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Author Topic: GRE having financial difficulties  (Read 780 times)
KB1TXK
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« on: October 29, 2012, 12:23:21 PM »

http://forums.radioreference.com/community-announcements-news/251804-gre-america-inc-press-release.html

Quote
October 23, 2012

To our valued Dealers and Customers,

Due to circumstances beyond its control, General Research of Electronics of Japan (GRE) is
temporarily not able to manufacture the GRECOM and Radio Shack branded radio scanners.

The Chinese Government’s plan to redevelop the area where the GRE factory had been in operation for over ten years finally forced its closure. Anticipating this eventuality, GRE was in the process of building a new factory but unfortunately the cost of raw materials, labor and increased taxes created a heavy financial investment burden that could not be effectively recovered.

GRE America continues to market, support and service the GRECOM branded scanners and is
contractually committed to keep the Library Database updated and current. GRE America will
continue to market, service and support Alinco’s radio products without any interruption.

We sincerely apologize for this unfortunate turn of events. GRE is proceeding to establish a contract with a new factory and believes it will be able to restart the manufacturing in the near future.

For continued sales, service and support, please contact the GRE America office.

Raj Gounder
Director of sales
GRE America, Inc.

Someone may have already posted this. Sorry if its a duplicate.
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