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Sunday, October 14, 2007

Loose Id Bids on Triskelion's Contractual Assets

I received this from a Yahoo group:

Dateline: 11 October 2007, Las Vegas, Nevada

Earlier this week, a representative of Loose Id, LLC entered a bid in the
bankruptcy proceedings of Triskelion Publishing for the contractual assets
of the company. If successful in their bid, Loose Id, LLC will release the
majority of contracts at no cost to the authors who entered into them.

In a few cases, new contracts will be extended to the author from Loose Id
lieu of the Triskelion contracts. If an author chooses to reject the offer
made them, their contract will be released by Loose Id, at no cost to the

Loose Id's intentions in bidding on the contracts are fourfold: (1) to
facilitate the unencumbered acquisition of works offered to the company by
former Triskelion authors; (2) to assist authors in securing release or
reversion of rights to their work; (3) to potentially acquire and
re-publish top flight manuscripts that match Loose Id's publishing
guidelines; and (4) to reassure authors pursuing e-publishing careers of the
sound business practices and corporate ethics of reputable e-publishers.

At this time, it is unknown whether Loose Id will succeed in its bid to
acquire the Triskelion contracts. If the company is awarded the contracts,
Editor in Chief Treva Harte indicates that all contracts to be released will
be processed within 30 days of closing the deal and any offers of
publication to be made shall be made within 60 days of close. No contract
acquired by Loose Id will be held by the company against the will of the

Contact information:

posted by Tawny Taylor at 9:49 AM |


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