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Storage Engine files for bankruptcy protection

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thepennyking   Tuesday, 03/23/04 12:10:18 AM
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Storage Engine files for bankruptcy protection
Monday March 1, 7:01 pm ET


SEATTLE, March 1 (Reuters) - Storage Engine Inc. (OTC BB:SENG.OB - News), a provider of computer systems used to store document images and data, said on Monday it filed for Chapter 11 bankruptcy protection after posting losses.
The Tinton Falls, New Jersey-based company, which also received a third-party summons as part of a civil lawsuit brought by the Boston U.S. Attorney's office against Dynamic Research Corp., said it would "reorganize its business and re-emerge shortly from this process, while continuing to provide service to its business customers and potential customers."

The bankruptcy filing will not "impact day-to-day operations with regard to its employees, customers and general business operations," the company said, "Several non-essential employee positions have been eliminated."



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