CCI, assets sold?
I just happened to notice some things in this article:
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Off with the trims!
My fellow Americans; Let's Roll!
Woodencoaster.com
Dinn's fallen dynasty, renowned nationally for both its wooden and steel roller coasters.
What steel coasters did they make??
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Raging Bull= 107
What assets do they have? My understanding is that's what the Chapter 7 variety of bankruptcy is.
I have copies of three seperate cases filed in court on 7/17. One names Denise Larrick as the debtor, the other two name Custom Coasters Inc. (apparently because they have two taxpayer ID's). The one for Larrick says there are no assets, so if she personally owes you money, I guess that means you're out of luck. The others allow you to file a claim.
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Jeff - Webmaster/Admin - CoasterBuzz.com, Sillynonsense.com
"Let's stop saying 'don't quote me,' because if no one quotes you, you probably haven't said a thing worth saying." - Dogma, KMFDM
"Nelson said that after speaking to Custom Coasters owner Denise Dinn and the owner of an undisclosed company that will take over Custom Coasters' operations, he believes work on the roller coaster will proceed."
Hmmmmm...... you know there is a rumor floating around that S&S has been courting Denise Dinn to head up a wooden coaster division. Is this another clue? And if it womes through would the coaster at Waldameer be the last CCI or the first S&S woodie? :-)
Now I know Ms. Dinn and think she is a perfectly lovely person, but I certianly hope any other manufacturer that takes her on as a partner is careful about the business side of things. From what I understand the closure of CCI comes from some personal issues but mostly years of bad management and *ahem* poential future lawsuits. Although CCI is viewed by enthusiasts as the stellar woodie manufacturer, the predominant feeling within the industry was not positive.
Shaggy
*** This post was edited by Shaggy on 8/1/2002. ***
And little birdies tell me that Mr. Larrick is going to start his own company.
Chuck, who says this in not a rumor but is not final either
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Charles Nungester.
Visit Lesourdsville Lake :) Park phone is (513)539-2193
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Yes I'm 15, no I'm not childish, I'm not being sarcastic, well maybe I do have somewhat of an ego...
I think it's going to depend on what her involvement is. To take on CCI's operation is to take on their problems. Talking to people around the industry a lot of people are of the opinion that they never paid the bills. Is that someone you'd want to work with in the future? I sure wouldn't.
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Jeff - Webmaster/Admin - CoasterBuzz.com, Sillynonsense.com
"Let's stop saying 'don't quote me,' because if no one quotes you, you probably haven't said a thing worth saying." - Dogma, KMFDM
From what I hear she is pretty much gonna be a face/sales person and let the experts like Larry Bill handle the engineering...
Mr. Bill told me the day before they officially closed that they were being bought out by someone ;) in August.
And yes, from what I hear, they were always late paying their bills. If CCI re-opens, dont expec their coasters to be as cheap as they were before...
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WCUSA-The World's largest theme park is coming!
Theme parks will NEVER be the same!
"CCI" will not re-open. I expect it will be bought out and the designers and partners to become a division of another existing company.
"CCI" is history folks.
Ms. Dinn being a "face" or "sales person" is not necessarily a good thing. Basically Denise, from what I understand, has lost face with many in the industry because of poor management, neglecting to fulfill sales promises etc. The company had a great introduction because Dinn/Summers basically became CCI when Dinn retired and Summers died. The Dinn name, on which CCI thrived, held up for years, but the bad business dealings in the mean-time wreaked havok.
Again I have no quams with her, I think she is a great person.
Enthusiasts tend to only see a company by the "ride" it produces. But these coaster manufacturers are businesses first and foremost. Most enthusiasts think CCI was just the sun moon and stars. But truthfully the company had lousy business procedures from what I hear. Sure they delivered some great product, but their follow up and organization left a lot to be desired.
Honestly, if I owned a park and was choosing to install a major ride addition, I would pursue a manufacturer that could deliver good product, that would guarantee thorough follow through on their promises and had a reputable business past. The lat G's and airtime would be the last thing on my mind.
Hence that is why B&M is the king right now. That company has cornered the market on delivering the things I mentioned above. But above all, have the best business heads in the industry.
Shaggy
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Shaggy
R.I.P. Maestro
Phantom Theater 1992-2002
Well, thats what I meant shaggy... I know the name CCI is dead, but I guarantee that the price for their coasters will definitely rise to market levels.
I totally see where you are coming from.. Everyone always wondered why SF stopped buying CCI's back in 1999...this is why. Their business practices were not adequate enough to sustain the company long term. When SF talked to CCI about why they recommended Gert trains on their coasters, CCI basically told them...because!
Well, CCI wouldnt take the trains back and they recommended that the Gerts stay. This in turn caused SF to sue them for an undisclosed sum due to the lack of satisfaction with CCI. Also, PTC followed with a lawsuit for not being CCI's premier train provider (it was contracted of course). PTC used to be CCI's recommended train provider before the Gerts mysterious took their place. I guess Gertslaur paid CCI more money than PTC. Eventually, the parks started to request PTC trains on their layouts that had gerts and clients building new rides as well. So, CCI woke up and dumped the Gert trains and went back to PTC. But in the process, they pissed off their largest customer which ultimately cost them their company. I dont care what was officially stated about the divorce issue, CCI had money problems for years.. it just finally caught up with them.
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WCUSA-The World's largest theme park is coming!
Theme parks will NEVER be the same!
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