Is it true Genesis is out of business?

yes, it has been just announced at "Stereophile" magazine that Genesis has filed for bankruptcy...the only good thing, according to the article, is that it appears that someone, the owner of "Perpetual Technologies" products as reported, is "99% sure that he'll be buying the brand name for Genesis Technologies and continuing to manufacture some of its available products and have them manufactured in China with the same components and parts as previously built"...
in my case,as i already own two and would like to purchase another one, it was specifically mentioned that he is planning on assembling the 928 subwoofers and selling them for a list price of $1.200, which would be substantially less than the existing list price of $1.700 each.
as far as i am concerned, the 928 are a "best-buy" product, with two servo-controlled 12" metal woofers firing at opposite directions, very fast and agile drivers and yet capable of reaching down to below 20 Hz with vanishing distortion while playing at very high levels...an awesome product...!!!

Any new informations about the future of Genesis? I am also a great fan of them because the quality of sound of their speakers is one of the best in the world - I tried much other speakers but none of them were as good. I own a system II.

If it's true that they'll keep producing Genesis parts and speakers in China, hell will freeze before this American ever owns a new Genesis product. Great sounding speakers or not, I won't give a dime of my money voluntarily to murderous communists, nor will I assist in some greedy bastard's plans to stuff his own pockets with the fruits of slave and prison labor while denying his American countrymen employment. Unpopular opinion in these warm, fuzzy, politically-correct times? You bet. Do I care? Not a whit.

Vdub, Go to Wal-Mart, (or any other department store), walk up and down the isles, and tell me where everything is made!!
Arnie Nudell WAS Genesis, and was Infinity. Without Arnie, there is no Genesis, just as there is no Infinity right now.(dont tell me any of the stuff they are turning out even remotely resembles the Infinity of A. Nudell)
By the way, the Infinity EMIM and EMIT, (probably the worlds greatest achievement in driver design, were all made in Japan, by Tarnegin. Made in the USA, does not necessarily mean entirely.
I sincerely hope Arnie gets back into speakers, I am not sure anyone can touch him as a designer......Frank

Frank, you've completely missed the point of my comments. I don't have a problem with most foreign-made products, nor do I have a problem with products specifically made in Japan. I have a problem with products made in China, and American companies that put their own countrymen out of work so that they can maximize profits by exploiting cheap Chinese labor. Most Chinese-made products are the fruits of prison and slave labor. Most prisoners in China are political dissidents whose only crime was to espouse democracy. Maybe misguided globalism can assuage your conscience when you're shopping at Wal-Mart, but I'm sure it's slim consolation to the families of students crushed by tanks for protesting for democracy in Tiananman Square. I'm sure that every woman forced to abort her child because of government-imposed limits on procreation may not understand either. For every baby girl murdered in China because only males can inherit family property, I'm sure there's someone here who can blithely ignore the moral implications of these acts just as long as they can get a bath towel or paper clip or socket wrench cheaper at Wal-Mart. As for American manufacturers who put their workers out on the curb and move production to China, I do not purchase their products. I read the tags on every single item I buy, no matter how small or insignificant it may seem, and if it's made in China, I *somehow* manage to do without it. I'm no human-rights crusader, nor am I some leaping liberal. I'm a dyed-in-the-wool conservative and die-hard capitalist, but I believe in responsible capitalism, and most of all, the economic and ethical security of my country. Motorola just dumped 25,000 workers so they could move their production from my home state to China to take advantage of exploited labor. Will my next cellphone be a Motorola as my current one is? Hell no. I have many components from many countries in my various audio systems, but none from China, not only because they're junk, but because the issue is larger than my shopping convenience or my choice of leisure-time activities. I will now yield my soapbox so that you can all take potshots at my unpopular opinions and utter lack of political correctness.