Alphared ceases to exist

As of 35 minutes from now, 10 AM EST, Alphared will have their entire network powered down and will be pulled offline. In the last and final blow to the company and firm after declaring bankruptcy, an email was sent out to clients mere hours before everything turned off.

A copy of the email is below:

This Morning December, 23 2008 at 9:30 AM CST, Alpha Red, Inc. entered Chapter 7 Bankruptcy. Doug Brickley of LECG was appointed the Chapter 7 Trustee. The receiver’s duties are to liquidate the assets of Alpha Red and collect past due balances from Alpha Red's current and former clients.

The business will not continue. All services including power, bandwidth, and technical support will be shutdown at 9:00 AM CST on December 24, 2008, tomorrow. We will begin shutting down servers this evening around 8:00 PM CST, December 23, 2008 starting with accounts which have outstanding/past due balances.

If you have paid your bill and are current, you may contact us at support@alphared.com or by phone: (713) 936-2388 to delay your shut-off time until 9:00 AM CST tomorrow morning.

A rundown of the recent events is available in another blog entry at Alphared files for Chapter 11, the company all but disappeared when the Washington state attorney general Robert McKenna filed suit against James Reed McCreary IV and his firm.