Feeds

Cube8 fledgling dies

Another day, another dotcom failure

  • alert
  • submit to reddit

High performance access to file storage

Net investment outfit, Cube8, has revealed that Web Street Limited - which developed software to build online shops - has ceased trading and is looking for a buyer.

Cube8 had invested £250,000 in Web Street for a 25 per cent stake in the company.

No one from Cube8 was available by press time.

In a statement, Brian Hindson, CE of Cube8 said: "The portfolio remains under regular review and the board's policy is to be decisive in cases where we do not see an economic return.

"The Web Street technology is very good, but the company was not able to translate that into a sustainable revenue stream," he said.

A statement from Web Street to its customers said: "We regret to announce that as of 14 February 2001 Web Street Limited has ceased trading.

If you have a Web site hosted with Web Street it will continue to operate as it stands for the foreseeable future however no further technical or customer support can be provided."

However, a few days later an email from Antique Street was sent out to former Web Street customers.

This said: "We should like to introduce you to the Antique Street shop building service.

Whilst we specialise in shops for the Antiques & Collectables Trade we also have the facility to host other e-commerce shops.

We use software that may already be familiar to you. Shops can be built from existing images and text direct from your own P.C. should you wish, and within the next few days it may be possible for you to transfer complete businesses to the Antique Street shop building service.

We invite you to look at our site www.antiquestreet.co.uk and see if this service meets your requirements!

One former customer, trying to get his domain name back from Web Street, said: "The website and services offered, layout, colours etc are exactly the same!

Except Antique Street only offer the free service to clients selling antiques and collectables, therefore our site has vanished!" ®

Related Links

antiquestreet.co.uk
Web Street site

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.