Aqua Vu???

[zamboni]

I was at a popular retail store the other day and one of the guys working there said that Aqua Vu was DONE making cameras and they went out of business. Is there any truth to that?

[zamboni]

Their sites still running.

[acesinthehole]

This from another on line forum site.

Looks like the financial troubles of Nature vision finally caught up to them. They are no longer Nature Vision and have taken their name of NASDAQ turning over all their shares to Swordfish Financial Inc. out of Texas. What does this mean for the Ice Fishing Market?

Nature Vision Inc., a Brainerd-based maker of underwater cameras and other outdoor gear, plans to voluntarily delist its stock from the Nasdaq Capital Market. It plans to suspend trading of common stock beginning Monday.

Nature Vision said in May that it received notice from Nasdaq that it didn’t meet the markets requirement for minimum stockholder equity of $2.5 million.

In addition, Nature Vision’s stock (Nasdaq: NRVN.PK) was trading below the $1 minimum bid price for 30 days, which prompted notice of delisting from the exchange.

Nature Vision’s stock was last trading at about 10 cents per share.

Nature Vision said it expects its stock will be listed on the NASD Over-the-Counter Bulletin Board going forward.

In 2008, Nature Vision had net sales of $12 million, up 26 percent from $9.6 million in 2007. The firm lost about $2.5 million in 2008, compared a loss of $2.6 million in fiscal 2007.

Nature Vision Inc., Brainerd, Minn., signed a share purchase agreement with Swordfish Financial Inc. (SFI) of Texas whereby Nature Vision will issue SFI 10,987,417 shares of restricted common stock in return for a $3.5 million promissory note from SFI. The current operations of Nature Vision will be scaled back immediately and the name of the company will be changed to Swordfish Financial Inc., with the following as its initial directors and officers: Directors: Michael Alexander, chairman; Randy Moseley, director. Officers: Michael Alexander, president and CEO; Moseley, chief financial officer.

[PerchJerker]

Aqua Vu was owned by Nature Vision and Nature Vision is gone now. Some of the product lines they owned have been bought by other companies (ie. Versa Electronics buying Marcum).

I heard they were working on moving the Aqua Vu line to a different company, but then heard the deal fell through. So as far as I know there won't be Aqua Vus anymore, at least not for this ice season. It's a good product though so I would think it still might have a future with someone ......