Saturday, February 28, 2015
Thursday, February 26, 2015
posted on Jan 16, 15 05:57PM
Hi, Seahawks. We're just as surprised as anyone about this development and trying to reach management for further comment.
To clarify your statement, Virtutone is a sponsor/advertiser of AGORACOM. We run their ads on the site and report the news issued by the company. We don't make buy recommendations.
FEATURE: Virtutone Networks (VFX:TSX-V) Net Revenues of $39.6M for Q3 2014
"One of Virtutone Networks Inc.'s biggest clients based in London, United Kingdom, has not been able to make payments of a total amount of $13.8-million (U.S.) to the company. Virtutone's management has taken all the necessary steps in order to get payment but so far to no avail. Considering the importance of the amount involved, Virtutone had no other alternatives than to reduce costs to the minimal as well as to lay off all staff, excluding Jason Allen, chief executive officer, as well as William N. Woods, chief financial officer, and is now suspending operations to concentrate all efforts on obtaining payment. The outcome of these efforts being uncertain, there is no guarantee that Virtutone will be able to resume operations. Virtutone's management is currently undergoing a strategic review of available options and recourses in light of the current circumstances. The company's management will provide further updates as to progress of the situation and actions to be taken.
Sunday, February 22, 2015
|Lamborghini Concept S. 2006. This 5-litre V10-powered concept, of which there are only two in existence, looks just as inspiring as its Gallardo production brother.|
|The Audi quattro concept was produced by Audi and presented at the Paris Motor Show in 2010.|
The car was shelved in 2012.
|2007 Audi Locus Concept Design by Ugur Sahin.|
|The 1953 General Motors Firebird 1 was created to see whether a gas turbine engine would be viable in the cars of the future. It wasn't.|
|1938 Buick Y-Job. Complete with electric windows and headlights that could hide away, it was revolutionary in it's day.|