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amp’d mobile files chapter 11

on june 1st despite amassing a user base of over 200,000 and wading through $360,000,000 (yes, $360 million!) in startup money, Amp’d Mobile had to file for Chapter 11 protection. but not to despair; they issued this press release

On June 1st, 2007, Amp’d Mobile Inc. filed for protection under Chapter 11 … as a result of our rapid growth our infrastructure was unable to keep up with customer demandwe expect to continue normal business operations throughout the reorganization process. We are confident that we will emerge from this stronger than ever

in case you’re keeping score (and I know you are) this makes it Amp’d + 360 million | Amp’d Users 0 | Amp’d Investors – 360 million

:: Bankruptcy Attorney in Illinois :: M. Hedayat & Associates, P.C. ::