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This excerpt taken from the CIMT 6-K filed Jul 5, 2007. Cimatron Reports Decision in Omega Arbitration
Arbitration decision reflects no further expense to be recorded on Cimatrons
financial Givat Shmuel, Israel, July 5, 2007 Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, today announced the issuance of a decision in its previously disclosed arbitration with Omega Adem Technologies Ltd. Under the arbitrators decision, Cimatron will pay to Omega approximately $145 thousand. This amount, together with other expenses that Cimatron had on this case, are within the amounts that Cimatron already accrued in 2005, and accordingly, no further expense will be recorded on Cimatrons financial statements. |
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