I was local to the company, and got to know the co-owners a bit. It seemed to be a synergistic relationship, one person was a technical guy, the other was a sales/marketing person. They had plans for a lot more than the DAC. By that, I mean power amp, preamp, speakers, subwoofers. The technical person had some ideas that seemed to really be a breath of fresh air, in a business that sometimes has too many "me too" companies. This was all about 10 years ago.
I was at the home of one, checking out his JSE Infinite Slope 2 loudspeakers. Both men were there, and they were truly very, very nice people. They were part of the Philadelphia Audiophile Society, and invited me to join the ranks. While listening to the system, I was bowled over by the sound. Never before did I hear digital with such realness. It was the closest feeling I have ever had that I was actually listening to analog. But, it was a CD player, running through their DAC. The smoothness and lack of "digititis" was hard to believe. I was extremely impressed.
As I said, this was about a decade ago, so I am not sure how I would react to the sound today. Please take all of this with the gigantic grain of salt that is. Would I still have the same awe? I cannot say. I will say that I would love the opportunity of finding out. And, if things were even 75% as good as I remember, and the price was good, I would definitely make a purchase. Be aware that the company has long since gone away, so service would be a consideration.
I have no idea whether there is any connection, but one of the owners lived in Gwynedd(Lower Gwynedd or Gwynedd Valley?), PA, which also happens to be the home base of Impact Technologies, a speaker company of some acclaim. Like I said, I have no idea if the same parties are involved, but I would at least ask. If on the off chance that it was the same guy, that might alleviate some of the downside of purchasing gear from a now defunct company.