United States Bankruptcy Code

Arecont Vision to Shed Debt Burden Through Chapter 11 Sale

Arecont Vision® announced that it will execute an asset purchase agreement with an affiliate of Turnspire Capital Partners, LLC under which Turnspire will acquire substantially all of the Company’s assets. To eliminate the company’s debt, the Company has initiated proceedings under chapter 11 of the United States Bankruptcy Code in the District of Delaware, from which it expects to emerge with a clean balance sheet and fresh capital.