Tuesday, September 4, 2007

Not good news...


Steven received an email last night saying that one of the venture capital groups has pulled out of the funding talks. So my dear husband will be driving to Hillsboro tomorrow to clean his office out. He had put it off hoping that things would turn around for the company but it is looking grim. The board of directors has not given up but they recognize that they have to downsize immediately. So they are giving up their larger office space and moving to a much smaller place. They are not giving up on the funding hopes but also recognize that many of their employees will now start seriously looking for work. It is a sad time because the product they have designed is ground breaking for the television and speaker industry. Hopefully someone will finally see that and dive in with lots of money. All prayers are greatly appreciated.

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