in Oklahoma ordered the parties to submit another status report to the Court on January 10, 2014, informing the Court of the status of the Israeli litigation. In effect, without saying so, the Judge denied Alpha's motion and is taking a "wait and see position".
The case in Israel continues to be on hold as the Plaintiff, Alpha Capital and the other co-Defendant, Du Tzach are still in settlement negotiations.
Updates will follow as there are material events that occur.
UPDATE TO NESS ENERGY INTERNATIONAL, INC. STOCKHOLDERS
UPDATE
Ness' legal counsel in Israel has reported that the Plaintiff, Alpha Capital and Co-Defendant Du Tsach are currently in settlement negotiations. Du Tzach was granted a delay by the court in Israel for the filing of the required final legal Summary because they are in ongoing settlement negotiations. Viceroy, LLC, as the other Co-Defendant will ultimately be included in any final settlement approved by the court.
In order for all those interested to better understand the legal situation in the Israeli case, a copy of the final legal Summary filed by Viceroy, LLC has been translated from Hebrew to English and has been placed on the website. The translation contains a few words that have subtle spelling differences contained in prior Updates and previously released news. Additionally there are some terms and names that most will not be familiar with that are explained in the information sheet set in a Question & Answer format.
We hope you appreciate and enjoy the details provided in the legal Summary. After reading the Summary many of you will undoubtedly have questions to submit. We will do our best to answer the most commonly asked ones in another communication. We are thankful for all of those who continue to send encouraging emails and testimonies of prayers for both cases in Israel and the US courts and continued prayers for the restoration of Ness Energy International, Inc. and the restitution of all that has been lost.
Attachments:
David M. Boyce
President
Ness Energy International, Inc.
UPDATE TO NESS ENERGY INTERNATIONAL, INC. STOCKHOLDERS
UPDATE
The first week of March Ness Energy International, Inc. filed its final summary in the case in Israel . The other co-defendant is required to file its final summary in the Israeli court this week. According to the information available at this time the Judge is expected to issue his decision in late summer or early fall of this year. Upon obtaining additional information a new posting to the website will be made.
David M. Boyce
President
Ness Energy International, Inc.
UPDATE TO NESS ENERGY INTERNATIONAL, INC. STOCKHOLDERS
UPDATE
Concerning the lawsuit in Israel, Alpha Capital as owner of Ness Energy of Israel and Plaintiff has filed its 138 page summary claim. Ness International and/or Viceroy, LLC as a co-defendant is to submit its summary claims on or before March 6, 2013. The other co-defendant, Du Tsach is scheduled to file its summary claim the first of April 2013. After all summary claims are submitted the judge will issue a decision. At this time, there is no date known when the judge will render his decision.
There is no change in the status of the lawsuit in the US Federal court.
Thank you for your continued encouraging support of Ness Energy and we look forward to having justice and equity from the courts both in Israel and the US.
David M. Boyce
President
Ness Energy International, Inc.
UPDATE TO NESS ENERGY STOCKHOLDERS
UPDATE
There are no changes in the status of Ness Energy International, Inc. or the lawsuits.
David M. Boyce
President
Ness Energy International, Inc.
UPDATE TO NESS ENERGY STOCKHOLDERS
UPDATE
On December 17, 2012 the judge in the US Federal court denied Alpha Capital's motion to reopen the case. We at Ness are very pleased with this decision as we opposed Alpha's motion. This will allow the court in Israel to issue a decision before the US court will reopen the case for the equity hearing. If the court dates in Israel stand as currently scheduled the case in the US would be reopened sometime in August or September of 2013.
We are looking forward to receiving more good news in the coming year from the court in Israel. We wish all of those Ness stockholders and friends a Merry Christmas and a 2013 filled with good health and divine favor.
David M. Boyce
President
Ness Energy International, Inc.
UPDATE TO NESS ENERGY STOCKHOLDERS
DECEMBER UPDATE
I will not be able to give specific details of the developments of the case in Israel, but we received a written update from our legal counsel in Israel and he and his associates in the law firm are very pleased with the developments in the case. Their overall positive assessment brings focus back on the case here in the US. As it stands now there will not be a decision from the court in Israel until August or September of 2013.
Alpha Capital is the plaintiff in both of the cases in Israel and here in the US. Alpha has filed a Motion requesting the case in the US be reopened. We filed a Response in Opposition to Plaintiff's Motion to Reopen for one fundamental reason. At this point we feel we need a decision from the court in Israel in order to more fairly determine the equity issue here in the US case. It may take several weeks for a decision from the court on the Motion to Reopen the case here.
UPDATE TO NESS ENERGY STOCKHOLDERS
NESS ENERGY UPDATE
There are no new developments concerning the Ness Energy lawsuits. There is still no decision from the judge in Israel. Updates will be posted as material information is available.