MecklerMedia to Liquidate; 3DPrint.com Operating as Normal Under 3DR Holdings, LLC
Last week, it was announced that MecklerMedia was working, effective immediately, toward a plan of liquidation and dissolution, suspending operations. The move, unexpected from many corners and announced on Monday, December 21, comes on the heels of recent health concerns for CEO and founder Alan Meckler, as well as “many months of unsuccessful efforts to raise capital and/or seek a potential acquirer.”
“We are extremely disappointed to suspend operations but the market for our trade shows has not developed as fast as we expected it would. At this time, the Company continues to work with its financial and legal advisers and is considering various methods of liquidation, all in an effort to maximize the value of Company assets,” Meckler explained.
MecklerMedia had operated trade shows including the popular Inside 3D Printing series, as well as RoboUniverse and Bitcoin Industries. While as yet no plans have been announced for the future of these trade shows, there remains the potential for an acquiring party to take these operations into hand.
“The company expects that all of the proceeds from any sale of its assets will be used to pay its creditors, including its secured creditor, and its wind down expenses,” the official press release noted. “The Company anticipates that there will not be sufficient proceeds for any recovery by the stockholders.”
The liquidation also has the effect of immediately and significantly reducing the MecklerMedia workforce.
As many of our readers noticed, in September of this year, MecklerMedia acquired 3DPrint.com. Operations here at the site remain unaffected, generally, by the recent announcement. This website now operates under the newly formed 3DR Holdings LLC, run by Alan Meckler and John Meckler. Staffing remains the same here, with no changes to our full-time or regular freelance writing and editing staffing, and I remain in place as the site’s editor-in-chief.
3DPrint.com will remain in operations, without hiccups. As ever, any of our staff can be contacted through our About Us page, as well as through any of our social media accounts, including Facebook, LinkedIn, and Twitter, and we welcome comments on stories as well as on other aspects of 3D printing at our affiliated message board, which continues to be run by the Krassensteins, at 3DPrintBoard.com. Questions, concerns, comments, or news tips can also be sent to me directly at firstname.lastname@example.org.
Any inquiries regarding the news from MecklerMedia–and anyone interested in purchasing the company’s assets–can be directed to Scott Markowitz at c/o Tarter Krinsky & Drogin LLP, 1350 Broadway, New York, NY 10018, 212-216-8000.
You May Also Like
China: Improving Cell Viability by Refining Structural Design in Scaffolds
Chinese researchers are seeking new ways to create stronger cell growth and sustainability in scaffolds. With their findings outlined in the recently published, ‘Structure-induced cell growth by 3D printing of...
Interview with Johnson & Johnson’s Bioprinting Lead Orchid Garcia
Orchid Garcia is a Research Fellow and Lead for 3D Bioprinting and Tissue Regen Technologies at Johnson & Johnson. As Johnson & Johnson’s technical lead for bioprinting she is both...
Digilab: On the State of Bioprinting Today
In a recent interview with Digilab‘s CEO Sidney Braginsky, Senior Applications Manager Igor Zlatkin, and John Moore, President and COO, 3DPrint.com got a glimpse of the focus, future, and advances...
Vienna: 3D printing Prototypes for Cutting the Cost of Lab-on-a-Chip & Organ-on-a-Chip Systems
A variety of new microfabrication methods are available now for creating rapid prototypes and new systems, and Vienna University of Technology researchers explain new research in ‘Characterization of four functional...
View our broad assortment of in house and third party products.