There have been reports the America's Sail Organization based out of New York was going to file bankruptcy. Tuesday, WITN-TV has confirmed with officials from that organization it is *not* true. However, officials did meet Tuesday with several representatives from companies and towns that are owed money from the Pepsi America's Sail event this summer on the Crystal Coast. A spokesperson for the company would not comment on specifics of the meetings, but did say they intend to hold a press conference Wednesday morning. We'll be there and have more on this story Wednesday at six.