Colt Studios Will Continue On With It’s Iconic Brand

Published on March 1, 2011 by QueenGossip   ·   No Comments

Prowest Media Corporation (PMC), the parent company to COLT Studio Group today announced that the company’s restructuring has become effective. The company’s plan of reorganization was by the U.S. Bankruptcy Court. (Photo Above: Kristofer Weston, Marco Grey, Max Phillips, John Rutherford, Robert Vecchiarello.  Bottom Row:  Manfred Speer, David Dubin, Tom Settle)

Tom Settle, Chief Executive Officer of PMC said, “Today PMC is a stronger, more competitive company with a solid financial foundation and a bright future. We look forward to working with PMC’s dedicated employees, distribution, manufacturing and online partners and of course our very loyal customers while we continue to build upon the company’s legacy.”

“Throughout the restructuring period we remained committed to maintaining the high standards for which our studio has been known.  With the restructuring of our business, PMC can now emerge from one of the most challenging economic periods for producers in history. We are honored and inspired at the opportunity of leading this iconic studio into its next generation of content production while aggressively pursuing, developing and exploiting new digital entertainment platforms with our partners,” said COLT’s President and Creative Director, John Rutherford.

Rutherford went on to say, “COLT Studio group and it’s subsidiaries will continue the production of the iconic COLT, Buckshot and Olympus line of features as well as introducing new COLT Gear toys, new private label COLT apparel and COLT Leather products and much more for 2011.”

We are COLT Strong – The most consistently produced studio in the industry since 1967. – President of Colt, John Rutherford

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Tags: bankruptcy, Colt Studio Group, Jim french, John Rutherford, lawsuit