ONLINE-ADS>> MODERATOR's NOTE: Adbot issues official statement of

richard_at_tenagra.com
Fri, 19 Dec 1997 10:34:42 -0600 (CST)

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bankruptcy
Sender: owner-online-ads_at_o-a.com
Precedence: bulk

Hey all,

Adbot sent this note into the list.

richard
moderator

>Date: Fri, 19 Dec 1997 08:34:02 -0600
>From: margaret raye <margaret_at_adbot.com>
>To: online-ads_at_o-a.com
>Subject: Corporate Statement from Adbot
>
>Due to a court order issued Monday, December 15, to liquidate our parent
>company, Chicago Partnership Board (CPB), Adbot will be declaring
>bankruptcy today. CPB was the main source of capital funding for Adbot.
>As a result of a short time frame, an attempt to find outside investors
>was not successful.
>
>A court appointed employee will contact you within the next two-three
>weeks regarding filing claims for payment.
>
>This is not a reflection of the staff's efforts as we remain dedicated
>to the Internet and to serving all our clients. The Adbot employees wish
>to convey their regrets for any inconveniences this may have caused. It
>has been a pleasure working with everyone and we hope we will have that
>opportunity in the future.
>
>
>Margaret Raye, Manager, Writing, Research & Production
>Sheri Frankel, Sales Manager

END

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