amp’d mobile files chapter 11

Posted on June 3, 2007 | 4 Comments

Amp’d Mobile on june 1st despite amassing a user base of over 200,000 and wading through $360,000,000 (yes, $360 million!) in startup money, Amp’d Mobile had to file for Chapter 11 protection. but not to despair; they issued this press release

 

On June 1st, 2007, Amp’d Mobile Inc. filed for protection under Chapter 11 … as a result of our rapid growth our infrastructure was unable to keep up with customer demand … we expect to continue normal business operations throughout the reorganization process. We are confident that we will emerge from this stronger than ever

in case you’re keeping score (and I know you are) this makes it Amp’d + 360 million | Amp’d Users 0 | Amp’d Investors – 360 million

 

 

 

 

 

 

 

:: Bankruptcy Attorney in Illinois :: M. Hedayat & Associates, P.C. ::

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4 responses to “amp’d mobile files chapter 11”

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