Monday, December 15, 2008

a21 is bankrupt

USA, DECEMBER 2008 - In 2000, a21 acquired the picture agency SuperStock – one of the big picture suppliers in the USA. However, a21 miscalculated. The debts were steadily increasing. Within the first nine months of 2008 there was a loss of $ 2.6 Million. The stock-market price of the a21 share shrank from 1 Dollar in 2004 to less than 1 Cent. According to SellingStock a $ 17.9 mio mountain of debt has been accumulated. Masterfile Cananda is now interested in a purchase of SuperStock. The offer is 1.5 Mio.

Source: CEPIC

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