August 23

NEWS : DUTCH PINBALL AUGUST UPDATE : RESTARTING BUSINESS AND EXTENDED UNIVERSAL PICTURES LICENSE

In the last update I informed you on the settlement I’ve reached with our former manufacturer. And two weeks ago we managed to complete the settlement! This means that the lawsuit is off table and all games and parts that are in their warehouse are now ours and also fully paid for. With this first round of financing we are now ready to getting things set up again to build games. I am very happy with the trust of Cointaker and some of my very close friends and family who made this possible.

Due to the holiday of three weeks at ARA we had limited access to their warehouse, but fortunately we managed to get the games out and some parts we needed to finish them. Last week the first games were shipped. The rest of the games are now ready as well and will be shipped this week. I know it’s a bittersweet moment, but it’s also the start of a new beginning. We can now truly focus on the future.

On Monday next week the holiday will be over and then we can start with the transport of all the parts. We are already checking the list of parts and taking stock of how many parts we have to build games. Some parts are there for 200+ games, but some parts were bought ‘lean’ and this means that we also have to order new parts as we progress.

In the next weeks we will be busy preparing everything for production: arranging our production facility, counting parts, putting all the parts in our inventory system, checking the assembly instructions, sorting out the tools needed, etc… we will start small and will expand over time to build more games. We have a couple of locations in mind where we want to (re)start our business. We still have to decide which location is best and we hope to get this figured out this, or next week.

Another thing I want to inform you about is something I get a lot of questions about: the license from Universal Pictures. I’m happy to report that we have extended the license! For now it is extended until December 31st 2020.

I will keep you informed how things are progressing the coming weeks. If you have any questions. Please let me know. You can always email, or call me.

Kind regards,

Barry

P.S. Here are some photos of the parts in storage. It going to take a while to sort this out : )

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