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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (14840)	3/22/2005 6:48:38 PM
From: StockDung	Respond to of 19428

GUNNALLEN IPO BELLY UP->Redline Performance Products, Inc. Ceases Operations Company Files for Chapter 7 Protection Press Release • August 27, 2004 SAN DIEGO, CA and MINNEAPOLIS, MN -- (MARKET WIRE) -- 08/27/2004 -- Redline Performance Products, Inc. (AMEX: RED), which was engaged in the design, engineering and marketing of Redline™ snowmobiles, today announced that it has filed a voluntary petition for relief under Chapter 7 of the United States Bankruptcy Code with the United States Bankruptcy Court, District of Minnesota. In connection with the filing, the Company has ceased all business activity and operations. The Company has determined that it does not have sufficient resources to continue its operations and has been unable to secure additional financing required to produce its snowmobiles and fund its operating activities. The court will appoint a bankruptcy trustee who will be responsible for the wind-up of the business. In connection with the filing under Chapter 7, all directors and officers have resigned except Mark Payne, the Company's President and CEO, who will remain with the Company to facilitate the transition to a court-appointed trustee. The Company did not file its quarterly report on Form 10-QSB for the quarter ended June 30, 2004, and does not intend to make such a filing. The American Stock Exchange has halted trading of the Company's common stock and the Company is no longer in compliance with the listing requirements for the American Stock Exchange. The Company has cancelled the annual meeting of shareholders scheduled for September 10, 2004. WORCS ATV National #2 Frederick Wins Pro Event 2005 Pro Rock #1 Jason Scherer Wins SCORE San Felipe McMillin wins Overall [ Search \| Off Road Marketplace \| Main Page] [ About \| Staff \| Privacy Policy \| Advertising ] [ Classified Ads \| Message Boards ] -------------------------------------------------------------------------------- Don't Ask! • Checkpoint • Wanderers • Woman Overbored -------------------------------------------------------------------------------- • Jeep • DirtBike • RaceDesert.com • Land Use Issues • • Rock-Crawling.com • ATV • Snowmobile • • Ford • Dodge • Chevy • Hummer • Sandsports • Suzuki • • Toyota • Nissan • RC Cars • Outdoors • • Baja.net • Important Disclaimers • -------------------------------------------------------------------------------- Copyright © 1995-2005, Off-Road.com a publication of the Rubicon media Group, Inc. All rights reserved. All contents making up this page are protected by United States copyright and other intellectual property laws and may not be reproduced, rewritten, distributed, redisseminated, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without the prior written permission of Rubicon Media Group, Inc. --------------------------------------------------------------------------------