I predicted for the month of June that we’d be seeing company closings and consolidations www.adultcybermart.com/StoryCardsSay.html

David Sturman posts this announcement: It is with a touch of sadness that I must inform you that we will be closing General Video/Adult Supersource on June 14th. We will not be placing any additional orders with you after today. We had a great run together and I look forward to continued business but in a different way.
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We are reviewing our accounting records and will pay any outstanding invoices in a timely fashion. We will be in contact with you to confirm our current balance owed and to arrange for the solution of our outstanding issues, if any.

As you know, we will still need to supply our stores with your products. I will be ordering for the remaining 28 stores and all shipments will need to be made and billed to each store directly. All pricing will have to be reviewed before any orders are made. All new shipments will be paid on a strict 30 day basis by each store. I will be contacting you all in the next few weeks to personally arrange these new requirements.

I want to thank you for your past support and continued business. I couldn’t describe how much we appreciate and are thankful for having you as a supplier. In the past we have faced challenging hurdles and have made many changes in order to stay profitable. These changes include huge expense reductions, changes in our marketing strategy, and closely monitoring all our purchasing of products and supplies. We have made these changes in the face of a recession that has no end in sight but are committed to ride out the poor economy and look ahead to the future.

Please don’t hesitate to call if you have any questions or if there is anything we need to do to close our records with you.

Sincerely,

David