American Technologies Group, Inc. Issues Statement
| Updated: Wed, May 30 3:22 PM EDT |
MONROVIA, Calif. (BUSINESS WIRE) - American
Technologies Group, Inc. (ATG) today issued the following statement:
ATG Responds to Orchestrated Attack
American Technologies Group, Inc. (ATG) (OTCBB:ATEG) today said
that a news release issued by attorney Michael Stoller on Friday, May
25, 2001 on behalf of his client, BWN Nuclear Waste Elimination
Corporation, i.e., the Carroll brothers, is misleading and part of an
unlawful pattern of conduct orchestrated by a group connected with the
Church of Scientology, and led by prominent members of that church,
the Carroll brothers and Michael Stoller, long-time leading
Scientologists.
ATG noted that this is not the first time that attorney Stoller
has released misleading and false data on behalf of his clients to the
detriment of both truth and the interests of ATG. In December, 2000,
he falsely and inaccurately mischaracterized a successful grant of a
Preliminary Injunction obtained by ATG to protect its core
technologies against onslaught by Bio-Friendly and the Carroll
brothers. All of these legal various actions and lawsuits with the
Carrolls and their proxies began after Noel Carroll visited the
Company in March of 2000 openly declaring that he was going to take
the baser and catalyst technology owned by ATG and commercially
exploit it through the vehicle of Bio-Friendly and BWN. ATG
successfully prevailed in securing a temporary injunction to prevent
that theft of ATG's technology from happening.
The lawsuit attorney Stoller refers to in his May 25th release is
clearly a nuisance lawsuit since the terms of the license agreement
with ATG on the baser are clearly governed by compulsory arbitration
provisions dictated by the agreement itself. Finally, as an additional
example of this news release warfare carried forward by these
Scientologists against ATG and its shareholders, on May 21st the
Company received a settlement proposal from Bob Carroll demanding
"that the baser and all developments thereof including the IE crystal
technology are delivered to BWN NWEC". The last paragraph in the memo
contained the threat that "Unfortunately, I am having difficulty
holding back further press releases that Noel has instructed Michael
Stoller to issue, so could you please come back to me by return."
The actions of Michael Stoller and the Carrolls are nothing less
than an attempt to take for themselves what belongs to the ATG
shareholders. These matters are so serious and so continuing that the
Company is seeking a U.S. Department of Justice investigation of the
fraud, the attempts at theft, and any connection with the Church of
Scientology which the Company has reason to believe is fully aware of
these unlawful acts.
