Studiomaster UK and Studiomaster Inc. Break TiesThe 11-year manufacturing partnership between Studiomaster UK and Studiomaster Inc. (the U.S. subsidiary) has been severed due to ongoing disputes and 9/27/2001 8:00 AM Eastern
The 11-year manufacturing partnership between Studiomaster UK andStudiomaster Inc. (the U.S. subsidiary) has been severed due to ongoingdisputes and irreconcilable differences, as reported by Jim Giordanowho heads the U.S. division.
"Negotiations are currently underway with six new manufacturingconcerns to pick up production of the existing product range as well asa host of brand-new product introductions," commented Giordano."Unfortunately, with the lack of available product, Studiomaster UK andStudiomaster Inc. have been negatively impacted and have had totemporarily suspend normal business operations."
At press time, the principals of Studiomaster UK, along with theR&D team, are undertaking a total reorganization of the company andplan to re-open in early November. As for Studiomaster Inc., plansinclude staying open, with sitting management running the day-to-dayoperations.
For more, visit www.studiomaster.com.