Sale of Assets to Westhouse Medical
New York, May 16, 2013 AEST (ABN Newswire) - Sunridge International (
PINK:SNDZ), announced today that it will not be moving forward with the sale of its assets to Westhouse Medical of London, England due to Westhouse's failure to make certain payments as required by the asset purchase agreement entered into between the parties.
Sunridge intends to invoke the arbitration provision of the asset purchase agreement to address issues raised as a result of Westhouse's failure to make the required payments.
Contact
Jeff Smith, Sunridge International
T: +1-480-837-6165
e-mail: info@sunridgeint.com
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