Post by: track-atl on January 20, 2004, 08:33:07 PM
I hope this clears things up.
Post by: michelle on January 21, 2004, 11:36:33 AM
Post by: track-atl on January 21, 2004, 11:43:43 AM
Post by: michelle on January 21, 2004, 11:45:53 AM
quote:
Basically there is nothing happening to track.There might be some legal stuff going on tomake this happen.But track is alive and strong.
Your first post indicated that there was no filing, when the opposite is true. It may be purely a matter of going through the motions, but to deny that a bankruptcy filing was made was completely inaccurate.
Post by: Jeffrevs on January 21, 2004, 11:47:47 AM
I think he meant that they weren't going under...........
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JEFF
Rebuilding Rome one 570 series at a time !!
Post by: Mr Track on January 21, 2004, 12:05:09 PM
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it doesn't take an average to win in match play!
Post by: charlest on January 21, 2004, 12:22:25 PM
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"Just because you can do something does not mean you should do it."
Post by: Rock77 on January 21, 2004, 07:12:20 PM
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"I am the most consistent bowler in my house....
I consistently SUCK!!"
Post by: Phillip Marlowe on January 21, 2004, 07:26:37 PM
quote:
Lawyers! What would we do without them?
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"Just because you can do something does not mean you should do it."
Go directly to jail. Do not pass go.
quote:
I really hope this doesn't mean that Columbia is going to have more involvement with the production of Track balls. Lets face it, Columbia is horrible and Track is great. I hope this is better for the long run and not worse!!
Too late. Why do you think Phil C. left Track?
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"I don't mind if you don't like my manners. I don't like them myself. They're pretty bad. I grieve over them on long winter evenings."
Edited on 1/21/2004 8:25 PM
Post by: D McLaughlin on January 22, 2004, 10:14:54 AM
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How is your wife and my kids?
Post by: Phillip Marlowe on January 22, 2004, 11:12:20 AM
quote:
Hmmm....perhaps it was because he was FIRED!?!?!?
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How is your wife and my kids?
But why do you think they came to a parting of the ways?
Oh, and my wife and yours are both fine. So are all my kids.
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"I don't mind if you don't like my manners. I don't like them myself. They're pretty bad. I grieve over them on long winter evenings."
Post by: T-GOD on January 22, 2004, 01:22:36 PM
Post by: D McLaughlin on January 22, 2004, 01:51:31 PM
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How is your wife and my kids?
Post by: michelle on January 22, 2004, 02:05:34 PM
Post by: jd1319 on January 22, 2004, 02:19:40 PM
Post by: Aristotle on January 22, 2004, 03:23:29 PM
Post by: Del & Dawn Warren on January 22, 2004, 04:49:11 PM
Dawn Warren
In the last few days we have received inquiries regarding Track’s filing of Chapter 7. At this time, I would like to address your questions and concerns.
Since Track Inc. was acquired in 1990 and relocated to San Antonio it has been assumed that it was owned by Columbia Industries, Inc. Nevertheless, Track Inc. was a separate entity.
The sales function of Track Inc., has been assumed by a new subsidiary of Columbia Industries, Inc., called Track International Inc. Track International, Inc. received no assets from Track, Inc., but will provide customers with the innovative, high quality bowling products as Track, Inc. had done in the past. This reorganization will afford both Columbia Industries and Track International, Inc. with many new opportunities and synergies going forward. Many of these will center on the customer service areas of the business including invoicing, order entry, shipping, receivables, programs and etc. The current goal is to eliminate some of the duplication of effort for both companies, as well as our distributors throughout the world.
To insure a smooth transition, all of the former Track, Inc. employees have been hired by Track International, Inc.
I hope this answers any questions you may have and I want to thank you for your continued support of Track International, Inc.
Sincerely,
Del Warren
President
Track International, Inc.
Post by: BadShot on January 29, 2004, 12:51:00 PM
if sales function of track inc is being transferred to track int'l, but no assets are being transferred from track inc, who is making track balls for track int'l to sell?
what is happening to track inc assets if they aren't being transferred? is columbia going to make a bid on these assets? who owns track int'l?
how can track inc transfer it's sales function (an asset) to another entity while undergoing a bankruptcy proceeding?
i assume your attorneys are in charge of your commentary . . . but what track has told its consumers so far leaves alot to be desired.
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That which does not kill me makes me stronger . . .
Post by: seadrive on January 29, 2004, 04:10:39 PM
Columbia doesn't require any of Track's physical assets, which were probably not much more than some furniture and fixtures, to make bowling balls. Track's balls are being made by Columbia, as before. Only the paperwork has changed.
That's my take on it, for what it's worth. I doubt that any more details will be forthcoming.
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seadrive
Cogito ergo bowl