rumors that F/X Training Corporation has gone into receivership are inaccurate, said Syd Kessler, president of The Kessler Group, in a prepared statement.

F/X Training has simply been shut down, a bottom-line decision made because that branch of tkg wasn’t meeting financial expectations, says Kessler.

Other arms of tkg – F/X Financial, Kessler Productions, F/X Studios, Canadian Sportfishing Productions and The Conservatory – remain in operation, he says.

Dalton/Kessler Productions, formed in January to handle commercial production and long-form projects, has been shelved indefinitely. Chris Dalton, executive producer at D/K Productions, has revived Dalton Films, the company through which he ran his commercial business before joining tkg.

According to Dalton, the decision was made to reactivate Dalton Films after Kessler informed him of a cash flow problem last month. It was presented as a six-week problem, but since Dalton Films was kept as a separate entity, Dalton says it was easier to simply take it back.

According to Kessler, there have been some layoffs at FX/Corporation because a major contract has been delayed for several months. But work continues with three Fortune 500 companies: U.S. West, Dow Jones, and Wal-Mart.