ReviewJournal.com - Business - UFC sponsor files for bankruptcy

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Xyience Files for Bankruptcy
Published 1/22/2008 by John Chandler at MMA on Tap
... Xyience, one of the Ultimate Fighting Championship’s main sponsors over the last few years, has filed for bankruptcy protection amid claims of intimidation and death threats. The news comes from a report by the Las Vegas Review-Journal. Company founder Russell Pike filed an involuntary petition earlier this month. The bankruptcy was filed under Chapter 11, which gives the company some time to reorganize before they move forward with their claim. The bankruptcy became necessary when the company was unable to raise ...

Report: Xyience files for Chapter 11 protection
Published 1/22/2008 by Zach Arnold at FightOpinion.com
... UFC’s largest corporate sponsor in 2007, Xyience, has filed for bankruptcy (according to The Las Vegas Review-Journal ). Xyience Inc., the energy drink company headquartered at 4572 Hacienda Ave., reported $42.3 million in liabilities and $5.3 million in assets. Xyience sells its energy drink through 230 convenience and grocery stores, mostly in the Southwest. The voluntary bankruptcy petition, filed on Friday, follows an involuntary petition that was filed Jan. 3 by founder and former CEO Russell Pike and others. The involuntary petition remains pending. Frank and Lorenzo ...

Xyience Files For Protection from Bankruptcy… and Death Threats
Published 1/22/2008 by Mike MacLeod at Five Ounces of Pain
... The Las Vegas Review Journal reports that Xyience, a major sponsor of the UFC, has filed for bankruptcy protection amid claims of intimidation and death threats. ...

UFC Sponsor Xyience Declares Bankruptcy
Published 1/22/2008 by Adrian Tapia at Cage Today - MMA News, Results, UFC blog, Ultimate Fighter, Rumors, Video and Opinion
... It looks like Xyience finally declared bankruptcy, not a surprise after many fighters were claiming that they were not getting paid. Now this does not mean Xyience is done, they will receive protection from creditors while they can sell off assets, re-organize and obtain more funding. The Las Vegas manufacturer and distributor of energy drink Xenergy, which sponsors the Ultimate Fighting Championship, has filed for bankruptcy protection amid claims of intimidation and death threats. Xyience Inc., the energy drink company headquartered at ...

UFC Sponsor Xyience Files For Banruptcy
Published 1/23/2008 by Kris at MMAFrenzy.com
... One of the UFC’s primary sponsors in recent years, energy drink and supplement maker Xyience, has voluntarily filed for Chapter 11 bankruptcy protection according to the Las Vegas Review Journal: ...

Update on Xyience bankruptcy situation
Published 2/6/2008 by Zach Arnold at FightOpinion.com
... on Xyience’s bankruptcy proceedings. Bergeron includes a YouTube video that supposedly (according to his side of the story) explains what has happened with Xyience and what the UFC connection is. Besides what Rich Bergeron is writing about Xyience, an intriguing mass e-mail was sent out on Tuesday night addressed to ‘Xyience shareholders.’ The author of the e-mail is Terry Cardenas, who was named in this January 22nd Las Vegas Review-Journal article : Sattar said the company would have filed for liquidation under Chapter 7 had not it not enjoyed the continued support of the ...