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Coppola denies receivership rumors for Ottawa’s Filament Communications Inc

News | 09/06/2001 4:00 am EDT

The founder of Filament Inc, a high-profile Ottawa new media shop, says reports that his company has gone into receivership are false, though the firm is looking at several options to escape a financial crunch. A recent article in an Ottawa-based trade newspaper claimed that the Bank of Montreal, one of Filament’s major creditors, had called in a line of credit, forcing the company to shut down. Alfredo Coppola, who founded Filament and now serves as its "chief usability architect" says he’s "shocked" that the rumour is making the media rounds, and insists that no action’s been taken to shutter operations.

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