GRANDPARENTS.COM, INC. (OTCMKTS:GPCM) Files An 8-K Bankruptcy or Receivership
Item 1.03. Bankruptcy or Receivership.
voluntary petition for relief under Chapter 11 of Title 11 of the
United States Bankruptcy Code (the Bankruptcy Code) in the United
States Bankruptcy Court for the Southern District of Florida
(Miami Division) (the Bankruptcy Court), In re: Grandparents.com,
Inc., Case No. 17-14711 (the Chapter 11 Filing). On April 14,
2017, Grand Card, LLC, a wholly owned subsidiary of the Company
(Grand Card) also filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (the Grand Card Chapter 11
Filing). The Company filed a motion with the Bankruptcy Court
requesting that the Chapter 11 Filing and the Grand Card Chapter
11 Filing (collectively, the Cases) be consolidated for
procedural purposes only and administered jointly.
businesses as debtors-in-possession under the jurisdiction of the
Bankruptcy Court and in accordance with the applicable provisions
of the Bankruptcy Code and orders of the Bankruptcy Court.
the foregoing. A copy of the press release is filed herewith as
Exhibit99.1 and is incorporated herein by reference.
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Exhibit No.
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Description
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99.1
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Press Release, dated April 14, 2017.
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About GRANDPARENTS.COM, INC. (OTCMKTS:GPCM)
Grandparents.com, Inc. owns and operates the Grandparents.com Website. As a membership organization and social media community, the Company connects grandparents, seniors and boomers to differentiated, discounted products and services. The Company’s Website offers content on health and wellbeing, relationships and finances, as well as other topics, such as recipes and travel tips. The Company’s Website is primarily a social media platform targeting active, involved grandparents. Along with its Website, the Company’s membership association, the American Grandparents Association (AGA) was formed to unite grandparents, boomers and seniors. Members of the AGA have access to a range of benefits, including discounts on products and services. AGA members can access community features of the Company’s offerings, including discussions, blogs, games and content, as well as other products and services, which are offered exclusively to AGA members. GRANDPARENTS.COM, INC. (OTCMKTS:GPCM) Recent Trading Information
GRANDPARENTS.COM, INC. (OTCMKTS:GPCM) closed its last trading session 00.0000 at 0.0127 with shares trading hands.