Visiontek says it's not going bust

Claims it's a victim of misperception
By Sylvie Barak Monday, 20 July 2009

THE INTERNET RUMOUR MILL is rife with whispers that AMD's AIB partner, Visiontek, is on the verge of filing for bankruptcy. But the company vehemently denies this, claiming the speculation has arisen due to what it calls "poor assumptions." Visiontek, one of ATI's certified graphics card partners, apparently has struggled through the credit crunch as video card shipments sank. This has led some to say that if the firm doesn't get a significant cash bail-out from investors soon, it will have to fold very soon indeed. But a statement from the company did its utmost to discredit the rumours, stating, "VisionTek continues to build its business and channel relationships in 2009." The statement went on to say, "new product launches are extending the brand's presence in the consumer market and positioning VisionTek as a leader in its product niches well into the next decade." Michael Innes, COO of Visiontek told the INQ not to believe the rumours of imminent bankruptcy, noting that the firm's executive management and board of investors had "succeeded in enhancing VisionTek's financial footing with a leading international bank."

Read more here -->Link