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Satx Inc

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CALIFORNIA | LOCAL
May 30, 2000
ORA Electronics Inc. of Chatsworth has sold a majority interest to SATX Inc. Under a stock-purchase agreement, majority shareholder Ruth Cooper sold SATX about 4 million shares of ORA stock. Cooper received cash, 400,000 shares of SATX stock and other considerations. ORA Electronics develops interface solutions and peripheral accessories for wireless communication devices. SATX Inc. is a telecommunications technology company based in Tampa, Fla.
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BUSINESS
August 8, 2001 | Bloomberg News
SATX Inc., a wireless communications company once based in Laguna Hills, said Tuesday that it settled a 1997 shareholder lawsuit by agreeing to distribute 4 million stock warrants among the group of plaintiffs. SATX, which admitted no wrongdoing, said the warrants may be exercised at $1 over a period of four years. The suit alleged that SATX executives and directors misrepresented the viability and availability of SATX's AlphaTrak product lines, a Global Positioning System.
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