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Matthews Studio Group

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CALIFORNIA | LOCAL
May 23, 2000
Matthews Studio Group of Burbank, which continues to be the subject of a Chapter 11 bankruptcy proceeding, reported a net loss of $4.9 million for the second quarter ended March 31 compared with $2.2 million for the same period last year. Revenues were $10.4 million, a 29% decrease. Matthews Studio Group supplies lighting, grip, transportation, professional camera, video and audio equipment to the entertainment industry.
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CALIFORNIA | LOCAL
January 30, 2001
Matthews Studio Equipment Group of Burbank, which filed for bankruptcy in April, has completed the sale of its Hollywood Rentals, Four Star West and other operations to Hollywood Rentals Production Services LLC for $14.5 million.
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CALIFORNIA | LOCAL
March 28, 2000
Matthews Studio Group in Burbank said it has been advised by Nasdaq that the company's stock will be delisted from the Nasdaq SmallCap Market on Thursday. Matthews intends to appeal the decision. Matthews also said it has engaged Imperial Capital LLC of Beverly Hills as a financial advisor to explore strategic alternatives for the company and its Internet division, ShowbizMart.com.
CALIFORNIA | LOCAL
May 23, 2000
Matthews Studio Group of Burbank, which continues to be the subject of a Chapter 11 bankruptcy proceeding, reported a net loss of $4.9 million for the second quarter ended March 31 compared with $2.2 million for the same period last year. Revenues were $10.4 million, a 29% decrease. Matthews Studio Group supplies lighting, grip, transportation, professional camera, video and audio equipment to the entertainment industry.
CALIFORNIA | LOCAL
June 22, 1999
Matthews Studio Equipment Group, Burbank, announced that it has signed a letter of intent to acquire online retailer eMarket Group of Portland, Ore., in a stock-for-stock transaction, valued at approximately $10 million in stock and assumption of debt. The merger will be implemented through Matthews' existing Internet subsidiary, ShowbizMart.com. The eMarket Group is the parent company of eMerchandise.com, a leading entertainment merchandise and memorabilia retailer.
CALIFORNIA | LOCAL
January 25, 2000
Matthews Studio Group of Burbank said it has sold the Video Equipment Rental Division, Duke City Video, to British company Vitec Group for $12 million. The agreement is subject to the transfer of the assets and the satisfaction of the seller obligations. Matthews provides professional equipment to the entertainment industry. Vitec Group provides broadcast services.
BUSINESS
August 1, 1995
Burbank-based Matthews Studio Equipment Group said it has finalized a $17-million revolving credit line with Chemical Bank. The deal will provide working capital for future operations and expansion, including acquisitions, a company official said. The Chemical Bank credit line is secured by substantially all the assets of the company, which designs, rents and sells camera and lighting support equipment for film, television and commercials.
BUSINESS
September 25, 1990
Matthews Studio Equipment Group, a Burbank company that makes and rents equipment for film and television production, said it agreed to purchase vehicles from Richman Equipment Corp. for about $1.2 million. Matthews said it would probably acquire the vehicles, which include eight combination tractor-trailers equipped with generators, late in November.
CALIFORNIA | LOCAL
March 28, 2000
Matthews Studio Group in Burbank said it has been advised by Nasdaq that the company's stock will be delisted from the Nasdaq SmallCap Market on Thursday. Matthews intends to appeal the decision. Matthews also said it has engaged Imperial Capital LLC of Beverly Hills as a financial advisor to explore strategic alternatives for the company and its Internet division, ShowbizMart.com.
CALIFORNIA | LOCAL
June 22, 1999
Matthews Studio Equipment Group, Burbank, announced that it has signed a letter of intent to acquire online retailer eMarket Group of Portland, Ore., in a stock-for-stock transaction, valued at approximately $10 million in stock and assumption of debt. The merger will be implemented through Matthews' existing Internet subsidiary, ShowbizMart.com. The eMarket Group is the parent company of eMerchandise.com, a leading entertainment merchandise and memorabilia retailer.
BUSINESS
August 1, 1995
Burbank-based Matthews Studio Equipment Group said it has finalized a $17-million revolving credit line with Chemical Bank. The deal will provide working capital for future operations and expansion, including acquisitions, a company official said. The Chemical Bank credit line is secured by substantially all the assets of the company, which designs, rents and sells camera and lighting support equipment for film, television and commercials.
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