Hey guys, Paul Lane of MTS here. If you have been to the web site I'm the one (in the old picture) that Marty says is tall and has hair. In the new site, I'm the one stuffed in a MTS shirt on the last page. Notice I'm not fixing anything.
It's been my pleasure to I have spoken with hundreds people who call into MTS but I wanted to officially introduce myself on the site, and this situation looks to be a proper place to do so. So, first things first --- Hello to everyone out there in Caddy Land. And sorry for this being long-winded, but things need to be expalined.
If you have chatted with me, you probably understand my detailed knowledge of engine building is limited, but I'm an avid promoter of these Caddy motors and a huge fan of the NHRA. My area of expertise in MTS and as the President of Lane Concepts (our other business) is to help make the enterprises work, bring valued products to the market, and try to promote a good environment for all of our customers. I'm also the lucky one who has built the web sites and does most of the marketing.
Most of you know the history of MTS and how/why we became invloved, and why we work so hard and have spent so much to try and fix all of the broken peices of this specialized industry. And in doing so we have tried to keep things positive, and lableld the word "positive" as important to the whole Caddy community.
Second, I'm not here to counter Brian or bash him, he did have a deal with TI, and like the rest of us, is not happy when money is spent with a company and the company goes under before the product arrives. Businesses die by the hunders every day, it stinks for everyone involved. I think this topic is important to the whole community and I would like to thank others for the followup posts. It will help explain.
In 2006 Marty and I purchased the assets of MTS; we didn't purchase the corporation itself, just the inventory, Internet site (500cid) and the customer base and started our Corporate version of MTS. There were a few "old MTS" customers who had fallen through the cracks during the 2-3 months MTS was is essense closed, and we took care of them. We honored a warranty or two or three, shipped missing parts etc, though we didn't need to do any of it. Some things came to furition more than a year after we became involved, and we fixed most if not all of the problems. It's good business. Business being the key word. This is a corporation, not a persoanl endeavor, though I have to admit, our souls are poured into everything we do for the company. Bulldog (Dick Bradshaw) and TI (J/W) follow(ed) the same suit.
In Bulldog, we purchased the various tooling, not the company. We could have just bought the stuff, started the production process and told those who had given Bulldog money for Heads or Manifolds that were never delivered, "Too bad, take it up with Bulldog." However, we spent more than 70 extra hours (some of it paid legal stuff) to negotiate into the deal that everyone Bulldog owed product, recieved it first. It's why we had some delays in releasing the (MTS) original items. It was the right thing to do. Some things take time, and longer than expected, but our (MTS) core beliefs eventually help everything work out.
In Torque Inc, there were no assets to buy. First Tiny left, and when JW got sick, the corporation died. In all honesty, it owed MTS money and we wrote it off. The web address was defunct, there was no inventory, the business was closed and done. However, having worked with JW on a few projects, MTS thought it would be a great benefit to bring John on board in an R&D position and move into the "Cadillac Desinged Project."
I mentioned the word "Positive" above. When the press release was submitted it would have been very easy for us to say, "MTS sweeps up the remains of another crippled and dead Cadillac Company....." But why? To be 100% accurate, the merger was in name only, not companies. It's still very important to keep the positive aspects of our community flowing in the right direction. We have taken over three (3) dead enterprises, MTS, Cadillac Bulldog, and TI and have nurtured these into something that will hopefully make our little world a better place. At times Marty and I have just looked at each other and said, "No good deed goes unpunished", and this TI issue is one of them.
When the three of us (Marty, John and I) decided to move forward, we spent more than a week evaluating and deciding how to handle TI customers that may be owed something. Again, trying to keep things positive and moving forward, we have been working with everyone involved to attempt to do what we can regarding TI, and while we have resolved most of the issues, I have to admit, there are times where we have decided to push TI issues back a notch or two.
In Brian's case, there have been copius amounts of communication between him and us, both verbal and by e-mail, and I didn't see that information noted in the post. There will be a time when Brian's headers are done, and as MTS is paying for it (through JW's efforts) it's happening on our schedule. It's getting close, but ensuring that JW's personal situation's and MTS as a whole is taken care of is our #1 priority and something we just have to appologize for.
I trust this helps explain some of the dynamics involved in how we have been doing business and how things have progressed in the back-end regarding our involvement. I also hope everyone understands that JW did nothing illegal in closing a bankrupt corporation, and in actuallity, by working with former TI customers, has taken a step above and beyond what he needs to do. It's a big reason why we decided to bring him on board.
Thanks again for the time. If you have any other questions, please let me know.