Motion for Joint Administration Approved for PFO Global, Inc.
February 02, 2017 at 11:00 pm EST
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The US Bankruptcy Court granted an order for the joint administration of the Chapter 11 bankruptcy cases of PFO Global, Inc. and its affiliates on February 3, 2017. The affiliates include Pro Fit Optix, Inc., PFO Optima, LLC, PFO Technologies, LLC and PFO MCO, LLC. The cases would be jointly administered for administrative and procedural purposes. PFO Global, Inc. has been designated as the lead debtor.
PFO Global, Inc. manufactures and delivers complete eyewear, prescription lenses and related services to the managed care insurance industry. It distributes distortion free polycarbonate lenses under the Resolution brand name. The Companyâs products include SmartCalc and SmartEyewear. SmartCalc proprietary software used to manufacture fully digital lens designs. Certain Company lenses are produced following the SmartCalc software calculation. SmartEyewear Online Ordering System a business-to-business online ordering software system which allows eye care providers to quickly provide all necessary information for each patientâs eyewear package and unique use. It integrates the optical provider directly with lab system. The Company utilizes this system for all of its electronic ordering.