XLR8 is up for sale following the Chapter 11 bankruptcy of its US parent company, Interex. Interex Europe is to concentrate on the distribution of XLR8 upgrade cards, Macworld can reveal exclusively.

The company may adopt a new trading name, as its connection with its US parent company is severed.

Interex Europe president, Simon Ellson, told Macworld: "This new path has been forced on us by the disappearance of 50 per cent of our sales as a result of Interex US's insolvency, as well as the imminent sale of XLR8."

Ellson added: "XLR8 is profitable and the firm is for sale at this time. We can reassure European customers that supplies of XLR8 products will not be interrupted."

Ellson told Macworld that "discussions have already commenced with investors interested in buying XLR8, a wholly-owned subsidiary of Interex US".

Industry insiders say Interex Europe will be tied-up with the sale of XLR8, and will concentrate on distributing XLR8 products in Europe, as well as sourcing fresh products to distribute.

His revelations follow earlier reports that Interex Europe would remain unaffected by the fate of its US-parent company.