|
|
|
The following page was printed from RemoteCentral.com:
Topic: | Media Systems This thread has 28 replies. Displaying posts 16 through 29. |
|
Post 16 made on Friday July 9, 2004 at 14:08 |
I am not only a former Custom AV business owner, but following that, I was part of the engineering staff at Media Systems. Mitch was one of the greatest guys to work for there ever was.(I think even myself included) I left just prior to things getting really tight over there. I think I left as I saw things were beginning to go wrong, and the key reasons (key personnel) I joined the company to work with, were gone. There was a great deal of in house talent that was passed over for the wrong guys in key positions. I think that ultimately killed them. When you are entrusting personnel to taking the reigns of the company, it's generally a good idea not to entrust someone who's past track record is destroying another one or two or three. However, I see it happens all the time. No one seems to trust the guys that got them there.
|
|
Post 17 made on Saturday July 10, 2004 at 07:28 |
McNasty Founding Member |
Joined: Posts: | January 2002 1,322 |
|
|
On 07/07/04 17:46, avdude said...
McNasty knew something about it a while back, said some of their installers had been calling around looking for work! Not only were their installers calling for work, but local contractors and M.S. clients were calling around looking for someone to finish the work that was started. I feel for them though...their clients too.
|
|
Post 18 made on Tuesday July 13, 2004 at 02:18 |
HDTVJunkie Long Time Member |
Joined: Posts: | March 2004 467 |
|
|
Reading this thread was like attending a funeral for someone I didn't know, but wish I had known. Hope this is an isolated case and not a trend.
|
|
Post 19 made on Tuesday July 13, 2004 at 02:37 |
HDTVJunkie Long Time Member |
Joined: Posts: | March 2004 467 |
|
|
Hiccup...
Bump
This message was edited by HDTVJunkie on 07/13/04 03:22.
|
|
Post 20 made on Wednesday July 14, 2004 at 03:10 |
2nd rick Super Member |
Joined: Posts: | August 2002 4,521 |
|
|
Seeing these big companies go down is a little disheartening. Hopefully it will make all of us take a close look at our books and our growth plans. I have seen a lot of mid level guys come and go because of cashflow problems, I can only assume that this was the case in Boston. I only know Mitchell from the shows, but I know his company was first class and he personally put a lot of effort into advancing our industry. I remember reading about Mr. Klein fighting and winning against bullsh*t legislation for licensing MA installers, which more than likely would have spread like wildfire to every state. I know he has been active in CEDIA since the inception of the organization. I hope he and his employees land on their feet and
I remember seeing his showroom on This Old House when Steve Hayes was showing a client around. I always thought that was cool that he kept a high profile showroom in a design center and let other integrators use it to sell jobs.
There is another thread on this site where some trunkslammer is gloating that Media Systems went down... that's pretty low class and I lit him up a little bit.
|
Rick Murphy Troy, MI |
|
Post 21 made on Monday August 9, 2004 at 18:23 |
Jeff Hoover Long Time Member |
Joined: Posts: | August 2004 14 |
|
|
Guys just for the record 2 major companies did go out of business in Florida in the last year, however, I am not one of them. Last time I checked (about 10 minutes ago) Audio Advisors was not only still in business but we are doing really well. We are on track for our second year in a row over$10,000,000 in sales from our single location. We do not participate in the CE PRO top 100 dealers list because they do not require tax returns for verification and too many people lie about their numbers so we just choose to not particpate. Mitchell's demise is truly a sad thing and without question a very negitive one for our industry. I wish him only the best. Jeff
|
|
Post 22 made on Monday August 9, 2004 at 19:21 |
Theaterworks Founding Member |
Joined: Posts: | April 2002 1,898 |
|
|
Jeff,
It was my incorrect post earlier in this thread that used your name. I do apolgize for getting it wrong, tying your name with the closing of another dealer in your market. Very, very sorry.
Owen Wheeler Theaterworks
|
Carpe diem! |
|
Post 23 made on Monday August 9, 2004 at 20:35 |
QQQ Super Member |
Joined: Posts: | January 2002 4,806 |
|
|
Jeff,
Edited.
I'm also glad to see you refused to participate in the CEPro competition. I wrote to the editor years ago telling him that the competition was and would continue to be meaningless until they required copies of AUDITED financials (I believe they do now require financials but not audited).
This message was edited by QQQ on 08/10/04 16:47.
|
|
Post 24 made on Monday August 9, 2004 at 20:41 |
PMP Lurking Member |
Joined: Posts: | August 2004 7 |
|
|
I've heard that someone bought the rights to the Media Systems name and will be opening a shop in south Florida.......
This message was edited by PMP on 08/09/04 20:47.
|
"If you take life too seriosuly, you'll never get out alive........." |
|
Post 25 made on Monday August 9, 2004 at 20:46 |
GotGame Super Member |
Joined: Posts: | February 2002 4,022 |
|
|
Is Eric with Monster now?
|
I may be schizophrenic, but at least I have each other. |
|
Post 26 made on Tuesday August 10, 2004 at 07:33 |
Jeff Hoover Long Time Member |
Joined: Posts: | August 2004 14 |
|
|
Owen, it's certainly no big deal about the confusion with AA. I was just happy to see that nobody said I'm glad to see that asshole Hoover went under.
No I have never gone out of business although I have been very close twice (but not in the last 12 years) and we are 22 years young next month.
No CE PRO accepts any entry as long as you promise it is true. They do add an asterisk next to your name if your financials are "verified". The problem is they consider verification as a printed profit and loss statement, a letter from your CPA or a tax return. The first two mean nothing. Audited financials are quite expensive and probably not practical for most people in our industry. Tax returns, however, are a requirement for every business in the USA so I do not understand why they are not used.
Yes a local competitor of mine bought the rights to Media Systems and is attempting to keep Mitchell's West Palm operation running under that name. It is already open.
Eric is working for Monster and still doing his consulting business as well.
|
|
Post 27 made on Tuesday August 10, 2004 at 16:48 |
QQQ Super Member |
Joined: Posts: | January 2002 4,806 |
|
|
Thanks Jeff. Edited my post.
|
|
Post 28 made on Monday August 23, 2004 at 18:10 |
avdude Founding Member |
Joined: Posts: | February 2002 814 |
|
|
Jeff,
VERY happy to hear all of this...proving there IS still hope for the expensive, exceptional, elite, companies in the custom automation/integration industry...
I wish you nothing but the best!
Tell Keith I said hi, and congrats on PMP, and give me a call some time!
avdude
|
AVDUDE "It might work better if it were plugged in and programmed first...just a thought!" |
|
Post 29 made on Tuesday August 24, 2004 at 14:28 |
Jeff Hoover Long Time Member |
Joined: Posts: | August 2004 14 |
|
|
Dear avdude, Thank you and I very much want to tell Keith that you said hi. Unfortunately I don't know your real name and/or I'm too stupid to find it on the site. If you tell me I will pass it on to Keith immediately. Jeff
P.S. I think we are doing so well because we are very diversified and are not dependent only on monstrously large projects. Jeff
|
|
|
Before you can reply to a message... |
You must first register for a Remote Central user account - it's fast and free! Or, if you already have an account, please login now. |
Please read the following: Unsolicited commercial advertisements are absolutely not permitted on this forum. Other private buy & sell messages should be posted to our Marketplace. For information on how to advertise your service or product click here. Remote Central reserves the right to remove or modify any post that is deemed inappropriate.
|
|