March 31, 2009

Preorder errors

Atten Trainz customers!!!!
While making room for all the wonderful 2009 items newly offered by Lionel we had to delete some items still available from the 2008 catalogs. While reposting these they listed items that were not available. We have caught this error and are working to correct it. We apologize for any inconvience this may have caused and appreciate your patience while we are correcting this.

March 4, 2009

Lionel 2009 Vol. 1 Catalog Is Here! Pre-Order Now!

The Lionel 2009 Volume 1 Catalog is here! We have all the items from this volume posted on our preorder website (store.trainzpreorder.com). We invite you to browse our website and enjoy special preorder pricing and cash in on the savings with FREE Shipping! The deadline to get your Lionel order in by is April 15th. We will continue to take preorders after the deadline, unless it is released or sold out. Keep in mind, that occasionally Lionel can sell out of an item before it is even released.

If you have never preordered from Trainz, we welcome you! You will find that our service and handling of your order is top priority. Our customer service is top-notch, at anytime that you have a question or concern you can always reach us promptly by email. Please visit our FAQ page for details about our fantastic program.

For questions concerning preorders please contact us at http://support.trainz.com. Or, you may call us at 1-866-285-5840.

When you pre-order from Trainz.com you’ll receive FREE SHIPPING (within the USA)!

Fallout Continues at Märklin

Two Märklin employees have been fired in the wake of the company's insolvency and owner Kingsbridge Capital is refuting allegations it's being investigated by a public prosecutor regarding its role in the company's financial demise.

According to the German business daily Handelsblatt, insolvency trustee Michael Pluta confirmed Karlheinz Menrad, the head of Märklin's Hungarian subsidiary, has been dismissed. Reportedly, Menrad had transferred more than $127,000 to Adler Toy, a holding company owned by the Hardt Group - connected to Kingsbridge - just prior to the declaration of insolvency. Menrad is a managing director of Adler Toy.

Only the German portion of Märklin has declared insolvency.

Also dismissed was Hans Reyher, the company's head of bookkeeping at the Goeppingen, Germany headquarters. Both men were longtime employees.

The firings come amidst reports in the German media of an investigation into the fees paid by Märklin to consultants since Kingsbridge bought it in 1996. According to reports, Pluta said the company might not be insolvent if it hadn't paid the approximately $50.1 million in fees. Kingsbridge has refuted Pluta's claim and might pursue legal action against the administrator.

Authorities in the state of Baden-Wurttemberg, where Goeppingen is located, are also reportedly looking into allegations that Kingsbridge and Goldman Sachs lied about the financial situation of Märklin to get bank financing and that "hush money" was paid to some employees.

One direct effect of the insolvency has been the cutting back of the number of starter sets offered by Märklin GmbH. Dealers were notified in late February the previous list had undergone "a critical analysis" and that 13 sets had been cut, along with one new item.