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E&E Engineering Forced to Close Operations June 1st 2009 Industrial Control is now a full line distributor for some of the suppliers of E&E Engineering Including CarrLane, SwiftSure, QC Industries, Storch Magnetics, and TMT Speedy Rail.
Industrial Control can now fill these orders. 800-878-6722 or orders@industrialcontrol.com
E&E Engineering, Inc. 7200 Miller Drive Warren, MI 48092 Phone (586) 978-3800 Fax (586) 978-8400 ISO 9001-2000 Certified www.eeeng.com info@eeeng.com
June 1, 2009
Dear E & E Engineering, Inc. Trade Creditor:
This letter is to inform you that on May 14, 2009, E & E Engineering, Inc.'s ("E & E") line of credit was canceled by the bank and our loan called in. As a result, E & E was forced into an orderly liquidation by the bank.
All remaining accounts receivable owned by E & E will be collected and paid to the bank in repayment of the loan. Further, all of E & E's remaining inventory and equipment will be liquidated and the proceeds used for repayment to the bank.
It is anticipated that once all proceeds from the collection of accounts receivable and the sale of inventory and equipment are received, there will still be a shortfall and/or very little, if any, funds available for payment to trade creditors.
We appreciate the business and loyalty of our many customers over the past 66 years; and wish to express our sincere apologies for this unfortunate situation and for any difficulties this may have caused.
Respectfully,
E & E ENGINEERING, INC.
P. Matthew Hirzel President/CEO
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