Motion For Case Conversion Approved for PFO Global, Inc.
November 13, 2017 at 09:30 am IST
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The US Bankruptcy Court gave an order granting the conversion of Chapter 11 reorganization case of PFO Global, Inc. to liquidation under Chapter 7 on November 13, 2017. Chapter 11 Trustee is no longer attempting to pursue confirmation of a plan based upon a merger or sale of debtor corporate shell.
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.
PFO GLOBAL, INC. 
