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Author Topic: TRACK is ALIVE and STRONG  (Read 3995 times)

tenpinspro

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TRACK is ALIVE and STRONG
« on: January 20, 2004, 07:03:56 PM »
To all Track fans,

Track is alive and strong, not to worry.  Confirmation was just made with Bill Monce at Track.  This was simply a business procedure on Columbia's behalf to pull Track under their umbrella legally.  The name Track Inc will no longer be in existence, they were operating seperately from Columbia but now we are ONE!  In order to do that, the bankruptcy filing was done and we are now Track International - subsidiary of Columbia Industries.  So don't be afraid to keep buying Track balls we're STILL here!  Thank you all for your loyalty and support of Track products.
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Rick Leong
Ten Pins Pro Shop
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charlest

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Re: TRACK is ALIVE and STRONG
« Reply #1 on: January 21, 2004, 10:10:10 AM »
Thanks, Rick.
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"Just because you can do something does not mean you should do it."
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Jeffrevs

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Re: TRACK is ALIVE and STRONG
« Reply #2 on: January 21, 2004, 10:10:17 AM »
Rick,

honestly....all "please don't put out another heavy oil ball" slams aside,...that is GREAT to hear !
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JEFF
Rebuilding Rome one 570 series at a time !!

Edited on 1/21/2004 11:14 AM
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Mr Track

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Re: TRACK is ALIVE and STRONG
« Reply #3 on: January 21, 2004, 10:15:16 AM »
amen to that!
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it doesn't take an average to win in match play!
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btx

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Re: TRACK is ALIVE and STRONG
« Reply #4 on: January 21, 2004, 10:27:41 AM »
Long live track
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BadShot

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Re: TRACK is ALIVE and STRONG
« Reply #5 on: January 21, 2004, 10:33:21 AM »
so basically columbia has forced track into bankruptcy as tracks largest creditor, and will be the largest bidder for track's assets when they are sold by the bankruptcy court.  that way columbia will have total control of track international, and be able to get rid of (also called screw over) all of its other creditors.  is that what you're saying?

i've seen it happen too many times . . . and seen too many attorneys try to re-phrase what's really happening.

track may be fine now that it's owned by columbia . . . at least for now.  if track/columbia wanted to do the right thing, columbia would have purchased all of the stock of track international, thereby giving track's other creditors some chance of recovering what they're owed.  guess that's "just business", right??
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That which does not kill me makes me stronger . . .
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That which does not kill me makes me stronger . . .

seadrive

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Re: TRACK is ALIVE and STRONG
« Reply #6 on: January 21, 2004, 10:35:59 AM »
Seems very unusual, from a business practices standpoint.  Track wants to become a division of Columbia, so you file a chapter 7 bankruptcy petition???  

Is Track trying to screw somebody out of what's owed him?  Why wouldn't the owners of Track simply sell the business to Columbia?  What's with the bankruptcy proceeding?
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seadrive
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BadShot

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Re: TRACK is ALIVE and STRONG
« Reply #7 on: January 21, 2004, 10:37:04 AM »
great minds thing alike . . .

i'd also like to add that there is nothing on either track's or columbia's website describing what happened.  wonder why?
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That which does not kill me makes me stronger . . .

Edited on 1/21/2004 11:36 AM
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That which does not kill me makes me stronger . . .

tenpinspro

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Re: TRACK is ALIVE and STRONG
« Reply #8 on: January 21, 2004, 10:44:42 AM »
Bad shot,

You may want to call Track on this one because I am not in the position to speak for them regarding their business procedures.  However, to my understanding, Track Inc and Columbia have had the same owner all along.  They were just running as seperate entities and now for a more efficient way of processing and for streamlining the company, Track was brought over.  I believe the bankruptcy filing is done so that no one else can ever use that business name(I may be wrong here).  Please feel free to contact Track directly if you have additional concerns, I'm sure they'll be more then happy to answer you.

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Rick Leong
Ten Pins Pro Shop
Track Pro Shop Staff
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sdbowler

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Re: TRACK is ALIVE and STRONG
« Reply #9 on: January 21, 2004, 10:58:35 AM »
I just hope that with this going on that the equipment released under the Track name in the future will still be as good as the old stuff. Since Ebonite has been doing everything for Hammer have not heard much of them. Just keep putting out good equipment for all the Track fans.

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time to leave South Dakota
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seadrive

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Re: TRACK is ALIVE and STRONG
« Reply #10 on: January 21, 2004, 11:09:37 AM »
quote:
Since Ebonite has been doing everything for Hammer have not heard much of them.

I'm not exactly sure what you mean by "have not heard much of them", but the current line of Hammer equipment, manufactured by Ebonite, is highly-regarded.

Ever heard of Big Blue?
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seadrive
Cogito ergo bowl
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michelle

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Re: TRACK is ALIVE and STRONG
« Reply #11 on: January 21, 2004, 11:17:18 AM »
It isn't as though there are tons of people owed a fortune by Track.  The creditors matrix for the Bankruptcy Filing showed that Arminius Select Services Corporation in Las Vegas was owed $7,500.00, Crabbe, Jones, Potts & Schmidt in Cincinnati were owed $1,585.13 and Santa Cruz Financial Services, Inc. in San Antonio was owed $1,750.00.  The other claim showing an amount was Columbia with $208,318.36.

Three unsecured claims were shown with no amount of claim that all had a c/o address of William Blessing in Cincinnati.  

So, yes, there are potential losses to be incurred by creditors, but we are not talking huge amounts here beyond the Columbia debt.
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sdbowler

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Re: TRACK is ALIVE and STRONG
« Reply #12 on: January 21, 2004, 11:17:22 AM »
Around here nothing is heard of Hammer at all. For the most part if it has not been Storm,Columbia,Brunswick, or Ebonite it seems like they are not around at all. That's what I meant by that. Have not seen much of the new equipment from them sorry.
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tenpinspro

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Re: TRACK is ALIVE and STRONG
« Reply #13 on: January 21, 2004, 11:19:06 AM »
Okay guys,

One more time...there are no changes within the Track organization.  Del's still the man.  Nobody needs to worry about changes to product in any sense because there AREN'T any changes going on.  The entire Track Inc staff is still there working hard for "us" the consumer as they always have been and will continue to do so.  Nothing has changed people...no need to worry.

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Rick Leong
Ten Pins Pro Shop
Track Pro Shop Staff
Vise Grip Staff

Edited on 1/21/2004 4:17 PM
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fozzie1969

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Re: TRACK is ALIVE and STRONG
« Reply #14 on: January 21, 2004, 09:29:08 PM »
How will we know when its a Track ball or a Big C ball?
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