As an ex DRR member who had paid last July a one year subscription I enquired to know if I could get some money back (I am a dreamer!)
Here is what I received:
November 3, 2008
Thank you for your inquiry regarding Digital Railroad.
Digital Railroad (DRR) retained the Diablo Management Group ( DMG) on October 10, 2008, a nationally recognized crisis management firm to assist in raising operating capital, or if unsuccessful, to terminate business operations. Due to the inability to raise the capital necessary to continue to operate, Digital Railroad (â€œDRRâ€) ceased operations on October 28, 2008.
DMG has been attempting to keep the servers at DRR up and running for as long as possible. However, given DRRâ€™s current cash position, DRR can no longer keep these servers operational. Therefore, as early as midnight EST, October 31, 2008, the DRR website will be closed and the images located on the DRR servers will be inaccessible. We apologize for difficulties that this is creating, however, without additional capital investment, we have no other recourse.
Although DRR has received a letter of intent to purchase some of the assets of the company, all monies that have been received are the property of the senior secured creditor. The cash received will not be adequate to satisfy the claim of this creditor. Therefore DRR lacks the cash necessary to pay any additional claim related to hosting services, payments to photographers, or other payables.
With regard to images in Marketplace that have been downloaded and /or used, and for which the publisher has not already made payment, we will work, with the assistance of photographer associations, to get the photographers paid.
At the same time, please submit a statement for unpaid amounts that may be due to you from DRR by December 1, 2008 to:
Digital Railroad, Inc
c/o Diablo Management Group
1452 N. Vasco Road, #301
Livermore, CA 94551
A status report on financial matters will be sent to all creditors in approximately thirty days. Updates on systems, customer property, and potential asset purchase proposal(s) will be posted as they become available.
Please check the DMG website regularly for updates on DRR.
2008-11-11 10:47:37 UTC