i-mate CEO says company isn't dead yet, just dealing with 'major fraud'
Well, it looks like the reports of i-mate's demise may have been slightly exaggerated. Of course, most of its employees are still laid off, its offices are still closed, and no one's answering the phones, but i-mate CEO Jim Morrison assures us that "everything about i-mate will continue." It turns out the company is just dealing with some "major fraud" that was discovered at the end of August as it was beginning to introduce a new line of devices, which led to some problems with little things like "paying employees." Those employees are also now said to be considering taking things up with the local authorities in Dubai, which Morrison admits would make things "difficult," although he insists that the company still has those new products ready to go, that it's "looking for more funding," and that "there is a lot of good stuff happening."
[Thanks, Brendan]
[Thanks, Brendan]
Reader Comments (Page 1 of 1)
000000 @ Sep 24th 2009 11:54AM
What new devices is IMate coming out with. The i-mate Jam 2?...
Who remembers that?!
Ely @ Sep 24th 2009 12:08PM
Just so you know, the "I'm not dead yet" line come from the black death scene not the black night.
Ely @ Sep 24th 2009 12:11PM
Yes, I misspelled knight and probably misspelled misspelled.
Rojo @ Sep 24th 2009 12:38PM
Morrison: i-mate is still alive and we're getting better!
Everyone else: No you're not, you'll be stone dead in a moment!
OneLove @ Sep 24th 2009 2:23PM
of course not, cause you cant be CEO of a dead company.