Scale Creep Miniatures is reporting on efforts to revive the Flagship Games line.
From their announcement:
We are very excited to announce that Flagship Games is not dead. With a little voo-doo help from the chief headshrinkers here at Scale Creep Miniatures, they are back. All of their rulebooks and miniatures will be available again right here. Rather than see this excellent stable of gaming products disappear, we have acquired the rights to them and will be taking over producing and retailing them here in the US. We hope to be able to announce a UK distributor for the rule books (and perhaps the ships) soon as well.
Please stay tuned for more details.