The publisher had good growth in its first few years, and in 2012 they launched TREEbook an eBook format “that featured a time-triggered reading experience that allowed the book to generate multiple story-lines based on things like an individual’s reading pace.” TREEbook however, never became the marketing hit Medallion expected.
On October 18th, the company filed for Chapter 7 Bankruptcy in its home state of Illinois. The publishers assets were listed at $100,001 – $500,000 and stated they had between 200 – 999 creditors.
Shortly after bankruptcy papers were filed, agents and authors began working to revert publishing rights.
