The fall issue of The Drake Magazine was released yesterday. The issue includes an article titled “The Fly Company That Lost – and Blogged It All” written by Geoff Mueller.
Mr. Mueller does his best to bring clarity to a story that continues to unfold. A story where many have declared Idylwilde the “loser” based on nothing but rumor.
I would recommend making the following corrections for accuracy as you read the story:
- The article misstates that the joint venture promised Mr. Tan a 40 percent stake in Idylwilde. I solely own Idylwilde.
- Mr. Tan does not have and never has had a 40 percent stake in Idylwilde.
- Dating back to April 24, 1998, Idylwilde and Mirabel have been partners in a joint venture. Idylwilde has been the exclusive marketing agent for that joint venture ad Mirabel has been the exclusive manufacturer of Idyllwilde’s products. I own 60% of that joint venture.
- I directed the design process for the Chubby Chernobyl to compete with Montana Fly Company’s Amy’s Ant. Mr. Conaty fulfilled his job responsibilities and tied the samples aiding in developing Idylwilde version of Amy’s Ant. Idylwilde’s distribution and onling marketing and branding efforts made the chubby popular.
- Idylwilde attempted to get a temporary restraining order against Mr. Conaty in part to prevent him from competing against Idylwilde while he still owned shares in Idylwilde. Subsequently, the parties reached a mutually acceptable agreement.
I would like to thank all of you out there who have and continue to support Idylwilde, our current staff and me. Idylwilde is certainly in its darkest hour, but I remain confident that in due time, the truth will trump the slings and arrows carelessly and maliciously launched against Idylwilde. In the meantime, I am buoyed by your loyalty to Idylwilde’s brand and the people behind the brand.
A deeply heartfelt thank you to all of you.