The Car and Truck Fleet and Leasing Management Magazine

Minorplanet Files for Bankruptcy Protection

February 17, 2004

Minorplanet Systems USA Inc., a maker of tracking devices for fleet vehicles, filed for bankruptcy protection on February 10 and named Dennis Casey new chief executive officer.The company listed assets of $49.2 million and debts of $31.5 million in Chapter 11 papers filed in U.S. Bankruptcy Court in Dallas, Bloomberg reported. It said in a statement it filed for protection to restructure $14.3 million in note debt. Casey said no staff reductions were planned. For its fiscal first quarter ended Nov. 30, the company's net loss was $3.3 million or 34 cents per share on revenue of $6.8 million.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Faq Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All


Sponsored by

Owned by the Taylor family of St. Louis, Enterprise Fleet Management supplies most makes and models of cars, light- and medium-duty trucks, and service vehicles across North America.

Read more

Up Next

More From The World's Largest Fleet Publisher