The previous company did not go belly up. Jerry's health and personal situation precluded him from continuing the business. Granted, he did not make the sale of the business easy, and may have had some issues near the end, but it was still quite viable when he stopped things.What's above is all there really is. The interesting part of the story was the reticence to sell the original company for what anyone considered a fair price, but not protecting the brand name or the domain.
In any case, the new business and the new owner seems to be going in the right direction, looking at the issues that made the previous company go belly up. Very nice guy with good ideas. Stay tuned, and check the website, should be an update coming soon.
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