Business Services Industry
Bellevue, Wash.-Based Digital Media Company Files for Bankruptcy Protection.
Knight Ridder/Tribune Business News, March, 2003
By Kim Peterson, The Seattle Times Knight Ridder/Tribune Business News
Mar. 21--Fullplay Media Systems, a Bellevue digital media company that was deep in debt even as it reported ever-higher sales, filed for Chapter 11 bankruptcy protection Wednesday in Seattle.
Chief Executive Dennis Tevlin said yesterday the company is still in business and working on a customer deal with retailer Best Buy.
He said Fullplay plans to submit a reorganization plan soon.
The company has lost money for several years and by the end of September had a $12.5 million deficit, according to documents filed with the Securities and Exchange Commission.
Fullplay said in government filings in November that it only had enough cash to last a few more...
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