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Active Ride Shop announced today that is has filed for a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the county of Riverside. Stay tuned to TransWorld Business for follow up information as it breaks.

As of today, Active Ride Shop’s official Web site only lists 22 open stores under its retail locations section. The official press release is listed below:

“Mira Loma, CA, March 23rd, 2009 – Active Ride Shop today announced that it has filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court in Riverside. The company is focusing on executing a comprehensive corporate restructuring plan without interruption to business operations.

Active Ride Shop recently announced that it was taking action to address the company’s financial challenges. …  Details

With less than a week to go, St. Thomas Yacht Club is applying finishing touches before the kickoff of the 36th annual International Rolex Regatta on Friday, March 27.

The three-day regatta includes professionally run racing in a spectacular Caribbean setting along with memorable regatta parties for local and visiting teams from the U.S. and Europe. The event also has plenty of fan-friendly offerings. For starters, the public is encouraged to participate in a special regatta celebration at Yacht Haven Grande on Saturday night from 7-11 p.m. Carnival flair is expected when The Spectrum Band, one of St. Thomas’s most popular reggae bands, performs three shows at center stage in the mega yacht marina complex.

‘We’re excited about Saturday night at Yacht Haven Grande,’ regatta co-director Bill Canfield said, explaining that for the first time many of the boats entered will use the elegant mega yacht facility as home base. Others will berth at Yacht Haven Grande’s sister marina, American Yacht Harbor, or moor just off the yacht club. ‘Hosting a big party where our competitors dock is a great addition to the event’, Canfield said, adding that there is no admission for the party, which also offers island fare and regatta merchandise. For racers and visitors alike this will be a prime opportunity to …  Details



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