Krell Moves to new location

With A Sharper Focus on Krell, a Blurry Picture Emerges March 15, 2018 by Ted

Excerpt from Article:

D’Agostino Takes Us Back in Time

Speaking to us, initially, in a very halting manner as she reached for the right words, D’Agostino first answered these allegations by explaining the situation when she reacquired control of the company a couple of years ago. The company had gone through a tough period in which she had been at odds with a significant financial partner. The conflict was ultimately resolved with the exit of this partner and with D’Agostino in full control of the company.

“When I got the company back, there were a whole host of hidden issues,” D’Agostino explained. “Mostly in the way of undisclosed liabilities. And we have been struggling really to get things under control…and it has been a little bit on the hard side.”

She "reacquired" control of Krell around 2016. Sounds like the "Investors" were out... Of course she didn’t give any details how she got control of Krell back.

Well that being the case of the interview as of around March 5th of 2018. No idea how she financed the operations of the company after she "reacquired" it. Therein working capital.

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As for this:

As an attempt at full transparency after much delay due to the courts insistence on a particular family member’s involvement in the matter, approximately 3 weeks ago the courts gave us permission to proceed ahead with the probate process without the individual.

My guess was the family member was the son. It was not...

Son Bret went on to found BSC (Bully Sound Company), and sadly passed away in January, 2017.

Krell Returns September 22, 2018

So who owns Krell today?

Who is paying for the services of JB Bicking & Co.?

From what I have found a normal estate probate can take 6 months to 2 years.

Will the real owner of Krell Industries please stand up.

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The plot thickens!

More than 6,113 Audiogon Members have viewed this ’Krell Moves to new location’ post and 91 people have made comments. While I found everyone’s comments interesting to read, none of them have REALLY answered the one question everyone is asking. What is going on at KRELL INDUSTRIES?

As of today, Krell Industries has NOT yet issued a comprehensive public release addressing its current situation to its customers, retailers, and vendors. While the company has shared limited updates through its new website and social media, many customers remain frustrated by the lack of direct communication. A press release with full details has NOT been released, leaving questions about their operational plans unanswered.

I also do not understand why Krell industries said they will communicate something to Stereophile but send nothing to their customers, retailers and vendors. They also sometimes post to Facebook. This makes zero business sense to me.

Some of these Audiogon posts say Krell Industries has closed and will not reopen. Other people are worried about getting their equipment repaired and/or returned. Some people have provided many details regarding various legal options. There are many other interesting comments.

Everyone wants to know when Krell Industries will send out an official press release with the full details. My answer is I have no clue!

AND, as stated above, "Will the real owner of Krell Industries, please stand up".

Another unexplored item is Krell's board and who sits on it

Another unexplored item is Krell’s board and who sits on it

The board as created in 2009 by the "Investors" no longer exists. I imagine the three appointed board members by the "Investors" were shown the door by Rondi D’agostino when she regained control of the company in about 2016. (As she said, she reacquired Krell, in the Article above. 12-23-2024 at 01:49pm ).

I did a search to find any info about about any present board members. Found nothing. I did find something pre Rondi D’agostino’s death as for management personnel. Have no idea if it is accurate. Though if it’s on the internet it must be true.

This one also shows revenues for 2023 of $15.3M Don’t know if is accurate.. What was the net, bottom line?

https://rocketreach.co/krell-industries-management_b5c44eacf42e0df5

Here’s is another Link:

https://www.zoominfo.com/pic/krell-industries-llc/39634277 Is this accurate? ???

I don’t see any Board Member’s names.

Note the names, last updated. All as of 12/2024.

Note the President’s name. Arnold Martinez What’s his background? Check him out.

I see a familiar family name, Michael Bellas. The Late Rondi D’agostino’s husband.

Looks like the SH forum post saying he had dementia was wrong...

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