I empathize with the people and the fashion student participants who have invested their time and worked so hard for the success of RISQ.
I'll be disclosing the reason for cancellation once an official press release has been distributed.
UPDATE as of 11:34am (GMT +8) March 04, 2011:
Here's the official press release from the RISQ management team regarding the cancellation of the fashion show:
*Official Letter from Ideal Events
RISQ Grand Summer Fashion Show Cancelled.
The RISQ Grand Summer Fashion Show will not push through this March 4, 2011 at the World Trade Center. Indios Bravos Multimedia, the producers of the event, has finally pulled the plug on the project two days prior to the show. Indios Bravos Multimedia President and CEO, Kristine Soguilon was not available for comment.
RISQ was indeed a grand plan to bring ten of the top fashion design students into the limelight with an extravagant fashion show. The show could have been the “Fashion Show of the Year” through the artful direction and management of the country’s top director and production team, not to mention the participation of the country’s top-notched artists. RISQ had a powerhouse cast and production team lined up.
Asked to comment on the cancellation, Cristina Guerrero, managing director of Ideal Events International, a 2010 Inspiring Young Filipino Entrepreneur awardee said, “We designed a powerhouse production team for RISQ and were able to bring everything within the discussed budget. It was a surprise to us that the production team was having problems with the checks they received from the producer.”
Carlo Guerrero of Ideal Events International expressed his disappointment about the spate of bad checks and the runaround they were given when it came to keeping up with the payment schedule. Guerrero said, “We are still trying to get in touch with the producer to find out how they intend to settle for damages. Another concern we have right now is how to reward all the hard work the students have put into this event. We’re hoping that things will be resolved soon and that everyone involved will be duly compensated.”