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.
This content is available to wirereport.ca subscribers
Already a subscriber? Sign in here
Unlock all the Canadian telecom, broadcasting and digital media news you need.
Take a free trial or subscribe to The Wire Report now.
Two weeks free access to thewirereport.ca and our exlusive newsletters.
Unlimited access to thewirereport.ca and our exlusive newsletters.