IMPORTANT NOTICE TO EARTH CLASS MAIL CUSTOMERS AND VENDORS
Dear Customers and Vendors,
We are reaching out to inform all of you of changes taking place at Earth Class Mail. Several months ago we were approached with an offer to buy our company. Since then we’ve been busy performing significant due diligence and last week the terms of sale were agreed upon. Management and employees have worked incredibly hard to grow Earth Class Mail into the company it is today, and we are truly excited for the opportunities this will bring. For our customers, new ownership will mean expanded services and an improved user experience, and for our vendors, you are likely to see more business from us as we expand.
One condition of the sale is that the buyer acquire Earth Class Mail in connection with a bankruptcy process. Please be assured that this will not impact our ability to service our customers or to pay our vendors. Though our business is solid and generates positive cash flow, for many years we have been encumbered with a large amount of legacy debt that the business will not be able to repay. While we are very proud of the products and services we have delivered, our financial position has nonetheless hindered our ability to expand our business and improve the services we provide.
We currently expect the bankruptcy process to be completed in a few months. Please be assured, however, that while that process will be going on in the background, we will continue to run our business just like we have. You’ll see no changes in service for customers and we will continue to pay all of our vendors in the same timely manner we always have. Once the bankruptcy process is complete, the legacy debt will no longer be a burden on the business, allowing the new owners to make investments in the company that are not possible today. Some of the improvements you can expect to see include a significant update of our user experience, as well as integration of our products with services like Google Drive or Dropbox. You’ll still be working with the same great people you have been since, unlike many bankruptcies, our success in running a profitable business means there will be no need for any employee layoffs.
To our customers, we thank you for giving us the opportunity to serve you. We appreciate your business and the confidence you have placed in us. To our vendors, we sincerely appreciate your services and ongoing support to our business and we apologize for any inconvenience this may cause. If you have any questions or concerns, please don’t hesitate to contact us.
Earth Class Mail