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Text Lite Ltd. was founded in 1979 by Derek Blennerhassett and was based
in Monkstown, a suburb of Dublin (Ireland). Initially they were
involved in diverse areas, such as Audio-Visual and
Electronic Display Systems. The majority of these systems were sold
in Ireland, but their Text Tell PX-1000
series was sold overseas as well.
Some of their products were marketed and sold by
Philips Netherlands.
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In later years, Text Lite (now renamed to Text Tell Ltd) developed into
specialists in the areas of Labelling, Safety and Identification,
selling the products of two well known companies: Brother (Japan)
and Brady (USA).
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In the early 2000s, Text Tell was still in business, selling labelling
machines to over 2000 customers. However, around 2008 the company seems
to have dissolved and their website has become unavailable since [1].
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Text Tell products on this website
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The history of Text Lite is, to put it mildly, clouded.
Initially, the company started as a Dutch enterprise, creating a
non-transparent web of companies. At the time, they were a major supplier of
scrolling text displays and portable communicators (Dutch: zaktelex).
In 1984, Text Lite became a listed company in order to attract investers.
In May 1987, Text Lite Ireland Ltd. was extracted from the group and became a
separate autonomous company.
In the late 1980s, after a series of fraude reports and acquisations of
mis-amangement, Text Lite Holding ran into trouble.
It was the first major large-scale stock exhange fraude schandal
in The Netherlands. Text Lite went into receivership and the resulting
investigation would last nearly a decade.
Finally, in 1990, backrupcy of Text Lite was filed, leaving a total debt of
more than 30 million Dutch Guilders. The Dutch supreme court ruled the
former board of directors personally responsible for the damage and for
mis-management. The following companies were in one way or another
related to Text Lite:
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- Text Lite Holding NV
- Text Lite Holding BV
- Text Lite BV
- Surtronic BV
- Text Lite Ireland Ltd.
- Text Lite Communications Ltd.
- Text Lite Inc. USA
- West-Tec Ltd
- Text Tell Ltd.
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- WayBack Machine, www.texttell.com
Internet archive, showing the state of the Text Tell website in 2001.
- L. Timmerman, JB Wezeman, Arresten ondernemingsrecht
Court rulings about fraude and mis-management at Text Lite. Dutch.
W.E.J. Tjeenk Willink. Kluwer, 2001. ISBN: 90 271 5322 1. p. 1350 onwards.
- Quote, Verrassing! Arie Hommel weer failliet.
About the backrupcy of Text Lite chairman A.W Hommel in the late 1980s.
6 May 2009, Martijn de Mulder. Dutch.
- Volkskrant, Curator Text Lite boekt succesje in miljoenenjacht.
About the NLG 30 million claim on the Text Lite board.
13 May 1997, Gerard Reijn.
- Volkskrant, Curator Text Lite weg wegens enquêterapport
About Text Lite's receivership.
14 December 1994, Nico Goebert.
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© Copyright 2009-2013, Paul Reuvers & Marc Simons. Last changed: Monday, 16 April 2012 - 21:11 CET
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