Vital Information
05-May-94 02:46:13
Sb: #142527-Vital Information
Fm: Pat Larkin 74246,1077
To: Andrew Farrell 74431,1224
More facts:
Danny Daring, an employee of Mr. Horan's Computer Lab, Louisville, Kentucky
(our local Amiga dealer), posted the following on A.S.K. (Amiga Society of
Kentuckiana) BBS (Amiga user group BBS). He says it is the text of a fax they
received from CEI. He is not a good typist (I'm amazed there aren't more
misspellings), so I don't know where the quoted Commodore official statement
ends. ———–quoted fax begins here————– Dear CEI Dealer,
As we have been expecting, Commodore International filed for liquidation in
order to be protected from its creditors Friday, April 29, 1994, at 4:10 PM.
Commodore official statement follows:
"Commodore International Limited announced today that its Board of Directors
has authorized the transfer of its assets to trustees for the benefit of its
creditor and has placed its major subsidiary, Commodore Electronics Limited,
into voluntary liquidation. This is the initial phase of an orderly
liquidation of both companies, which are incorporated in the Bahamas, by the
Bahamas Supreme Court.
This action does not affect the wholly-owned subsidiaries which include
Commodore Business Machines (USA), Commodore Business Machines LTD (Canada),
Commodore/Amiga (UK), Commodore Germany, etc. Operations will continue
normally.
CEI has been working closely with Commodore's management and major investers to
find a resolution to the current financial crisis. Commodore's actions now
clear the way for progress to be made.
In the next few weeks, CEI will be making a number of important announcements.
CEI currently has sufficent Amiga inventory to meet expected demand until
manufacturing can be resumed. All our policies remain intact, full service and
support will continue. If you have any questions or concerns please contact
your CEI representative.
Please assure your customers that this event should be seen in a positive
light. What if . . . better support, better products, better marketing, better
prices, better margins all arose from the ashes. Stay tuned. . .
Sincerely,
Alex Amor, President ———-end of quoted fax—————
And, in case you want to call & ask for yourself: Mr. Horan's Computer Lab
[502] 244-9595 A. S. K. BBS [502] 944-8291