Rumor watch: Keto not bankrupt

Filed under: Business — Tags: — @ August 24, 2004

Despite rumors swirling around the industry today, CarbWire can confirm that Keto is not filing for any type of bankruptcy. It is not known who started the rumor, but signs point towards a disgruntled ex-employee. Arne Bey of Keto told CarbWire that the company has felt the heat of competition in the growing low-carb industry, but has absolutely no plans to file bankruptcy.

A search performed on New Jersey’s bankruptcy court records confirmed Mr. Bey’s statement.

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