We won!
At the end of August, the Appeals Court in Karlsruhe finally dismissed the appeal by the bankruptcy lawyer against the court decision of February, 2005, as "obviously without merit." This was a complete victory for us even though it was a "Phyrrus Victory." We had properly taken over all rights to the "LS" brand name right from the beginning, but because of the long period of doubt and questions, the brand name suffered and many potential customers turned to our competition due to their uncertainty of our ability to sustain the line.
I can't blame them for that.
But now the way is clear!
And if somebody had wanted to give us another hint of our success, nothing would have been better than to see Ralf Fischer take second place in the European Master's with an LS10 and our Production Manager, Holger Back, win first prize in the German National's competition in the 18 meter class.
If that wasn't a kick in the pants.........!
Now the pressure is on to develop the LS10 even further. There will be a Turbo version of the 18 meter ship and an optimized version of the 15 meter racer with improvements in the wing separation and newly developed winglets.
We hope to be in series production within the next year. First, however, the customers will be served that have waited through the difficulties of the past two years for their options to become firm orders. We want to assure them that they did not make a mistake waiting for us and that we will be true to the LS Brand name.
We will be glad to accept further options to buy until we are in series production and can then accept firm orders.
There is a lot to do. Let us do it!
Translation: David Noyes 
|
