Thursday, January 19, 2012

Norscot Scale Model Availability Update

On Wednesday, January 18, 2012, we received the following statement from Norscot:

We are sorry to report that the issues affecting availability of Norscot Scale Models, which began in 2011, have continued into 2012.

In an attempt to compel shipments of these models by our contract die-cast factory in China, Norscot initiated action in Hong Kong High Court against the factory. One hearing was held, on January 13. A further hearing is scheduled for January 31.

We remain optimistic about a successful outcome and the subsequent resumption of scale model availability, though obviously we cannot at this time provide a timetable for those models now held at the factory, pending the results of our legal efforts.

At the same time, we have established a working relationship with another die-cast factory for new models going forward. We will be announcing these new models as they come into production.

We will keep you informed as additional information becomes available.