Amiga PowerPC

1. Phase 5 digital products goes into insolvency

For years, there have been rumours, that the Amiga hardware producer Phase 5 has to struggle financial difficulties. In the last few weeks they came up again. Some days ago it was confirmed - on the German page Amiga News with this fax from Phase 5: http://www.amiga-news.de/archiv/0037.shtml

Translation from Martina Jacobs

Press release from Phase5
Application for insolvency was made

Source: Fax from Phase 5 dated 02/09/2000 14.43 h

»Oberursel, 02/09/2000: On January 26., 2000 application for insolvency was made about the property of phase 5 digital production, and the application proceedings has been established by a decee made by the competent county court at the same day. During the regular application procedure there are negotiations about assumption, and continuation of the Amiga technology field with among others prospective buyers. By that, continuation of the current development and products shall be attained, espacially as for the new G4 acceleration boards.

Every customer who did product preordering from and product prepayment to phase5 digital products will become informed about their objective rights in writing, once the insolvency proceeding will be established.«

Annotation from editors:
Provisional administrator of insolvency proceeding:

Angelika Amend
Am Aufstieg 10
61476 Kronberg
Tel. +49 (0)6173/940341