Amp'd Mobile forced to decide on master service agreement with creditor OpSource

By Jennifer Lanning Drey

Portland, Ore., Aug. 9 - Amp'd Mobile, Inc. must tell creditor OpSource Inc. whether it will assume or reject the master service agreement between the two companies, according to a source familiar with Amp'd Mobile's Chapter 11 case.

The ruling came Thursday from the U.S. Bankruptcy Court for the District of Delaware.

Under the master services agreement, OpSource, a provider of Web application services, stored content and all other data for Amp'd Mobile.

As previously reported, OpSource told the court in an Aug. 2 motion that the uncertainty surrounding Amp'd Mobile's future could force OpSource into an adverse financial position "because it must continue to pay its employees, suppliers and vendors, while having no security that its biggest customer will make payment."

The Amp'd Mobile business constitutes 25% of OpSource's revenue.

Amp'd Mobile, a Los Angeles wireless phone company, filed for bankruptcy on June 1. Its Chapter 11 case number is 07-10739.

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