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ksridsdale(at)mipowerpara
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 Posted: Thu Jun 07, 2007 4:53 pm Post subject: King Fox Tires - Company Statement on going out of business |
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To our Kitfox customers,
MiPPi Ultralights would like to confirm the rumors
that we will be closing our doors probably by the end
of the month, when the remainder of our stock has been
sold. We have approx 90 of the 20x12x8 tires remaining
for sale, we are selling off some additional stock.
The bottom line is, we have lost too many OEM
customers in the past year to keep the doors open and
the cost of raw material and fuel cost we cannot
afford to stay open. The new LSA rule has not been
very helpful to the manufacturers or suppliers of
PPC's, Trikes, and some Fixed wing aircraft. The end
result instead of helping the industry, it pretty much
killed it!
We received a small shipment of 6" tires (these were
already spoken for, however the selling cost have
jumped to $85.00 per tire. The manufacturing price
for the 8" has also more than doubled. Other factors
are shipping increases from Fed Ex and USPS the bottom
line sales are down 80%.
We wish to thank everyone in the Kitfox community for
their support, we do not make this decision lightly.
Sincerely,
Kevin Ridsdale - President
MiPPi Ultralights
734-377-2670
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john(at)leptron.com
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| Posted: Thu Jun 07, 2007 5:27 pm Post subject: King Fox Tires - Company Statement on going out of business |
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Kevin,
As a small business owner my self, I am sad to see another person loose his
business. It is no small task to keep anything going these years. I wish you
the best for your future.
John Oakley
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