FACT CHECK: Frequency Holdings YCRM Issues Clarification On Procedural Judgment; No Liability to Company, Litigation Exposure Remains for Luciano Aguayo
Frequency Holdings (OTC: YCRM) has issued a clarification regarding a recent press release by Luciano Aguayo concerning a procedural court judgment. The company emphasizes that the judgment has no financial or legal impact on YCRM. Claims against Aguayo, previously estimated at over $9 million during mediation, were dismissed without prejudice and remain enforceable.
The company maintains that the default judgment was purely procedural due to ReachOut Technology Corp.'s lack of legal representation following its sale. YCRM has successfully reacquired customer contracts, intellectual property, and operational assets of the original ReachOut Technology Co. in April 2025, which are now operating under a new subsidiary.
Frequency Holdings (OTC: YCRM) ha rilasciato una precisazione riguardo a un recente comunicato stampa di Luciano Aguayo relativo a un giudizio procedurale in tribunale. La societ脿 sottolinea che il giudizio non ha alcun impatto finanziario o legale su YCRM. Le richieste contro Aguayo, precedentemente stimate a oltre 9 milioni di dollari durante la mediazione, sono state respinte senza pregiudizio e restano esecutive.
La societ脿 conferma che il giudizio per mancato adempimento 猫 stato puramente procedurale a causa della mancanza di rappresentanza legale di ReachOut Technology Corp. dopo la sua vendita. YCRM ha riacquisito con successo i contratti con i clienti, la propriet脿 intellettuale e le attivit脿 operative dell'originaria ReachOut Technology Co. nell'aprile 2025, che ora operano sotto una nuova controllata.
Frequency Holdings (OTC: YCRM) ha emitido una aclaraci贸n respecto a un reciente comunicado de prensa de Luciano Aguayo sobre un fallo judicial procedimental. La compa帽铆a enfatiza que el fallo no tiene impacto financiero ni legal en YCRM. Las reclamaciones contra Aguayo, estimadas previamente en m谩s de 9 millones de d贸lares durante la mediaci贸n, fueron desestimadas sin perjuicio y siguen siendo ejecutables.
La empresa sostiene que el fallo por incumplimiento fue puramente procedimental debido a la falta de representaci贸n legal de ReachOut Technology Corp. tras su venta. YCRM ha readquirido con 茅xito los contratos con clientes, la propiedad intelectual y los activos operativos de la ReachOut Technology Co. original en abril de 2025, que ahora operan bajo una nueva subsidiaria.
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Frequency Holdings (OTC : YCRM) a publi茅 une clarification concernant un r茅cent communiqu茅 de presse de Luciano Aguayo relatif 脿 un jugement proc茅dural. La soci茅t茅 souligne que ce jugement n鈥檃 aucun impact financier ou juridique sur YCRM. Les r茅clamations contre Aguayo, pr茅c茅demment estim茅es 脿 plus de 9 millions de dollars lors de la m茅diation, ont 茅t茅 rejet茅es sans pr茅judice et restent ex茅cutoires.
La soci茅t茅 maintient que le jugement par d茅faut 茅tait purement proc茅dural en raison de l'absence de repr茅sentation l茅gale de ReachOut Technology Corp. apr猫s sa vente. YCRM a r茅cup茅r茅 avec succ猫s les contrats clients, la propri茅t茅 intellectuelle et les actifs op茅rationnels de la ReachOut Technology Co. d'origine en avril 2025, qui op猫rent d茅sormais sous une nouvelle filiale.
Frequency Holdings (OTC: YCRM) hat eine Klarstellung zu einer k眉rzlich von Luciano Aguayo ver枚ffentlichten Pressemitteilung bez眉glich eines verfahrensrechtlichen Gerichtsurteils herausgegeben. Das Unternehmen betont, dass das Urteil keine finanziellen oder rechtlichen Auswirkungen auf YCRM hat. Forderungen gegen Aguayo, die w盲hrend der Mediation auf 眉ber 9 Millionen US-Dollar gesch盲tzt wurden, wurden ohne Pr盲judiz abgewiesen und bleiben durchsetzbar.
Das Unternehmen h盲lt fest, dass das Vers盲umnisurteil rein verfahrensbedingt war, da ReachOut Technology Corp. nach dem Verkauf keine rechtliche Vertretung hatte. YCRM hat im April 2025 erfolgreich die Kundenvertr盲ge, das geistige Eigentum und die Betriebsverm枚gen der urspr眉nglichen ReachOut Technology Co. 锄耻谤眉肠办别谤飞辞谤产别苍, die nun unter einer neuen Tochtergesellschaft betrieben werden.
- Claims against Aguayo worth over $9 million remain enforceable and can be reasserted
- Company has successfully reacquired and maintains ownership of customer contracts and intellectual property
- Business operations continue with strong customer retention under new subsidiary
- Ongoing legal disputes and public relations challenges with former defendant Aguayo
- Previous subsidiary ReachOut Technology Corp. faced procedural issues due to lack of legal representation
CHICAGO, July 17, 2025 (GLOBE NEWSWIRE) -- Frequency Holdings Inc. (OTC: YCRM), a Nevada public company, issues this clarification following a press release distributed on July 17, 2025, by Luciano Aguayo, defendant in the original and now-defunct lawsuit brought by ReachOut Technology Corp., a former subsidiary of YCRM.
聽The judgment referenced in the release has no financial or legal impact on YCRM. The company retains full ownership and operation of reacquired assets, including customer contracts and intellectual property.
YCRM is Not Liable 鈥� But the Claims Against Aguayo Remain Alive
The judgment does not affect YCRM. Claims originally brought against Mr. Aguayo, estimated during mediation at over
Court Judgment Was Procedural 鈥� Not a 鈥淰indication鈥�
Contrary to the implication of Mr. Aguayo鈥檚 release, the default judgment was issued due solely to ReachOut Technology Corp.鈥檚 lack of legal representation following its sale. No discovery had begun, depositions given, or evidence presented at the time of judgement. The court鈥檚 judgment was procedural, as stated in official hearing minutes, it had nothing to do with the facts or truth of the case. It happened because the previous subsidiary had no lawyer at the time.
Aguayo鈥檚 Allegations About Contradict Court Records
Court documents confirm that Attorney Matt Nirider left his law firm (Nelson Mullins) for an in-house role. The motion to withdraw explicitly states: 鈥淔ollowing Attorney Nirider鈥檚 departure, ReachOut and Jordan desire to retain new counsel.鈥� The firm鈥檚 withdrawal was based solely on attorney movement and client choice, not adverse facts.
Misleading Affidavit Falsely Cited As 鈥淭estimony鈥� - Former Employee Was Fired for Cause
The misleading statement referenced as 鈥渦nder oath in federal court鈥� was not court testimony at all but an affidavit from a former employee terminated for job abandonment, underperformance, and later found to have a conflict of interest for undisclosed side business activity. She was not subject to cross-examination and faces credibility challenges in any proceedings.
Customer Contracts Were Reacquired and Remain Active
In April 2025, YCRM publicly disclosed its reacquisition 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 wholly unrelated to the dismissed lawsuit and affirms YCRM鈥檚 continuity and commercial strength.
Rick Jordan, CEO of Frequency Holdings, stated: 鈥�We鈥檙e not going to let misinformation distract from the reality we鈥檝e built. Our clients stayed. Our business is stronger than ever. And anyone trying to rewrite history for their own PR stunt should be careful what they invite.鈥�
YCRM reserves all rights. All legal remedies remain available and active. Any future litigation against Aguayo, whether civil or criminal in nature, remains entirely within the discretion of the asset holder.
This statement is provided solely for the benefit of shareholders, regulators, and stakeholders, and does not constitute an admission, denial, or waiver of any legal right or position.
PR Contact:
Cheryl Conner
SnappConner PR
801-806-0150
FAQ
What is the impact of the court judgment on Frequency Holdings (YCRM)?
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