[mr68]

What a shame things had to come to this;






CRANE CAMS CONFIRMS - AUCTION SALE PROCEEDING AS SCHEDULED

Wednesday, April 22, 2009 at 10:00 a.m. EDT



High Performance Camshaft Manufacturer

All Machinery, $2+ Million in Inventory, 16 Trademarks,
Patents and Product Line IP For Sale





View Assets for Sale | Register to Bid | View Terms of Sale

Daytona Beach, FL - The sale of Crane Cams is on! Today, Crane Cams announced that it is "...committed to its scheduled auction date of April 22, and is entertaining as many interested buyers as possible." Crane Cams further stated that "Crane has no agreement to sell its assets to Scorpion Performance, nor has it received any offer of any kind from Scorpion."

Read the Press Release from Crane Cams, Inc.

LiquiTec was retained by Crane Cams to conduct a public auction of the company's assets on April 22, 2009 and is also working to sell the assets before the auction to a variety of buyers who have expressed interest in the company's very well-established high-performance valve-train and ignition components and product lines. LiquiTec is handling all negotiations in connection with the sale of the Crane Cams' assets.

Contrary to public statements and news releases issued by Scorpion Performance suggesting that a transaction with Crane Cams was "nearly complete," and that Scorpion Performance was meeting with Crane Cams to "finalize the details," LiquiTec has had no discussions with Scorpion Performance whatsoever. Bob Gaudiosi, Vice President of LiquiTec Industries in Mequon, Wisconsin said, "Scorpion's repeated public statements suggesting their purchase of Crane Cams was imminent has created significant confusion in the marketplace. However, let me assure you, the sale is on and always has been."

LiquiTec is currently working with a variety of buyers who have expressed an interest in buying Crane Cams® and related trademarks, its very popular product lines and related intellectual property, its inventory and its machinery. Don't be misled. Everyone has an opportunity to buy the Crane Cams assets. Act now because there are just 9-days remaining.

LiquiTec is accepting bids now for inventory, trademarks, patents and product line IP. An auction sale of all remaining inventory and machinery will take place on Wednesday, April 22, 2009 at the company's former headquarters in Daytona Beach, Florida. The sale will also be broadcast over the internet via BidSpotter.com. For more information or to register to attend the sale, visit www.liquitec.net or call (800) 852-9252. The sale will be conducted by David S. Gronik, Florida Auctioneer License # AU3852.

Read the Press Release from Crane Cams, Inc.









10218 North Port Washington Road; Mequon, Wisconsin 53092

800 852-9252 | liquitec.net


© 2009 LiquiTec Industries, Incorporated. All Rights Reserved.
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[Old Blue 66]

Strangely enough, it appears Racingjunk.com shared my email address with the liquidation company because I received an email with this same information.

Racingjunk's name appeared on the bottom of the email in small print

[scott cedergren]

What a shame!

[Dave Bisschop]

Very Sad

[ford4play]

I had missed this post originally, so just found out yesterday when I went on their website to look for some info. This really is a shame. I have been trying to find some news as to what happened to get them into this situation. Anyone know any details? All the news I could find went back to march/april, but nothing recently, other than s&s cycles aquired some things. All kinda hush-hush so to speak. Anyone happen to know anything?

[PONTIAC DUDE]

A conglomerate in Mich or up that way ended up with highest bid. 1.3 million. Scorpion bid 1.2 and was outbid at the last. Rumors range from buying for the patents & selling the inventory/equipment, etc to moving it all up North. Then you have re-opening at the original location in Daytona.

Hope they get it together & go back in business.