There will be Floss in the Future!

Oh, thank heavens! There will still be floss in the morning!

DMC PRESS RELEASE
APRIL 30, 2008

In recent days, there has been a significant amount of information in the form of press releases, media reports, etc. regarding financial difficulties and operational restructuring plans at the DMC corporate offices in France. Those activities and court filings within the legal system in France are directed towards seeking a formal resolution for two divisions within the DMC Corporation (Sportswear fabric and a small chain of retail stores found only in France) that are not related to the embroidery thread and craft activities, which remain the core business of the corporation.

In addition, the U.S. division of DMC operates as a separate legal and financial entity with its own financing, receivables, payables, etc, and as such, is not included in any legal filing or petitions to the courts that may occur in France.

We are financially secure and fully prepared to conduct business as usual here in the U.S. DMC has been manufacturing needlework threads for 262 years and we remain committed to providing stitchers with the highest quality embroidery floss, specialty threads, needlework fabrics and other supplies they need to continue to enjoy the wonderful art of needlework. We look forward to continuing to serve all of our customers and loyal users of DMC products into the future.

Joseph D. McCabe
President/CEO
DMC, Inc

In celebration, I almost let myself start a new cross-stitch project, which would bring my UFO count up to 64. (Hopefully, I'll still manage "under 50" for the year, but it's not looking too good just this second.)

I managed to keep working on my new Lace Scarf (LabCat's design, very slightly modified). After casting on at least six different times before I got it the way I wanted, I managed to get about 5" of scarf done:


Yay!