Bankruptcy Court Approves Home Director, Inc.’s Plan of Reorganization
Home Director, Inc., an innovator of home entertainment technology, announced today that Judge Edward D. Jellen of the United States Bankruptcy Court for the Northern District of California approved the company’s Second Amended Joint Plan of Reorganization, by order entered on October 12, 2006. As a result of this approval, Home Director emerged from bankruptcy effective October 23, 2006. The company has filed a Current Report on Form 8-K, which provides details regarding Home Director’s reorganization. The filing can be found at www.sec.gov.
About Home Director, Inc.
For more than ten years, Home Director has delivered infrastructure and control products for the Connected Home in the United States and Canada. The company's complete line of wired and wireless products provides affordable solutions to entertainment, communications and comfort in the home and offers unique opportunities for networking within production home communities.
With initial support from IBM and subsequent investments from Cisco Systems and Motorola, Home Director pioneered the concept of structured wiring and control for the Connected Home. The Home Director brand is well known to leading developers and builders in North America as a leader in that market. Home Director continues to be focused on the Connected Home market, able to respond quickly to changes and opportunities. The company currently offers both basic infrastructure and a control system that allows customers to access, control, and support a wide array of entertainment, computing, lighting, heating, and security devices within a home.
Safe Harbor
This press release may contain forward-looking statements, including statements regarding the company’s emergence from bankruptcy, the company’s business and its opportunities. Such statements are based upon beliefs of, and information currently available, to the company's management. The forward-looking statements reflect the current view of the company with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the company's industry, operations and results of operations and any businesses that may be acquired by the company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. The company undertakes no obligation to update or revise any forward-looking statement contained in this press release for events or circumstances after the date on which such statement is made, except as required by law.
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