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News: ADA Adacel Technologies Received Adverse Ruling In Arbitration With Former CEO In State Of...

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    01/05/20
    16:40
    Post #: 44385544

    May 1 (Reuters) - Adacel Technologies Ltd (ADA) :

    • RECENTLY RECEIVED AN ADVERSE RULING IN ITS ARBITRATION WITH FORMER CEO IN STATE OF FLORIDA
    • ANTICIPATE CONTINUED IMPROVEMENT IN FINANCIAL PERFORMANCE IN FY2021
    • UPDATING ESTIMATED FY2020 ONE-TIME, NON-RECURRING COSTS TO BE IN RANGE OF $1.9 MILLION TO $2.2 MILLION FROM 1.1 MILLION TO $1.4 MILLION
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