RCI info...forgive the cross post

From: Robert Cash (rcash@tbcnet.com)
Date: Wed Mar 08 2000 - 22:21:39 EST


From: "Randall J.Thomas" <admin@pyt.org>

Just some info and early warning to those using RCI components. They
have filed Chapter 7 bankruptcy last week, and have closed it's doors
permanently this week.

Sources reported to me that RCI, (Racer Components Incorporated), was
trying to file Chapter 13, and when they found that was not feasible,
they filed Chapter 7 and went under in Titanic-like fashion.

RCI, a major manufacturer of economy Race suits, Plastic seats, fuel
cells and 5-point harnesses to mention a few. Apparently no fore warning
was given, and most retail and warehouses are unaware of this latest
development.

The reports indicates that failing chain stores (SuperShops, etc) owing
huge quantities of money may have been partially responsible for their
lack of positive cash flow.
 
Whatever inventories that remain will be all there is... until the
company possibly resurfaces under a new name and/or ownership. In any
case that will be quite a while.

So, those looking for a particular RCI product, better get it now.

Just thought you'd like to know this tidd-bitt from the other side of
the counter! ;-)

-Randall Thomas
http://performanceunlimited.com

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