The company continued operations until cash-flow problems forced it out of business in July 1999. Piranha Interactive Publishing did not file for Bankruptcy; rather, they closed their doors and liquidated their assets. The following press release was sent out and posted on the company's web site: Piranha Interactive Publishing, Inc. Terminates Operations' For Immediate Release Tempe, Arizona - Piranha Interactive Publishing, Inc. ''Piranha Interactive Publishing, Inc. announced today that it has ceased operations effective as of the close of business on Friday, July 2, 1999. The Company has been unable to generate sufficient cashflow from its operations to meet its expenses and has been unable to secure additional working capital. The Company's securities were delisted from the Nasdaq SmallCap market as of the close of business on June 23. The lack of an active market for Company's securities drastically limited the Company's ability to secure additional capital. The Company is in the process of liquidating all remaining assets and the proceeds will be distributed to creditors. The Company's liabilities are far in excess of its assets. The final distribution to creditors is expected to be de minimis.
Software
Piranha Interactive's most successful published software title was RedShift 3, an interactive astronomy program that was the winner of the 1999 Codie "Excellence In Software" Award for "Best New Home Education For Teenagers and Adults." Some other Piranha titles included:
The company also published a number of compilations of educational, productivity and entertainment titles.
Affiliations
There is some confusion on the Internet as to which companies were affiliated with Piranha Interactive. For example, one site erroneously indicates that Piranha Interactive was an American label of MacMillan Software, Ltd., a British firm. While Piranha Interactive licensed several of its titles to foreign publishers for distribution in other countries, the two companies were distinct and never collaborated on software publishing efforts. However, MacMillan Software did have an in-house Piranha label for some of their titles, giving rise to the confusion. At least two firms appear to have been using some variation of the Piranha name and/or a variation of the logo: Piranha Bytes Software GmbH and Piranha Games. Another source of confusion is the suggestion that the company was reconstituted in 2000 as Tiburon Interactive Publishing, Inc. However, Piranha completely closed operations in 1999 and is no longer extant. Shortly thereafter, two of the former Piranha employees bought the licenses to some of the software titles and continue to publish them under a different company, Tiburon Interactive.
