VANCOUVER, British Columbia, Feb. 16, 2018 (GLOBE NEWSWIRE) — RSI International Systems Inc. (TSX-V:RSY) (RSI or the Company) today reported that it has reached an agreement (the Settlement Agreement) to settle a billing dispute with one of its customers, as first reported on November 3, 2017.
RSI President & CEO, Tim Major, commented, Although we feel our case was strong, the prospect of a protracted and time consuming litigation with uncertain consequences led us to conclude that settlement was the best course of action, allowing us to direct our full focus on improving our business.
Mr. Major concluded, We worked hard and are extremely disappointed that we werent able to renew our business relationship with this customer. Ho…
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