Chain Reaction?

Chain Reaction?
there is a buzz going around town that Chain Reaction has folded...
I just called
there was no answer
which does not tell me anything

does anyone know the skinny?
I guess I could call or email fellow DCMTB/City Bikes member Eric Welp as he is the program director of Chain Reaction
but that would not be as fun as just speculating and building my ideas of hearsay