Posted on their website :
STATEMENT BY CYBERREBATE.COM, INC.
Wednesday, May 16, 2001; 11:00am EDT
CyberRebate.com, Inc., an on-line retailer headquartered in Long Island, NY, filed for bankruptcy protection under Chapter 11 in the Eastern District of New York at 10 a.m. today.
As of the filing time, CyberRebate.com suspended operations on its Web site.
Questions regarding customers, vendors and others affected by today's action will be resolved as the bankruptcy process proceeds.
Sadly, most employees were released this morning. A small staff will remain to take the company through bankruptcy.
More information will be available once the bankruptcy process gets underway.
Customers will be contacted regarding their rights and remedies.