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The company continued operations until cash-flow problems forced it out of business in July 1999. Piranha
Interactive Publishing did not file for Bankruptcy; rather, they closed their doors and liquidated their assets. The following press release was sent out and posted on the company's website:
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Piranha
Interactive Publishing, Inc. announced today that it has ceased operations effective as of the close of business on Friday, July 2, 1999. The Company has been unable to generate sufficient cashflow from its operations to meet its expenses and has been unable to secure additional
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were delisted from the Nasdaq SmallCap market as of the close of business on June 23. The lack of an active market for
Company's securities drastically limited the Company's ability to secure additional capital. The Company is in the process of
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While
Piranha completely closed operations in 1999 and is no longer extant, two of the former Piranha employees bought the licenses to some of the software titles and continue to publish them under a different company,
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The corporation secured several retail titles in both educational and entertainment genres in the first few years of operation. Early successes led to a successful multimillion-dollar
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program that was the winner of the 1999 Codie "Excellence In
Software" Award for "Best New Home Education For Teenagers and Adults."
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The company also published a number of compilations (or "Piranha Packs") of educational, productivity and entertainment titles.
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software, thus avoiding the high risk and cost of in-house development, and therefore passing on higher
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firm founded in 1995 with seven principles. The business plan was to secure and publish third-party
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are far in excess of its assets. The final distribution to creditors is expected to be
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312:(July 9, 1999) Tempe, Arizona - Piranha Interactive Publishing, Inc.
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Piranha
Interactive's most successful published software title was
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all remaining assets and the proceeds will be distributed to
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Piranha
Interactive Publishing, Inc. Terminates Operations
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384:Piranha Interactive Publishing Official Site
410:Video game companies of the United States
109:Learn how and when to remove this message
405:Publishing companies established in 1995
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187:Some other Piranha titles included:
137:Piranha Interactive Publishing, Inc.
47:adding citations to reliable sources
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121:Not to be confused with
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309:For Immediate Release
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281:(IBM PC) (Macintosh)
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353:Tiburon Interactive
272:Revenge of the Toys
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256:Planetary Missions
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41:Please help
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335:liabilities
327:liquidating
399:Categories
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339:de minimis
322:securities
286:Syn-Factor
193:Air Blocks
177:RedShift 3
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182:astronomy
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99:June 2015
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