WhatTheyThink

VIO Worldwide To Close Down by the End of Summer

Press release from the issuing company

4/13/01 - (WhatTheyThink.com) According to sources familiar with the company's financial condition, VIO, will cease operations by the end of the summer. Sources said the company had experienced significant losses and was unable to attract the needed funding to continue the operation. Scitex, who owned a portion of the company with BT, said in February that they would divest of their shares in anticipation of a management buy out. An agreement was never reached. Sources said the company would continue operating it's core service until the end of June and provide basic Internet service until the end of July.