Press Pass ceasing operations?

[gt2590]

Looks bad for Press Pass.

Both Darren Rovell and Chris Olds are reporting the football, non-sports and mostly racing card company is folding up.

http://www.beckett.com/news/2015/01/report-press-pass-closing-its-doors/

Things got tough for them when UD got the NCAA exclusive licensing and with the drop-off in NASCAR.

Still sad to see though...

 

[BBCgalaxee]

That sucks, a truly innovative long lasting company who I could never say anything negative about. Class company with class employees.

Sent from my HTCONE using Freedom Card Board mobile app

 

[shanks25]

They made fantastic nascar cards...

Sad

 

[pudge27t]

Aww that sucks!!

 

[rsmath]

They made fantastic nascar cards...

I've been finding that out when I get a free NASCAR box with purchase or pick up really cheap boxes of PP Nascar cards and have enjoyed them.

I hope I don't end up pulling redemptions because it sounds like I'd be SOL with them going away.

 

[gojacks63]

This makes me extremely saddened! It's just another example of money taking over the hobby. The bigger company got the ncaa licensing agreement. And I mean Let's be honest, it's hard to make a pre-draft card without using a the players team logo. Really tough to see Press Pass go, but not suprising.

 

[klktbear]

I enjoyed the press pass college cards! ! Shame that they are going away

 

[gt2590]

It's been confirmed, and even worse, they will not be honoring any redemptions...

 

[Casebusters]

wonder who will buy out their inventory...

Panini?
Upper Deck?

I always liked Upper Deck Racing Cards back when they had them 15 years ago

 

[BBCgalaxee]

My bet is on leaf to buy out their inventory considering they're done that with several other companies.

Sent from my HTCONE using Freedom Card Board mobile app

 

[Card Magnet]

I'm just hoping we don't see a liquidation like with Fleer, Pacific, etc. where the market gets flooded with blank cards and uncut sheets that will pave the way for forged inscriptions and red inks, not to mention "hand cut" 1/1 Reflectors like we see with back doored Chrome supers.

 

[gt2590]

Anybody got any updates on the outstanding Redemptions?

 

[Card Magnet]

Anybody got any updates on the outstanding Redemptions?

Press Pass already said when they made the initial announcement that they will not be honoring any outstanding redemptions.

Posted using Tapatalk...which probably means I'm on the crapper.

 

[Brad]

Terrible news for the hobby. They put out a consistently good product. UD's exclusive license was the beginning of the end. Leaf's products with no license was too much to withstand it seems.