May 15th, 2009 by Arjan Olsder Posted in Companies & M&A | 1 Comment »

A couple of weeks back we put online our discussion with Twistbox about the rumors of payment problems. Following some communication with them, we noticed that they sent out a payment plan toward their suppliers.

The company announced that it’s being hit by the recession (like most) and that their cash flow is affected by it. It acknowledges that it is behind on payments and work away its debts in the coming months. For now, it paid the first installments toward suppliers and said that new invoices will be settled as normal.

We smelled a problem last time we reported about the company, but this news gives the company a positive vibe again as the publishers that complaint to us, are now cheering about this proactive move. For the sake of the industry, we hope it will be the last time we have negative news about Twistbox./Waat

Tags: Atlas Studio . Cheer . Developers . Mandalay . Optimistic . Payments . Twistbox . Waat
Permalink: https://olsder.com/twistbox-resumes-payments-developers-optimistic/
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