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Old June 27, 2013, 02:32 AM
Dien Rice Dien Rice is offline
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 2,557
Default The demise of the LaserMonks....

Quote:
Originally Posted by Phil View Post
Although after a little more Quick research...

Unfortunately! ...

Things changed awhile back...

Under New Ownership I Guess...

Monkless, I'm assuming...

LaserMonks liquidated
https://www.google.com/search?q=Lase...ient=firefox-a
Thanks Phil and Glenn for posting about "LaserMonks"...

I love the name "LaserMonks"! It's almost like a contradiction... When you think of "monks" you think of medieval buildings... Such a contrast with the high-tech sound of "lasers"!

I looked into this a bit further... My impression is they seemed to borrow too much money, and tried to expand into too many other areas, then were hit by the economic downturn.

Apparently, they took on a lot of debt. Then...

"At the same time, McCoy continued to explore other ventures: He added soy-based inks and toners as a green alternative to LaserMonks' inventory and expanded into other products, including coffee and dog biscuits."

Quoted from http://www.jsonline.com/features/rel...134013038.html

It's (unfortunately) a common business story...

Best wishes,

Dien
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