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Legacy IMBDS Inc Bankruptcy Case Study!
6740 SHADY OAK RD
Phone: (612) 947-5200p:612 947-5200 MINNEAPOLIS, MN  55344-3433  United States Fax: (952) 947-0188f:952 947-0188
This company's Plan of Liquidation went into effect on 4/1/2024
This company ceased filing statements with the SEC on 4/1/2024.
On 8/16/2023, the sale of substantially all of the assets of iMedia Brands, free and clear of all encumbrances (other than assumed liabilities), to IV Media, LLC, a subsidiary of Innovation Ventures, LLC, was closed.
This company is no longer actively traded on any major stock exchange.
Business Summary
Legacy IMBDS, Inc., formerly iMedia Brands, Inc., is a global media company. It owns and operates four television networks, which are ShopHQ, ShopBulldogTV, ShopHQHealth and 123tv. Its flagship network, ShopHQ is a multiplatform interactive television network offering a balanced assortment of name brands to consumers in an engaging and informative shopping environment via television, online and mobile. 123tv is the interactive media company disrupting Germany’s television retailing marketplace with its Dutch auction style live and automated auctions that engages consumers with 123tv’s balanced merchandising mix of compelling products shipped directly to their homes. Bulldog is a men’s shopping and lifestyle television network offering men’s merchandise, entertainment and services. ShopHQHealth is a Health and Wellness focused network that offers an assortment of products and services to address the physical, spiritual, and mental health needs of its customers and their families.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-YesYesYes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
1/28/20231/29/2022YesYesYesYesYes

Industries
SIC Code Description
5961 Catalog and mail-order houses
5999 Miscellaneous retail stores, not elsewhere classified
5311 Department stores
4833 Television broadcasting stations
7311 Advertising agencies

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Chairman of the Board Landel C.Hobbs 59 8/18/2016 3/14/2014
Vice Chairman of the Board EyalLalo 47 5/2/2019 5/2/2019
Chief Financial Officer Timothy A.Peterman 56 9/23/2023 3/26/2015
8 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
PW Acquisition Company, LLC 6740 Shady Oak Road Eden Prairie MN United States

Business Names
Business Name
123tv Holding GmbH
123tv Invest GmbH
867 Grand Avenue, LLC
22 additional Business Names available in full report.

General Information
Number of Employees: 1,096 (As of 1/29/2022)
Outstanding Shares: 31,644,860 (As of 2/21/2024)
Shareholders: 5,942
Stock Exchange: OTC
Federal Tax Id: 411673770
Fax Number: (952) 947-0188
Email Address: investorrelations@vvtv.com


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Tuesday, October 29, 2024