ProdecoTech Sold to PayMeOn

http://www.bicycleretailer.com/north-america/2014/11/21/e-bike-maker-prodecotech-agrees-be-acquired-paymeon-inc#.VJkE86ACaA

"Despite spending millions of dollars in development, CEO Cespedes said Friday that the company, PayMeOn, has yet to bring its "social income" product to market given the complexities and the potential size of the market.

"Our primary focus right now is Prodeco," Cespedes said. "We love the space. We think it's got a mile and a half to grow — make that a hundred miles."

Sounds like not much will change with the company.. still smells scummy over there in prodeco land!

Though their new long wheelbase fatbike IS pretty cool.

I hope prodeco told their customers the company has been sold.