Pocket-lint ran into Phil Wood, Cool-er’s marketing director, and he says that the reader will be back. Wood blamed Cool-er’s putative demise on the British banking system and the fact that “there was a large US retailer that reneged on the second large order”.
Cool-er will now be funded by Elonex and will present 5 new ereaders with the “Elonex Cool-er” brand. They will be marrying firmware from both companies and the new range will contain a full color e-ink unit.
More details in the article.