Motion for Case Conversion Filed by PFO Global, Inc.
May 25, 2017 at 12:00 am EDT
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PFO Global, Inc. filed a motion in the US Bankruptcy Court seeking the conversion of its bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation on May 25, 2017. The debtor believes that the conversion would be in their best interests and the best interests of their creditors, in the light of lack of progress in raising necessary funds for reorganization, and would minimize further administrative expenses.
PFO Global, Inc. manufactures and delivers complete eyewear, prescription lenses and related services to the managed care insurance industry. It distributes distortion free polycarbonate lenses under the Resolution brand name. The Companyâs products include SmartCalc and SmartEyewear. SmartCalc proprietary software used to manufacture fully digital lens designs. Certain Company lenses are produced following the SmartCalc software calculation. SmartEyewear Online Ordering System a business-to-business online ordering software system which allows eye care providers to quickly provide all necessary information for each patientâs eyewear package and unique use. It integrates the optical provider directly with lab system. The Company utilizes this system for all of its electronic ordering.
PFO GLOBAL, INC. 
