Traxi, LLC

Firm to join reorganization efforts

Dicapo is in the process of engaging Traxi, LLC a firm that specializes in restructuring and crisis management. The professionals at Traxi are seasoned and well experienced in dealing with cash strapped companies. They are executives who have first-hand knowledge and experience with the financial challenges their clients face. Moreover, they have access to capital sources and a wide network of contacts that they will contact to assist in the fund raising efforts of DiCapo.

For additional information about Traxi, LLC please visit their website at www.traxi.com

Urgent Appeal for Donations

Matching Contributions

Dear Friend of Dicapo Opera Theatre,

I am writing to announce that Dicapo Opera Theatre will be going on a six-month hiatus, effective immediately. Dicapo Opera Theatre, its Board of Directors and Friends will devote this time to raising $1.2 million to enable the company to pay off its existing debts (over $600,000) and lay the groundwork for the 2013-2014 season.

This has been the most difficult decision I have ever had to make in the 31-year history of Dicapo. As you are all aware, I built this company with my own hands. It is my life. You, our devoted audience—subscribers, ticket-buyers, donors—have always been here to support us, and it is only because of you that we have been able to achieve such extraordinary results. We’ve been called “the closest thing to a mini-Met” in New York.

But times are tough and our contributed income since the crisis of 2008 has been reduced by half.

Over the next six months we are going to explore every possible avenue of support available to us. I realize you are being asked to contribute to excellent causes every day, but Dicapo, which has been a major part of the New York cultural scene, is worth saving. We’ve brought countless evenings of outstanding performances to the public and fostered the careers of hundreds of singers. We now urgently need your help and understanding to raise funds.

Across America major corporate sponsors and donors are bailing out opera companies, orchestras, and dance companies. Dicapo never attracted such major individual donors and corporate sponsors, but instead have relied on each of you. We need to build our fund dollar by dollar.

Your contribution is urgently needed.

If we can pay off the many people who have worked hard and in good faith to keep Dicapo going, then we will be able to build up a fund to plan the 2013-14 season. We are seeking producing partners and looking at several income-producing projects as well. We will keep our education program going during the hiatus and we will continue to present our popular (and modestly lucrative) Opera For Kids series. In addition, we will move forward with touring performances at Tilles Center for the Performing Arts (Long Island University, NY) and Count Basie Theatre (Red Bank, NJ). The course Dicapo will be navigating for the next six months is intended to stave off a bankruptcy filing which, we believe, would result in little or no distribution to creditors and would almost certainly mean the end of Dicapo. I thank you for your support in the past and now in advance for anything you can do to help us.

Please help.

Sincerely,

Michael Capasso, General Director

Here are the many ways you can send in your donation. We accept Mastercard, Visa, American Express and checks:

Online via Paypal:

By phone:
212.288.9438 X14

By mail:
Dicapo Opera Theatre
184 East 76th Street
New York, NY 10021