Head NM assets to be auctioned

The assets of web agency Head New Media are set to be auctioned off

following the firm's official closure.

Co-founder Felix Velarde confirmed that the agency's assets and

equipment will be put up for sale now that the liquidation process has

come to an end.

"The company has now been wound up. All the assets will now get

auctioned off. The company has been dissolved," he said.

Velarde is not allowed to purchase any of the assets himself.

"It's out of my hands. I'm not allowed to buy any of the assets myself,

as it would be seen as not acting properly," he added.