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Olevia bankrupt? Kaput or Re-organizing?


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2 replies to this topic

#1 of 3 OFFLINE   CoolCatbro

CoolCatbro

    Stunt Coordinator



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Posted July 13 2008 - 05:41 PM

Anyone got any biz news on these guys?

Will the warrantys be "null & void"?

Will they be dumping these for pennies on the dollar?

I just had a 42" 1080p Olevia offered at only $650....

#2 of 3 OFFLINE   Michael Reuben

Michael Reuben

    Studio Mogul



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Posted July 14 2008 - 12:55 AM

According to this report, it's the parent company that filed for Chapter 11 reorganization. The LCD TV business will be sold to new owners, and all warranties will continue to be honored. (Of course, these things don't always go as planned.)

M.
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#3 of 3 OFFLINE   CoolCatbro

CoolCatbro

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Posted July 14 2008 - 02:34 AM

Thanks. It makes the purchase even easier....Its leaning toward the positive anyway.

the store warranty was 50% of the TV cost! so I declined, but was home in 30day try out mode and then learned of the C-11.

good article. Sounding more like the Kmart 11, they came out fine...just re-org.