Is it true Genesis is out of business?

It's a shame - they've made some killer products over the years. I recently bought a used pair of Vs that were shipped to me without the amp cables. Thank God I got Genesis to help me resolve the problem (this was in the last two months) before they went out. The speakers sound incredible...

I second the wish that some investors step forward and give us Genesis fans a happy ending.

Jim

If someone want's to give up on Genesis, I might be interested to purchase a mint pair of Genesis 350SE or Genesis 201.

Alex

yes, it has been just announced at "Stereophile" magazine that Genesis has filed for bankruptcy...the only good thing, according to the article, is that it appears that someone, the owner of "Perpetual Technologies" products as reported, is "99% sure that he'll be buying the brand name for Genesis Technologies and continuing to manufacture some of its available products and have them manufactured in China with the same components and parts as previously built"...
in my case,as i already own two and would like to purchase another one, it was specifically mentioned that he is planning on assembling the 928 subwoofers and selling them for a list price of $1.200, which would be substantially less than the existing list price of $1.700 each.
as far as i am concerned, the 928 are a "best-buy" product, with two servo-controlled 12" metal woofers firing at opposite directions, very fast and agile drivers and yet capable of reaching down to below 20 Hz with vanishing distortion while playing at very high levels...an awesome product...!!!

Any new informations about the future of Genesis? I am also a great fan of them because the quality of sound of their speakers is one of the best in the world - I tried much other speakers but none of them were as good. I own a system II.

If it's true that they'll keep producing Genesis parts and speakers in China, hell will freeze before this American ever owns a new Genesis product. Great sounding speakers or not, I won't give a dime of my money voluntarily to murderous communists, nor will I assist in some greedy bastard's plans to stuff his own pockets with the fruits of slave and prison labor while denying his American countrymen employment. Unpopular opinion in these warm, fuzzy, politically-correct times? You bet. Do I care? Not a whit.