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Wrox Press, going out of business??

Does anyone else here write or do work for Wrox Press?  I just got a notification on friday (which I hope posting here won't get me in trouble) that their parent company "Peer Information Inc." is filing for insolvency and being liquidated.  I have no clue what this really means, but has anyone else heard anything about this??  It sucks for me, because I'm owed thousands of dollars for technical review, authoring and other work...

Dear author,

The Board of Peer Information has passed a resolution to place the company
into liquidation. The company is unable to meet its financial commitments,
and we have been unable to secure additional funding. The Directors are left
with no choice but to place the company into insolvency process.

Please stop work immediately on all contracted work from Peer Information.
Retain safe copies of all your work. The contract that you have with the
company remains valid. There will be a 3-4 week hiatus period until we are
able to discuss the future course of your project.

Louay Fatoohi is your point of contact for enquiries about editorial
contracts.

If you believe you are owed money for either submitted work against a
contract or for accrued royalties on existing titles, then you are a
creditor of the company. As such you will be contacted shortly by the
liquidator with information on pursuing your claims.

Please note that it is in your interest that you do not break the terms of
your contract. You will be worse off if that happens. Please wait until you
are contacted again.

Thank you for your understanding and cooperation.

Comments

 

TrackBack said:

Big red books with pictures of geeks on : Wibbleshanks - ASP.NET UK New Media
March 15, 2003 7:56 PM
 

TrackBack said:

The end of Wrox Press? : Lance's Whiteboard
March 15, 2003 7:56 PM
 

jim said:

Just check the URL http://www.hotfootmail.com/hotfeet/
March 16, 2003 10:53 PM
 

Peter Wright said:

It's a sad sad day indeed.

Good luck to all those who were still associated with and working for Wrox Press.

Peter Wright
Author of 10 big red books.
March 18, 2003 8:14 AM
 

Dave F. said:

Early on the 14th, I received a solicitation to renew my ASPToday subscription, and add a CSharpToday subscription. As one who's supportive of I went ahead and renewed my subscription (and paid $115 by Credit Card). It looks like I may well be out $115. Did anyone else get burned in this way?
March 19, 2003 8:03 AM
 

Jen said:

If anyone reading this is a former author/tech editor and wants to get in touch with ~100 others in the same position please send me an email at jen@flash-mx.com and I'll get you hooked up.

March 19, 2003 12:32 PM
 

Dave said:

It is easy to understand when a company that produces crap goes out of business, but Wrox delivered a superior product.

Once again, the world of business escapes me...

Good luck
March 28, 2003 2:53 PM
 

Anonymous said:

April 25, 2003 1:59 PM
 

TrackBack said:

^_^,Pretty Good!
April 10, 2005 3:27 AM

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