[11.11.2010] "Partsearch Technologies" Bust
Last week “Partsearch Technologies Inc.”, the company with on-line catalog of more than eight million of electronic parts and appliances, has announced on cogent problems occurred on its partnership with Best Buy, the company major retail client till present time.
As a result of the above fact, the company website is off-line and more than 200 members of staff are permanently laid off.
According to “Partsearch” former employees comments, at least 60 percent of the company proceeds were brought by the retail electronics giant.
In his telephone interview the president of failed company said “the company has gone out of business and its employees have been advised on not coming in to work starting immediately”.