********** 9-11-2001 Remembrance 9-11-2009 **********
Gene`s BMX News -- 09/11/2009
09/11/2009 is the 8th Year Anniversary of
the September 11th, 2001 terrorist attacks,
An emotional experience that changes the world
for ever, and a day we all never will for get.
Please take a time out in your day and remember all
the people that has fallen on September 11th, 2001
- A turning point in so many people's lives."
Freedom is a wonderful thing,
DO NOT TAKE IT FOR GRANTED!
"GOD BLESS AMERICA AND ALL HER PEOPLE!"
On September 11, 2001 there was a horrendous terrorist
attack on America which can only be described as an act
of war. As also in Denver, Colorado USA Pacific Cycles takes
over Schwinn/GT Bicycles as the courthouse is evacuated.
The World and the Bicycling Industry Changes for ever,
In support of the internet's BMXing community............
2 Big Events in USA History on this Day
~~~~~ 1 We all never will for get ~~~~~
~~~~~ 2 The Sale of Schwinn/GT Assets ~~~~~
On Tuesday Morning, September 11th, 2001, there was a horrendous
terrorist attack on America which can only be described as an act of war.
Two U.S. planes hijacked by terrorists crashed
into the World Trade Center's Twin Towers in New York, another
into the Pentagon in Washington D.C., and a fourth in Pennsylvania.
American Airlines Flight 11, UNITED Airlines Flight 175,
American Airlines Flight 77, and UNITED Airlines Flight 93
were hijacked by terrorists and flown into symbols of America
in what most compare to Kamikaze tactics.
This caused the World Trade Center's Twin Towers to collapse.
Another crushed a portion of the Pentagon.It is believed that the plane
that went down in Pennsylvania was headed for the White House.
This killing more than 3,000 people in a matter of hours.
Behind the staggering number of deaths are the individuals,
each of whom left behind family, friends and coworkers.
This has changed so many people's lives today and how we all live.
On Monday, Sept. 8, 2003 in New York.
Firefighters salute as a coffin carrying the remains
of a New York City firefighter. The last city firefighter
killed in the attack on the World Trade Center to be memorialized.
Please take a time out in your day and remember all the people that has
fallen on Sept. 11, 2001 A turning point in so many people's lives."
9/11/2009 - "Gene`s BMX Sends prayers out to all People in the World",
** GOD BLESS AMERICA AND ALL HER PEOPLE! **
9-11-2001 8th Year Anniversary
September 11, 2001 Pacific Cycles Takes over
Schwinn/GT Bicycles As Courthouse Is Evacuated
DENVER, CO. Minutes after declaring Pacific's $86 million bid
the winner in the Schwinn/GT cycling auction,
Judge Sidney Brooks evacuated the Federal Bankruptcy Court for
the District of Colorado. Federal buildings around the nation
were evacuated shortly after several terrorist attacks that morning.
Today bidding for the company opened at approximately 8:50 a.m.
with a bid from Huffy for $82.5 million in cash and another
$1.25 million in credit. The credit amount was based on the
break-up fee Pacific would have to pay Huffy for breaking its
earlier deal to buy the bicycle division for approximately $63 million.
Pacific immediately countered Huffy's opening offer this
morning with a bid of $85 million. Huffy then countered with
$84 in cash, plus the $1.25 million break-up fee. Pacific again
wasted no time and offered $86 million. Huffy declined to bid
further and Judge Brooks declared the Pacific's winning bid.
When the building was evacuated, those attending the hearing
adjourned to the courthouse steps to wait for the final word on
whether or not the evacuation was indeed real. Many on the
steps were on cell phones calling to check on friends, relatives
and co-workers in lower Manhattan where two airplanes
crashed into the World Trade Center buildings several hours earlier.
Judge Brooks tentatively scheduled a hearing on the sale of
Schwinn's fitness division for next morning, should federal
courthouses be open for business.
Direct Focus and Pacific have combined forces to buy the entire company.
Schwinn executives and the creditors committee, however, are hoping
to retain control of the company in order to increase its value for sale
at a later time.
Byron Smith, president of Mongoose Bicycles, a division of Pacific,
said he was confident that today's events put his company in a good
position to also acquire the fitness business with Direct Focus.
