Here is the latest Press release. I do know Craig Ramsey VP, Marketing is no longer with Quad. last I saw the stock price was froze at $.38/share.
My best guess is Quad will be consumed and re-released under a different name possibly the private label company Quad is in agreement with. Two other companies that were comsumed a while back were Zevatech (Juki- who is doing very well) and tenyru (I-pulse, to early to gauge). There is a need for the platform of machines Quad makes, I wish them luck!
Quad Systems Corporation Announces Voluntary Petition of Bankruptcy Under Chapter 11 PR Newswire - December 18, 2000 17:01
WILLOW GROVE, Pa., Dec. 18 /PRNewswire/ -- Quad Systems Corporation (Nasdaq: QSYS) reported that today it had filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code with the United States Bankruptcy Court for the Eastern District of Pennsylvania, in Philadelphia (the "Court"). The case was assigned to Judge Bruce I. Fox of the Court for initial proceedings (case no. 00-35667BIF) (the "Chapter 11 Case").
Quad continues to maintain its assets, operate its businesses and manage its affairs as a debtor-in-possession pursuant to the Chapter 11 Case and the jurisdiction of the Court.
Quad Systems Corporation is a leading manufacturer of flexible, high- performance SMT and APT assembly systems. With sales and support locations worldwide, Quad serves as a resource for manufacturers seeking support, process expertise and a wide range of SMT and APT assembly equipment. Quad equipment solutions include placement systems, stencil printers and convection reflow ovens. Quad has an installed base of over 3,500 machines around the globe. For more information, visit http://www.quad-sys.com.
SOURCE Quad Systems Corporation
Nasdaq Changes Status of Trading Halt in Quad Systems Corporation And Requests Additional Information from Company PR Newswire - December 18, 2000 18:02
WASHINGTON, Dec. 18 /PRNewswire/ -- The Nasdaq Stock Market(R) announced today that the trading halt status in Quad Systems Corporation (Nasdaq: QSYS) was changed to "additional information requested" from the company. Trading in Quad Systems Corporation had been halted today at 4:54 p.m., Eastern Time, for news pending at a last sale price of 3/8. Trading will remain halted until the company has fully satisfied Nasdaq's request for additional information.
For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotes(SM) on the Nasdaq Web site.