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Tracey Edwards ad agency closes its doors, won't pay all bills

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By DENIS PAISTE
New Hampshire Union Leader Staff

The prominent ad agency, whose clients included the State Liquor Commission and a nationwide list of banks, will be unable to pay more than $590,000 owed to unsecured creditors, according to the attorney for partners Kevin Tracey and Haden Edwards (above).

Tracey Edwards' web site

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YOUR COMMENTS


I actually used to work at TEC as an Art Director and have seen first hand their maneuvers to try to get out of the position they’re in now—trust me, they did everything they could. Unfortunately TEC was the victim of the bad economy and being in the wrong place at the wrong time. The only thing that’s definite in advertising is that you will lose clients. The circumstances are a little more rough then that in this case but we all move on to bigger and better things—that’s how we grow.
Just to prove that good things do come out of bad a couple of people including myself that used to work at TEC are now here at Mesh Interactive Agency (www.meshagency.com) in Nashua, NH working on integrated marketing.
- Jim Antonellis, Nashua, NH

I have know Kevin and Hayden professionally and personally for 15 years. They were always honest and trustworthy and I am sure it was very difficult to let their talented staff go. Money is money but their team was their family. Good luck in your next venture.

Your friend Jim
- Jim Anderson, New York, NY

This is what happens when companies try to get bigger then they should, TEC had no business trying to break into the Boston ad market, that was just poor planning. Via group tried the same thing and quickly realized their mistake.

Oh well, I wonder how they would feel if a client stiffed them for over $500k?
- Randall Jackson, Concord, NH

Not enough can be said for this firms outstanding talent. They were worth every penny. Hayden Edwards & Kevin Tracey treated my company with the utmost respect. If I needed help they were more than willing to give it. I will back them & wish them the best of luck in the future.
- Dan Paul, Manchester

This is outrageous and unacceptable, they need a bailout!!
- Harry, Atkinson

The cost of those hundred dollar hairdos will add up and get you.
- Dee, Chicago, IL

Couldn't have happened to 2 nicer guys.

Unfortunately, the "heartbreaking" experience of laying off their employees did not extend to actually telling any of them when it happened or giving them more than an hour's notice.

And Jim from Hooksett, the work you refer to was done by another company under the auspices of TEC. Your complaint is with that person, not TEC.
- Mike, Manchester

I've known Kevin and Hayden for quite a few years now and they are honestly outstanding individuals. Prior to closing, they had tried a number of different things to reduce costs so they would be able to continue to pay their employees- something that is rare among execs these days.
Where is Obama on this one! I suppose if they were immigrants of some sort they'd be all set.
- James Harnden, Manchester, NH

Perhaps the Hooksett town administrators can finally pull the free advertising they have been doing for TEC (after paying TEC about $20K for their design) from the official Hooksett town website?
- Jim M, Hooksett, NH

Hooksett paid TEC around $20K for their small website design for reasons I can't understand to this day. Perhaps Hooksett town hall will finally take down the free advertising they have run for them on the official town website since the beginning .. which I have mentioned to our town administrators is completely inappropriate .. especially after paying them handsomely for their services.
- Jim M, Hooksett, NH

I'm sure they're wonderful people. Wonderful people who owe other wonderful people a lot of money. As a NH Liquor Store consumer (ie taxpayer) I hope the NHSLC wasn't stiffed. Maybe if they hadn't felt the need to open an office in hyper-expensive Boston, they'd still be in business. Best of luck anyway.
- Will, Lebanon

Sorry to hear the economy has buried another great company. TEC handled my advertising for many years and I couldn't have been happier. It's a sad day.
- craig cole, salem

Working with the Tracey Edwards agency a few years ago was such a pleasure for me and I wish them every success in the future. This recession hits home everyday. Hoping for better times ahead.
- Elaine Lascher, Grantham NH

I worked in the same building, f/k/a the NYNEX building/City Hall Plaza, with Kevin and Hayden. I really enjoyed them both. Kevin is a fine man, as well as a talented piano player (close to my heart), and Hayden is the epitome of extreme, explosive creativitiy in his own right. A true testament to how opposites attract, and the electricity between them transform to a creativitiy equalled by none.

The best four years of my life were spent working for the bank in that building from '94 to '98, and I have never forgotten either of them. My best wishes to both of them and the talented employees they entrusted.
- Lisa Bethune, Manchester, NH

Best of luck to you and your former employees in the future.

I hope the economy gets better and your advertising skills help New Hampshire businesses and other businesses increase their sales in our country and other countries.
- Ken Stremsky, Manchester, NH

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