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Update on bankruptcy at TAN Books

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NDIrish

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Dear TAN Patron,

The purpose of this letter is to thank all of you who purchased books this week in response to our last Friday’s email letter/advertisement. As you probably recall, TAN had to file a Chapter 11 Bankruptcy ("Protection from Creditors") on February 18, 2005. And right now we need to get caught up on current bills, try to build some cash reserve, and prepare a Payment Plan for the creditors for the pre-petition debts we owe prior to 2/18/05, and prove to the Court we are a viable company.

The return on last week’s email was some 3.2%, which may not sound too good, but it gave us 620+ website orders for this week—thru Thursday—which is 300% more than normal website sales, and is actually an excellent return on an email for us.

If you had planned to respond to last Friday’s e-mail, but have not had a chance to, you can view the last e-mail here (includes list of 80+ books on sale)

Because we received a larger than normal percentage of new customers among the website orders this week, we presume that many of you forwarded our e-mail on to your own contact lists. If you did, again, thank you! If you have not forwarded our last e-mail to your e-mail contacts, perhaps you would help us out by doing so. Believe me, the results of this week’s Internet activity were excellent, very gratifying, and helped us out tremendously!

Please realize that in a Chapter 11 Bankruptcy, our company has to show a profit each month and demonstrate to the Court that we can shoulder the Payment Plan we present to our pre-petition creditors. Therefore, it is crucial to our survival to demonstrate month by month that we are building more and more sales. You should realize also that the potential of these great Catholic books is to cause a conversion and/or to help a person rectify his life and save his soul. Helping to distribute these life-changing, potentially soul-saving books can be a great participation in the work all we Catholics are called to do for our fellow human beings—which is expressed so admirably in St. John the Baptist’s resounding injunction: "Prepare ye the way of the Lord, make straight his paths," (Matt. 3:3), which might be paraphrased, "Help him to do His work among your fellow human beings."

Thank you again for your recent website order, if you ordered; God bless you for all your past patronage and support; please consider placing an order now if you have not ordered recently; and—if it is not too much trouble— please forward our last week’s e-mail on to your own contact list.

May God bless you for all you have done and whatever you may do.

Sincerely yours in Jesus and Mary,

Thomas A. Nelson
Publisher



You can view this letter as a webpage here: http://www.tanbooks.com/doct/tnelson.htm
 
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