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While an option to continue the relationship was proffered, the renewal terms offered by Lionel for an extension beyond 2019 were not conducive for any future M.T.H. tinplate plans. ScaleTrax™ by M.T.H. Electric Trains is the ultimate track system that detail-oriented 3-rail modelers have been looking for. No longer will an O Gauge modeler have to accept excessively tall or heavy-looking track, because ScaleTrax offers maximum accuracy and the exceptional quality of M.T.H. products. It’s perfect for creating an authentic looking 3-rail layout. ARIZONA -- A 2-year-old boy was killed and another child was injured when a strong gust of wind sent a bounce house they were playing in flying into the neighboring lot, according to police.
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The crash occurred on Watt Way and Exposition Boulevard in the Exposition Park neighborhood around noon, local time, according to the Los Angeles Fire Department (LAFD). M.T.H. owner Mike Wolf is deeply indebted to all of M.T.H.'s loyal customers over the past 41 years as he embarks on retirement. He and all those who remain at M.T.H. Electric Trains are especially grateful for the hobby's support over the past 12 months and look forward to the continued interest by all M.T.H. fans as new releases are announced.
MTH Trains
By 1998, MTH was the largest manufacturer of O gauge trains, eclipsing Lionel's market share by approximately $60 million to $50 million. M.T.H. evolved in the late 20th century as a modern distributor of well detailed locomotives which they designed and were manufactured by Samhongsa in Korea. M.T.H. also produced Lionel authorized Standard gauge tinplate reissues while at the same time posing a major challenge to Lionel for market share.
HO SCALE
From the few things i read it appears that MTH didn't directly say he was going out of business per se, but he appears to be skating about 1/4" inside the law. The “last chance to buy uncatalogued item” sales for MTH worked very well. In late 2007, Lionel and MTH settled their long-term fight over trade secrets and patent infringements. In March 2008, the court approved a settlement, which has its details under court seal, that includes a one time cash payment to MTH that will take place soon after Lionel exits bankruptcy.
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The new products will include select RailKing and Premier O gauge models and occasional production of RailKing One Gauge G Scale models. The Lomita Railroad Museum doesn't have that many full-size train cars, but they have a really cute depot building modeled after a station in Wakefield, Massachusetts. They do have a 1902 Southern Pacific Steam Locomotive and Tender and a 1923 Union Oil Tank Car.
News reports from the fall of 2004 estimated MTH's annual sales at closer to $30 million.[citation needed] As a privately held company, MTH does not officially release sales figures. In its 2007 reorganization plan, Lionel estimated MTH's annual revenue at about $30 million and stated that MTH is the second-largest manufacturer of O gauge trains in terms of market share. MTH has also traded lawsuits with Quantum Sound Industries, whose technology is used to add electronic sound to model locomotives from various manufacturers. MTH's critics also say the company patented some elements of DCC, which was supposed to be an unencumbered open standard. When Williams decided to end its line of Lionel Standard gauge and O gauge reproductions, Wolf bought the tooling and continued building the replicas. Although many published reports have stated that Williams had acquired original Lionel tooling, both Wolf and Jerry Williams deny this claim.
If you want to see the indoor exhibits on a weekday, you can book a private tour. Lionel three-rail 'O' gauge track dates to 1915, and the technology that necessitated the creation of a center rail has long ago been surpassed. M.T.H. offered many of its high-end 'O' gauge locomotives in a convertible 2-rail/3-rail configuration. To change a locomotive from one type of track to the other, all that's involved is the removal or addition of center-rail pickup rollers and the flip of a slide switch discreetly located on the locomotive.
But you don't have to be taking a train to appreciate the beauty of the building, especially its interior. There are walking tours offered once a month by the LA Conservancy. If you have a fascination for trains, whether historic or modern, full size or models, Los Angeles has museums and attractions to feed your railroad fantasies. As strange as it might seem, in 2009, Lionel Electric Trains (Lionel, LLC) and M.T.H. Electric Trains began working together under the Lionel Corporation banner. This time around the two joined forces, allowing M.T.H. Trains to produce the Lionel tinplate electric trains with the official graphics.
Mike's Train House (MTH) to go Out of Business
The number dropped to $7.8 million in 1998, $6.2 million in 1999, and less than $1 million in 2000 on sales of $60 million. Between 2000 and 2003, according to Wolf, sales fell by $20 million, triggering the layoff of about 50 M.T.H. employees. By June of 2004, M.T.H. had 57 employees and annual sales of about US$40 million.
M.T.H. Electric Trains, also known as Mike's Train House, operated as an American toy train and model railroad designer, importer, and manufacturer, based in Columbia, Maryland as a privately held company. M.T.H.'s founder, Mike Wolf, started assembling and selling model trains at the age of 12 in 1973 for Williams Electric Trains, which had begun producing reproductions of trains manufactured by Lionel Corporation in the early 1970's. Wolf first saw his life's work stretch out in front of him in 1977, the day Williams enlisted his help at the TCA Eastern Division's York, Pa., train show, the biggest on the railroading calendar. Hobbyists flock there to talk, to see the latest models, to fill the trunks of their cars with engines and box cars and accessories. Jerome Williams would position Mike Wolf behind the parts table, where the line often snaked practically out of sight. Wolf, who got to keep 10% of the take, remembers selling $150,000 worth of parts at a single weekend show.
M.T.H. also issued more contemporary versions of Lionel pre-war era Standard gauge models by applying updated prototypical paint schemes to non-prototypical trains. From 1983 to 1987, M.T.H. marketed the reproduction trains on its own. Business was good, and a headquarters was established in a business complex in Columbia.
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