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Electrix going out of business?

I mailed Zzounds.com to see if they'd match the $99 price on Electrix rack effects. This was the reply I got. Can anyone confirm?
 
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Unfortunately, we cannot compete with a price that is below dealer cost for this item. This is an unusual situation, so please try The Spy again.

Special Comment:
Sorry to say but Electrix is going out of business and did not include us in their inventory liqiudation.  Thanks the Spy

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