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Emphatically NO. Kreiss is a privately owned and transparent family business that has been in business for 70 years and is currently expanding. The bankruptcy rumor originated from a licensee in Toronto filing for bankruptcy. This licensee was an independent operator and ran into financial troubles. These financial troubles were completely independent of Kreiss. Kreiss has recently opened beautiful new showrooms in Fashion Island (Newport Beach), Towne Square (Las Vegas) and in Austin, Texas. Kreiss is opening two more new showrooms by February 2011. Kreiss has active Facebook and Twitter accounts and a new website launching in September.

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