Is it true Genesis is out of business?


I have heard this several times in recent months, and some people have found their website unavailable, but I have accessed the website often recently w/no problems. I think my Genesis 500's are the best speakers I have ever owned--of course, I haven't owned 'em all or heard 'em all, but these have remained in a constantly changing system for 5 yrs and I still love hearing them. If it's true that Genesis is folding, I'd look for great deals on the newer model 501's and other Genesis models. I've had several people lately tell me to stay away from Genesis, given their financial situation, but if I can get some of their speakers for huge discounts, why should I stay away? Is it because of warranty issues? My 500's have been perfect, and couldn't someone else fix a faulty speaker for me (for a price, of course) anyway? I have never had to use the warranty on a speaker, maybe that's just good luck, but I have never had one blow or melt or anything. Any other reason not to buy Genesis speakers at huge discounts, if possible?
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Showing 1 response by skaloumbakas

Hi all,

A.C.A. received the following Announcement which I think it might interest Genesis owners:

______________________________________________

From: "Jacquelyn Koh" [email protected]
To: "Audiophile Club of Athens" [email protected]
Sent: Friday, August 02, 2002 6:23 AM
Subject: Genesis: News and Launch

Hi,

I've noticed that your website for the Audiophile Club of Athens at http://aca.gr has many articles on Genesis speakers and products, and indicates many members who own our products.

As such I'd like to ask if you would be interested to receive the Press Release for the launch of the new company Genesis Advanced Technologies, which will be taking over the Genesis product line.

We also have the press release on our website at http://www.genesis80.com

Thanks and Best Regards,
Jacquelyn
Genesis Advanced Technologies (Pte) Limited
192 Waterloo Street, Jacquelyn Koh General Manager
#07-01, Skyline Building, DID: (65) 6 332-2300 Fax: (65) 6 339-3112
Singapore 187966 http://www.genesis80.com