Chicago, July 17, 2025 (Globe Newswire) -Frequency Holdings Inc. (OTC: YCRM), a Public Company in Nevada, publishes this clarification after a press release distributed on July 17, 2025 by Luciano Aguayo, a suspect in the original and now defective lawsuit applied by Reachout Technology Corp., a former subsidiary of YCRM.
The judgment referred to in the release has no financial or legal impact on YCRM. The company retains full ownership and operation of assets that have been killed again, including customer contracts and intellectual property.
YCRM is not liable – but the claims against Aguayo remain alive
The judgment has no influence on YCRM. Claims originally filed against Mr Aguayo, estimated during mediation on more than $ 9 million, were without prejudice and remain enforceable. These can be re -delivered at any time by the current rights holder. The new owner of Reachout Technology Corp. Can pursue these claims at any time.
The judgment of the court was procedural – no ‘justification’
In contrast to the implication of Mr Aguayo’s release, the standard judgment was given exclusively due to the lack of legal representation of Teachout Technology Corp. After the sale. No discovery had begun, deposits given or presented evidence at the moment of judgment. The judgment of the court was procedural, as stated in official hearing minutes, it had nothing to do with the facts or the truth of the case. It happened because the previous subsidiary did not have a lawyer at the time.
Aguayo’s allegations about conflicting court reports
Judicial documents confirm that lawyer Matt Nirider left his law firm (Nelson Mullins) for an internal role. The motion to withdraw explicitly, states: “According to the departure of the lawyer Nirider, Reachout and Jordan, desire to retain new council.” The withdrawal of the company was based solely on lawyer’s movement and customer choice, no negative facts.
Misleading statement that was wrongly cited as “witness” – former employee was fired for the reason
The misleading statement that was referred to as “under oath in the federal court” was not at all testimonies from the court, except for a statement from a former employee who was terminated for leaving jobs, underperformance and later turned out to have a conflict of interest for non -known business activities. She was not subject to cross -hearing and stands for credibility challenges in a procedure.
Customer contracts were returned and remain active
In April 2025, YCRM publicly revealed its realization of customer contracts, intellectual property and operational assets of the Original Reachout Technology Co. These are now under a new, fully operational subsidiary. This deal is completely separate from the rejected lawsuit and confirms the continuity and commercial power of YCRM.
Rick Jordan, CEO of Frequency Holdings, stated: “We do not allow wrong information to be distracted from the reality we have built. Our customers stayed. Our company is stronger than ever. And everyone who tries to rewrite history for his own PR stunt must be careful what they invite.“
YCRM reserves all rights. All legal remedies remain available and active. Every future lawsuit against Aguayo, whether it is a civil or criminal in nature, remains entirely within the discretion of the power holder.
This declaration is only provided for shareholders, regulators and stakeholders and does not constitute admission, denial or distance from a legal law or function.
PR contact:
Cheryl Conner
SnappConner PR
801-806-0150
info@snappconner.com
Pr@frequencyhold.com
