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Interquest emerges from bankruptcy with plan for profits in 2001

News | 09/06/2000 4:00 am EDT

Interquest Inc, on the ropes as recently as six weeks ago, is predicting a return to full operations by the end of September and profitability by the end of next year, according to chair Pierre Côté. The Montreal-based company had filed for bankruptcy protection last July (CNM, July 26/00), but a group of undisclosed American investors has stepped up to the plate to save the beleaguered organization. The new owners are expected to have purchased all the shares previously owned by the Fonds de Solidarité du Québec by September 25, signaling the beginning of a successful turnaround for the company.

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