Post by Dave Schultz on Feb 18, 2011 15:32:14 GMT -5
From Barry Grant
As of today, February 18, 2011 we are ceasing operations at our Dahlonega location and all subsidiary
locations. Working with all of you has been the experience of a lifetime. I will value your support as
friends, customers, vendors, and media contacts forever. The economic situation has put the company
in the position of not being able to find working capital needed to continue operations and get a chapter
11 reorganization plan through the court. In addition to this, is that all of our equipment has been
breaking down causing production delays and further hurting cash flow. Reluctantly now we must
convert to chapter 7 liquidation after 26 years of business. The financial collapse has closed, or has
caused severe restructuring of many companies in our industry. Many individuals have lost everything.
We have even lost our home. This is the most humbling experience of my life, and I have no future
plans at this point. Thank You for Your Many Years of Support.
As of today, February 18, 2011 we are ceasing operations at our Dahlonega location and all subsidiary
locations. Working with all of you has been the experience of a lifetime. I will value your support as
friends, customers, vendors, and media contacts forever. The economic situation has put the company
in the position of not being able to find working capital needed to continue operations and get a chapter
11 reorganization plan through the court. In addition to this, is that all of our equipment has been
breaking down causing production delays and further hurting cash flow. Reluctantly now we must
convert to chapter 7 liquidation after 26 years of business. The financial collapse has closed, or has
caused severe restructuring of many companies in our industry. Many individuals have lost everything.
We have even lost our home. This is the most humbling experience of my life, and I have no future
plans at this point. Thank You for Your Many Years of Support.
I have to admit that they took pretty good care of me recently on rebuilding a pump
