GECO, German Electronics Company, filed Chapter 11 Bankruptcy proceedings December 15, 2008 in the U.S. Bankruptcy Court, Middle District of Florida, Tampa. Ralph Frizzle, Owner and President of the Largo, FL company, has provided DOTmed News with the following statement:

"German Electronics Company has been the premier national parts supplier for pre-owned SIEMENS Medical Imaging equipment and parts for 15 years. Our commitment to providing technical support and just-in-time inventory to our many hospital customers has been imitated but not duplicated. Recently, our decision to file for reorganization was a difficult but necessary move to fend off a predatory bank from making it impossible for us to continue to serve our customers. We see this as an opportunity to restructure our operating procedures and policies and perform 'household' cleaning that will enable us to continue to grow and serve the medical imaging business for many years to come. We also would like to thank all those who have called in the past two weeks to show their support and intent to continue business as usual."

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