IRVINE, CAOCTOBER 10, 2008To insure the long term survival of the GReddy brand in the USA, GReddy Performance Products, Inc. has opted to file for Chapter 11, Reorganization, on October 10, 2008.GReddy sales, customer service, R&D and operation will continue to conduct business as usual, through this process. The flow of inventory and new products will continue and will not be affected. Normal GReddy operating hours will remain as before.This reorganization change is result of last month's Minji-Saisei-Hou filing of GReddy's parent company TRUST Co. LTD. in Japan. Although TRUST has now returned to production, and GReddy Performance Products has maintained normal business practices, the recent extreme downturn in the world's banking market has made this option the best prospect for continued operation and expansion of the GReddy brand.It is also in the best interest of GReddy's future to join some of GReddy's competitors in the industry, in not exhibiting in this years SEMA Show. The withdraw is regretful, but necessary. This does not however mean development and construction of new products and demo vehicles which were planned to debut at SEMA will stop. Instead, GReddy plans on releasing news of these items through other media outlets very soon.GReddy Performance Products, Inc. and it's staff would like to thank all the kind well-wisher, customers and industry associates for their support in these challenging times. GReddy looks forward to continuing to provide quality high performance parts for years to come.www.autoblog.com/2008/09/10/japanese-tuning-firm-trust-gr...