The Open Press - Press Release News Wire
  Monday, October 14th 2019 - 8:08pm EDT
  
PRESS RELEASE NEWS WIRE         
     FRONT PAGE     |     ARCHIVES     |     ABOUT US     |     FAQS      
Welcome Guest User  ( LOG IN )     SUBMIT A RELEASE   ADD A FIRM   
Sorting Options

By Country

By Metro Area

By Industry

Member Options


Register

Login

Recover Password

Email Alert
Site Navigation

Home

Services & Fees

Press Release Guidelines

Submit a Press Release

Company Directory

Contact Us

RSS Feeds

Help

|Press Releases|Pro PRs|Book Reviews|Articles (OP-ED)|News|Exposé|PR Firms|


Carl Freer Buys the IPR Assets of Gizmondo Europe Ltd in Liquidation


Submitted by: WorldWidePR


2008-05-13 00:01:31

London, UK (OPENPRESS) May 13, 2008 -- The joint liquidators of Gizmondo Europe Ltd (in liquidation) recently announced that, following extensive enquiries and negotiations, they have entered into an agreement with one of the ex-directors of the company, Mr Carl Freer.

Much time and effort has been spent on finding a resolution in relation to Mr Carl Freer and the IPR Assets of Gizmondo Europe Ltd - in liquidation.

"The continued co-operation afforded us by Mr Freer will enable the liquidators to recover a substantial sum for the general body of creditors. Furthermore, Mr Freer's continued assistance will reduce the overall indebtedness of the company.

"We have considered the commerciality and viability of selling the IPR Assets to Mr Carl Freer and feel that in all the circumstances we have achieved the best possible outcome on behalf of the creditors," said PM Davis of Begbies Traynor, one of the Joint Liquidators.

Much work has been done by Mr Freer and the liquidators in finding ways to uncover value and repair the defunct operations of the company. According to Mr Freer "the shareholders of Tiger Telematics will now be able to prosper on the re-introduction of the Gizmondo into the market."

"The terms of the agreement remain confidential; however, we can advise that a substantial payment has already been made for the purchase by Mr. Carl Freer of the company's IPR Assets.

"We wish Mr Carl Freer every success with his plans to re-establish the Gizmondo in the augmented reality environment which will bring the power of television, the accuracy and accountability of direct mail and the interactivity of the Gizmondo to a global audience," continued Davis.

A copy of PM Davis's letter, dated 7 April 2008, can be seen here: http://www.sharenow.com/base/content/9171/

Gizmondo Europe is a handheld gaming console company that went into liquidation in February 2006.

About Begbies Traynor
Begbies Traynor is the UK's leading independent business rescue, recovery and restructuring specialist, providing a partner-led service to stakeholders in troubled businesses.




Contact Info

WorldWidePR
Phone: Not Given
Website: http://www.worldwidepr.net



Release Info

Metro Area: ALL REGIONS (Including International) Read More from this Metro Area
Country: United Kingdom Read more from this Country
Industry: Advertising / Marketing Read more from this Industry
Press Keywords: finance, gaming industry, handheld gaming console, liquidation, bankruptcy, IPR, gizmondo
Press Company: Begbies Traynor
Press Site: http://www.begbies-traynor.com


 


Copyright © 2019
The Open Press - Professional Press Release News Wire.
All rights reserved.


   Home|About Us|Archives|Faqs|Services & Fees|Guidelines|Submit Release|Register|Company Directory|Contact Us|RSS Feeds|Email Alert