Electric Foam 5K operator closes business and files for bankrupt - WKOW 27: Madison, WI Breaking News, Weather and Sports

Electric Foam 5K operator closes business and files for bankruptcy

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foam by Chris Conohan foam by Chris Conohan
MADISON (WKOW) ---The national company that operates the Electric Foam 5K runs has filed for bankruptcy.

Local runners called 27 News after the Madison May event, they say didn't perform to the event's promises from their promotional materials.

Now the Electric Foam 5K posted the following on their website.

Dear ElectricFoam Registrants,

We regret to announce that ElectricFoam is cancelling all future events and will no longer be in business as of June 17th, 2014, ceasing operations immediately. We have tried these last few weeks to continue producing our events but due to business conditions, we cannot.

ElectricFoam no longer has staff or resources and will not be able to respond to individual emails or phone calls but will provide additional email updates as information becomes available.

We appreciate the support from the racing community, but despite an exhaustive search for options through today, we cannot proceed further. We do hold out some hope that another race series or investors will step in and allow us to continue and some discussions towards that are continuing to take place. But at this point we cannot continue forward.

Groupon has already processed refunds for all of our events and Pulsemob will be issuing some remaining refunds as well. Due to our financial situation we will also be filing Chapter 7 bankruptcy.

ElectricFoam Team

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