Model Power Closing
#2
ngauger Wrote:4/23/14 (Updated)
Dear Model Power Customers,
After nearly 50 years serving the hobby industry, our 3rd generation family business will be closing effective immediately to the public. We will be reaching out to our clients over the next few weeks to settle any demand needs that they may have.
In 2007, our banks began an aggressive deleveraging process. In all our efforts, no arrangements by our lenders would allow for Model Power to arrive at a position in which we could get back to fill our customer needs. We would like to take the time to thank all of those whom we have worked with the past 50 years. To our customers and competitors within the industry, we thank you.
Sincerely,
The Model Power Family
Mikey, Thank You, for posting that. I fear it is just the first of many similar situations.
~~ I wonder what that would look like in 1:20.3??? - - - smaller, but just as greedy as any other ( Bah Humbug !! ) lending institutions.
We always learn far more from our own mistakes, than we will ever learn from another's advice.
The greatest place to live life, is on the sharp leading edge of a learning curve.
Lead me not into temptation.....I can find it myself!
Reply


Messages In This Thread

Forum Jump:


Users browsing this thread: 1 Guest(s)