BXLH BAXL Holdings, Inc. featured news, full reports, and detailed charts
BAXL Holdings, Inc. (BXLH/BXLH.PK) Wrap Up:
BAXL Holdings, Inc. offers products and technologies that enable the delivery of broadband applications worldwide. It manufactures, installs, and maintains integrated in building network solutions. The company?s proprietary Merlot Solution technology enable the delivery of wired and wireless broadband applications, including Internet access, video on demand, voice over Internet protocol, and video surveillance over existing telephone wiring without the use of modems or power outlets. BAXL markets and distributes its products directly through its sales force, as well as through resellers and distributors in the hospitality market. The company was formerly known as Merlot Communications, Inc. The company was founded in 1997 and is headquartered in Bethel, Connecticut. On July 31, 2008, BAXL Technologies Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Connecticut, Bridgeport.BAXL Holdings, Inc. (BXLH:OTC)
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Key developments for BAXL Holdings, Inc. (BXLH)
Effective August 20, 2008, BAXL Holdings Inc. changed its OTCBB stock ticker symbol to BXLH.E from BXLH.
BAXL Holdings Inc. announced that David Van Rossum, the company’s Chief Financial Officer and principal financial officer resigned effective May 31, 2008. In addition, Mary Brandon, the company’s Chief Operating Officer has submitted her resignation, effective June 6, 2008. Effective June 2, 2008, the company’s board of directors appointed Gus Bottazzi, the company’s Chief Executive Officer and principal executive officer, as its CFO and principal financial officer. Gus Bottazzi was appointed company’s Chief Executive Officer, President and Chairman of company’s Board of Directors on August 29, 2007. Prior thereto, since 2005 Mr. Bottazzi has served as the President and CEO of BAXL Technologies Inc.
BAXL Holdings Inc. filed its 10-K on March 31, 2008 for the period ending December 31, 2007. In this report its auditor, WithumSmith+Brown, PC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
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