INTMICOMM
COMMERCE,#2REBUTTAL Owner of company
Mon, December 06, 2010
Pegasus was a company founded in Costa Rica by David Safai to remanufacture wireless phones. The company started out doing well yet unfortunately due to the comopetition of pricing, remanufacturing of phones in China cost 35% less than it does in Costa Rica and over 50% less than what it costs in the United States. MicroCell Communicaitons does not own Pegasus and was only a customer of Pegasus for the last two years. While many efforts were made to keep the company going unfortunately nothing would help lower costs and there was no way to compete with Asia pricing. Pegasus was not able to survive and thus was forced into liquidation.