NESS ENERGY INTERNATIONAL, INC. 

UPDATE

We are very pleased to announce all pending litigation against Ness Energy International, Inc. has been settled and dismissed. For the lawsuit that was filed in 2008 in the U.S. Federal Court, Southern District Court of New York: 08 Civ.5686 (AKH), a Satisfaction of Judgment has been filed, and the case has been dismissed. The lawsuit that was filed in 2010 in the Western District Court of Oklahoma has been settled and dismissed. A Settlement Agreement and Release has been executed in order to fully resolve and forever discharge any and all claims filed or that could have been filed in the action styled Alpha Capital Anstalt v. Ness Energy International, Inc. and others, case No. 10-1218 (WD Okla.). 

Under the Settlement Agreement and Release, Ness Energy International, Inc., the company that was traded publicly, is to be released from all of the claims and associated debts concerning loans signed in May of 2006, including any interest or penalty due under the terms of agreements, in return for the assignment of rights to the stock in Ness Energy of Israel, the private subsidiary of Ness Energy International, Inc. in Modi’in, and other associated rights in the pending lawsuit in the Central Area District Court of Israel, Civil File No. 40762-10-10. 

Plans for Ness’ full restoration and pursuit of its vision will proceed. As soon as materials change and/or newsworthy progress is made, an update will be posted on the website. Again, I want to say THANK YOU to everyone who has continued to pray and believe faithfully in the restoration of Ness Energy International, Inc. 

David M. Boyce
President and CEO
Ness Energy International, Inc.

NESS ENERGY INTERNATIONAL, INC. 

UPDATE

On April 29, 2014, the Settlement Agreement and Release was signed that ended the litigation concerning Ness Energy International, Inc. and Alpha Capital. We are awaiting the last Satisfaction of Judgment from the federal court in New York. The last document was prepared by our attorney and submitted to the court on the 30th of September. It is expected to be signed by the judge and returned sometime within the next two weeks or so. Upon receipt of this last release, Ness Energy International, Inc. will be free of all litigation both in the U.S. and Israel. In the settlement, Ness was forgiven $1.2 million of debt and penalty in exchange for the assignment of the stock in Ness of Israel, which was the subsidiary that owned the stock in the holding company in Israel. Because two dry holes were drilled on two of the three offshore licenses held by Modi’in, with the professional opinion of a very experienced Israeli geologist, it was obvious there was no economic benefit to continue the litigation.

Upon receipt of the remaining Satisfaction of Judgment from the federal court in New York, the process will begin to return Ness to trading on a public exchange. We estimate it will be a three- to six-month process to obtain approval from the U.S. Securities and Exchange Commission; however, there is no guarantee of the time frame, as there may be other unforeseen issues to deal with before the approval is granted.

As always, thank you for your continued prayers for not only the restoration, but also the recreation and reestablishment of Ness Energy International, Inc.

David M. Boyce
President/CEO

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:

FAQ's

Holdings Structure

Flow Chart

Court Summary

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

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.