iPix prepares for liquidation

The founding company for virtual tours, iPix, is going under. Here's an article from KnoxNews.
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Ipix Corp. is up and running again on a "very limited" basis as a bankruptcy court prepares to liquidate the company, and former CEO Clara Conti is back in the fold as a $5,700-a-week consultant.

Ipix customers can have their online tours hosted and purchase licenses to renew their 360-degree imaging software from Ipix's online store, but no customer service or other operations are in place, said Stephen Karbelk, the sales agent appointed to auction Ipix's estate.


Conti and John Farmer, Ipix's former chief technology officer, have been hired as independent contractors to assist court-appointed trustee Donald King.

According to a court filing, Conti's role will be to assess the company's assets, advise King on how to sell them, identify prospective buyers, assist with due diligence and provide information on Ipix's business operations and transactions.

Farmer will play a similar role with the company's technical side and will be paid $120 an hour.

Ipix, an imaging company founded in Oak Ridge in 1986, grew in the 1990s on the strength of its online "virtual tours," going public in 1999 at the height of the technology boom. When the market crashed, Ipix was hit hard and attempted to shift its focus to the video surveillance market.

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