From: Ben Vaughan Subject: Re: INDUSTRY: Virtuality died???? - NOT YET Date: Thu, 20 Feb 1997 15:02:47 -0800 Message-ID: <330CD817.4E8A@virtuality.com> Organization: Virtuality Group plc Aaron Brancotti wrote: > > I heard rumours that well-known Virtuality somewhat closed, or > something similar. This is obviously a quite bad news for VR world, > something we must think about. Anybody can *officially* deny or > confirm that Virtuality is alive and kicking? The rumours of our death have been exaggerated!! On 11 February we asked the high court to appoint administrators (this is the equivalent of the US Chapter 11). The Group now has protection from its creditors while the administrators work with the management to implement a new business plan. A number of redundancies have been made, the entertainment systems business is up for sale (and there are a number of interested parties)with the current intention that the underlying HMD and custom software business will continue. For what it is worth, Andersen (the administrators) have confirmed that the HMDs will continue to be sold with a full 180 day warranty. In other words, they have every expectation that the business will survive beyond that date and that someone will be here to support the products through this time. If anyone would like to be kept up to date with new announcements as and when they are made, please drop me an email at benv@virtuality.com Ben Vaughan