DotFlop2.0 Alert: Video Site Bolt.com Shuts Down

[mandy]

Please be advised that the operations of Bolt, Inc. and Bolt.com have ceased. Net Revolution, Inc. and Bolt, Inc. have executed an Assignment for the Benefit of Creditors effective as of August 14, 2007. Please direct any creditor related questions or comments to the Assignee's office to the attention of:

Development Specialists, Inc...

The Notice of Assignment will be mailed to all known creditors in the near future. If you are interested in acquiring this site or other assets of Bolt or Net Revolution please contact, ...

www.bolt.com

Bolt was in the news in March when it settled a lawsuit with Universal Music:

Universal Music on Thursday reached a settlement with Bolt.com...

Under the terms of the deal, Universal agreed to drop a lawsuit against Bolt that it filed in October.

In return, the music company will take a multimillion-dollar share of the proceeds of Bolt’s recent sale to another site, GoFish, as damages for past copyright infringement, according to people familiar with the settlement...

full article: http://www.ft.com/cms/s/8575f190-cdcd-11...10621.html