For those of you with questions, following please find a copy of a letter that was sent out to our distributors, etc.
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.
