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19.Jan.2004
Raquel Velasco & Bill Buck (E-Mail)


Thendic-France will be closed
Raquel Velasco and Bill Buck announced today that Thendic-France would be closed in February.

Due to the difficulties associated with the bankruptcy of Pretory SA, Thendic-France will be closed. The original intention was to convey Thendic-France and/or it assets directly to Genesi to allow for an uninterrupted transition of services and coordination. This did not happen and will no longer be possible.

Raquel Velasco and Bill Buck will seek to arrive at an agreement with the proper authorities to close out the Thendic-France in a manner that reflects the original intent of the shareholders of Pretory and the Board of Directors/Management of Pretory as well as all valid legal obligations.

Thendic-France will continue to operate until the closing and will do whatever possible to properly conclude the operation. (snx)

[News message: 19. Jan. 2004, 19:50] [Comments: 1 - 21. Jan. 2004, 22:18]
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