8-K 1 v088909_8k.htm Unassociated Document
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
 
 
Date of report (Date of earliest event reported): September 19, 2007


PSI CORPORATION
(Exact Name of Registrant as Specified in Charter)
 
NEVADA
 
000-20317
 
88-0270266
(State or Other Jurisdiction
of Incorporation)
 
(Commission File Number)
 
(I.R.S. Employer 
Identification No.)
 
 
7222 COMMERCE CENTER DRIVE, SUITE 240, COLORADO SPRINGS, CO 80919
(Address of Principal Executive Offices) (Zip Code)

(719) 359-5533
 (Registrant's Telephone Number, Including Area Code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
Item 8.01. Other Events.

On September 19, 2007, PSI Corporation (the “Company”) and friendlyway AG (“firndlyway”) reached a mutually-agreeable resolution of the litigation between them. friendlyway had initiated the litigation in April 2007 by filing a lawsuit against the Company in California Superior Court, which was later removed to United States District Court. In June 2007, the Company brought counterclaims against friendlyway and also filed a separate lawsuit against friendlyway and others in United States District Court.
 
The confidential settlement between the Company and friendlyway resolves all differences between them. The other defendants to the Company’s lawsuit are not parties to the settlement.
 
 
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SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


  PSI CORPORATION
   
Dated : September 24, 2007
By: /s/ David Foni                                              
 
Name: David Foni
 
Title: Chairman and Chief Executive Officer


 
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