British e-reader firm in liquidation

British e-reader company Interead has been sent into liquidation.


British e-reader company Interead has been sent into liquidation.

The firm's products are still being sold in UK stores, even though it was wound up in Liverpool County Court over a month ago. It was served a winding-up order by Clerkenwell-based PR company Beam Communications.

Interead's Cool-er colourful range of e-readers, competitors to the likes of Sony, are still being offered by Argos and Tesco stores, as well as being available online from LoveFilm.

Tesco would not comment as to why it was not fully informing its customers about Interead's financial problems but Argos said: "We took the commercial decision earlier this year to phase out this product range. We no longer have an active working relationship with this supplier and were unaware of the suggested recent developments within their business."

According to a report in The Guardian, Interead claimed the company's problems came about when an order for 17,000 Cool-ers from a high-profile American retail group was cancelled at the 11th hour.

Last year, Interead said that it had signed a deal with AT&T for a 3G version of Cool-er. But it is not clear what happened to that.

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