Yes,Teres is still around.
I have a brand new Verus motor and controller that I recieved a few weeks ago
I started the process mid October 2015,recieved the unit end of December.
This is going head to head with a 24k silent drive on a TTW Gem V2 with copper platter and copperhead record clamp.
As I write this the Verus is doing spin duties
I,ll keep you posted :)
Do not discount Teres Audio
Be prepared for a wait as Chris is a low production vendor
anything good is allways worth a little patience :)