LOS ANGELES – Pleasure products manufacturer Topco Sales is “100-percent immune” from its former parent company’s impending bankruptcy filing, Topco executives said Thursday. Vast Resources relinquished ownership of Topco to WSM Investment in 2012, they noted.
Thursday’s official statement followed Vast Resources’ distribution of detailed financial data in March. According to Topco execs, Topco Sales and WSM Investment are neither financially nor legally obligated to Vast or its customers and vendors.
“While certainly alarming, the financial distress outlined in [Vast’s March 25] notice has no connection to Topco Sales and its current ownership, nor does it affect any part of our current business operations, including relationships with our vendors,” Topco Sales Chief Operating Officer Autumn O’Bryan said. “We are sorry to have learned of the concern and confusion that this has caused and, as with all aspects of our business, Topco Sales is committed to transparency and eager to address these important issues personally.”
Founded in 1972, Topco sales is the manufacturer behind products bearing some of the most recognizable brand names in adult entertainment, including Penthouse, Climax and Farrah Abraham collections. The company developed CyberSkin, a phthalate-free, silicon-based substance that mimics the texture and elasticity of human skin. Topco creates everything from vibrators to lubricants and personal-care cosmetics for mass-market and private-label distribution.
“The team and I became aware of Vast Resources’ bankruptcy notice and its unfortunate misinterpretation recently, and we’re addressing the issue personally and industry-wide,” O’Bryan said. “Please feel free to contact me to continue the conversation or visit the new Topco Sales booth at the upcoming ANME Founders show to see us in person.”
For more information or to schedule an in-person meeting during the ANME Founders Show July 17-19 in Burbank, Calif., email O’Bryan.
