**Important Announcement**

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**Important Announcement**

Post  Steam Traction World on Mon 30 Jun 2008, 11:34 am

Hi All,

We are pleased to announce that we have been informed today that we've been succesful in the purchase of the IPR and assets of ModelWorks. (subject to contract and us paying!)

Although we are both now poohing ourselves (to put it politely), we are looking forward to the challenge and finishing the engines that, you guys (and girls), have part completed. We are also in discussions with a couple of individuals who have expressed an interest in aquiring the loco side of the business. One is interested in the 7.25" loco's and the other is interested in the 5" loco's. (No promises but fingers crossed).

We hope to call or write to all vehicle customers shortly explaining our intentions and what we have planned.

Our main priority at the minute is to entice 3 of the ex MW's staff to join us. If we are successful we plan, short term, to complete the manufacture of 2" Burrell boilers, finish machine the Foden crank shafts and start the machining of the Foden cylinders. This hopefully will generate enough working capital to enable us to purchase raw materials for future kits.

Everything will be explained in more detail in our next correspondence.

Finally we would like to thank everybody for the support given. We would especially like to thank 3 ModelWorks customers (who would like to remain annonymous) who without their help and financial assistance this would not have been possible.

Dean & Steve


Last edited by Steam Traction World on Mon 30 Jun 2008, 11:38 am; edited 1 time in total

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Re: **Important Announcement**

Post  Ian on Mon 30 Jun 2008, 11:35 am

Well done guys

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Re: **Important Announcement**

Post  hharrop on Mon 30 Jun 2008, 12:49 pm

Great news, Every sucess

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Re: **Important Announcement**

Post  tef 20 on Mon 30 Jun 2008, 2:50 pm

Thats great new dean and steve
I wish you all the best and hope it all works out for you.
Dean thanks for the phone call the other day. (mark from traction talk)

cheers
mark

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Re: **Important Announcement**

Post  Vapor on Tue 01 Jul 2008, 4:51 am

Hi Steve + Dean,

That is good Very news, I wish you both every sucess in this venture.

Ian

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Important announcement

Post  augustrock on Tue 01 Jul 2008, 4:55 am

Steve and Dean.Extremely well done. Every good wish for success in the future.

Now we can look forward again to completion of our projects.

All the best,

Augustrock alias Peter Chance.

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Re: **Important Announcement**

Post  BUNGLE on Tue 01 Jul 2008, 5:33 am

THATS VERY GOOD NEWS GUYS
ALL THE BEST

WILL TALK SOON

BRUCE

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Important Announcement

Post  Steel Steam on Tue 01 Jul 2008, 6:30 am

Well done and congratulations Dean and Steve. I know what you have been through to get to this point and am amazed at what you have managed to achieve in such a relatively short time.

GGOD LUCK with the next phase!

David Steel.

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Important announcment

Post  cheshire flyer on Wed 02 Jul 2008, 2:23 am

Smile Hi Dean and steve Great news well done its fantastic what you have managed to achieve in the short time (theres a roll of a andrex on the way as your first kit) all the best keith

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Management buy out

Post  Tim Watson on Wed 02 Jul 2008, 3:40 am

Well done both! Good luck!
Tim

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Important announcement

Post  Agricola on Wed 02 Jul 2008, 5:32 am

I concur with others in congratulating you both and look forward to progressing the model again

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Rising from the ashes

Post  Steve Traill on Wed 02 Jul 2008, 3:18 pm

Well done, I wish you both every success. We'll be at Dorset this year so will probably see you there if not before.

Steve

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Steaming in to the future

Post  Wurzel on Fri 04 Jul 2008, 2:51 am

Like everyone else I would like to thank Steve and Dean on their valliant efforts to save the business.

I wish you all the best and look forward to seeing you at Guildford.

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Re: **Important Announcement**

Post  mark_1984 on Mon 07 Jul 2008, 8:36 pm

Great news indeed - good luck with the continuing adventure.

By the way, what is happening about the clock side of the business. That is my peronal interest, having a half completed Congreve Clock.

Cheers
Mark

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Re: **Important Announcement**

Post  Steam Traction World on Tue 08 Jul 2008, 12:28 pm

Hi Mark,

As with the 7.25" locomotive business, we have now also found a purchaser for the clock business. Only the 5" gauge locomotives to finalise now and then all being well all the MW's customers with part finished engines etc will be able to complete their projects.

Regards

Dean

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5" Locomotives

Post  Wurzel on Thu 10 Jul 2008, 3:31 am

Steam Traction World wrote:Hi Mark,

As with the 7.25" locomotive business, we have now also found a purchaser for the clock business. Only the 5" gauge locomotives to finalise now and then all being well all the MW's customers with part finished engines etc will be able to complete their projects.

Regards

Dean

Hi Dean, do you have any news for us 'guys and gals' that are building 5" loco's? I'm currently 1/2 way through completing my GWR 14xx and dreaming of the day when it steams off round my garden!

Regards


Allan

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Re: **Important Announcement**

Post  Steam Traction World on Thu 10 Jul 2008, 11:24 am

Hi Allan,

We are in discussions with a couple of individuals who have expressed an interest in aquiring the 5" gauge loco designs and stock. These are in the early days though and we can't make no promises at the minute. It is not our intention to complete the loco's as we just do not have the manpower or financial resource.

We are currently going through the stock that we've have purchased, (in particular the 14xx and 57xx) and hope to be in touch with these customers soon with an update of what we could supply to make completion that little bit closer. For example there are half a dozen boilers for those who need one plus another half a dozen boilers that only require assembling (they have been punched, formed, tubes are cut etc), these could be offered to the guys/girls who have the ability to put them together. Again there are other kits where 80% is available and again these could be made available. Once we know what stock we have then as long as you were a MW's customer and on their database then we will be in touch.

Best Regards

Dean

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Re: **Important Announcement**

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