For over 2000 years it was the "go to" company in post-life housing and employment but today HELL filed for Chapter 11 and announced will soon be closing its doors. Shares of HELL (NASDAQ) plummeted during the day and closed at $1.20, down from $307.75 at yesterdays high.
HELL founder and CEO , Lucifer Diablo, said at a news conference today that business has been great but the day-to-day costs of operations have taken their toll.
"Year after year, we had continued to bring in more customers. We continually beat quarterly estimates and in fact, business has been so good, we've had trouble processing all the new applicants, said Diablo. "Last year was our busiest year ever for sinner placement. Between all the pedophiles, lawyers, congressmen, IRS agents ,and terrorists, ...we had a record year but we still lost money in the long run."
Energy expert Paul Dennerier said that rising fuel costs played a major role in bringing down the company.
"HELL uses more coal and more oil than all of Europe combined. Even a small increase in fuel prices has a massive impact on their bottom line," Dennerier told us. "HELL use massive antiquated furnaces that burn fuel at an alarming rate as the ovens struggle to maintain high temperatures. HELL failed to reinvest in infrastructure. They needed fuel-efficient furnaces, better flame throwers and more practical torture chambers."
Last April, a glitch in HELL's brand new computer processing system caused a huge backup in Limbo and millions of souls were sent to Pugatory by mistake.
"The fallout from that computer error was catastrophic. We got a lot of bad publicity because of that. We worked hard to build up our bad-boy reputation but when we sent millions of our customers to Heaven by mistake, consumers lose confidence," said Lucifer.
Things got worse for HELL in June when an explosion shut down the main furnace and HELL cooled to a balmy 85 degrees. The shut down forced the closing of HELL's subterranean resorts in Camden,NJ, Atlanta and Detroit causing the layoffs of nearly 18,000 minions. In July, nearly 12,000 post-life coal shovelers, coal-whippers, and maintenance crew were let go when the Gary, Indiana's heat production plant closed without notice.
In a desperate measure to cut costs and avoid bankruptcy , HELL began outsourcing soul placement to China and Africa. HELL's subsidiary, Afterlife Persecution, began opening franchise operations in India.
"Our Indian franchises are doing extremely well," said Lucifer. "Indian furnaces burn rubbish instead of oil and there's plenty of trash there. The streets are literally filled with it.," said Dennerier. "The climate of India is unbearably hot and humid and the swarms of indigenous people provide a stench of garbage ,sewerage and body odor. India is, by its nature.... Hell."