As a result, the companies are currently discussing a mutual release from the acquisition agreement dated February 3, 2005.
Concurrently, Dickie Walker has begun exploring opportunities for the Dickie Walker brand going forward, and is reviewing plans to re-launch the brand with a direct marketing approach that emphasizes the Dickie Walker website, mail order catalogs, and possibly associate stores.
In order to re-launch the brand, Dickie Walker is also reviewing its need to raise additional capital and the potential, if any of doing so. If Dickie Walker is unable to raise additional capital or rejuvenate its business, it may need to liquidate or declare bankruptcy.
Intelligent Energy is an energy solutions group with a proprietary suite of new energy technologies, and is focused on commercializing energy services in hydrogen generation, fuel storage and power generation using proton exchange membrane (PEM) fuel cell technology. Intelligent Energy's products and technologies provide solutions for global applications in the motive, distributed energy, defense and portable markets.
Dickie Walker Marine Inc designs, sources and has manufactured, markets and distributes authentic lines of nautically-inspired apparel, gifts and decorative items. The Dickie Walker brand is a lifestyle brand of nautically inspired apparel and accessories for the home, office and boat, which are distributed through specialty retailers, yacht clubs, resorts, higher-end sporting goods stores, marinas, coastal stores, catalogs and a branded website.
marketing@alchempro.com
