Action Village Closing Its Doors?
It is unfortunate that today we learned that Action Village, one of the premier online retailers of paintball products in the sport's history, may be closing their downs. The story first broke through the Chicago Tribune's website, which listed that Action Village's creditor would be liquidating the company's inventory in an effort to get a return on their investment, a surprising turn of events for what was once the most prominent paintball website's ever.
Here is the full listing from the Tribune's website:
NOTICE OF PUBLIC SALE OF PROPERTY OF ACTION VILLAGE, LLC UNDER UNIFORM
COMMERCIAL CODE PLEASE TAKE NOTICE THAT on Thursday, May 19, 2011, at
the hour of 11:00 a.m. Central Time, Spin Holdings, LLC (“Secured
Party”), who is a secured creditor of Action Village, LLC (“Borrower”),
will hold a public foreclosure sale at the offices of Secured Party’s
counsel set forth below under Section 9-610 of the Uniform Commercial
Code of all of the collateral pledged to Secured Party by Borrower,
which includes, without limitation, inventory, equipment, goods, general
intangibles, computer hardware and software and related rights,
fixtures and all proceeds of the foregoing. Action Village is an online
retailer of skateboard, snowboard, paintball and biking equipment and
related apparel located in Wood Dale, Illinois.
The sale will be held on
a “where is, as is” basis, without any representations and warranties,
express or implied. There is no warranty relating to title, possession,
quiet enjoyment or the like in this deposition. Secured Party reserves
the right to offer the assets in bulk or in lots. Secured Party reserves
the right to establish other reasonable bidding procedures and to have
potential bidders demonstrate their ability to perform and close to the
reasonable satisfaction of Secured Party. Secured Party reserves the
right to credit bid at the auction. Secured Party also reserves the
right to adjourn, continue or cancel the auction without further notice.
Any parties interested in further information about these assets should
counsel for the Secured Party set forth below or appear at the
foreclosure sale at the time and date set forth above. Robert E.
Richards, SNR DENTON US LLP, 233 South Wacker Drive, Suite 7800,
Chicago, Illinois 60606, Phone (312) 876-8000, Facsimile (312) 876-7934,
Old-school players may remember that ActionVillage once ran PBStar.com, a paintball website dedicated to the tournament side of the sport, which we were personally big fans of. We are truly sorry to see one of industry giant's potentially go under.