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August 16, 2007

Bye Bye Bolt.com - Bolt.com Makes History, First Video Sharing Site Sued Out of Existence

posted by MR WAVETHEORY at 8/16/2007 11:55:00 PM
August 14th will be a day to be remembered in video sharing history. To the best of my knowledge, Bolt.com is the first video sharing cum social networking service to get sued out of existence.

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.
345 California Street
Suite 1150
San Francisco, California 94104-2664

Att: George E. Shoup, III

Email: boltassignee@dsi.biz

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, boltassignee@dsi.biz.

Bolt was sued by Universal and couldn't pay up. It was supposed to be bought by GoFish but the deal fell through because GoFish itself had problems of its own - with an incredibly shrinking stock price.

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