Walnut, Calif. – Apex Digital, a maker of televisions, DVD
and Blu-ray players, set-top boxes and related products, announced on Wednesday
that it has filed for Ch. 11 bankruptcy protections.
"This restructuring
plan allows Apex to grow its business in a new direction capitalizing on the
increasing demand for green energy. This is an area where we have a proven
track record and a number of new products under development," the company
said in a statement.
Apex added that it has the working capital necessary to
continue normal operations during the bankruptcy proceedings.
Walnut,
Calif.-based Apex Digital was founded in 1997; its low-cost consumer electronics have
been sold at Wal-Mart and other retailers.
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