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Wyatt Watkins

NanoMech’s global campus at 2447 Technology Way in Springdale.
Banking & Finance / Investments / Legal

Arvest Takes Over NanoMech Property in SpringdaleLock Icon

Arvest Bank now owns bankrupt NanoMech’s 20,000-SF headquarters and production facility at 2447 Technology Way in the wake of an Oct. 20 foreclosure sale. read more >
Banking & Finance / Business Services / Government & Politics

NanoMech Uncovers Top Secret DealingsLock Icon

The Delaware bankruptcy of Springdale’s NanoMech Inc. has taken a bizarre cloak-and-dagger turn: Former CEO Jim Phillips, under oath in September, cited “national security” when refusing to answer questions about 46 transactions that its top financial officer knew only as the “CIA arrangement.” read more >
Dan Carroll NanoMech
Investments / Legal

NanoMech Suits ContinueLock Icon

Dan Carroll’s attempt to recoup his $1 million investment in NanoMech Inc. of Springdale will continue in Washington County Circuit Court. read more >
According to allegations of mismanagement and self-dealing against Jim Phillips, the former NanoMech CEO committed the financially struggling company to a Dallas office lease in 2015 and furnished the space with expensive furniture and extravagant artwork, some of which is now missing. Estimated cost of the lease obligation and furnishings to house two employees: Nearly $1 million.
Banking & Finance / Insurance / Legal

NanoMech Investors Pursue Claims of Self-Dealing, More

Accusations of corporate mismanagement against the former CEO of NanoMech, Jim Phillips, have intensified into allegations of self-dealing and securities fraud. read more >
NanoMech’s global campus in Springdale
Investments / Legal / Manufacturing

NanoMech Files for Chapter 11 Reorganization

The Springdale nanotechnology firm estimates both its debts and its assets as between $10 million and $50 million. Documents say the company has struggled through continual losses from operations together with slow revenue growth. read more >
Mel Redman of Redman & Associates in Rogers has a deal to make toys for Walmart stores. | (Photo by Beth Hall)
Legal / Manufacturing / Retail

Chinese Manufacturer Countersues Rogers Executives

Sales Chief Ent. (Hong Kong) Co. LTD has filed a countersuit alleging Redman & Associates CEO Mel Redman and President Rodney Redman committed fraud and defamation. read more >