I regret to say that, after 20+ years and after having published hundreds of
adventure game products, Iron Crown Enterprises is closing its doors. We have
filed a voluntary petition in the United States Bankruptcy Court pursuant to
Chapter 7 of Title 7 of the United States Code, which governs the liquidation
of companies. We are converting our Chapter 11 petition to a Chapter 7. We
are beginning steps toward dissolution.
We enter this termination period with great sadness and more than a little
shame. At the same time, we are very proud of our work, of the people we have
trained and nurtured, and of the many rich experiences and friendships we
have been blessed to receive. We are especially proud of having such a great
group of loyal customers. All of us have been honored to serve the adventure
game market with what have usually been labors of real love. While we have
often been financially poor, we have always been enriched by our trade. Thank
you for letting us serve you.
We have created some of the best and most durable games around. These designs
will outlive ICE. Others will pick up the torch, refine them, and make them
their own. Our legacy will be in good hands - which are those of the consumer.
ICE's assets will now be in the hands of a bankruptcy trustee, probably one
of two local, independent attorneys who specialize in corporate dissolutions.
The trustee will receive his appointment within the next week. He will then
assess the scenario, value the assets, catalogue the debts, and determine their
own plan for selling off our property and satisfying our obligations. Our
building is already sold. Closing is 1 December. We made a tidy profit.
Still, there are many, many more debts to pay. It is up to the trustee how to
prioritize and pay them. The trustee will attempt to sell the entire company,
as a whole or in parts, whichever method brings the best price.
All of us at ICE are very sorry. We hoped to serve you through our children
and children's children. This is not to be. Instead, we will move on. We will
let others fulfill the needs we have addressed these last two splendid
Again, for all of us at ICE - Coleman, Bruce, Heike, Don, Jason, Steve, Howard,
Bob, and the rest of the team, we thank you and wish you well. So long.