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Sniper07

Marcum Going Under???

12 posts in this topic

Hey Timmy Toe can you shed a little light on this for us? I read in another post that Marcum was bought out and is going to be shut down. We both know that they market the best flasher going and I hate the thought of not having a chance to get newer and better products from them. So I'm sure some of us would appreciate any info you can share.

SNIPER 07

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Lots of things are in limbo. NatureVision was bought out and Marcum is under that umbrella. They'll be another umbrella...

I'd like to build a flasher with no labels, stickers, identifying marks, pro-staff, advertising, comercials, ect...

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Nature Vision acquired MarCum last year and started liquidating inventory to earn cash. I picked up a brand new LX-5 for $300 from Reeds earlier this year.

Now it looks like Nature Vision will scale back operations - which I assume means - trimming their product line and focusing on a core strategy.

More details....

http://www.globenewswire.com/newsroom/news.html?d=171509

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Smails that explains what I found. I think.

Nature Vision, Inc. Announces 643M HSBC PANAMA Addition to Asset Recovery Portfolio ( )

ROCKWALL, Texas, Aug 17, 2009 (GlobeNewswire via COMTEX) -- Nature Vision, Inc. (PINK SHEETS:NRVN), a Minnesota Corporation, announces the following current events have taken place.

Nature Vision would like to announce a $643 Million HSBC PANAMA cash account has been added to the company's Asset Recovery Portfolio and will be recognized in Nature Vision's financial statements when recovered.

The Peace Through Water Foundation has elected to utilize the services of Nature Vision, Inc. to assist in the collection of this account. Peace Through Water Foundation (PTW) assigned all rights including ownership of the above described asset to Nature Vision, Inc. This assignment is irrevocable and may be transferred or assigned by Nature Vision, Inc. to a third party if so desired.

Jeff Thompson of Peace Through Water stated, "The funds held in this account have been on deposit for a period of more than eight years and no claims or allegations have ever been made by the depository bank or government agencies that these funds are from any type of criminal origin."

Michael Alexander, CEO of Nature Vision, stated, "Nature Vision and PTW goals are synergistic; NVI assists in the reacquisition of orphaned assets and PTW will help to utilize them in the Global efforts for 'Change'."

Upon the successful release of any funds from this account, Nature Vision will recognize the recovered funds in its financial statements and assign 25% of the gross proceeds to be managed by the Peace Through Water Foundation for funding humanitarian based projects Worldwide.

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Peace Through Water Foundation for funding humanitarian based projects Worldwide.

What's with saving the world, can't they just make cameras and flashers on the side? I hate to see good small companies get gobbled up by Global markets and closed by having their assets striped out! Stinks! mad

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Through phone conversations and email were very close... Look for a release soon and the future of MarCum going forward strengthened considerably. Thank you for your patience.

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Best news I've heard in awhile.Sounds great Tim I'll try to call you sometime tomarrow .Tuzz

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MarCum is now being marketed by Versa Electronics of Minnesota. They are the ones who were and are the manufacture of this product. All is well.

No worries with this product.

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Here is there press release I just found Embarassed

September 1, 2009 - FOR IMMEDIATE RELEASE:

To our MarCum Technologies and ShowDown Digital Fish Finder partners and friends:

Minneapolis, MN – Electronic Technologies, LLC, d/b/a Versa Electronics, a Minnesota limited liability company, is pleased to announce, effective immediately, the acquisition of the assets of MarCum Technologies and ShowDown brands, including inventory, tooling, intellectual property and designs formerly owned by Nature Vision, Inc.

In business for over 50 years, Versa Electronics has been involved with MarCum products for the past three years, manufacturing all the MarCum sonar products during that time. Combined with our experience in the manufacture of the MarCum brand, our continuing commitment to quality and delivery makes this a perfect fit. We will bring this commitment and attention to detail to the underwater camera side of the business, as well. In addition, and based on our experience in sonar, we recognize the value of the ShowDown product and are equally committed to continued development and growth of this brand.

In order to ensure timely deliveries of products currently under development and maintain the consistent quality that you are accustomed to receiving from the brands, we plan to introduce features both into existing and new products and release those designs and products only after they have been thoroughly tested and are deemed ready for the marketplace.

MarCum Underwater Viewing Systems VS380, VS820, and VS825C, the LXi Handheld Sonar, and ShowDown sonar products will ship on schedule. Other MarCum sonar products, including the VX-1P, LX-3tc, and LX-5, will continue to be manufactured here in the U.S. at Versa Electronics to ensure continuing quality and performance of the brand. These MarCum sonar products will deliver on or before November 13, 2009.

We anticipate a seamless transition from Nature Vision, Inc. to Versa Electronics. All pricing, UPC numbers, product descriptions, programs, terms, etc. will be assumed and honored by Versa Electronics. In addition, all consumer warranty claims and repairs, returns, credit requests, and all other functions for servicing both the consumer and our trade partners become functions of Versa Electronics, effective immediately. For any customer service related issues, we invite you to contact us at 888-778-1208 or email us at service@versae.com.

All of us here at Versa value your business and understand the urgency and importance of ensuring that you receive on-time delivery of the products reflected on your existing open purchase orders. In our efforts to satisfy your requirements and exceed your expectations, we will work to meet deadlines and deliver the high quality products you have come to know and expect of the brands. We very much look forward to supporting you and working together to grow the MarCum and ShowDown product families.

Regards,

Kevin Johnsrud

CEO

3943 Quebec Ave. N

Minneapolis, MN 55427

763-512-3988 Steve Hanson

Sales Manager Mark Slater

Slater Sales

952-442-3216

slater@visi.com

I think marcum will be just fine and you should see the product line in stores after the nov 13 ship date. From what they say here you will be well taken care of. No need to worries.

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Here is there press release I just found.

September 1, 2009 - FOR IMMEDIATE RELEASE:

To our MarCum Technologies and ShowDown Digital Fish Finder partners and friends:

Minneapolis, MN – Electronic Technologies, LLC, d/b/a Versa Electronics, a Minnesota limited liability company, is pleased to announce, effective immediately, the acquisition of the assets of MarCum Technologies and ShowDown brands, including inventory, tooling, intellectual property and designs formerly owned by Nature Vision, Inc.

In business for over 50 years, Versa Electronics has been involved with MarCum products for the past three years, manufacturing all the MarCum sonar products during that time. Combined with our experience in the manufacture of the MarCum brand, our continuing commitment to quality and delivery makes this a perfect fit. We will bring this commitment and attention to detail to the underwater camera side of the business, as well. In addition, and based on our experience in sonar, we recognize the value of the ShowDown product and are equally committed to continued development and growth of this brand.

In order to ensure timely deliveries of products currently under development and maintain the consistent quality that you are accustomed to receiving from the brands, we plan to introduce features both into existing and new products and release those designs and products only after they have been thoroughly tested and are deemed ready for the marketplace.

MarCum Underwater Viewing Systems VS380, VS820, and VS825C, the LXi Handheld Sonar, and ShowDown sonar products will ship on schedule. Other MarCum sonar products, including the VX-1P, LX-3tc, and LX-5, will continue to be manufactured here in the U.S. at Versa Electronics to ensure continuing quality and performance of the brand. These MarCum sonar products will deliver on or before November 13, 2009.

We anticipate a seamless transition from Nature Vision, Inc. to Versa Electronics. All pricing, UPC numbers, product descriptions, programs, terms, etc. will be assumed and honored by Versa Electronics. In addition, all consumer warranty claims and repairs, returns, credit requests, and all other functions for servicing both the consumer and our trade partners become functions of Versa Electronics, effective immediately. For any customer service related issues, we invite you to contact us at 888-778-1208 or email us at service@versae.com.

All of us here at Versa value your business and understand the urgency and importance of ensuring that you receive on-time delivery of the products reflected on your existing open purchase orders. In our efforts to satisfy your requirements and exceed your expectations, we will work to meet deadlines and deliver the high quality products you have come to know and expect of the brands. We very much look forward to supporting you and working together to grow the MarCum and ShowDown product families.

Regards,

Kevin Johnsrud

CEO

3943 Quebec Ave. N

Minneapolis, MN 55427

763-512-3988 Steve Hanson

Sales Manager Mark Slater

Slater Sales

952-442-3216

slater@visi.com

I think marcum will be just fine and you should see the product line in stores after the nov 13 ship date. From what they say here you will be well taken care of. No need to worries.

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