Heritage Global Partners has been selected by the Chapter 7 Trustee to conduct a live auction of assets of ProGear Holdings Inc., owner of the Yes! Golf brand, best known for its putters.
The approval of Trustee's Motion to engage Heritage Global Partners is currently pending in the United States Bankruptcy Court for the District of Colorado. Following approval, the auction will be staged via live webcast and on location on Tuesday, January 18 at 1 p.m. MST, at the Yes! Golf headquarters in Denver, Colorado.
The Yes! Golf brand assets consists of intellectual property and
trademarks including its patented “C-Groove” technology, all capital
assets including thousands of dollars of inventory in the U.S., its
warehouse, shop, office equipment and furniture. Company assets also
include marketing vehicles such as the company website and URL, customer
mailing lists as well as established Yes! Golf brand values.
Francis Ricci, CEO of Yes! Golf since 1998, said that “upon filing for bankruptcy on November 18th, several interested parties from the U.S. and overseas have expressed interest in acquiring the rights to the Yes! Brand and its proprietary technology.”
Parties interested in participating in the Yes! Golf auction must sign a non-disclosure agreement to gain access to Company documents available for review. The agreement, together with contact information and a general description of the assets can be found on the Heritage Global Partners website at www.hgpauction.com.