KLM Enterprises Services LLC Announces BGE Digital Distribution To Seek Bankrupty & Sale of Company

By: KLM Enterprises Services LLC
 
 
BGE Distribution Trademark
BGE Distribution Trademark
KANSAS CITY, Mo. - Dec. 9, 2021 - PRLog -- KLM Enterprises Services LLC ("KLMES") announced today that its Company, BGE Digital Distribution intends to file a petition under Chapter 7 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Western District of Missouri.  None of the service related subsidiaries or other subsidiaries of KLMES will be included in the Chapter 7 filing and all of the service companies will continue to operate.  Customers of BGE Digital Distribution may continue to use its services or take other actions with respect to their accounts.

The Board of Directors of KLMES authorized the pursuit/filing of the Chapter 11 petition in order to protect its assets and maximize value.  In conjunction with the filing, KLMES intends to file a variety of first day motions that will allow it to continue to manage operations in the ordinary course.  Those motions include requests to make wage and salary payments and continue other benefits to its clients.

KLMES is exploring the sale of its digital distribution operations and is in advanced discussions with a number of potential purchasers to sell).  KLMES intends to pursue those discussions as well as a number of other strategic alternatives.

KLM Enterprises Services, LLC and its subsidiaries will continue to conduct business as usual and will not be subject to the bankruptcy case of its BGE DD, and its operating functions remain intact. In addition, any royalties collected for BGE DD client and are not subject to claims of creditors.

BGE Digital Distribution is headquartered in Kansas City, Missouri.  For further information about BGE Digital Distribution, visit the Firm's Web site at http://www.bgedistribution.xyz.

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La'Nardo Myrick
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Tags:Bge Distribution
Industry:Services
Location:Kansas City - Missouri - United States
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