BUFFALO, N.Y. (WIVB) - Entertainment Coupon Books are a fundraising staple for many Western New York Organizations. However, with the company going bankrupt in early March, many want to know if their coupons will still hold their value.
The Entertainment books are filled with hundreds of coupons to local businesses that cost $25 each. It's an investment, but for the potential savings, many find it worth it.
Former Fundraising Consultant of Entertainment Publications, Matthew Guzzetta said, "The Buffalo area has over $15,000 dollars worth of coupons. A typical family however, probably only uses a small portion of that and saves on average anywhere from $100 to $350 dollars."
The company behind the book, Entertainment Publications filed for bankruptcy March 12th. Its employees have since been terminated and has left various groups who use the books with many questions.
President of the Home School Association, Nora Weil said students at St. Greg's sold the books in the fall.
"We did put together a letter for our families since we did sell a number of these books. There were some families concerned that the coupons may not be usable," said Weil. "We definitely wanted to take care of these families who had purchased the books but our representative with the company has been wonderful throughout and we could contact him with any questions or concerns. It really put us at ease but we also had to make sure if there was a problem we were going to compensate our families."
The big questions remains, if someone bought a book, are they still able to use their coupons?
"All of the contracts that the merchants, restaurants, and various retail stores signed with Entertainment are all still valid," Guzetta said.
Weil suggests for those who plan to use their coupons to call ahead wherever they're going just to confirm they are still accepting the coupons.
She also said it may not be the end of the books entirely according to a former employee she spoke with who said someone could be taking over as early as Monday.
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