T-K Graphics

A mail-order sf publisher and bookseller located in Baltimore, MD and operated by Ted Pauls. It founded in 1972-3, but by 1977 was being accused of not paying royalties by many of its writers and of slow delivery or non-delivery of orders by many customers.

Sometime in 1977 or 1978, Pauls sent a letter to his creditors saying that by 1976 it had 17,000 customers, five employees and was doing $200,000 annual business. At that point, between over-use of credit and poor management decisions, it was $60,000 in debt and unable to keep up with its bills, which meant that it was filling orders slowly, also. To avoid bankruptcy he cut back drastically to about 10% of peak, taking no salary and slowly paying back creditors. He expected to pay everyone back eventually.

T-K Graphics eventually did go bankrupt. By the end of 1979, the State of Maryland was supervising claims against the company.

If you know something that can add to this page, please do so!