Soundfocus, the company that developed Amp Audio, a crowdfunded iPhone case delivering amplified audio, announced its immediate plans to file for bankruptcy.
Founder and CEO, Alex Selig, shared the news on Medium, all while the Amp Audio Facebook was deleted.
“It is with a heavy heart that I write this blog post. Over the past few months a series of truly unfortunate events have unfolded. The result is that we will not be able to deliver the AMP case and we are now forced to wind down the company […]
After several months of negotiation and receiving a letter of intent from the potential acquirer, the deal fell through at the final stages. This was the final blow that has now forced us to close our doors […]
We are now forced to wind down the company through a formal bankruptcy process. Again, we are incredibly sorry about this outcome and we will be doing everything that we can to support this process.”
The company claimed to have had $1.2 million dollars in pre-orders; the product was heavily promoted on Facebook via ads.
Domain investor, George Verdugo, notified us of the ongoing situation with Soundfocus. He had placed an order for Amp Audio as well.
In 2013, Soundfocus acquired the domain Soundfocus.com on Afternic for $3,000 dollars.
It sounded like a great product, and I ordered one in December 2015. It is sad they are filing bankruptcy, but do you know if there Is there any way for those who did purchase to receive a refund? Do you know where a claim can be filed in the bankruptcy court?
Anyway, they are dishonest in their dealing, i have order last year Oct and having excuses month after month, already sound fishy business going on, from Chinese new year delay to resting to certification. Full of excuses.
Should have class action suit against facebook and yahoo through their medium for false promotion and business.
For your information, you can go to US District Bankruptcy Court in the Northern District of CA (http://www.canb.uscourts.gov/) to file a claim ONLINE. It doesn’t take any time at all, and there is a menu to the left where you select “File an Electronic Proof of Claim”.
You can attach supporting documents as well, but if you do NOT file, then they can not pay out for the debt to you. Do it soon, because there is a deadline to file a claim.
You will need this information to identify the case: Information to identify the case:
United States Bankruptcy Court, Northern District of California
Debtor: Symphonic Audio Technologies Corp.
EIN: 47-1078063
Case number: 16-30549 HLB 7
Date case filed for chapter 7: 5/18/16
I ordered over a year and a half ago. Will we get a refund or should we all consider a class action suit?
Everyone, consider your investment money gone. Soundfocus has exhausted all the “investment” funds and Soundfocus is exiting the market via the bankruptcy process to legally wash their hands of their business debt. They said they are sorry and their apology is probably the only thing they will offer to you. The bigger investors (if there were any) will be fortunate if they get *any* return on their investment, let alone the individual investor/buyer. Yes this is not right, yes this is personal to you, yes they should pay something back…but to Soundfocus and to the bankruptcy courts, this is all just business and the previous Soundfocus team is most likely onto their next “business” venture.