ANNOUNCEMENT OF PUBLIC SALE
VTECH HOLDINGS, LTD., a Bermuda corporation ("VTHL"), as the Secured Party, is holding a public ale of the Assets of HOMERELAY COMMUNICATIONS, INC., a Delaware corporation ("HomeRelay") on June 5, 2003, at 2:00 p.m., at the offices of Post Kirby Noonan & Sweat LLP, at 600 West Broadway, Suite 1100, San Diego, California 92101. This sale is the result of a default by HomeRelay under the Security Agreement and related Amendment to Loan Agreement and Convertible Note dated February 26, 2002 (the "Loan Agreement"). The sale is being conducted by VTHL as Secured Party exercising its rights under the Security Agreement.
The collateral to be sold includes all equipment, furniture, fixtures and contract rights of HomeRelay of any kind.
HomeRelay is engaged in the business of providing custom email services and other custom Internet services for nonPC devices produced by other companies. It is an Internet service provider specializing in email, Internet access for PDAs and other specialized devices designed to use HomeRelay's services as its Internet service provider.
The primary assets are as follows:
?Contracts with approximately 40,000 users of Internet services;
?Stationbreak computer equipment;
?Ultra 5 Workstations (Forsythe Solutions);
?SOL server (Forsythe Solutions);
?Cisco equipment (CDW Computer Centers, Inc.);
?Firewall Appliance (NCC Network);
?Sun Netra equipment;
?Flatiron BB (Foundry Network);
?Dell PowerEdge, Dell PowerVault, E22R server (Forsythe Solutions); and
?Related computer and server equipment
?Miscellaneous other computer system equipment
A complete list of the assets and more details regarding them may be obtained from Richard W. Sweat at Post Kirby Noonan & Sweat LLP, at 600 West Broadway, Suite 1100, San Diego, California 92101, telephone number (619)231-8666.
Interested persons are urged to contact Stanley M. Hartstein, telephone number (973)526-02088 with regard to the possible purchase of the entire operating facility, and the sale of facility as a unit is desired. VTHL reserves the right to sell the collateral as one operating unit, in lots, or as individual pieces of equipment, furniture, fixtures and other assets. Any party interested in additional information regarding the assets to be sold for the purpose of considering bidding at the sale should contact Richard W. Sweat at Post Kirby Noonan & Sweat LLP, at 600 West Broadway, Suite 1100, San Diego, California 92101, telephone number (619)231-8666.
Pub. May 13,14,20,21-x501866
|Browse By Publication Date||Months in 2003||Days in May 2003|
2003 Public Notices