Open Labs Closing Shop?

According to the Austin, TX news paper the Statesman, on August 4 2010, all assets of Open Labs, Inc. consisting primarily of the patents, trademarks, copyrights, and other IP associated with the most Open Labs products will be sold at a public foreclosure sale.

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Below is the Legal Notice Advertisement as printed and published on the Statesman website (published July 25th 2010):

NOTICE OF PUBLIC SALE OPEN LABS, INC. MUSIC PRODUCTION EQUIP. Notice is hereby given that substantially all of the assets of Open Labs, Inc. will be sold at a public foreclosure sale to be held at 9:00 a.m. on Wednesday, August 4, 2010, at the offices of Open Labs, Inc., located at 3701 Drosset Drive, Suite 150, Austin, Texas 78744. The assets of Open Labs, Inc. consist primarily of the patents, trademarks, copyrights, and other IP associated with the following Open Labs products: NeKo XXL 61-Key Music Production Stations, NeKo QX6 61-Key Music Production Stations, MiKo LXD 37-key Music Production Stations, MiKo QC6 37– key Music Production Stations, DBeat Mobile Music Production Stations, SoundSlate Rack Units, SoundSlate FW Rack Units, Open RiFF 2.0 Software, MimiK Software, and other Open Labs products. The assets to be sold also include furniture and equipment, office supplies, artwork, and musical collectibles. For more info, contact Greg Young, Okin Adams & Kilmer LLP, 7004 Bee Cave, Bldg 1,Ste 110, Austin, TX, 78746, 512–681–3732 begin_of_the_skype_highlighting 512–681–3732 end_of_the_skype_highlighting.