IMS shipped the first IMSAI 8080 kits on December 16 1975. In 1976, IMS was renamed to "IMSAI Manufacturing Corporation" because by then they were a manufacturing company, not a consultancy one. By October 1979 the IMSAI corporation had gone bankrupt, and the 'IMSAI' trademark was acquired by Thomas "Todd" Fischer and Nancy Freitas (former early employees of IMS Associates), who continued manufacturing the computers under the IMSAI name as a division of Fischer-Freitas Co. Support for early IMSAI systems continues to this day.