LAS VEGAS, April 25, 2007 (PRIME NEWSWIRE) -- Hansen Gray & Company, Inc. (Pink Sheets:HGCP) announced today that the Company has resolved and settled all outstanding litigation with and against its former director and CEO, Mark Gray. The settlement was on terms mutually acceptable to both the Company and Gray. The terms of settlement were not disclosed. Frank Weber, President of Hansen Gray & Company, said that, "We are very pleased to resolve this matter. We look forward to the future, the growth and development of our business, and to the success of our capital investments."
About Hansen Gray and Company, Inc.
Hansen Gray and Company, Inc. (Pink Sheets:HGCP) is a strategic venture capital firm that acquires or invests in companies, which through growth or acquisition, have the potential to become leaders in their respective markets. Please visit Hansen Gray at http://www.hansengray.com
Safe Harbor
This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Hansen Gray & Company, Inc.'s future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.