Media 100, manufacturer of Media 100 i and Final Effects Complete, appears to be in serious financial trouble. The company today made an announcement which suggests it may be forced to cease operations.
Media 100 has been unable to achieve forecast revenue levels and is therefore exploring its options in addressing a dire financial situation. The company needs to quickly raise additional capital, possibly through selling all or part of the business.
Media 100 expects to make an announcement on any definitive financial arrangements within the next two weeks. It acknowledges that without such an arrangement it may be required to cease trading. Media 100 was notable in its absence from the Video Forum in the UK this month.