Form 8-K
for WORLD WASTE TECHNOLOGIES INC
30-Apr-2007
Other Events, Financial Statements and Exhibits
ITEM 8.01 OTHER EVENTS
As previously disclosed on a Form
10-K filed with the SEC on April 2, 2007 by World Waste Technologies, Inc., a California corporation, during the start-up phase of our
initial plan in Anaheim, California, we became aware of design issues
related to the steam classification vessels that we intend to use in our
operations. The steam vessels were designed and fabricated on our behalf by
Bio-Products International, Inc. ("BPI") pursuant to a contract we
entered into with BPI in July 2004. We are also party
to a sub-license agreement with BPI pursuant to which we sub-license certain
technology used in our process. We have been dissatisfied with the remediation
of these issues by BPI and have proceeded to resolve them ourselves.
Consequently, on April 13, 2007, we filed a lawsuit against BPI in the Superior
Court of the State of California
alleging, among other things, breach of contract and negligence with respect to
the construction of the vessels. We are seeking monetary damages, among other
relief sought. Although we can not ascertain what the outcome of this
litigation will be, we plan to pursue this matter vigorously.
Included in this
report as Exhibit 99.1 is a press release that describes the foregoing
litigation. The
release also describes a memorandum of understanding entered into between World
Waste and Ensyn Corp relating to a proposed research
and development arrangement."
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
|
Exhibit No. Description
----------- -----------
99.1 Press release dated
April 30, 2007
|