Marcos Maniacs

Ouch, that hurts Ron.  I can think of a lot worse ways to spend a 
personal fortune.  Sad.  Guess I'll have to change the homepage 
again.

Don
#3M5759

--- In MarcosManiacs@yahoogroups.com, "McLeod, Ronald" 
<ronald.mcleod@...> wrote:
>
> Maniacs . . .
>  
> I guess Tony Stelliga has found out how to make a small fortune in 
the
> car business - start with a large fortune.
>  
> Regards . . . Ron McLeod
> Marcos Mantis P8-5858
> Marcos GT 3V-5642
>  
>  
> 
> ________________________________
> 
> From: Marcos Engineering [mailto:newsletter@...] 
> Sent: Thursday, October 11, 2007 2:31 AM
> To: McLeod, Ronald
> Subject: Newsletter
> 
> 
>  
> <http://rs6.net/on.jsp?
t=1101840739182.0.1011324042098.228&ts=S0289&o=ht
> tp://ui.constantcontact.com/images/p1x1.gif> 
>  
> header<ftp://marcos:mar7111@...:21//httpdocs/HTMLemail/im
> ages8/heading4.jpg> 	
>  
> <ftp://marcos:mar7111@...:21//httpdocs/HTMLemail/images8/
> picture5.jpg> 	
> 	 	  	  	  	 		
> 	Marcos Engineering Appoints Administrator	 	
	
> 							
> 	Company proceeds to wind down operations
> 
> 	 	  	 				
> 	October 9th, 2007 - Kenilworth, UK. Marcos Engineering 
Limited
> ("Marcos, the 
> Company") today announced that it has entered Administration with 
a view
> to 
> completion of existing work in progress. Marcos' plan of 
dissolution
> will see the 
> Company wind up its ongoing business activities, sell its assets 
and
> distribute 
> proceeds and beneficial interests to shareholders and creditors as 
soon
> as practicable. 
> 
> In reaching this decision the Company considered a number of 
factors
> including the 
> Company's current and future strategic and market opportunities and
> business 
> prospects, limits on new capital from outside sources, increasing 
cost
> of ongoing 
> capital and prevailing economic conditions. 
> 
> Marcos was founded in 1959 and went into receivership in 2000. The
> Company was 
> restarted in 2002, conducting business as an independent supplier 
of a
> new high 
> performance family of hand built lightweight sports cars that 
provide a
> uniquely 
> exhilarating driving experience. Despite mounting competition from
> companies with 
> substantially greater financial, technical, distribution and 
marketing
> resources Marcos continued to develop its sports cars that received
> international acclaim. 
> 
> As the cost of capital continued to climb and the potential for 
profit
> faded, the 
> Company's Board and management took steps to minimize product and
> operational 
> costs while they investigated various strategic opportunities and
> engaged in 
> discussions regarding lower cost distribution, alternate 
manufacturing
> and external 
> capital transactions with potential business partners. After 
reviewing
> Marcos's 
> business prospects and potential opportunities, the Company came 
to the
> conclusion that Administration of the Company would have the 
highest
> probability of returning the greatest value to its shareholders and
> creditors. 
> 
> "Regrettably, despite the extraordinary efforts of our employees,
> suppliers and 
> dealers, we simply could not attain a profit point, reduce our 
cost base
> or raise the 
> necessary capital to sustain the business", said Tony Stelliga, 
Managing
> Director. 
> "My sincerest gratitude goes out to everyone that worked 
relentlessly to
> revive the 
> Great British Sports Car Company one final time". 
> 
>  	
> 	 	  	 				
> 		www.marcos-eng.com
> <http://rs6.net/tn.jsp?
t=o89gnfcab.0.tqjfambab.s8oyz8n6.228&ts=S0289&p=h
> ttp%3A%2F%2Fwww.marcos-eng.com> 	 			
> 							
> 
> Forward email
> <http://ui.constantcontact.com/sa/fwtf.jsp?
m=1011324042098&ea=ronald.mcl
> eod%40aspentech.com&a=1101840739182> 
> 
> 	
>  
> <http://visitor.constantcontact.com/d.jsp?
p=un&m=1011324042098&se=228&t=
> 1101840739182&lang=en&reason=F>  
> This email was sent to ronald.mcleod@..., by
> newsletter@...
> Update Profile/Email Address
> <http://visitor.constantcontact.com/d.jsp?
p=oo&m=1011324042098&se=228&t=
> 1101840739182&lang=en&reason=F>  | Instant removal with 
SafeUnsubscribe
> <http://visitor.constantcontact.com/d.jsp?
p=un&m=1011324042098&se=228&t=
> 1101840739182&lang=en&reason=F> (tm) | Privacy Policy
> <http://ui.constantcontact.com/roving/CCPrivacyPolicy.jsp> .
> Email Marketing <http://www.constantcontact.com/index.jsp?
cc=custom01>
> by
>  <http://www.constantcontact.com/index.jsp?cc=custom01>  
> 
> Marcos Engineering | Kenilworth | Warwickshire | United Kingdom 
	
> 
> 
> This e-mail and any attachments are intended only for use by the 
addressee(s) named herein and may contain legally privileged and/or 
confidential information. If you are not the intended recipient of 
this e-mail, you are hereby notified any dissemination, distribution 
or copying of this email, and any attachments thereto, is strictly 
prohibited. If you receive this email in error please immediately 
notify the sender and permanently delete the original copy and any 
copy of any e-mail, and any printout thereof.
>