TradeShow Executive and ComputerWorld are both reporting troubling news at Pulvermedia. According to ComputerWorld, “the founder of Pulvermedia — the producer of VON trade shows – has resigned.”[TradeShowExecutive] [Computerworld]
Apparently, both Jeff Pulver and Carl Ford left farewell messages on the company’s blog last week, but neither provided details on their departure.
Trade Show Executive reports Pulvermedia has laid off some employees and is restructuring, and quotes the firm’s event’s group CEO as saying the company is in a silent period so he can make no statements about the reorganization.
The trade show publication also said that TICC Capital Corp., a backer of Pulvermedia, said in a March 13 filing with the U.S. Securities and Exchange Commission that it had lost $10.6 million on its investment in Pulvermedia. Rumors are swirling that Pulvermedia’s financial backers are stepping in to take over the company’s resources.
There is no firm information about the future of the company or the shows, which were among the earliest venues for Internet voice and video.
Source: TradeShow Executive, ComputerWorld
