major rebate center files for bankruptcy - Continental Promotion Group, Inc.

[jerseygirl]

http://promomagazine.com/news/continental-promotion-bankruptcy-1124/

 

Continental Promotion Group, Inc., one of the country’s largest rebate-processing companies, has filed for Chapter 11 bankruptcy protection, citing liquidity problems.

 

The Nov. 14 filing leaves in question the firm’s ability to fund “several million dollars” in rebate checks to roughly 300,000 consumers, according to papers on file with the U.S. Bankruptcy Court, Middle District of Florida, Tampa Division...........

[zzyzx]

Wonderful. Another sign of the times. We need to be consider carefully the increased risk playing the rebate game.

[amickeyfan]

I wonder how this will effect some sales with rebates

[cook4andy]

I heard a similar thing about gift cards.