ROL NEWS--Bids Solicited for Sale of AeroTech Inc.

ROL News · 2004-01-27T18:23:54+00:00

Bids Solicited for Sale of AeroTech Inc.January 27, 2004Web posted at: 1:14 PM EST(ROL Newswire) -- On February 25 Schwartzer & McPherson Law Firm sent the information below to RocketryOnline for posting on the internet regarding the sale of AeroTech and ISP: ************** By this Notice, the Debtors solicit bids for the sale of all or part of the Business. All persons requesting additional information concerning the Business or the assets to be sold may contact the Debtors¹ counsel at the telephone number or facsimile number listed on the top of first page of this Notice. The current minimum bid for the entire business is $30,000. The Debtor has a bid from RCS Rocket Motor Components, Inc. (³RCS²), a Utah corporation owned by Gary Rosenfield, the owner and sole director and officer of the Debtors, to purchase the Debtors¹ Business for $30,000 cash plus the assumption of contractual obligations as stated in this notice. All competing bids should be made before or at the hearing. NOTICE IS HEREBY GIVEN that AEROTECH, INC. ("AeroTech") and INDUSTRIAL SOLID PROPULSION, INC. ("ISP"), debtors and debtors-in-possession (collectively, "Debtors" or "DIPs") have filed a Motion To Sell Assets Free and Clear Of Liens and Assign Unexpired Leases, Executory Contracts, Intellectual Property Rights and Licenses (the "Motion"). In addition to the sale, the Debtors¹ Motion requests the authorizing the Debtors to assume and assign all their executory contracts and unexpired leases to Buyer, authorizing the Debtors to assign all their licenses and permits to the Buyer to the extent permitted by law, and for such other and further relief as the Court deems just and equitable. Assets AeroTech and ISP own fixed assets (such as equipment, molds, furniture, tooling & fixtures), inventory (such as raw materials, work in process and finished goods), accounts receivable, intellectual property (such as business name, formulas, sources of supply, patents, trademarks, copyrights, logos and...

Jan 27, 2004 21 Replies

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Jerry Irvine 22 years ago

That is not literally true. NCR itself had unrealistic expectations and Estes (Tunik) took it on the shorts with the tooling expenses. Learn facts.

You have the 1991 TRA party line memorized. I'll give you that.

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Jerry Irvine 22 years ago

I was Aerotech's FIRST customer and FIRST dealer.

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