NEWS : HEIGHWAY PINBALL RESTRUCTURING?
Rumors have been circulating recently about two of the boutique pinball companies either going out of business or getting financial help from outside investors. We all know who the two companies in question probably are but it seems Heighway Pinball is the first one to be revealed. Heighway Pinball has been experiencing some issues in the last couple weeks it seems. People have been complaining about lack of communication and service from Heighway Pinball in recent days. It’s newest pinball release Alien Pinball which was supposed to be shipping recently has had many setbacks. Hopefully the restructuring and money being invested into the company will help Heighway Pinball in the future with growth and not going bankrupt. Making pinball machines is not easy it seems.
Posted on Pinside from Heighway Pinball :
Hello to all pinball enthusiasts out there, we are active investors in Heighway Pinball Ltd.
There has been a lot of talk, and also silence, over the last few weeks. For this we are sorry but we have not been legally able to reach out to you before now.
We are now happy to announce that we have reached an agreement on how to take over the business and move it forward.
We are all pinball enthusiasts and professional business owners. We are fully committed to making your games and we have the plan and finance in place to make this happen.
We have drawn up a detailed strategy to invest money into the company, both to ensure that machines are built to the highest quality and also to ensure that healthy numbers are shipped as quickly as possible.
The company will have new management, new leadership and new funding to make sure that everyone, who has money at stake, will get their ordered pinball machines.
The budget and business plan for how to make this a success has been carefully drawn up and is about to be put in place.
The transaction is now in progress and legal papers are being drawn up as you read this. We hope you all will bear with us for the next couple of weeks as we get everything in place.
We have had positive talks with our major distributors around the world and we thank them all for their patience and for believing in us.
Together with our suppliers, distributors and you pinball enthusiasts, we can make this happen. Alien is a great game and there are more to follow.
We will keep you updated and communication channels will be opened as soon as we are settled in.
Thank you for your understanding and patience in advance. We understand your frustrations and concerns. All of us investors are in the same boat as you, waiting for their games to be shipped and, after much time spent at the factory, we have taken matters into our own hands to ensure that Heighway Pinball can survive and prosper.
Investor Group – Heighway Pinball Ltd