Yes unfortunately it's true. They made the official announcement on May 28th .It is posted at knightmlhunt.comI had heard the rumor and called them a week or so ago.There was no official word then ,so I ordered this gun anyway just in case. I have been wanting one every since they came out. I think it is the best gun Knight makes. And even if they reorganize and come back or someone else takes the assets I decided to go ahead and get it anyway since they discontinued this model this year. it was to be replaced with the ultimate slam. I figured if I waited to long it would be hard or impossible to find a new one.