03.15.2005 08:00 AM
Quantegy auction set, new sources arise

Quantegy will be auctioned off Thursday, March 24, at Espy, Metcalf & Poston P.C., in Dothan, AL. The final sale’s hearing will be at 10 a.m. Friday, March 25, at the United States Courthouse in Opelika, AL. With objections from unsecured creditors withdrawn, the signed Asset Purchase Agreement between Quantegy and Discount Tape now rests in judicial hands. Frank Foster, vice president of Discount Tape, said he hopes for a minimum bid of $5.85 million.

Meanwhile, new sources for analog tape are emerging. ATR Magnetics said it plans to have its formulation available by mid-year, made at its York, PA, facility. Dutch-based Recordable Media Group International (RMGI) has acquired production and formulation patents from EMTEC, previously the tape division of BASF. The company’s products are expected to hit the market in May.

For more information, visit www.quantegy.com and www.atrmagnetics.com.

Back to the top




Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB


 
Featured Articles
Discover TV Technology