WAYNE, Pa., April 25, 2012 /PRNewswire/ -- VitaminSpice, Inc.
(PINKSHEETS: VTMS) announces that the Federal Bankruptcy
Court for the Eastern District of Pennsylvania has dismissed the involuntary
bankruptcy petition that was filed against the company by its
former attorney Jehu Hand, Ray
Suprenard (IBT Florida), Jeremiah
Hand, John Robison
(Orange, California), and
Esthetics World.
The Honorable Court further ordered that a Hearing be held
regarding attorneys fees and damages. Furthermore, the Court
Ordered that a Hearing be scheduled to hear
VitaminSpice's "Bad Faith" Motion regarding the Filing of the
petition. The Motions filed before this court included
explicit documents provided to the court that demonstrated
forgeries by petitioners, specifically Jehu Hand. One
of the most outrageous documents that VitaminSpice provided is a
back dated and notarized (by Jehu Hand's assistant, Kimberly Peterson) that was submitted to
the offices of The United States Federal Court for the Eastern
District of Pennsylvania's
District Court Judge, Michael
Baylson.
During the proceedings, petitioner John
Robison admitted to providing investment funds via
Kevin Lee Woodbridge, a convicted
felon on securities violations. According to the SEC website,
Woodbridge was banned for life from working with any public company
in addition to Woodbridge's incarceration.
The Court will schedule a separate hearing to allow the parties
to augment the present record with regard to the issue of whether
VitaminSpice is entitled to fees and costs pursuant to 11 U.S.C.
section 303(i). At that time, the Court will consider the issue of
bad faith as it relates to VitaminSpice's section 303(i)
requests, stated the Judge Madeline D.
Coleman in documents issued by the court.
VitaminSpice, by and through its attorneys will be submitting
actual, compensatory, and punitive damage claims against all
parties that filed the involuntary petition.
About VitaminSpice
VitaminSpice is uniquely positioned between the $150 billion health food/vitamin supplement
industry and the multi-trillion-dollar traditional food industry. A
pioneer in the emerging FoodCeutical Industry, VitaminSpice sells
vitamin-, mineral- and antioxidant-infused spices and food
products. Their offerings include Crushed Red Pepper, Ground Black
Pepper, Italian Seasoning, Ground Cinnamon and Granulated Garlic. A
proprietary micro-encapsulation process keeps vitamin properties
locked inside, even when heated, allowing the seasonings,
condiments, and food products to retain their full flavor.
VitaminSpice Safe Harbor
This News Release may contain "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934. Although the
Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations will prove correct.
Contact:
Edward Bukstel
CEO
VitaminSpice, Inc.
ebukstel@vitaminspice.net
484.367.7401
SOURCE VitaminSpice, Inc.