House & Home
EAGLE, Idaho--([ BUSINESS WIRE ])--T.J.T., Inc. (the Company), (Pink Sheets:AXLE) a" T.J.T., Inc. announced today that it has filed suit against four former management employees of the Company on the grounds of the alleged wrongful use, disclosure and acquisition of trade secrets, breach of fiduciary duties to the Company and tortuous interference with third-party relationships. The suit names Fred Amen, Doug Strunk, Mike Gentry, and former President, CEO, and Chairman of T.J.T., Inc. Terrence Sheldon.
Established in 1977, T.J.T., Inc. is a major provider of recycled axles and tires to the manufactured housing industry. It operates recycling facilities in Idaho and California and serves ten western states. In addition to the recycling business, T.J.T., Inc. also sells aftermarket products to manufactured housing, recreational vehicle, and residential markets.
This release may contain certain forward-looking statements, which are based on managementas current expectations including, but not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, competition, and changes in legislation or regulations, and other economic, competitive, governmental, regulatory, and technological factors affecting the Companyas operations, pricing, products, and services. Any forward looking statement speaks only as of the date on which the statement is made, and the Company undertakes no obligation to update any forward looking statement.
Copies of this report and additional information can be found at [ www.otcmarkets.com ], or you may contact:
John R. Doherty
Chairman of the Board of Directors
T.J.T., Inc.
208-472-2500