I heard from a local shop owner that bowtech almost went under this year because they have never paid rolalitys for using the solo cam design and they HAD to make a deal with Escalade sports which it says they did on the website that they made a deal with them. How mcuh if any of this is true about Escalade sports almost sueing bowtech into bankruptcy? Not tring to start anything but I do have a bow on order from them and I like there product but I also would like to know if there a financal problems with the company. I have shot there product for the past 3 years and would hate to think they are in financal trouble.
Every year around this time, the "Bankrupt BowTech" rumors start up.
I can tell you right now that BowTech is far from going under and is here to stay! Heck, from what I heard, the ATA show was just insane for BowTech! They (BowTech) have risen to the top of the game faster than any other company and they are going to keep growing bigger and bigger every year!
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"No diggity, no doubt"
Considering they just purchased Diamond Archery I don't they are short on money.
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"The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency........... Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president."
yup, this is the 3rd year in a row i've heard it. the first time was from a dealer who didn't have them. the next year he got them and his tune changed a lot.
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aka bucknasty
The average man seeks certainty in the eyes of the onlooker and calls that self-confidence. The warrior seeks impeccability in his own eyes and calls that humbleness.
I'll second the Diamond archery statement. Not too many companies would buy another company if they didn't have money to play with. Bowtech is growing and growing fast. In fact, I just heard a while ago that in a lot of areas, Bowtech is outselling Hoyt and Mathews by leaps and bounds. Also, from my understanding, as of the ATA show, they are getting more orders than they can make in a months time.
I heard from a local shop owner that bowtech almost went under this year because they have never paid rolalitys for using the solo cam design and they HAD to make a deal with Escalade sports which it says they did on the website that they made a deal with them.
It was my understanding that Bowtech's single cam design did not fall under the same patent because of specifics of the design. However, since Escalade (instead of Mathews) now owns the solo cam patent I would guess that they wanted to "make right", for lack of a better phrase, the situation that existed "around" the original patent.
In other words, Bowtech was never going into bankruptcy.
I heard from a friends' grandmothers' granddaughters second cousins' buddy in prison that HOYT is selling out to CHAMPION as soon as they can get the money from MATHEWS to get back on their feet--should be any day now[:'(][8D]
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Start planning now to be spontaneous later!
It is a popaganda tactic to try to get you to buy another possibly higher priced bow.
they do this to have you thinking in the back of your mind... what if they do go out of business my warranty wont be worth crap and I cant get my bow fixed.
I hear the same rumor about HCA about this time every year for the past 5 years, guess what, they are still in business.
neither bow manufacturer is going any place.
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"Minister of Information for the Royal Kingdom of $Tree"...
The common mistake people make when attempting to design something completely Idiot proof is to underestimate the ingenuity of complete Idiots.
Was Bowtech about to go under this year?????
[8D]
