Motion for Joint Administration Filed by PFO Global, Inc.
January 30, 2017 at 11:00 pm EST
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PFO Global, Inc., along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on January 31, 2017. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Pro Fit Optix, Inc., PFO Optima, LLC, PFO Technologies, LLC and PFO MCO, LLC, with its own case for administrative and procedural purposes. PFO Global, Inc. has been proposed as the lead debtor.
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.