Genio's board of directors shut down the operations of the company in January.  The actions come in the wake of the departure of the Susan Eisner, the company's president, in November; and the departure of three members of the board of directors, the CFO and the CEO (who had only been with the company since November) in January.  Those actions took place after the company revealed that it had incorrectly reported its sales and that it was going to have a $900,000 sales hit from returns (see 'Genio Expects Returns Hit').  The company's accounting firm also filed a letter with the SEC stating that the officers of the company had represented to the accountants that the sales were non-returnable.   

 

Genio produced card games based on Marvel characters and Mighty Beans, had plans to produce a CCG based on Stargate SG-1, and had obtained a license to produce and distribute an American version of Myths and Legends, a Chilean CCG that has been very successful in Spanish-speaking countries.