|
Text file on PKware's filing of chapter 11
FOR IMMEDIATE RELEASE
FRIDAY, FEBRUARY 26, 1993 5:00PM CST
==========================================================================
PKware Inc., citing overwhelming advertising, administrative and
development expenses with the recent problem-plagued release of their
new PKZIP product, filed for chapter 11 bankruptcy today in the Milwaukie
County District Court.
"PKWARE will continue to operate normally, and will provide, as always,
the high-quality data compression products and services which have made
us the leader in the data compression market," Mark Gresbach,
press-relations manager of PKWARE, said.
In business since 1987, PKWARE Inc. produces high-performance data
compression software, which makes computer program and data files smaller,
for faster transmission over telephone lines or to take up less disk space.
Fortune 500 companies such as Borland Inc., of Scotts Valley, CA and
government agencies such as the US Air Force are major customers of PKWARE.
Any questions or concerns may be directed to PKWARE at any of the
following telephone numbers:
Phone (414) 354-8699
FAX (414) 354-8599
BBS (414) 356-8670.
|
|
