Results tagged “Bankruptcy”
Now Hear This: NHT is going bye-bye.
Well, according to the audio maker, it's not the end of the line; it just sounds that way. Earlier this week, the company sent out an email stating that March 31, 2009 would be its last day for doing business.
Don't expect a fire sale, either. The company also said that it was selling all of its stock to existing dealers and distributors. Then they would finishing paying bills and close up shop.
They also made the point of stating that the company was not bankrupt. Not sure if it even matters, but maybe they just don't want to go out with the same carnage that Tweeter left behind.
The company sounds like they plan to come back at some other time, possibly in another form. For now, you can still expect customer and repair services, as well as any warranties and the website, to remain intact.
CE Pro has the entire email that was released earlier this week. -- Rachel Cericola
Tags:
Audio, Bankruptcy, Closing, Closing Down, Economy, NHT, Now Hear This, Speaker Company, Speakers