As we mentioned, rAVe will continue to follow the story of MCSi's many changes happening today. We have since heard from Sean Matthews, President of MCSi's Western Region, who wanted to give readers of rAVe the details about the events. "Sun Capital and the company's bank group, which currently controls MCSi's assets, have not been able to reach agreement for Sun to acquire MCSi and have ceased further discussions. The bank group advised MCSi that they will no longer fund MCSi's plan of reorganization. "Because of those two events, the company must begin an immediate wind-down of its operations. "We will continue to work on a very limited number of jobs and we will look to transition other jobs to other audiovisual companies in the industry. "We will file a motion with the bankruptcy court on Monday detailing our wind-down operations, which will also include information of the sale of very specific offices to interested parties. "In the West, I closed all of the offices today out of respect to the individuals –whether they are being terminated today and/or are part of the wind-down operation — so that everyone could go home and spend time with their families and have time to think about their futures. "The offices will be open on Monday to begin the wind-down operations, which we expect to take between one and three months."
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