Mysterian goes bust

Transcript of Malky statement to Donald Pollock for BBC Highland
Wed 22 September 2004

> What's your reaction to the news?

We are very sad that we've had to cease trading, and make our team redundant this week.

We created a very exciting wee software company in the Western Isles which is a great place to live and work, and have provided excellent jobs over the last couple of years - we were completely committed to doing this in the Western Isles and had good support from the Royal Bank and Western Isles Enterprise.

The Western Isles economy needs companies like Mysterian - and we are really disappointed that we have not managed to realise our full potential - we think we were actually very close to making it work.


> What went wrong?

Well, in fact we have done a lot of the right things. we have put together a good team of talented people, we have developed products which solve problems for specific clients, and we intended to take the intellectual property which we have created and market it more widely.

But as anyone who has been in business will know, you have a limited amount of time and resources to do what you need to do. We had projects and contracts which we hoped would realise enough cash soon enough for us to continue too expand but several of these took longer than we expected to materialise.

It is pretty chastening when you hit the wall, and I'm afraid thats what has happened to us.

We certainly haven't been doing nothing over the last couple of years and I hope that what we have created will still bear fruit in the future.

Like I say, the Western Isles needs companies like Mysterian.