who is greg? what company are they being offered by?
GREG WELD RESPONDS TO AMERICAN RACING'S ALLEGATIONS
OF TRADEMARK INFRINGEMENT
Kansas City, MO---December 4, 2007---- As most everyone in the wheel industry knows, American Racing Equipment bought substantially all of the operating assets of Weld Racing, Inc., in September of 2006. ARE did not buy any of the three corporations: Weld Wheel Industries, Inc., Weld Racing, Inc. or Weld Distribution, Inc. As of this date, all 3 of these corporations remain in good standing in the State of Missouri.
Recently, American Racing filed suit in Federal Court seeking injunctive relief and monetary damages against Greg Weld for trademark infringement for entering the automotive aftermarket under the trade names "Greg Weld Design™" and "Greg Weld Motorsports™".
Let us assure you of the following:
1. Greg Weld did not sign any type of employment agreement and/or join American Racing as was suggested to the industry in September, 2006.
2. Greg Weld has never worked in any capacity for American Racing - not even as a consultant or advisor.
3. Greg Weld did not sign a non-compete or non-disclosure agreement with American Racing.
4. Greg Weld never signed anything that would preclude him from using his own name to re-enter the automotive aftermarket.
5. We are confident that Greg Weld will prevail over American Racing's trademark infringement complaint.
Let us also assure you of the following: Greg Weld Design is a trademark used solely by Greg Weld. Greg Weld Design competes directly against, and is not affiliated with, Weld Racing or American Racing Equipment, Inc., in any way whatsoever.
