Flash-MX: News

I just found out that WROX authors have not been notified that the company has gone bankrupt, and are actually finding out via. blogs and the like. That's pretty harsh. Please email me (jen@flash-mx.com), and we'll have you hooked up with the others.

Anyway, if you are WROX person, this is the email that we received:

================================
Dear author,

The Board of Peer Information has passed a resolution to place the company
into liquidation. The company is unable to meet its financial commitments,
and we have been unable to secure additional funding. The Directors are left
with no choice but to place the company into insolvency process.

Please stop work immediately on all contracted work from Peer Information.
Retain safe copies of all your work. The contract that you have with the
company remains valid. There will be a 3-4 week hiatus period until we are
able to discuss the future course of your project.

Louay Fatoohi is your point of contact for enquiries about editorial
contracts.

If you believe you are owed money for either submitted work against a
contract or for accrued royalties on existing titles, then you are a
creditor of the company. As such you will be contacted shortly by the
liquidator with information on pursuing your claims.

Please note that it is in your interest that you do not break the terms of
your contract. You will be worse off if that happens. Please wait until you
are contacted again.

Thank you for your understanding and cooperation.

Louay Fatoohi

=======followed up with========

Further to my communication regarding placing Peer Information into
liquidation, I would like to clarify that Peer Information includes the
following legal entities:

- Wrox Press Ltd
- Friends of Ed Ltd

Wrox Press Ltd also trades as: Glasshaus, Curlingstone, Active Path and
Tect.

Thank you.

Louay Fatoohi

Posted by jen on March 16, 2003 at 03:42 PM