PC Club alleged Chapter 7 filing
Posted: Sun May 18, 2008 7:21 pm
Did a National and Local Pacer search and found no Chapter 7 Filing.
If not on Pacer, not filed!! Lou Esbin
>
> And, having just read that, I just hit their web page which is back
> up with this update:
>
> NAOC Holdings Acquires PC Club
> - S&S Public Relations Mindy Franklin (480)361-9575 mindy@...
> NAOC Holdings, a Los Angeles-based expansion stage venture capital
> firm, today announced it has acquired PC Club, a California-based
> personal computer retailing chain with 37 locations nationwide. The
> acquisition will allow all PC Club stores, as well as the chain's two
> retail Web sites, PCClub.com and ClubIT.com, to remain open with
> business as usual.
>
> "Brick-and-mortar accessory computer stores are still a valued
> commodity in the US," said NAOC spokesperson Alan Hunter. "We know PC
> Club with its long history, quality technical service and computer
> accessory assortment will continue to have strong potential for
> continued business operations. A technology retail outlet is the next
> logical addition to our portfolio, and we expect this will be a
> mutually beneficial relationship."
>
> NAOC Holdings has put together a group of legal, financial, and
> industry experts to build one of the leading home computer appliance
> conglomerates. The technology investment experience the company will
> bring to the relationship is invaluable for PC Club's retail
> offerings.
>
> "Our new relationship with NAOC Holdings will give us an opportunity
> to grow our market share and expand beyond the western and central
> US," remarked Kim Chu, Senior Sales Manager at PC Club. "In addition,
> we'll now have the ability to reorganize and to work on expanding our
> compelling product line."
>
> NAOC's acquisition of PC Club will leverage the venture capital
> firm's already broad investment experience with consumer electronics.
> Today's acquisition of PC Club's assets will allow the retailer to
> honor all customer and vendor relationships and agreements.
>
> PC Club has existed as a computer parts store and repair center for
> professionals all across the country, offering upgrade kits, LCD
> monitors and other computer parts and services since 1992. The
> company expects the added infusion of funds to provide the means for
> them to expand from their current 37 locations.
>
> The acquisition was effective as of May 15, 2008. Financial terms
> were not disclosed.
>
> About NAOC
>
> Los Angeles based NAOC is an expansion stage venture capital firm
> investing primarily in tech-enabled business service, information
> technology and communications companies. Established in 1996, NAOC
> manages a pool of capital in excess of $200 million, and is currently
> investing its fourth fund, raised in 2006. In addition to growth
> capital and board level guidance, NAOC offers its portfolio companies
> free research and M&A services along with annual executive education
> programs at leading business schools.
>
> To learn more about NAOC's investment criteria and approach to value
> creation, please visit naoc-holdings.com.
>
>
>
>
>
>
>
>
>
> --- In cdcbaa@yahoogroups.com, "James R. Selth" wrote:
> >
> > Wikipedia has posted an update which says that there is no
> bankruptcy filing and the stores are reopening. This is very strange.
> >
> > James R. Selth
> > Weintraub & Selth, APC
> > 12424 Wilshire Blvd., Suite 1120
> > Los Angeles, CA 90025
> > Telephone: (310) 207-1494
> > Facsimile: (310) 442-0660
> > E-Mail: jim@
> >
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> >
> > ----- Original Message -----
> > To: cdcbaa@yahoogroups.com
> > Sent: 5/15/2008 5:12PM
> > Subject: Re: [cdcbaa] Re: PC Club alleged Chapter 7 filing
> >
> >
> > Thanks for the the Wikipedia info. I saw the Wikipedia sight too,
> and I've tried to contact attorney Robert Hsu, but have not recieved
> any response to my emails, faxed correspondence or calls in the last
> day. He is not a bk attorney from the looks of his website and there
> is no listing for him on pacer as having been counsel in any
> bankruptcy cases either
> >
> > Mark T. Jessee
> >
> >
> >
> > On Thu May 15 16:55 , 'Mark JM' sent:
> >
> >
> > According to Wikopedia (believe it or not) here's what it says:
> >
> > For related PC Club legal matters, please contact this law firm:
> >
> > The Law Office of Robert C. Hsu 2555 E. Colorado Blvd Suite 306
> Pasadena, CA
> > 91107 Phone: 626.584.7055 Fax: 626.604.0345 robert@
> >
> > The PC Club website has also been shut down in a similar quick
> fashion, a
> > place-holder announcing the closure of PC Club with a "thank you"
> for years
> > of service.
> >
> > This is the Sign posted on PC CLUB store doors:
> >
> > "Dear Customers, We regrettably want to inform you that PCClub
> filed for
> > Chapter 7 today. If you have any question or concern, please email
> > customerinfo@ We truly apologize if this decision will cause you
> > any inconveniences and we want you to know that your business has
> been
> > appreciated over the years.
> >
> > -PCClub Management"
> >
> > hope that helps...
> >
> > ______________________
> > Mark J. Markus
> > Law Office of Mark J. Markus
> > 11684 Ventura Blvd. PMB #403
> > Studio City, CA 91604-2652
> > (818)509-1173 (818)509-1460 (fax)
> > Toll Free: 1-866-576-6275
> > web: http://www.bklaw.com/
> > This Firm is a Qualified Federal Debt Relief Agency
> > ___________
> > NOTICE: This Electronic Message contains information from the law
> office of
> > Mark J. Markus that may be privileged. The information is intended
> for the
> > use of the addressee only. If you are not the addressee, note that
> any
> > disclosure, copy, distribution or use of the contents of this
> message is
> > prohibited.
> > IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
> imposed by
> > the IRS, we inform you that any U.S. tax advice contained in this
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> be used,
> > and cannot be used, for the purpose of (i) avoiding penalties under
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> to
> > another party any transaction or matter addressed in this communicat
> >
> > ----- Original Message -----
> > To:
> > Sent: Thursday, May 15, 2008 4:09 PM
> > Subject: [cdcbaa] Re: PC Club alleged Chapter 7 filing
> >
> > > Wow, I'm shocked....I just bought stuff there fairly recently. I
> > > checked their website, its down. That is horrible that your laptop
> > > is basically "whereabouts unknown."
> > >
> > >
> > >
> > > --- In cdcbaa@yahoogroups.com, "Mark T. Jessee" > wrote:
> > >>
> > >> Any one out there know anything about PC Club filing a Chapter 7
> > > case
> > >> this week? It is California Corporation headquartered in Industry
> > > with
> > >> 37 stores. I took my business laptop in for repairs on Monday to
> > > the
> > >> Thousand Oaks store, received a call Tuesday at 5:15 p.m. that it
> > > was
> > >> ready. By the time I got over there an hour later the chain was
> > > out of
> > >> business, employees fired, telephone lines disconnected, web site
> > > down
> > >> and a sign saying a Chapter 7 bankruptcy was filed posted on the
> > >> storefront window. I find no record of an actual chapter 7 or
> > > other
> > >> case filing on pacer anywhere nationwide. I have been beating my
> > > head
> > >> against the wall for the last two days trying to find out whom to
> > >> contact on how to retrieve my laptop containing all my clients'
> > >> confidential information.... If anyone has any information I
> would
> > >> appreciate it being forwarded.
> > >>
> > >> Mark Jessee
> > >>
> > >
> > >
> > >
> > > ------------------------------------
> > >
> > > Yahoo! Groups Links
> > >
> > >
> > >
> > >
> >
>
The post was migrated from Yahoo.