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        T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

            Tuesday, February 27, 2007, Vol. 8, No. 41

                            Headlines


A U S T R I A

AIH LLC: Claims Registration Period Ends April 10
AMSTATTER LLC: Claims Registration Period Ends March 7
CITY LINER: First Creditors' Meeting Slated for March 14
FLECK LLC: Claims Registration Period Ends March 20
KAINZ & KIRCHMAYER: Claims Registration Period Ends April 2

KODIM KEG: Claims Registration Period Ends April 2
WILHELM CAHA: Claims Registration Period Ends March 28


C Z E C H   R E P U B L I C

LG.PHILIPS: To Sell Czech Display Plant to CTP Invest for EUR40M


D E N M A R K

BIOSCAN A/S: Odense Court Orders Liquidation; Shares Halt Trade
TDC A/S: Annual General Meeting Slated for March 15


F R A N C E

ALCATEL-LUCENT: Inks IP/MPLS Network Deal with Armenian Datacom
ALCATEL-LUCENT: Alliances Director Named to WiMAX Forum Board


F I N L A N D

CLEAR CHANNEL: Fourth Quarter 2006 Revenues Rose to US$1.94 Bln


G E R M A N Y

ALSEKO AUTOMATION: Claims Registration Period Ends April 2
ALUMINIUM-SYSTEME: Claims Registration Period Ends April 16
BENQ CORP: Mobile Unit's Assets to Be Split Up & Liquidated
BOETTCHER JUNG: Claims Registration Period Ends March 16
BROEDNER'S GOLDBROILER: Claims Registration Period Ends March 28

CAPITOL TEXTILHANDEL: Claims Registration Period Ends March 29
CONANTE ADVANCED: Claims Registration Period Ends March 30
CREATIV-TECHNIK: Claims Registration Period Ends April 3
DAIMLERCHRYSLER: Chrysler's Bidding Process May Start This Week
DAIMLERCHRYSLER AG: Hyundai Denies Interest in Chrysler Purchase

DAIMLERCHRYSLER AG: Predicts Drop in 2007 Sales for Truck Arm
DIE EINRICHTUNG: Claims Registration Period Ends March 31
DOCEDUCATION GMBH: Creditors' Meeting Slated for March 29
ESP GEBAUDEMANAGEMENT: Claims Registration Period Ends March 2
FASSADEN GMBH: Claims Registration Ends April 10

FESO FENSTER: Claims Registration Ends March 9
GEIS UND PARTNER: Claims Registration Period Ends March 22
GOLFOUTLETSTORES GMBH: Claims Registration Ends March 30
IBIZA-SUN BRAUNUNGSCENTER: Claims Registration Ends March 29
KLINIK AM KURPARK: Claims Registration Period Ends March 9

L & V BAU: Claims Registration Period Ends March 26
MCMO GMBH: Claims Registration Period Ends March 20
MSG STEUERBERATUNGSGESELLSCHAFT: Claims Deadline Set March 26
OWS-PROJEKTBAU GMBH: Claims Registration Ends March 19
OXMOX GMBH: Creditors' Meeting Slated for April 10

P & P WOHNUNGSBAUGESELLSCHAFT: Claims Registration Ends April 3
PARTNER BAU: Claims Registration Ends March 12
PERA BAU: Creditors' Meeting Slated for April 13
PROF. LAUERMANN: Creditors Must Register Claims by March 30
PROSIEBENSAT.1 MEDIA: Earns EUR240.7 Million in Fiscal 2006

ROMA ROHRLEITUNGS: Creditors Must Register Claims by March 10
SCHAFBERGER GMBH: Creditors Must Register Claims by April 23
SRS INGENIEURBUERO: Creditors Must Register Claims by April 14
SUN HOTELREINIGUNG: Creditors Must Register Claims by April 2
TEK PROJEKTBAU: Claims Registration Ends May 15

V IM FORUM: Claims Registration Ends April 3
VALLEY VILLAGE: Claims Registration Ends April 4
WERBESTUDIO NORD: Claims Registration Ends March 23
WITZKE BAUSERVICE: Claims Registration Ends March 26


I R E L A N D

DEALES MORTON: Enters Into Receivership Procedure
SCOTTISH RE: Facing Bankruptcy Absent MassMutual/Cerberus Deal


I T A L Y

ALITALIA SPA: Italy Hikes Offered Stake to 39.9%; Amends Terms
ALITALIA SPA: Shareholders Confirm New Board of Directors
FIAT GROUP: Orders for Bravo Model Reaches 8,000 Units


K A Z A K H S T A N

CAV LLP: Creditors Must File Claims by April 6
INEMA LLP: Claims Filing Period Ends April 6
MUKAN TOLEBAEVA: Proof of Claim Deadline Slated for April 6
RABANI LLP: Claims Registration Ends April 6
REDO LLP: Proof of Claim Deadline Slated for April 6


K Y R G Y Z S T A N

M. STAR-TRAVEL: Claims Filing Period Ends April 6


N E T H E R L A N D S

LG.PHILIPS: To Sell Czech Display Plant to CTP Invest for EUR40M


R U S S I A

CENTERTELECOM OJSC: Pays Fifth Coupon on Series 04 Bonds
DOROZHNIK OJSC: Asset Sale Slated for March 2
ENERGO-SBYT CJSC: Bankruptcy Hearing Slated for April 11
GOLDEN WOOD: Court Starts Bankruptcy Supervision Procedure
KOLPINSKAYA INVESTMENT: Creditors Must File Claim by March 3

KORONA-LAK CJSC: Moscow Bankruptcy Hearing Slated for June 5
LADOGA CJSC: Creditors Must File Claims by March 3
LEN-SHOES CJSC: Creditors Must File Claim by March 3
MAGISTRAL' CJSC: Creditors Must File Claim by March 3
MDM BANK: Retail Loan Portfolio Exceeds US$1 Billion

MIKHA CJSC: Creditors Must File Claims by March 3
MOBILE TELESYSTEMS: Moscow Court Voids RUR1.22-Bln Tax Claim
MOBILE TELESYSTEMS: Names Pavel Pavlovsky to Head Ukrainian Unit
NEVSKAYA TRANSPORT-ENERGETIC: Claims Filing Period Ends March 3
NORTH-WEST-FINANCE: Creditors Must File Claim by March 3

OKHTINSKAYA DOCKYARD: Creditors Must File Claim by March 3
OTRADNOVSKIY WOOD-PROM-KHOZ: Claims Filing Period Ends March 3
TRANSNEFT OAO: To Issue US$1-Billion Bonds at Record-Lowest Rate
URAL-ENERGO-STROY: Creditors Must File Claims by April 3
WEST-LINE CJSC: Creditors Must File Claims by March 3

YUKOS OIL: Could Lose US$13 Billion in Equity Sale, Report Says

* Krasnoyarsk Bankruptcy Cases Rise by 320% in 2006


S W E D E N

ARROW ELECTRONICS: Earns US$388 Million for Full Year 2006


S W I T Z E R L A N D

BWF ERWACHSENENBILDUNG: Bern Court Suspends Bankruptcy Process
DACH UND WANDBAUSYSTEME: Court Suspends Bankruptcy Proceedings
ELEGANZA PAVONE: Claims Registration Period Ends March 7
FINDUSTRIA JSC: Creditors' Liquidation Claims Due March 12
JOST JSC: Bern Court Closes Bankruptcy Proceedings

MS EMESCO: Creditors' Liquidation Claims Due March 12
PURE VISUALS: Bern Court Closes Bankruptcy Proceedings
SEKI GASTRO: Claims Registration Period Ends March 7
SOLUTION4WEB LLC: Creditors' Liquidation Claims Due March 14
STETTLER JSC: Creditors' Liquidation Claims Due March 15


U K R A I N E

DAF LLC: Creditors Must Submit Claims by March 9
INTERSTROY LLC: Claims Submission Deadline Set March 9
KARICH-GAZ: Claims Submission Deadline Set March 9
MOBILE TELESYSTEMS: Names Pavel Pavlovsky to Head Ukrainian Unit
MTF LLC: Claims Submission Deadline Set March 9

SOVETSKOE REPAIR-TRANSPORT: Claims Filing Deadline Set March 9


U N I T E D   K I N G D O M

ADVANCED MARKETING: Court Grants Final Access to DIP Financing
ADVANCED MARKETING: Gets Final Access to Use Cash Collateral
ANGLOWIDE LEISURE: M. D. Hardy Leads Liquidation Procedure
ANKALAD SAFETY: Appoints Jonathan Lord as Liquidator
BLACKSTREET PROPERTY: Creditors' Meeting Slated for March 6

BRITANNIA LIFT: Claims Filing Period Ends March 21
BROOKS SERVICE: Administrators Implement Shutdown in Four Sites
CENTRAL MUSHROOMS: Names Stephen John Tancocks Liquidator
CENTREICE LTD: Hires Liquidators from Wilson Field
COLLINS & AIKMAN: Files Solicitation Versions of Amended Plan

COLLINS & AIKMAN: Files Amended Solicitation Procedures
E S CONSULTING: Creditors Confirm Liquidator's Appointment
EMI GROUP: Buyout Firms Eye Possible Takeover Deal
EUROCOM GB: Creditors' Meeting Slated for March 7
EXCHANGE CLEANING: Claims Filing Period Ends May 14

FANTASY PUBLICATIONS: Creditors' Meeting Slated for March 6
GETTY IMAGES: Gets Notice of Event of Default for Filing Failure
GETTY IMAGES: To Acquire WireImage for US$200 Million in Cash
HOLLAND CLARKE: Names Liquidator to Wind Up Business
I SPY: Creditors' Meeting Slated for March 7

KBG CONSULTING: Creditors' Meeting Slated for March 6
KIELDER PLUMBING: Creditors' Meeting Slated for March 6
MAGENTA ONE: Taps Smith & Williamson to Administer Assets
MATRAD LTD: Names T. Papanicola as Administrator
MULTIPLEX MEDWAY: Creditors' Meeting Slated for March 7

NMI SECURITY: Debt & Lack of Funds Send Firm Into Liquidation
NONNA CAPPUCCINIS: Appoints Jeremy Frost as Administrator
ORIJIN LTD: Appoints Joint Administrators from Vantis
OVERSON LTD: Taps Recovery hjs as Joint Administrators
PARIS EXPRESS: Taps Duncan Roderick Morris as Administrator

PROFILE PURSUIT: Brings In Administrators from UHY Hacker Young
PWC LTD: Taps Matthew Colin Bowker to Liquidate Assets
RAW INTERIOR: Claims Filing Period Ends March 23
REACH GB: High Court Orders Winding-Up Following CIB Probe
REMNANT MEDIA: Creditors' Meeting Slated for March 6

SAP RESTAURANTS: Appoints Paul Anthony Saxton as Liquidator
SDH CONSULTING: Joint Liquidators Take Over Operations
SEATECH INTERNATIONAL: Taps Laurence Russel to Administer Assets
SPIRE AIRVENT: Appoints Administrator from K J Watkin
STEPHENSON & JONES: Creditors' Meeting Slated for March 5

STOCKBRIDGE AIRCO: Brings In BWC to Administer Assets
SUNCORP APPLIED: Appoints Administrators from Begbies Traynor
TRAVEL DIRECTORY: Creditors' Meeting Slated for March 6
TRAVEL5LIVE LTD: Brings In C. B. Barrett to Liquidate Assets
TRL COMPLIANCE: Claims Filing Period Ends March 9

VIRGIN MEDIA: Anticipates Withdrawal of Sky's Basic Channels
WATERGATE INNS: Creditors' Meeting Slated for March 6
WEMBLEY PLAYCRAFT: Claims Filing Period Ends March 30
WORKFORCE LABOUR: Creditors' Meeting Slated for March 5

* Large Companies with Insolvent Balance Sheets

                            *********

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A U S T R I A
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AIH LLC: Claims Registration Period Ends April 10
-------------------------------------------------
Creditors owed money by LLC AIH (FN 116857z) have until April 10
to file written proofs of claim to court-appointed estate
administrator Petra Klingenschmid at:

         Mag. Petra Klingenschmid
         Wassergasse 20
         2500 Baden
         Austria
         Tel: 02252/252991
         Fax: 02252/252991-25
         E-mail: office@aurednik.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:30 a.m. on April 24 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Wiener Neustadt
         Room 12
         Wiener Neustadt, Austria

Headquartered in Unterwaltersdorf, Austria, the Debtor declared
bankruptcy on Feb. 8 (Bankr. Case No. 11 S 15/07b).


AMSTATTER LLC: Claims Registration Period Ends March 7
------------------------------------------------------
Creditors owed money by LLC Amstatter (FN 97972b) have until
March 7 to file written proofs of claim to court-appointed
estate administrator Ferdinand Bruckner at:

         Dr. Ferdinand Bruckner
         c/o Dr. Elisa Zonsics-Kral
         Schubertstrasse 10/3/5/9
         2100 Korneuburg
         Austria
         Tel: 02262/72 9 39
         Fax: 02262/729 39 15
         E-mail: bruckner@raedrb-drz.at
                 widhalm@raedrb-drz.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:30 a.m. on March 21 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Korneuburg
         Room 204
         Second Floor
         Korneuburg, Austria

Headquartered in Korneuburg, Austria, the Debtor declared
bankruptcy on Feb. 8 (Bankr. Case No. 36 S 17/07b).  Elisa
Zonsics-Kral represents Dr. Bruckner in the bankruptcy
proceedings.


CITY LINER: First Creditors' Meeting Slated for March 14
--------------------------------------------------------
Creditors owed money by LLC City Liner (FN 263654b) are
encouraged to attend the first creditors' meeting at 11:40 a.m.
on March 14.

The creditors' meeting will be held at:

         The Land Court of Leoben
         Hall 4
         First Floor
         Leoben, Austria

The Court will also examine the claims at 10:15 a.m. on
April 11, at the same venue.

Creditors have until March 20 to file written proofs of claim to
court-appointed estate administrator Gernot Prattes at:

         Dr. Gernot Prattes
         Hauptplatz 23
         8600 Bruck an der Mur
         Austria
         Tel: 03862-51317
         Fax: 03862-53797
         E-mail: info@ziszik.at

Headquartered in Leoben, Austria, the Debtor declared bankruptcy
on Feb. 7 (Case No. 17 S 12/07v).


FLECK LLC: Claims Registration Period Ends March 20
---------------------------------------------------
Creditors owed money by LLC Fleck (FN 176778v) have until
March 20 to file written proofs of claim to court-appointed
estate administrator Norbert Scherbaum at:

         Dr. Norbert Scherbaum
         Einspinnergasse 3
         Second Floor
         8010 Graz
         Austria
         Tel: 0316/832460
         Fax: 0316/832460-20
         E-mail: office@scherbaum-seebacher.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 4:00 p.m. on March 29 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Graz
         Hall L (Room 230)
         Second Floor
         Graz, Austria

Headquartered in Hirnsdorf, Austria, the Debtor declared
bankruptcy on Feb. 8 (Bankr. Case No. 25 S 13/07k).


KAINZ & KIRCHMAYER: Claims Registration Period Ends April 2
-----------------------------------------------------------
Creditors owed money by LLC Kainz & Kirchmayer (FN 58598z) have
until April 2 to file written proofs of claim to court-appointed
estate administrator Hannelore Pitzal at:

         Dr. Hannelore Pitzal
         c/o Dr. Wolfgang Pitzal
         Paulanergasse 9
         1040 Vienna
         Austria
         Tel: 587 31 11
         Fax: 587 87 50 50
         E-mail: office@heller-pitzal.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:00 a.m. on April 16 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1705
         Vienna, Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Feb. 8 (Bankr. Case No. 3 S 20/07x).  Wolfgang Pitzal
represents Dr. Pitzal in the bankruptcy proceedings.


KODIM KEG: Claims Registration Period Ends April 2
--------------------------------------------------
Creditors owed money by KEG Kodim (FN 146479k) have until
April 2 to file written proofs of claim to court-appointed
estate administrator Kurt Bernegger at:

         Dr. Kurt Bernegger
         c/o Mag. Waltraud Kohlfuerst
         Jaquingasse 21
         1030 Vienna
         Austria
         Tel: 01/799 15 80
         Fax: 01/796 59 14
         E-mail: kanzlei@bernegger-wt.com
                 w.kohlfuerst@bernegger-wt.com

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:15 a.m. on April 16 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1705
         Vienna, Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Feb. 8 (Bankr. Case No. 3 S 21/07v).  Waltraud Kohlfuerst
represents Dr. Bernegger in the bankruptcy proceedings.


WILHELM CAHA: Claims Registration Period Ends March 28
------------------------------------------------------
Creditors owed money by LLC Wilhelm Caha (FN 135477g) have until
March 28 to file written proofs of claim to court-appointed
estate administrator Katharina Widhalm-Budak at:

         Dr. Katharina Widhalm-Budak
         c/o Dr. Klemens Dallinger
         Schulerstrasse 18
         1010 Vienna
         Austria
         Tel: 513 10 37
         E-mail: widhalm-budak@anwaltsteam.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:30 a.m. on April 11 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1707
         Vienna, Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Feb. 7 (Bankr. Case No. 2 S 19/07t).  Klemens Dallinger
represents Dr. Widhalm-Budak in the bankruptcy proceedings.


===========================
C Z E C H   R E P U B L I C
===========================


LG.PHILIPS: To Sell Czech Display Plant to CTP Invest for EUR40M
----------------------------------------------------------------
LG.Philips Displays is selling its cathode-ray tube factory in
the Czech Republic for EUR40 million to business parks developer
CTP Invest, Bill Rochelle, the bankruptcy columnist for
Bloomberg News, reports.

LG.Philips Displays Holding B.V. is the European holding company
for Hong Kong-based LG.Philips Displays.  On Jan. 27, 2006,
LG.Philips Displays Holding B.V. filed for insolvency protection
along with its Dutch subsidiary, LG.Philips Displays Netherlands
B.V., and its German subsidiary in Aachen due to worsening
conditions in the CRT marketplace and unsustainable debt.

Less than two months after the insolvency filings in Europe, the
company's U.S. unit, LG.Philips Displays USA Inc., filed a
chapter 11 petition in the U.S. Bankruptcy Court for the
District of Delaware on March 15.

As reported in the Troubled Company Reporter-Europe, the
LG.Philips Displays group had scaled down its cathode ray tube
production after the market saw an increase in demand for new
flat panel televisions, including liquid crystal display and
plasma televisions.

                    About LG.Philips Displays

Headquartered in Hong Kong, LG.Philips Displays --
http://www.lgphilips-displays.com/-- manufactures cathode ray
tubes for use in televisions and computer monitors.  The company
produces one in every four television and computer monitor tubes
sold.  Making use of its global manufacturing infrastructure, it
provides regional supplies to top TV and monitor brands
worldwide.  LG.Philips Displays continues to be committed to the
CRT industry and will maintain a strong profile based on its
competitive operations and innovative, high-quality products.


=============
D E N M A R K
=============


BIOSCAN A/S: Odense Court Orders Liquidation; Shares Halt Trade
---------------------------------------------------------------
The Bankruptcy Court in Odense ordered the liquidation of
Bioscan A/S, Bill Rochelle, the bankruptcy columnist for
Bloomberg News, reports.

The company revealed it could not afford to pay professional
administrative expenses.

On Feb. 21, the Copenhagen Stock Exchange delisted Bioscan's
shares with ISIN code DK0010147065Bioscan after the Danish court
declared the company bankrupt.

Headquartered in Odense, Denmark, Bioscan A/S --
http://www.bioscan.dk/-- is engaged in the marketing, planning
and development of technologies for the treatment of biological
products.  It specializes in third-generation biogas plants,
separation plants, wastewater treatment and water purification.
It markets and sells concepts along with licenses, as well as
securing processing plants through management contracts.
BIOSCAN's product portfolio includes: BIOREK, a biorefinery
plant that converts organic waste into environmentally friendly
green energy, clean potable water and natural fertilizers;
Biogas, which converts organic waste to a renewable energy
source; Lactascan, which offers a process for the production of
lactic acid from whey, and Waste Reduction Europe, which
provides a method for the sterilization of infected organic
material.  BIOSCAN owns the subsidiaries Bioscan Engineering A/S
and LACTASCAN ApS.


TDC A/S: Annual General Meeting Slated for March 15
---------------------------------------------------
The Board of Directors of TDC A/S invites the Company's
shareholders to attend the Annual General Meeting, which will be
held at 4:00 p.m. (CET) on March 15 at:

         Radisson SAS Falconer Hotel & Conference Center
         Falconer Salen (the Falconer Hall)
         Falkoner Alle 9
         DK-2000 Frederiksberg
         Denmark

Agenda:

   1. The Board of Directors' report on the activities
      of the Company during the preceding year.

   2. The presentation of the Annual Report together with
      a resolution for its adoption.

   3. A resolution to discharge the Board of Directors and
      the Executive Committee from their obligations in respect
      of the Annual Report.

   4. A resolution regarding allocation of profit according to
      the Annual Report as adopted.

   5. Election of members of the Board of Directors and
      alternates.

   6. Election of Auditor.

   7. Proposals from the Board of Directors or shareholders:

      a) The Board of Directors proposes that the Annual General
         Meeting authorizes the Board of Directors  - until the
         next Annual General Meeting - to  allow the Company
         to acquire own shares at a nominal value of up to
         10% of the share capital of the Company, cf. Section 48
         of the Danish Companies Act.  The purchase price of the
         shares in question must not deviate by more than 10%
         from the price quoted on the Copenhagen  Stock
         Exchange at the time of acquisition.  In the event
         the shares are not listed on the Copenhagen Stock
         Exchange at the time of acquisition, the purchase
         price must not deviate by more than 10% from the
         market value of the shares at the time of acquisition.

      b) The Board of Directors proposes that a Sub-article 6 is
         inserted in Article 5 of the Articles of Association
         stating the name and the address of the keeper of the
         Company's Register of Shareholders.

      c) The Board of Directors proposes that Article
         10(1), first Sentence, of the Articles of
         Association is 10(1), first Sentence, of the Articles
         of Association is changed in order to specify that
         the notice to the General Meeting may state that
         admission cards can also be obtained from e.g.
         the keeper of the Company's Register of Shareholders or
         by electronic application.

      d) The Board of Directors proposes that Article 13(1) of
         the Articles of Association is changed so that in
         future, minutes of the General Meetings are only
         signed by the Chairman of the Meeting.

      e) The Board of Directors proposes that Article 16(1) of
         the Articles of Association is changed so that in
         future, the Executive Committee shall consist of two to
         seven members.

   8. AOB.

Re item 5 on the agenda:

The following members of the Board of Directors are nominated
for re-election:

   -- Kurt Bjoerklund,
   -- Vagn Sorensen,
   -- Lawrence Guffey,
   -- Oliver Haarmann,
   -- Gustavo Schwed, and
   -- Richard Wilson.

Furthermore, Henning Dyremose is proposed elected as member of
the Board of Directors.

Ola Nordquist is proposed re-elected as alternate for Kurt
Bjoerklund.  Jan Nielsen is proposed re-elected as alternate for
Lawrence Guffey.  Nicholas Gheysens is proposed re-elected as
alternate for Oliver Haarmann.  Torsten Winkler is proposed re-
elected as alternate for Gustavo Schwed.  Andrew Sillitoe is
proposed re-elected as alternate for Richard Wilson.

Re item 6 on the agenda:

The Board of Directors proposes re-election of the Company's
Auditor, PriceWaterhouseCoopers.

Re item 7 b):

It is proposed that a Sub-article 6 with the following wording
is inserted in Article 5 of the Articles of Association: "The
Company's Register of Shareholders shall be kept by VP Investor
Services A/S (VP Services A/S), Helgeshoj Alle 61, P.O. Box 20,
DK-2630 Taastrup, which has been elected as keeper of the
Company's Register of Shareholders on the Company's behalf."

Re item 7 c):

It is proposed that Article 10(1), first Sentence, of the
Articles of Association is replaced by the following wording:
"Any shareholder shall be entitled to attend the General Meeting
if at least five days before the date of the General Meeting he
has made a request for an admission card at the Company's head
office during ordinary office hours or in another way as stated
in the notice."

Re item 7 d):

It is proposed that Article 13(1) of the Articles of Association
is changed as follows: "Brief minutes of the proceedings at the
General Meeting shall be recorded in a minute book authorized
for such purpose by the Board of Directors.  The said minute
book shall be signed by the Chairman of the Meeting."

Re item 7 e):

It is proposed that Article 16(1), first Sentence, of the
Articles of Association is changed as follows:  "The Board of
Directors shall appoint an Executive Committee of two to seven
members to manage the day-to-day affairs of the Company."

Adoption of the proposals under items 7 b) to 7 e) of the agenda
is subject to not less than 2/3 of the votes cast as well as the
voting share capital represented  at the Annual General Meeting
voting in favor of the proposals.

The agenda of the Annual General Meeting, the complete wording
of the resolutions to be passed at the Annual General Meeting,
and the audited Annual Report 2006 will be available for the
shareholders on http://www.tdc.com/investor/from Feb. 26 and in
the reception at the Company's head office at:

         Norregade 21
         DK-1165 Copenhagen K
         Denmark

Shareholders who wish to receive the audited Annual Report 2006
are requested to contact TDC, Investor Relations, +4566637680.

Shareholders must hold an admission card to attend the Annual
General Meeting.  Admission cards can be ordered from VP
Services A/S by filling in the front page of the form which
will be sent to the shareholders and returning it by using the
return envelope which will also be sent to the shareholders or
by fax +4543588867.

Furthermore, admission cards can be obtained by personal
attendance at the Company's head office at the said address
during ordinary office hours.

Shareholders may grant a proxy to the Board of Directors by
filling in the back of the form.  For the proxy to be valid the
back of the form must be signed and dated.  The proxy may be
returned to VP Services A/S by using the return envelope or by
fax +4543588867.

Requests for admission cards and proxies must state the
reference number used by the Danish VP Securities Services A/S
(appears on  the form) or other documentation in accordance with
Article  10 of the Articles of Association and must reach VP
Services  A/S or the reception at the Company's head office no
later than March 12 at 4:00 pm (CET).

The Board of Directors

Background information regarding candidates nominated for
election to the Board of Directors:

Kurt Bjoerklund, Chairman, 37 years old.

    * MSc (Economics), 1993, SSEBA, Helsinki
    * MBA, 1996, INSEAD
    * Partner in Permira Advisers KB
    * Chairman of the Board of Nordic Telephone Company ApS

Vagn Sorensen, Vice Chairman, 47 years old.

    * MSc (Economics and Business Administration),
      Aarhus School of Business, Denmark.

    * Chairman of the Boards of deSter N.V., Belgium, BTX Group
      A/S, Codan A/S, Codan Forsikring A/S, Select Service
      Partner Ltd., U.K., and Trygg-Hansa F"rs"kring AB.

    * Vice Chairman of the Board of DFDS  A/S

    * Member of the Boards of ST Global AG, Austria,
      Air Canada and Braganza AS.

Lawrence Guffey, 38 years old.

    * BA, 1990, Rice University
    * Senior managing partner in The Blackstone Group
    * Member of the Boards of Nordic Telephone Company ApS,
      Deutsche Telekom AG, Axtel SA de CV and Cine UK Ltd.

Oliver Haarmann, 39 years old.

    * BA, 1990, Brown University
    * MBA, 1996, Harvard Business School
    * Managing Director in Kohlberg Kravis Roberts & Co. Ltd.
    * Member of the Boards of Nordic Telephone Company ApS
      and A.T.U. Auto-Teile-Unger Holding GmbH.

Gustavo Schwed, 45 years old.

    * BA, 1984, Swarthmore College
    * MBA, 1988, Stanford University
    * Managing director in Providence Equity
    * Member of the Board of Nordic Telephone Company ApS

Richard Wilson, 41 years old.

    * BA, 1988, University of Cambridge
    * MBA, 1994, INSEAD
    * Partner in Apax Partners Worldwide LLP
    * Member of the Board of Nordic Telephone Company ApS

Henning Dyremose, 61 years old.

    * MSc (Chemical Engineering), 1969.

    * Graduate Diploma in Business Administration
      (Organization), 1972.

    * Chairman of the Confedertion of Danish Industries

    * Chairman of the Trade Council of Denmark.

    * Vice Chairman of the Boards of Brodrene A.O. Johansen A/S
      and A.O. Invest A/S.

    * Member of the Boards of Carlsberg A/S, Carlsberg Breweries
      A/S, Fonden Baltic Development Forum and Industriens
      Arbejdsgiverforening in Copenhagen.

For further information please contact TDC Investor Relations on
+45 6663 7680.

                         About TDC A/S

Headquartered in Copenhagen, Denmark, TDC A/S --
http://www.tdc.dk/-- through its subsidiaries and affiliates,
provides communication solutions in Europe.  It provides
communication services in Denmark and Switzerland, and has a
significant presence in selected Northern and Central European
telecommunication markets.  It operates through five business
lines.

                        *     *     *

As reported in the TCR-Europe on Jan. 25, Fitch Ratings says it
does not expect the intended sale by TDC A/S of its Lithuanian
and Latvian mobile subsidiary Bite to affect TDC's Issuer
Default rating of 'BB-' or the ratings of TDC's and NTC
Holdings.

* TDC's debt instruments:

   -- Senior secured bank facilities rated 'BB+'

   -- EMTN bonds rated 'BB-':

         -- DEM 5% notes due 2008
         -- JPY 1.28% notes due 2008
         -- EUR5.625% notes due 2009
         -- EUR6.5% notes due 2012

   -- NTC Holdings senior notes rated 'B+':

         -- EUR800-million 8.25% senior notes due 2016;
         -- US$600-million 8.875% senior notes due 2016;
         -- EUR750-million floating-rate notes due 2016.


===========
F R A N C E
===========


ALCATEL-LUCENT: Inks IP/MPLS Network Deal with Armenian Datacom
---------------------------------------------------------------
Alcatel-Lucent disclosed that Armenian Datacom Company, a
competitive data provider in Armenia, selected Alcatel-Lucent to
supply an IP/MPLS network to deliver high quality data and
Internet services to business and residential customers.

Covering most of the Armenian capital city of Yerevan, Alcatel-
Lucent's IP/MPLS network will allow Armenian Datacom to benefit
from a wider variety of service offerings and increased service
flexibility.  Once deployed, the operator can provide advanced
services such as high speed Internet (HSI) and virtual private
LAN services (VPLS) for corporate customers.  By running all
services on a single, next generation IP infrastructure,
Armenian Datacom can achieve significant economies of scale and
maximize profitability of services while streamlined and
simplified network management tools will result in significant
operational savings.

"By leveraging Alcatel-Lucent's IP portfolio of products,
Armenian Datacom Company can offer advanced business and
residential services for the first time in Armenia," said
Armenian Datacom CEO Harald Grytten.  "Implementing Alcatel-
Lucent's leading-edge solutions gives us the business and
technology tools we need to compete and to offer subscribers a
variety of converged services."

"As an early supplier of cutting edge IP/MPLS solutions in
Armenia, we are in a position to contribute to further
development and modernization of the data infrastructure in
Armenia," said Basil Alwan, President of Alcatel-Lucent's IP
activities.  "Armenian Datacom is able to leverage the unique
features of our IP/MPLS solution to provide a new generation of
services to its customers."

Armenian Datacom Company joins a list of more than 160 service
providers in over 60 countries who have selected the Alcatel-
Lucent IP portfolio, including massive, multi-year IP network
and service transformation projects at AT&T, BT, Cable &
Wireless, and Telstra. According to Ovum-RHK, Alcatel-Lucent was
no. 2 in the IP/MPLS Edge market segment in Q4 2006, with 19%
market share.

                            About ADC

Armenian Datacom Company CJSC (ADC) is an Armenian-Norwegian
joint venture formed in 2006.  The company is set up to provide
telecommunications services in and around the city of Yerevan
with focus on the latest available services for commercial data
communication and Internet access for an unlimited amount of
users.

                    About Alcatel-Lucent

Headquartered in Paris, France, Alcatel-Lucent
-- http://www.alcatel-lucent.com/-- provides solutions that
enable service providers, enterprises and governments worldwide,
to deliver voice, data and video communication services to end
users.  Through its operations in fixed, mobile and converged
broadband networking, Internet protocol (IP) technologies,
applications, and services, Alcatel-Lucent offers the end-to-end
solutions that enable communications services for people at
home, at work and on the move.

On Nov. 30, 2006, Alcatel and Lucent Technologies Inc. completed
their merger transaction, and began operations as a
communication solutions provider under the name Alcatel-Lucent
on Dec. 1, 2006.

                          *     *     *

As of Feb. 7, Alcatel-Lucent's Long-Term Corporate Credit rating
and Senior Unsecured Debt carry Standard & Poor's BB- rating.
It's Short-Term Corporate Credit rating stands at B.

Moody's, on the other hand, put a Ba2 rating on Alcatel's
Corporate Family and Senior Debt rating.  Lucent carries Moody's
B1 Senior Debt rating and B2 Subordinated debt & trust preferred
rating.

Fitch rates Alcatel's Issuer Default Rating and Senior Unsecured
Debt rating at BB.


ALCATEL-LUCENT: Alliances Director Named to WiMAX Forum Board
-------------------------------------------------------------
Philippe Goossens, Strategic Alliances Director for Alcatel-
Lucent's WiMAX activities, has been named as member of the Borad
of Directors of the WiMAX Forum, an industry-led non-profit
organization comprising more than 430 companies committed to
promoting and certifying interoperable WiMAX products.

As a strong contributor to the WiMAX Forum, Alcatel-Lucent's
presence on its board of directors is indicative of the
acknowledgement by wireless market leaders around the globe that
WiMAX is a powerful option for delivering broadband Internet
services anytime and anywhere.

Being elected to WiMAX Forum Board of Directors recognizes
Alcatel-Lucent's commitment and contribution to the fast-growing
WiMAX market and a testimony to its technical leadership in
WiMAX technologies.

"Alcatel-Lucent is a global leader in telecommunications, and
having the company join our Board is evidence of its dedication
to taking the WiMAX ecosystem forward," said Ron Resnick,
president and chairman of the WiMAX Forum.  "Having one of the
industry's most comprehensive wireless portfolios, we look
forward to Alcatel-Lucent's further involvement to help
accelerate the WiMAX deployment worldwide.  As a leading
proponent of WiMAX, Alcatel-Lucent has proven its ability to
deliver standards-based products that are commercially installed
by its numerous operator customers."

Alcatel-Lucent's strong support of open standards and device
interoperability -- as demonstrated by several interoperability
testing (IOT) centers operational in France, the United States
and Taiwan -- benefits operators seeking to diversify and offer
the optimum choice of terminals to their subscribers.

"The announcement is a major step forward and further highlights
our commitment to promote the IEEE 802.16e-2005 open standard to
advance the adoption of WiMAX worldwide," said Philippe
Goossens, Strategic Alliances Director for Alcatel-Lucent's
WiMAX activities.  "As part of the WiMAX Forum, Alcatel-Lucent
is working to ensure interoperability of wireless broadband
solutions and enable telecom operators to deliver innovative and
differentiating services to their customers."

                      About the WiMAX Forum

The WiMAX Forum is an industry-led, non-profit corporation
formed to help promote and certify the compatibility and
interoperability of broadband wireless products using the IEEE
802.16 and ETSI HiperMAN wireless MAN specifications.  The
forum's goal is to accelerate the introduction of these devices
into the marketplace.  WiMAX Forum Certified products will be
fully interoperable and support Metropolitan Broadband Fixed,
Portable and Mobile Applications.

                    About Alcatel-Lucent

Headquartered in Paris, France, Alcatel-Lucent
-- http://www.alcatel-lucent.com/-- provides solutions that
enable service providers, enterprises and governments worldwide,
to deliver voice, data and video communication services to end
users.  Through its operations in fixed, mobile and converged
broadband networking, Internet protocol (IP) technologies,
applications, and services, Alcatel-Lucent offers the end-to-end
solutions that enable communications services for people at
home, at work and on the move.

On Nov. 30, 2006, Alcatel and Lucent Technologies Inc. completed
their merger transaction, and began operations as a
communication solutions provider under the name Alcatel-Lucent
on Dec. 1, 2006.

                          *     *     *

As of Feb. 7, Alcatel-Lucent's Long-Term Corporate Credit rating
and Senior Unsecured Debt carry Standard & Poor's BB- rating.
It's Short-Term Corporate Credit rating stands at B.

Moody's, on the other hand, put a Ba2 rating on Alcatel's
Corporate Family and Senior Debt rating.  Lucent carries Moody's
B1 Senior Debt rating and B2 Subordinated debt & trust preferred
rating.


=============
F I N L A N D
=============


CLEAR CHANNEL: Fourth Quarter 2006 Revenues Rose to US$1.94 Bln
---------------------------------------------------------------
Clear Channel Communications Inc.'s revenues for the fourth
quarter ended Dec. 31, 2006, increased 11% to US$1.94 billion,
from US$1.75 billion for the fourth quarter of 2005.  Included
in the company's revenue is a US$32.4 million increase due to
movements in foreign exchange; strictly excluding the effects of
the movements in foreign exchange, revenue growth would have
been 9%.

Clear Channel's expenses increased 8% to US$1.2 billion during
the fourth quarter of 2006 compared to 2005.  Included in the
company's 2006 expenses is approximately US$8.7 million of non-
cash compensation expense, a US$27.7 million increase due to
movements in foreign exchange and a US$9.8 million reduction as
a result of a favorable settlement of a legal proceeding.

Clear Channel's income before discontinued operations increased
15% to US$210.1 million, as compared to US$182.7 million for the
same period in 2005.

                     Full Year 2006 Results

For the full year, the company reported revenues of US$7.07
billion, an increase of 7% when compared to revenues of US$6.58
billion for the same period in 2005.  Included in the company's
revenue is a US$17.4 million increase due to movements in
foreign exchange.

The company's expenses increased 6% to US$4.6 billion during the
year compared to 2005.  Included in the company's expenses is
approximately US$35.2 million of non-cash compensation expense
and a US$14.6 million increase due to movements in foreign
exchange.

During 2005, the company restructured its business in France and
recorded approximately US$26.6 million in restructuring charges.
The company's income before discontinued operations was US$688.8
million.  This compares to income before discontinued operations
of US$633.6 million in 2005.

The company's full year 2006 net income included approximately
US$35.7 million of pre-tax gains primarily on the divestitures
of radio assets and the swap of certain outdoor assets.
Excluding these gains, Clear Channel's 2006 income before
discontinued operations would have been US$667.7 million.

                      Fourth Quarter Events

On Nov. 16, 2006, the company agreed to be acquired by a group
of private equity funds led by Bain Capital Partners LLC and
Thomas H. Lee Partners L.P.  The transaction is subject to
shareholder approval, antitrust clearances, FCC approval and
other customary closing conditions.  The company filed its
definitive proxy statement with the U.S. Securities and
Exchange Commission on Jan. 29, and the shareholder meeting will
be held March 21.

Also on Nov. 16, 2006, the company announced plans to sell 448
of its 1,176 radio stations, all located outside the top 100
U.S. media markets, as well as all of its television stations.
The sale of these assets is not contingent on the closing of the
Bain Capital deal.  Definitive asset purchase agreements were
signed for the sale of 39 radio stations as of Dec. 31, 2006.
The stations, along with 5 stations sold in the fourth quarter
of 2006, were classified as assets held for sale in the
consolidated balance sheet and as discontinued operations in the
consolidated statements of operations.

The company's 2006 revenue increased from foreign exchange
movements of approximately US$32.4 million for the fourth
quarter and US$17.4 million for the full year as compared to the
same period of 2005.

                 Return of Capital to Shareholders

During 2006, the company repurchased 46.7 million shares of its
common stock for approximately US$1.4 billion.  The company has
repurchased a total of 130.9 million shares for approximately
US$4.3 billion under its share repurchase programs since March
2004.

As a result of the company's proposed merger transaction
announced on Nov. 16, 2006, the company will not be hosting a
teleconference or web cast to discuss results.

                 Liquidity and Financial Position

For the year ended Dec. 31, 2006, cash flow from operating
activities was US$1.8 billion, cash flow used by investing
activities was US$641.4 million, cash flow used by financing
activities was US$1.2 billion, and net cash provided by
discontinued operations was US$9.7 million for a net increase in
cash of US$31.2 million.

As of Dec. 31, 2006, 69% of the company's debt bears interest at
fixed rates while 31% of the company's debt bears interest at
floating rates based upon LIBOR.  The company's weighted average
cost of debt at Dec. 31, 2006, was 6.1%.

On Feb. 1, the company redeemed its 3.125% Senior Notes at their
maturity for US$250-million plus accrued interest with proceeds
from its bank credit facility.

As of Feb. 22, the company had approximately US$571.8 million
available on its bank credit facility.  The company may utilize
existing capacity under its bank facility and other available
funds for general working capital purposes including funding
capital expenditures, acquisitions, stock repurchases and the
refinancing of certain public debt securities.  Capacity
under the facility can also be used to support commercial paper
programs.  Redemptions or repurchases of securities will occur
through open market purchases, privately negotiated
transactions, or other means.

                About Clear Channel Communications

Based in San Antonio, Texas, Clear Channel Communications Inc. -
- http://www.clearchannel.com/-- (NYSE:CCU) is a global leader
in the out-of-home advertising industry with radio and
television stations and outdoor displays.  Aside from the U.S.,
the company operates in 11 countries -- Norway, Denmark, the
United Kingdom, Singapore, China, the Czech Republic,
Switzerland, the Netherlands, Australia, Mexico and New
Zealand.

                          *     *     *

Clear Channel's long-term local and foreign issuer credits carry
Standard & Poor's BB+ rating.

In addition, the company's senior unsecured debt and long-term
issuer default ratings were placed by Fitch at BB- on Nov. 16,
2006.


=============
G E R M A N Y
=============


ALSEKO AUTOMATION: Claims Registration Period Ends April 2
----------------------------------------------------------
Creditors of ALSEKO Automation GmbH have until April 2 to
register their claims with court-appointed insolvency manager
Josef Nachmann.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on May 8, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Munich
         Meeting Hall 101
         Infanteriestr. 5
         80097 Munich
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Josef Nachmann
         Theatinerstr. 32
         80333 Munich
         Germany
         Tel: 089/24217737
         Fax: 089/24217738

The District Court of Munich opened bankruptcy proceedings
against ALSEKO Automation GmbH on Feb. 12.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         ALSEKO Automation GmbH
         Attn: Sahin Ahmet, Manager
         Standlerstr. 35
         81549 Munich
         Germany


ALUMINIUM-SYSTEME: Claims Registration Period Ends April 16
-----------------------------------------------------------
Creditors of Aluminium-Systeme Vertriebs GmbH have until
April 16 to register their claims with court-appointed
insolvency manager Carsten Koch.

Creditors and other interested parties are encouraged to attend
the meeting at 9:10 a.m. on April 19, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Kassel
         Hall 234
         Friedrichsstrasse 32-34
         34117 Kassel
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Carsten Koch
         Wilhelmshoeher Allee 270
         34131 Kassel
         Germany
         Tel: 0561/3166311
         Fax: 0561/3166312
         E-mail: ks@leonhardt-westhelle.eu

The District Court of Kassel opened bankruptcy proceedings
against Aluminium-Systeme Vertriebs GmbH on Feb. 15.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         Aluminium-Systeme Vertriebs GmbH
         Attn: Adelheid Schlutz, Manager
         Wolfhager Str. 24 c
         34311 Naumburg
         Germany


BENQ CORP: Mobile Unit's Assets to Be Split Up & Liquidated
-----------------------------------------------------------
BenQ Mobile GmbH & Co. OHG, the bankrupt mobile subsidiary of
Taiwan-based BenQ Corp., will be liquidated and sold off
separately, published reports say, citing BenQ Mobile's
insolvency administrator, Martin Prager.

Mr. Prager confirmed a report in Germany's Sueddeutsche Zeitung
that "there is no longer a realistic chance of it [BenQ Mobile]
being sold as a whole," the Associated Press relates.

The announcement came after a potential bidder dropped plans to
acquire the bankrupt firm.

"We have to acknowledge that the market has decided against Benq
Mobile," Mr. Prager told Bloomberg News.

According to Sueddeutsche Zeitung, Mr. Prager estimated up to
EUR310 million of sales proceeds from real estate, machinery and
patents, in addition to EUR66 million of cash, Bloomberg
relates.  However, the paper suggests, this is still millions
short compared with the company's EUR883 million in debts.

Mr. Prager wouldn't comment on the possible loss of the firm's
3,000 jobs once the assets are split off and sold separately,
the Wall Street Journal reports citing AP as its source.

Siemens, which previously owned BenQ Mobile before selling it to
BenQ Corp., revealed in January a solid financial basis for the
job placement companies for employees of BenQ Mobile OHG in
North Rhine-Westphalia and Bavaria.  A EUR10 million aid fund
has also been set up by Siemens for supporting employees in
financial difficulties.  Through the job exchange established by
Siemens for employees of BenQ Mobile OHG, over 690 interviews
have been scheduled at Siemens.  Round about 150 concrete job
offers have so far been made.  In addition, Siemens has secured
the continuation of training for 88 trainees of BenQ Mobile
within Siemens AG.

                          About BenQ

Headquartered in Taiwan, Republic of China, BenQ Corp.,
Inc. -- http://www.benq.com/-- is principally engaged in
manufacturing, developing and selling of computer peripherals
and telecommunication products.  It is also a major provider of
3G handset, 3G handset, Camera phones, and other products.

BenQ Mobile GmbH & Co., the company's wholly owned subsidiary,
operates from Munich, Germany.  BenQ Mobile filed for insolvency
in Germany on Sept. 29, after BenQ Corp.'s board decided to
discontinue capital injection into the mobile unit in order to
stem unsustainable losses.  The collapse follows a year after
Siemens sold the company to Taiwanese technology group BenQ.
BenQ Mobile has lost market share against giant competitors.

A Munich Court opened insolvency proceedings against BenQ Mobile
GmbH & Co OHG on Jan. 1 after Mr. Prager failed to meet the
deadline in finding a buyer for the company on Dec. 31, 2006.

More than 3,000 manufacturing workers have been affected in the
company's insolvency proceedings after it disclosed of plans to
reduce two-thirds of its work force.  The mobile unit took over
a factory in Kamp Lintfort in western Germany from Siemens,
which cost Siemens more than US$1 billion.  Under the agreement,
BenQ will have the right to use the Siemens brand for five
years.  Siemens owns a 2.5 percent stake in BenQ Corp.

                        *     *     *

The Troubled Company Reporter - Asia Pacific reported on
Dec. 5, 2006, that Taiwan Ratings Corp., assigned its long-term
twBB+ and short-term twB corporate credit ratings to BenQ Corp.
The outlook on the long-term rating is negative.  At the same
time, Taiwan Ratings assigned its twBB+ issue rating to BenQ's
existing NT$7.05 billion unsecured corporate bonds due in 2008,
2009, and 2010.

The ratings reflect BenQ's:

   * continuing operating losses from its handset operations;

   * high leverage; and

   * the competitive nature and low profitability of the LCD
     monitor industry.


BOETTCHER JUNG: Claims Registration Period Ends March 16
--------------------------------------------------------
Creditors of Boettcher Jung GmbH have until March 16 to register
their claims with court-appointed insolvency manager Uwe Degen-
Gellenbeck.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on April 11, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Stralsund
         Hall A4 21
         Fourth Floor
         House A
         Frankendamm 17
         Stralsund
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Uwe Degen-Gellenbeck
         Joh.-Seb.-Bach-Strasse 21
         17489 Greifswald
         Germany

The District Court of Stralsund opened bankruptcy proceedings
against Boettcher Jung GmbH on Feb. 15.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         Boettcher Jung GmbH
         Attn: Fritz-Robert Boettcher and Ingo Jung, Managers
         Heinrich-Heine-Str. 20
         17489 Greifswald
         Germany


BROEDNER'S GOLDBROILER: Claims Registration Period Ends March 28
----------------------------------------------------------------
Creditors of "Broedner's Goldbroiler" GmbH have until March 28
to register their claims with court-appointed insolvency manager
Reiner Linck.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on May 16, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Rostock
         Hall 330
         Zochstrasse
         18057 Rostock
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Reiner Linck
         Paulstrasse 44
         18055 Rostock
         Germany

The District Court of Rostock opened bankruptcy proceedings
against "Broedner's Goldbroiler" GmbH on Feb. 14.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be contacted at:

         "Broedner's Goldbroiler" GmbH
         Attn: Horst and Doris Broedner, Managers
         Kroepeliner Strasse 81
         18055 Rostock
         Germany


CAPITOL TEXTILHANDEL: Claims Registration Period Ends March 29
--------------------------------------------------------------
Creditors of Capitol Textilhandel GmbH have until March 29 to
register their claims with court-appointed insolvency manager
Stephan Schlegel.

Creditors and other interested parties are encouraged to attend
the meeting at 8:50 a.m. on May 10, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Frankfurt (Main)
         Hall 1
         Building F
         Klingerstrasse 20
         60313 Frankfurt (Main)
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Dr. Stephan Schlegel
         Hauptstrasse 336
         65760 Eschborn
         Germany
         Tel: 06173/93940
         Fax: 06173/939420

The District Court of Frankfurt (Main) opened bankruptcy
proceedings against Capitol Textilhandel GmbH on Feb. 14.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         Capitol Textilhandel GmbH
         Attn: Stefan Kienker, Manager
         Shop 41 - 42
         Zeil 112-114
         60313 Frankfurt (Main)
         Germany


CONANTE ADVANCED: Claims Registration Period Ends March 30
----------------------------------------------------------
Creditors of Conante Advanced Interface Solutions GmbH have
until March 30 to register their claims with court-appointed
insolvency manager Hansjoerg Wanner.

Creditors and other interested parties are encouraged to attend
the meeting at 3:30 p.m. on April 19, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Tuebingen
         Hall 208
         Second Floor
         Branch Office
         Schulberg 14
         72074 Tuebingen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Hansjoerg Wanner
         Reutlinger Strasse 105
         72800 Eningen
         Germany

The District Court of Tuebingen opened bankruptcy proceedings
against Conante Advanced Interface Solutions GmbH on Feb. 16.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         Conante Advanced Interface Solutions GmbH
         Attn: Dr. Stefan Rapp and Georg Michelitsch, Managers
         Moempelgarder Weg 8-10
         72072 Tuebingen
         Germany


CREATIV-TECHNIK: Claims Registration Period Ends April 3
--------------------------------------------------------
Creditors of Creativ-Technik Deitelhoff GmbH have until April 3
to register their claims with court-appointed insolvency manager
Ruediger Wienberg.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on May 15, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Chemnitz
         Hall 27
         Fuerstenstrasse 21
         Chemnitz
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Ruediger Wienberg
         Michaelstrasse 71
         09116 Chemnitz
         Germany
         Tel: (0371) 381770
         Fax: (0371) 3817730
         E-mail: chemnitz@hww-kanzlei.de

The District Court of Chemnitz opened bankruptcy proceedings
against Creativ-Technik Deitelhoff GmbH on Feb. 16.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         Creativ-Technik Deitelhoff GmbH
         Attn: Bernhard Deitelhoff, Manager
         Mittelstrasse 20
         09648 Kriebstein OT Reichenbach
         Germany


DAIMLERCHRYSLER: Chrysler's Bidding Process May Start This Week
---------------------------------------------------------------
DaimlerChrysler AG's Chrysler Group's bidding process will
probably start this week, The Detroit News suggests.

According to the report, J.P. Morgan Chase & Co. will hand out a
detailed prospectus to a limited number of potential buyers,
which include Cerberus Capital, Apollo Management, the Carlyle
Group, and the Blackstone Group.

One potential bidder is OAO Gaz Group, Russia's second largest
auto company, German weekly Focus magazine notes.  Chrysler
supplies four-cylinder engines for cars and mini-vans to Gaz.

As reported in the Troubled Company Reporter-Europe on Feb. 19,
citing German publication Manager Magazin, DaimlerChrysler AG
and General Motors Corp. are in talks about a possible purchase
of the Chrysler Group by GM.

According to the Financial Times, if a deal between
DaimlerChrysler and General Motors Corp. for Chrysler will push
through, the German-based automaker will consider buying a
minority stake in the U.S.-based company.

In a TCR-Europe report on Feb. 23, Volkswagen AG, Renault SA,
and Nissan Motor Co. said they are not interested in acquiring
or entering into a partnership with Chrysler.  The Wall Street
Journal earlier related that the Renault-Nissan auto alliance
had initially been tagged as possible Chrysler partners after
DaimlerChrysler disclosed its intention to sell the unit or find
partners among other automakers to help run the company.

                       About DaimlerChrysler

Headquartered in Stuttgart, Germany, DaimlerChrysler AG --
http://www.daimlerchrysler.com/-- develops, manufactures,
distributes, and sells various automotive products, primarily
passenger cars, light trucks, and commercial vehicles worldwide.
It primarily operates in four segments: Mercedes Car Group,
Chrysler Group, Commercial Vehicles, and Financial Services.

The Chrysler Group segment offers cars and minivans, pick-up
trucks, sport utility vehicles, and vans under the Chrysler,
Jeep, and Dodge brand names.  It also sells parts and
accessories under the MOPAR brand.

The Chrysler Group is facing a difficult market environment in
the United States with excess inventory, non-competitive legacy
costs for employees and retirees, continuing high fuel prices
and a stronger shift in demand toward smaller vehicles.  At the
same time, key competitors have further increased margin and
volume pressures -- particularly on light trucks -- by making
significant price concessions.  In addition, increased interest
rates caused higher sales & marketing expenses.

In order to improve the earnings situation of the Chrysler Group
as quickly and comprehensively, measures to increase sales and
cut costs in the short term are being examined at all stages of
the value chain, in addition to structural changes being
reviewed as well.


DAIMLERCHRYSLER AG: Hyundai Denies Interest in Chrysler Purchase
----------------------------------------------------------------
Hyundai Motor squashed rumors about a possible Chrysler
acquisition from DaimlerChrysler AG, denying a report posted on
Feb. 19 by U.K.-based The Times on its Web site, the Associated
Press states.

The Times report claimed that Hyundai intends to join would-be
bidders because it was interested in Chrysler's dealerships
network in the U.S., the Associated Press relates.

"We are not considering to buy Chrysler because our hands are
full," Hyundai spokesman Jake Jang told AP.

According to AP, Mr. Jang went on to say that Hyundai has an
engine deal with Chrysler and Japan's Mitsubishi Motors Corp.,
which lets them produce engines based on the South Korean
automaker's design.

                       About Hyundai Motor

Headquartered in Seoul, South Korea, Hyundai Motor Company --
http://www.hyundai-motor.com/-- has been selling cars in the
United States since 1986, but it only started selling its heavy
trucks stateside in 1998.  Hyundai produces 14 models of cars
and minivans, as well as trucks, buses, and other commercial
vehicles.  The Company reestablished itself as Korea's leading
carmaker in 1998 by acquiring a 51% stake in Kia Motors -- since
reduced to about 45%.  The Company also manufactures machine
tools for factory automation and material- handling equipment.

                      About DaimlerChrysler

Based in Stuttgart, Germany, DaimlerChrysler AG --
http://www.daimlerchrysler.com/-- develops, manufactures,
distributes, and sells various automotive products, primarily
passenger cars, light trucks, and commercial vehicles worldwide.
It primarily operates in four segments: Mercedes Car Group,
Chrysler Group, Commercial Vehicles, and Financial Services.

The Chrysler Group segment offers cars and minivans, pick-up
trucks, sport utility vehicles, and vans under the Chrysler,
Jeep, and Dodge brand names.  It also sells parts and
accessories under the MOPAR brand.

The Chrysler Group is facing a difficult market environment in
the United States with excess inventory, non-competitive legacy
costs for employees and retirees, continuing high fuel prices
and a stronger shift in demand toward smaller vehicles.  At the
same time, key competitors have further increased margin and
volume pressures -- particularly on light trucks -- by making
significant price concessions.  In addition, increased interest
rates caused higher sales & marketing expenses.

In order to improve the earnings situation of the Chrysler Group
as quickly and comprehensively, measures to increase sales and
cut costs in the short term are being examined at all stages of
the value chain, in addition to structural changes being
reviewed as well.


DAIMLERCHRYSLER AG: Predicts Drop in 2007 Sales for Truck Arm
-------------------------------------------------------------
DaimlerChrysler AG projects a drop in sales for its truck
division in 2007, although it is expected to stay profitable as
the company anticipates a steady demand for trucks in Western
Europe and North America, the Wall Street Journal reports.

Truck division head Andreas Renschler revealed that Freightliner
LLC, part of the unit, would continue to be lucrative this year,
despite soaring fuel prices that could lead to a slump for the
industry, the Associated Press states.

According to published reports, Mr. Renschler said that the
market for middle to heavy trucks could decline by 25% to 27%,
with the Japanese market possibly shrinking 40% in 2007, but he
sees an increase in demand during the last quarter.

TCR-Europe reported on Feb. 15 that in 2006, the Truck Group
built on the very successful developments of the prior year,
increasing unit sales by 1% to a new record of 537,000 vehicles.

The Truck Group achieved an operating profit of EUR2.020 billion
in 2006, a significant increase from the previous year's result
of EUR1.606 billion.

                      About DaimlerChrysler

Based in Stuttgart, Germany, DaimlerChrysler AG --
http://www.daimlerchrysler.com/-- develops, manufactures,
distributes, and sells various automotive products, primarily
passenger cars, light trucks, and commercial vehicles worldwide.
It primarily operates in four segments: Mercedes Car Group,
Chrysler Group, Commercial Vehicles, and Financial Services.

The Chrysler Group segment offers cars and minivans, pick-up
trucks, sport utility vehicles, and vans under the Chrysler,
Jeep, and Dodge brand names.  It also sells parts and
accessories under the MOPAR brand.

The Chrysler Group is facing a difficult market environment in
the United States with excess inventory, non-competitive legacy
costs for employees and retirees, continuing high fuel prices
and a stronger shift in demand toward smaller vehicles.  At the
same time, key competitors have further increased margin and
volume pressures -- particularly on light trucks -- by making
significant price concessions.  In addition, increased interest
rates caused higher sales & marketing expenses.

In order to improve the earnings situation of the Chrysler Group
as quickly and comprehensively, measures to increase sales and
cut costs in the short term are being examined at all stages of
the value chain, in addition to structural changes being
reviewed as well.


DIE EINRICHTUNG: Claims Registration Period Ends March 31
---------------------------------------------------------
Creditors of Die Einrichtung Kusel + Ruhl GmbH have until
March 31 to register their claims with court-appointed
insolvency manager Hans-W. Goetsch.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on April 26, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Mainz
         Hall 174
         Building B
         Ernst-Ludwig Strasse 7
         55116 Mainz
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Hans-W. Goetsch
         Libellenweg 4
         55128 Mainz
         Germany
         Tel: 06131/3337960
         Fax: 06131/3337961

The District Court of Mainz opened bankruptcy proceedings
against Die Einrichtung Kusel + Ruhl GmbH on Feb. 15.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         Die Einrichtung Kusel + Ruhl GmbH
         Attn: Kusel Renate, Manager
         Curiestr. 2
         55129 Mainz-Hechtsheim
         Germany


DOCEDUCATION GMBH: Creditors' Meeting Slated for March 29
---------------------------------------------------------
The court-appointed insolvency manager for DocEducation GmbH &
Co. KG, Frank-Michael Rhode, will present his first report on
the Company's insolvency proceedings at a creditors' meeting at
10:05 a.m. on March 29.

The meeting of creditors and other interested parties will be
held at:

         The District Court of Bremen
         Hall 115
         Ostertorstr. 25-31
         28195 Bremen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 9:30 a.m. on June 28, at the same venue.

Creditors have until May 15 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Frank-Michael Rhode
         Graf-Moltke-Str. 62
         28211 Bremen
         Germany
         Tel: 0421/3485212/213
         Fax: 0421/341078
         E-mail: info@rhode.de

The District Court of Bremen opened bankruptcy proceedings
against DocEducation GmbH & Co. KG on Feb. 16.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         DocEducation GmbH & Co. KG
         Schwachhauser Heerstr. 90
         28209 Bremen
         Germany

         Attn: Gerd Heinz Mueller, Manager
         Grosse Fischerstr. 2
         28199 Bremen
         Germany


ESP GEBAUDEMANAGEMENT: Claims Registration Period Ends March 2
--------------------------------------------------------------
Creditors of ESP Gebaudemanagement GmbH have until March 2 to
register their claims with court-appointed insolvency manager
Martin Schoebe.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on March 20, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Rosenheim
         Hall 210
         Rosenheim
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Martin Schoebe
         Ainmillerstr. 11
         80801 Munich
         Germany
         Tel: 089/189377-0
         Fax: 089/189377-50

The District Court of Rosenheim opened bankruptcy proceedings
against ESP Gebaudemanagement GmbH on Feb. 14.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be contacted at:

         ESP Gebaudemanagement GmbH
         Simsseestr. 427
         83071 Stephans
         Germany


FASSADEN GMBH: Claims Registration Ends April 10
------------------------------------------------
Creditors of Fassaden GmbH have until April 10 to register their
claims with court-appointed insolvency manager Alexander Kastle.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on May 8, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Esslingen
         Hall 1
         Eingang Strohstrasse 1. OG
         Rit-terstr.5
         Esslingen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Alexander Kastle
         Schlattgrabenstr. 19
         72141 Walddorfhaslach
         Tel: 07127/923719
         Fax: 07127/923720

The District Court of Esslingen opened bankruptcy proceedings
against Fassaden GmbH on Feb. 16.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Fassaden GmbH
         GF Hans-Richard Starz und Dieter Starz
         Esslinger Str. 274
         73207 Plochingen
         Germany


FESO FENSTER: Claims Registration Ends March 9
----------------------------------------------
Creditors of Feso Fenster und Sonnenschutz GmbH have until
March 9 to register their claims with court-appointed insolvency
manager RA Andreas Schafft.

Creditors and other interested parties are encouraged to attend
the meeting at 9:40 a.m. on March 28, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Meiningen
         Meeting Hall A 0105
         Lindenallee 15
         Meiningen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         RA Andreas Schafft
         Charlottenstr. 7
         99096 Erfurt
         Germany

The District Court of Meiningen opened bankruptcy proceedings
against Feso Fenster und Sonnenschutz GmbH on Feb. 16.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Feso Fenster und Sonnenschutz GmbH
         Mittlere Motsch Str. 13
         96515 Sonneberg
         Germany


GEIS UND PARTNER: Claims Registration Period Ends March 22
----------------------------------------------------------
Creditors of Geis und Partner Elektroservice GmbH have until
March 22 to register their claims with court-appointed
insolvency manager Frank Ruediger Scheffler.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on May 3, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Chemnitz
         Hall 28
         Fuerstenstrasse 21
         Chemnitz
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Frank Ruediger Scheffler
         Ulmenstrasse 14
         09112 Chemnitz
         Germany
         Tel: (03 71) 38 22 60
         Fax: (03 71) 38 22 623
         Web: http://www.tiefenbacher.de/

The District Court of Chemnitz opened bankruptcy proceedings
against Geis und Partner Elektroservice GmbH on Feb. 8.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Geis und Partner Elektroservice GmbH
         Attn: Hans-Joachim Geis, Manager
         Feldstrasse 10
         08223 Falkenstein
         Germany


GOLFOUTLETSTORES GMBH: Claims Registration Ends March 30
--------------------------------------------------------
Creditors of Golfoutletstores GmbH have until March 30 to
register their claims with court-appointed insolvency manager
Burckhardt Reimer.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on May 15, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Hamburg
         Hall B 405
         Fourth Floor Annex
         Civil Justice Bldg.
         Sievkingplatz 1
         20355 Hamburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Burckhardt Reimer
         Domstr. 15
         20095 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against Golfoutletstores GmbH on Feb. 15.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Golfoutletstores GmbH
         Nordkanalstr. 27
         20097 Hamburg
         Germany


IBIZA-SUN BRAUNUNGSCENTER: Claims Registration Ends March 29
------------------------------------------------------------
Creditors of Ibiza-Sun Braunungscenter GmbH have until March 29
to register their claims with court-appointed insolvency manager
Walter Broehan.

Creditors and other interested parties are encouraged to attend
the meeting at 8:45 a.m. on April 19, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Luebeck
         Hall 256
         Am Burgfeld 7
         23568 Luebeck
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Walter Broehan
         Muehlenstr. 56
         23552 Luebeck
         Germany

The District Court of Luebeck opened bankruptcy proceedings
against Ibiza-Sun Braunungscenter GmbH on Feb. 15.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Ibiza-Sun Braunungscenter GmbH
         Brandenbaumer Landstr. 150
         D 23564 Luebeck
         Germany


KLINIK AM KURPARK: Claims Registration Period Ends March 9
----------------------------------------------------------
Creditors of Klinik Am Kurpark GmbH & Co. KG have until March 9
to register their claims with court-appointed insolvency manager
Karl Kaesser.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on April 16, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Passau
         Boardroom 12
         Schustergasse 4
         Passau
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Karl Kaesser
         Rathausgasse 5
         94481 Grafenau
         Germany
         Tel: 08552/1066-7

The District Court of Passau opened bankruptcy proceedings
against Klinik Am Kurpark GmbH & Co. KG on Jan. 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Klinik Am Kurpark GmbH & Co. KG
         94481 Grafenau
         Germany


L & V BAU: Claims Registration Period Ends March 26
---------------------------------------------------
Creditors of L & V BAU Projektentwicklungs- und Bautraeger GmbH
have until March 26 to register their claims with court-
appointed insolvency manager Claus-Peter Langer.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on May 8, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Munich
         Meeting Hall 102
         Infanteriestr. 5
         80097 Munich
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Claus-Peter Langer
         Herzog-Wilhelm-Str. 17
         80331 Munich
         Germany
         Tel: 236858-0
         Fax: 2603440

The District Court of Munich opened bankruptcy proceedings
against L & V BAU Projektentwicklungs- und Bautraeger GmbH on
Feb. 6.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         L & V BAU Projektentwicklungs- und Bautraeger GmbH
         Attn: Dr. Hans-Peter Voelmicke, Manager
         Westermuehlstr. 25
         80469 Munich
         Germany


MCMO GMBH: Claims Registration Period Ends March 20
---------------------------------------------------
Creditors of McMo GmbH have until March 20 to register their
claims with court-appointed insolvency manager Klaus Siemon.

Creditors and other interested parties are encouraged to attend
the meeting at 10:15 a.m. on April 25, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Moenchengladbach
         Meeting Hall A 14
         Ground Floor
         Hohenzollernstr. 157
         41061 Moenchengladbach
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Klaus Siemon
         Homberger Strasse 12
         40474 Duesseldorf
         Germany
         Tel: 0211/479970
         Fax: +492114799750

The District Court of Moenchengladbach opened bankruptcy
proceedings against McMo GmbH on Feb. 5.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         McMo GmbH
         Aachener Strasse 415
         41069 Moenchengladbach
         Germany

         Attn: Roland Debschuetz, Manager
         Melissenstrasse 25
         41466 Neuss
         Germany


MSG STEUERBERATUNGSGESELLSCHAFT: Claims Deadline Set March 26
-------------------------------------------------------------
Creditors of MSG Steuerberatungsgesellschaft mbH have until
March 26 to register their claims with court-appointed
insolvency manager Thorsten Konrad.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on May 7, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Mannheim
         Hall 232
         West Wing, Second Floor
         Schloss
         68149 Mannheim
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Thorsten Konrad
         Saarburger Ring 10-12
         68229 Mannheim
         Germany
         Tel: 0621/483240

The District Court of Mannheim opened bankruptcy proceedings
against MSG Steuerberatungsgesellschaft mbH on Feb. 7.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         MSG Steuerberatungsgesellschaft mbH
         Attn: Rainer Baecker, Manager
         Schoenauer Str. 11
         68723 Plankstadtvormals Carl-Theodor-Str. 21
         68723 Schwetzingen
         Germany


OWS-PROJEKTBAU GMBH: Claims Registration Ends March 19
------------------------------------------------------
Creditors of OWS-Projektbau GmbH have until March 19 to register
their claims with court-appointed insolvency manager Dr. Winfrid
Andres.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 3, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Essen
         Meeting Hall 291
         Second Floor
         Zweigertstr. 52
         45130 Essen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Winfrid Andres
         Heinrich-Held-Str. 16
         45133 Essen
         Germany

The District Court of Essen opened bankruptcy proceedings
against OWS-Projektbau GmbH on Feb. 12.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         OWS-Projektbau GmbH
         Heinz-Backer-Str. 27
         45356 Essen
         Germany

         Attn: Ottmar Weibels, Manager
         Schwarze Str. 98
         45356 Essen
         Germany


OXMOX GMBH: Creditors' Meeting Slated for April 10
--------------------------------------------------
The court-appointed insolvency manager for OXMOX GmbH, Thomas
Maier, will present his first report on the Company's insolvency
proceedings at a creditors' meeting at 2:00 p.m. on April 10.

The meeting of creditors and other interested parties will be
held at:

         The District Court of Pirmasens
         Hall 20
         Bahnhofstrasse 22-26
         66953 Pirmasens
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 3:00 p.m. on May 8 at the same venue.

Creditors have until April 16 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Thomas Maier
         Pirmasenser Strasse 18
         66994 Dahn
         Germany
         Tel: 06391/92280
         Fax: 06391/922899
         E-mail: insolvenz@stb-maier.de

The District Court of Pirmasens opened bankruptcy proceedings
against OXMOX GmbH on Feb. 15.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         OXMOX GmbH
         Attn: Axel Federlein, Manager
         Sengelsbergstrasse 11
         66955 Pirmasens
         Germany


P & P WOHNUNGSBAUGESELLSCHAFT: Claims Registration Ends April 3
---------------------------------------------------------------
Creditors of P & P Wohnungsbaugesellschaft mbH have until
April 3 to register their claims with court-appointed insolvency
manager Dr. Holger Lessing.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 24, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Offenbach am Main
         Hall 166N
         First Floor
         Kaiserstrasse 16-18
         63065 Offenbach am Main
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Holger Lessing
         Hanauer Landstr. 287-289, D
         60314 Frankfurt am Main
         Germany
         Tel: 069/15051-300
         Fax: 069/15051-400

The District Court of Offenbach am Main opened bankruptcy
proceedings against P & P Wohnungsbaugesellschaft mbH on
Feb. 12.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         P & P Wohnungsbaugesellschaft mbH
         Attn: Michael Posern, Manager
         Am Hainer Berg 3
         63303 Dreieich
         Germany


PARTNER BAU: Claims Registration Ends March 12
----------------------------------------------
Creditors of PARTNER BAU GMBH have until March 12 to register
their claims with court-appointed insolvency manager Sven
Krueger.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on March 26, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Luebeck
         Hall 256
         Am Burgfeld 7
         23568 Luebeck
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Sven Krueger
         Roeckstrasse 40
         23568 Luebeck
         Germany

The District Court of Luebeck opened bankruptcy proceedings
against PARTNER BAU GMBH on Feb. 15.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         PARTNER BAU GMBH
         Attn: Herrn Thomas Hollex, Manager
         Eisenbahnstr. 8
         23569 Luebeck
         Germany


PERA BAU: Creditors' Meeting Slated for April 13
------------------------------------------------
The court-appointed insolvency manager for PERA Bau GmbH, Rolf
Nacke, will present his first report on the Company's insolvency
proceedings at a creditors' meeting at 9:45 a.m. on April 13.

The meeting of creditors and other interested parties will be
held at:

         The District Court of Charlottenburg
         Second Stock Hall 218
         Amtsgerichtsplatz 1
         14057 Berlin
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 9:30 a.m. on July 13 at the same venue.

Creditors have until May 12 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Rolf Nacke
         Gross-Berliner Damm 73 c
         12487 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against PERA Bau GmbH on Feb. 12.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         PERA Bau GmbH
         Ahornstrasse 20
         12163 Berlin
         Germany


PROF. LAUERMANN: Creditors Must Register Claims by March 30
-----------------------------------------------------------
Creditors of Prof. Lauermann GmbH have until March 30 to
register their claims with court-appointed insolvency manager
Oliver Schulte.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on April 24, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Detmold
         Meeting Room 12
         Ground Floor
         Gerichtsstr. 6
         32756 Detmold
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Oliver Schulte
         Moltkestr. 12
         32756 Detmold
         Germany

The District Court of Detmold opened bankruptcy proceedings
against Prof. Lauermann GmbH on Feb. 15.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Prof. Lauermann GmbH
         Roedlinghauser Str. 10
         32760 Detmold
         Germany

         Attn: Klaus Stenzel, Manager
         Benekestr. 5
         32756 Detmold
         Germany


PROSIEBENSAT.1 MEDIA: Earns EUR240.7 Million in Fiscal 2006
-----------------------------------------------------------
ProsiebenSat.1 Media AG released its preliminary financial
results for the year ended Dec. 31, 2006.

ProsiebenSat.1 Media posted EUR240.7 million in net profit
against EUR2.11 billion net revenues for the year ended Dec. 31,
2006, compared with EUR220.9 million in net profit against
EUR1.99 billion in net revenues for the same period in 2005.

"The ProSiebenSat.1 Group had a very successful fiscal 2006.  We
increased our TV advertising revenues and enhanced our stations'
profitability even further.  Our new lines of business sped up
the Group's growth even more," said Guillaume de Posch, chief
executive officer of ProSiebenSat.1 Media AG.

"Strategically, we accomplished a great deal during the year.
We ensured digital distribution of our programming, and we put
new services on the market, like our two Pay TV channels.  In
Call TV, Mobile TV and video-on-demand, we are already the
largest provider in Germany.  We've positioned the Group
successfully for the digital future."

                             Outlook

The German economic research institutes assume that the upswing
in the German economy will continue during the year.  They
project that gross domestic product will gain between 1.4 and
2.1% in 2007.  The economic experts cite rising domestic demand
as one reason for growth.

The ProSiebenSat.1 Group assumes that this expansion will have a
positive impact on the TV advertising market, and currently
views 2 to 3% as a realistic expectation for net growth in the
German TV advertising market for 2007.

Given advertising clients' habit of booking on short notice,
long-term projections for the TV advertising market are always
subject to reservations.  The ProSiebenSat.1 Group projects that
it can achieve above-average growth in TV advertising revenues,
and can thus expand its lead in the German TV market, given that
the family of stations will achieve the planned ratings.  In the
future, profitable growth at the ProSiebenSat.1 Group will
continue to be supported primarily by the main line of business,
advertising-financed television.

"The ProSiebenSat.1 Group will continue emphatically pursuing
its strategic goals in the current year.  We will strengthen our
core business in Free TV with a whole line of new programming.
Our stations have many new programs that will debut in the
spring.  At the same time, we will expand our new lines of
business," said Mr. de Posch.

"Our Diversification revenues will grow both organically and
through acquisitions.  With our investment in Solute we have
just acquired another innovative Internet company.  We are thus
further expanding our position as one of the largest providers
on the Internet."

Against this background, the ProSiebenSat.1 Group assumes that
it will achieve further gains in both revenues and earnings this
fiscal year.  In so doing, the Group will systematically further
pursue its programs to enhance efficiency in all areas.  During
the current fiscal year, including further acquisitions, the
Diversification unit is expected to contribute up to 15% of
Group revenues.


ROMA ROHRLEITUNGS: Creditors Must Register Claims by March 10
-------------------------------------------------------------
Creditors of ROMA Rohrleitungs- und Maschinenbau Planung GmbH
have until March 10 to register their claims with court-
appointed insolvency manager Rolf G. Pohlmann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:10 a.m. on April 10, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Munich
         Meeting Hall 102
         Infanteriestr. 5
         80097 Munich
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Rolf G. Pohlmann
         Richard-Strauss-Str. 69
         81677 Munich
         Germany
         Tel: (089)548033-0
         Fax: (089)548033-111

The District Court of Munich opened bankruptcy proceedings
against ROMA Rohrleitungs- und Maschinenbau Planung GmbH on
Feb. 14.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         ROMA Rohrleitungs- und Maschinenbau Planung GmbH
         Landsberger Strasse 318
         80687 Munich
         Germany


SCHAFBERGER GMBH: Creditors Must Register Claims by April 23
------------------------------------------------------------
Creditors of Schafberger GmbH have until April 23 to register
their claims with court-appointed insolvency manager
Hubert Ampferl.

Creditors and other interested parties are encouraged to attend
the meeting at 2:00 p.m. on May 7, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Amberg
         Room 115
         Meeting Hall V
         First Stock
         Baustadelgasse 1
         Amberg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Hubert Ampferl
         Stahlstrasse 17
         90411 Nuremberg
         Germany
         Tel: 0911/951 285-0
         Fax: 0911/951 285-10

The District Court of Amberg opened bankruptcy proceedings
against Schafberger GmbH on Feb. 14.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Schafberger GmbH
         Regensburger Str. 101
         93142 Maxhuette-Haidhof
         Germany



SRS INGENIEURBUERO: Creditors Must Register Claims by April 14
--------------------------------------------------------------
Creditors of SRS Ingenieurbuero fuer Filtertechnik GmbH have
until April 14 to register their claims with court-appointed
insolvency manager Dr. Olaf Buechler.

Creditors and other interested parties are encouraged to attend
the meeting at 9:05 a.m. on May 14, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Hamburg
         Hall B 405
         Fourth Floor Annex
         Civil Justice Bldg.
         Sievkingplatz 1
         20355 Hamburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Olaf Buechler
         Herrengraben 3
         20459 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against SRS Ingenieurbuero fuer Filtertechnik GmbH on Feb. 14.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         SRS Ingenieurbuero fuer Filtertechnik GmbH
         Attn: Jan Babeurs, Manager
         Ahrensburger Strasse 138
         22045 Hamburg
         Germany


SUN HOTELREINIGUNG: Creditors Must Register Claims by April 2
-------------------------------------------------------------
Creditors of SUN Hotelreinigung und Dienstleistungen GmbH have
until April 2 to register their claims with court-appointed
insolvency manager Peter Jost.

Creditors and other interested parties are encouraged to attend
the meeting at 8:40 a.m. on May 8, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Frankfurt (Main)
         Hall 2
         Building F
         Klingerstrasse 20
         60313 Frankfurt (Main)
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Peter Jost
         Pfingstweidstrasse 3
         D 60316 Frankfurt/Main
         Germany
         Tel.: 069/209739-0
         Fax: 069/20973929

The District Court of Frankfurt (Main) opened bankruptcy
proceedings against SUN Hotelreinigung und Dienstleistungen GmbH
on Feb. 14.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         SUN Hotelreinigung und Dienstleistungen GmbH
         Talstr. 119
         60437 Frankfurt am Main
         Germany


TEK PROJEKTBAU: Claims Registration Ends May 15
-----------------------------------------------
Creditors of TEK Projektbau GmbH have until May 15 to register
their claims with court-appointed insolvency manager Christoph
Rosenmueller.

Creditors and other interested parties are encouraged to attend
the meeting at 8:30 a.m. on March 30, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Charlottenburg
         Second Stock Hall 218
         Amtsgerichtsplatz 1
         14057 Berlin
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 9:25 a.m. on July 13.

The insolvency manager can be reached at:

         Christoph Rosenmueller
         Berliner Str. 117
         10713 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against TEK Projektbau GmbH on Feb. 15.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         TEK Projektbau GmbH
         Charlottenstr. 80
         10117 Berlin
         Germany


V IM FORUM: Claims Registration Ends April 3
--------------------------------------------
Creditors of V IM FORUM Verwaltungs-GmbH have until April 3 to
register their claims with court-appointed insolvency manager
Guenter Trutnau.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 18, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Essen
         Meeting Hall 185
         Ground Floor
         Zweigertstr. 52
         45130 Essen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Guenter Trutnau
         III. Hagen 30
         45127 Essen
         Germany

The District Court of Essen opened bankruptcy proceedings
against V IM FORUM Verwaltungs-GmbH on Feb. 14.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         V IM FORUM Verwaltungs-GmbH
         Recklinghauser Str. 7
         45721 Haltern
         Germany

         Attn: Tina Kesselboom, Manager
         Nordseestr. 33
         45665 Recklinghausen
         Germany


VALLEY VILLAGE: Claims Registration Ends April 4
------------------------------------------------
Creditors of VALLEY VILLAGE RECORDS Studio &
Tontragergesellschaft mbH have until April 4 to register their
claims with court-appointed insolvency manager Uwe Kassing.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on April 25, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Lueneburg
         Hall 302
         Ochsenmarket 3
         21335 Lueneburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Uwe Kassing
         Pulverweg 1a
         21337 Lueneburg
         Germany
         Tel: 0 700 800 800 25
         Fax: 0 700 800 800 27

The District Court of Lueneburg opened bankruptcy proceedings
against VALLEY VILLAGE RECORDS Studio & Tontragergesellschaft
mbH on Feb. 8.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

         VALLEY VILLAGE RECORDS Studio&Tontragergesellschaft mbH
         Attn: Ursula Schukat, Manager
         Danziger Str. 4
         21435 Stelle
         Germany


WERBESTUDIO NORD: Claims Registration Ends March 23
---------------------------------------------------
Creditors of Werbestudio NORD GmbH have until March 23 to
register their claims with court-appointed insolvency manager
Uta Plischkaner.

Creditors and other interested parties are encouraged to attend
the meeting at 12:20 p.m. on April 23, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Schwerin
         Demmlerplatz 14
         Saal 7
         Schwerin
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Uta Plischkaner
         Joh.Stelling - Str. 1
         19053 Schwerin
         Germany

The District Court of Schwerin opened bankruptcy proceedings
against Werbestudio NORD GmbH on Feb. 6.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Werbestudio NORD GmbH
         Attn: Olaf Achsel, Manager
         Karpendieck 2a
         23970 Kritzow
         Germany


WITZKE BAUSERVICE: Claims Registration Ends March 26
----------------------------------------------------
Creditors of Witzke Bauservice GmbH have until March 26 to
register their claims with court-appointed insolvency manager
Dirk Decker.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on May 7, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Pinneberg
         Hall 5
         First Floor
         Station Route 17
         25421 Pinneberg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dirk Decker
         Speersort 4-6
         20095 Hamburg
         Germany

The District Court of Pinneberg opened bankruptcy proceedings
against Witzke Bauservice GmbH on Feb. 8.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Witzke Bauservice GmbH
         Attn: Reinhard Witzke, Manager
         Im Roseneck 9
         25474 Hasloh
         Germany


=============
I R E L A N D
=============


DEALES MORTON: Enters Into Receivership Procedure
-------------------------------------------------
Deales Morton Group has gone into receivership after
profitability suffered from increasing competition and high
overheads, Ian Kehoe writes for the Sunday Business Post.

The company's bankers appointed Tom Kavanagh of Kavanagh Fennell
as receiver.

Mr. Kavanagh is seeking a buyer for the furniture supplier as a
going concern.

Headquartered in Dublin, Ireland, Deales Morton Group, which is
incorporated as Edwin Deale & Son Ltd., supplies office
furniture.  The company, controlled by brothers Richard and
Edward Morton, reported about EUR3 million in annual sales.


SCOTTISH RE: Facing Bankruptcy Absent MassMutual/Cerberus Deal
--------------------------------------------------------------
Scottish Re Group Ltd. has postponed until March 2 a
shareholders' meeting to vote on a US$600 million takeover bid
proposed by U.S. companies MassMutual Capital Partners LLC and
Cerberus Capital Management, L.P.

The meeting has been delayed to allow shareholders an
opportunity to consider an amendment that would indemnify
MassMutual/Cerberus by US$68.5 million should they be approved
the majority owners, the company's chief executive officer said
in a statement.

Institutional Shareholder Services and Glass Lewis & Co., both
independent proxy advisory firms, recommended to Scottish Re's
shareholders to accept the offer.  Company executives warned of
a possible bankruptcy filing once shareholders reject the
proposal, Scott Neil writes for the Royal Gazette.

The company's fourth quarter release doesn't bode well for its
future.  Its US$231.6 million quarter loss prompted a ratings
downgrade from Fitch.  The rating agency said in its release
that should the Cerberus/MassMutual deal goes down the drain,
the company's Insurer Financial Strength could suffer a further
downgrade to junk level from its BB+ rating.

In last week's conference call, Chief Executive Officer Paul
Goldean was quoted by the Royal Gazette as saying: "Without a
transaction such as MassMutual/Cerberus, further rating
downgrades are certain.  The rating agencies have also indicated
that simply raising additional capital will not result in an
increase in our ratings.  This was a significant consideration
in evaluating a potential rights offering.

"An increase in our ratings is critical not only in order to
write new business but more importantly for us to be able to
successfully to complete financing facilities in order to meet
our significant collateral.

"If the MassMutual/Cerebrus transaction or a similar transaction
is not completed in the very near term the company will have no
alternative but to seek protection under applicable bankruptcy
and insolvency laws almost immediately.

"2006 was a difficult year for all the stakeholders of
ScottishRe.  With the closing the MassMutual/Cerebrus
transaction we look forward to returning our full attention of
the company to our reinsurance business to regain our former
status as one of the industries leading participants."

Scottish Re Group Limited -- http://www.scottishre.com/--  
provides reinsurance of life insurance, annuities and annuity-
type products through its operating companies in Bermuda,
Charlotte, North Carolina, Dublin, Ireland, Grand Cayman, and
Windsor, England.  At March 31, 2006, the reinsurer's balance
sheet showed US$12.2 billion assets and US$10.8 billion in
liabilities.

                        *     *     *

Moody's Investors Service continues to review the ratings of
Scottish Re Group Ltd. with direction uncertain following the
announcement by the company that it has entered into an
agreement to sell a majority stake to MassMutual Capital
Partners LLC, a member of the MassMutual Financial Group and
Cerberus Capital Management, L.P., a private investment firm.

Ratings under review include Scottish Re Group Limited's senior
unsecured debt which is rated at Ba3 and preferred stock rated
at B2.

Standard & Poor's Ratings Services has also revised the
CreditWatch status of its ratings on Scottish Re Group Ltd.,
Scottish Re's operating companies, and dependent unwrapped
securitized deals to positive from negative.  Scottish Re has a
'CCC' counterparty credit rating, and Scottish Re's operating
companies have 'B+' counterparty credit and financial strength
ratings.  These ratings were placed on CreditWatch negative on
July 31, when Scottish Re announced poor second-quarter results
and that liquidity was tight.

Fitch Ratings added that Scottish Re Group Ltd.'s ratings remain
on Rating Watch Negative following the announcement that SCT has
entered into an agreement, which will result in a new equity
investment into the company of US$600 million.  SCT's ratings
were placed on Rating Watch Negative on July 31, due to concerns
regarding the company's ability to repay US$115 million of
senior convertible notes that are expected to be put to the
company on Dec. 6.  Ratings on Rating Watch Negative include the
company's BB issuer default rating and the BB- rating on its
4.5% USUS$115 million senior convertible notes.

A.M. Best Co. has downgraded the Financial Strength Rating to B
from B+ and the issuer credit ratings to "bb+" from "bbb-" of
the primary operating insurance subsidiaries of Scottish Re
Group Limited.  A.M. Best has also downgraded the ICR of
Scottish Re to "b" from "bb-" and all of Scottish Re's debt
ratings.  All ratings remain under review with negative
implications.


=========
I T A L Y
=========


ALITALIA SPA: Italy Hikes Offered Stake to 39.9%; Amends Terms
------------------------------------------------------------
The Italian government has amended the terms of the tender to
sell part of its stake in national carrier Alitalia S.p.A.,
according to published reports.

Italy, through its Finance Ministry, is now selling 39.9% of
Alitalia, keeping a 10% stake in the carrier, Reuters relays.

Reports say the new terms of the agreement provides that the
buyer must:

   -- retain Alitalia as Italy's national carrier for eight
      years, keeping its brand and logo during the period;

   -- keep Alitalia's headquarters in Italy;

   -- ensure Alitalia has adequate level of local and
      international flights for five years;

The government also gave potential bidders until April 16 to
submit non-binding offers and a five-year business plan for
Alitalia, the Financial Times reports.  The plan, which must
include job levels, will be binding for three years and can only
be amended with the government's approval.

The buyer also has to consult Alitalia's unions and sector trade
associations if it wants to amend its staffing plans, the
Associated Press relates.  The government stressed that it will
not assist the buyer in achieving the business plan.

In a TCR-Europe report on Feb. 19, the Italian government has
chosen five interested parties to participate in the second
round of bidding process for its stake in Alitalia.

The Finance Ministry, advised by Merrill Lynch and Chiomenti
Studio Legale, short-listed these interested parties for the
next phase of the tender:

   -- UBM, a unit of Unicredito Italiano S.p.A.,

   -- Texas Pacific Group Europe LLP,

   -- AP Holding S.p.A., owned by AirOne chief Carlo Toto,

   -- a consortium of Management & Capitali S.p.A., Cerberus
      European Investments LLC, ELQ Investors Ltd. and
      Lefinalc S.p.A., and

   -- MatlinPatterson Global Advisers LLC,

Italy's Ministry of Economy and Finance invited interested
parties to submit a non-binding offer for around 30.1% to 49.9%
of Alitalia's capital and 1,207,147,404 convertible bonds of the
carrier's 7.5% 2002-2010 debenture loan.  The sale will take
place through a competitive procedure involving direct
negotiations with potential buyers.

The Ministry gave short-listed bidders until April 2 to partner
with other interested investors, AFX News relates.  Airline
industry analysts, FT adds, said this clause allows Air France-
KLM to stay in queue to acquire Alitalia.

Italy aims to complete the sale by June.

                         About Alitalia

Headquartered in Rome, Italy, Alitalia S.p.A. --
http://www.alitalia.it/-- provides air travel services for
passengers and air transport of cargo on national, international
and inter-continental routes.  In Europe, the company reaches 45
airports, with 1,238 flights per week.  In the rest of the
world, the Alitalia Group's aircrafts operate out of 32 airports
with 255 flights per week.  The Alitalia Group network is
centered on two main airports, Rome Fiumicino and Milan
Malpensa, and includes, as of Sept. 30, 2006, an operating fleet
of 182 aircrafts.  The Italian government owns 49.9% of
Alitalia.

Despite a EUR1.4 billion state-backed restructuring in 1997,
Alitalia posted net losses of EUR256 million and EUR907 million
in 2000 and 2001 respectively.  Alitalia registered
EUR93 million in net profits in 2002 after a EUR1.4 billion
capital injection.  The carrier booked consecutive annual net
losses of EUR520 million in 2003, EUR813 million in 2004, and
EUR168 million in 2005.


ALITALIA SPA: Shareholders Confirm New Board of Directors
---------------------------------------------------------
Shareholders of Alitalia S.p.A. approved a new Board of
Directors for the company.

The five members of the Board are:

   -- Prof. Avv. Berardino Libonati (Chairman)
   -- Prof. Avv. Aristide Police
   -- Dott. Giovanni Sabatini
   -- Prof. Carlo Santini
   -- Dott. Luciano Vannozzi

Mr. Libonati, Mr. Police and Mr. Santini stated that they
possessed all the requisites of independence as set out in
article 148, paragraph 3, of Legislative Decree dated 24
February 1998 no. 58, and their suitability to qualify as
independent members as per the Code of Self-discipline issued by
the Borsa Italiana S.p.A..

The curricula vitae of the Chairman and the other directors were
deposited at the Company offices, to be available for
consultation, and will be published on the Company Web site.

The Board did not set up internal committees, and did not
appoint executive directors.

                         About Alitalia

Headquartered in Rome, Italy, Alitalia S.p.A. --
http://www.alitalia.it/-- provides air travel services for
passengers and air transport of cargo on national, international
and inter-continental routes.  In Europe, the company reaches 45
airports, with 1,238 flights per week.  In the rest of the
world, the Alitalia Group's aircrafts operate out of 32 airports
with 255 flights per week.  The Alitalia Group network is
centered on two main airports, Rome Fiumicino and Milan
Malpensa, and includes, as of Sept. 30, 2006, an operating fleet
of 182 aircrafts.  The Italian government owns 49.9% of
Alitalia.

Despite a EUR1.4 billion state-backed restructuring in 1997,
Alitalia posted net losses of EUR256 million and EUR907 million
in 2000 and 2001 respectively.  Alitalia registered EUR93
million in net profits in 2002 after a EUR1.4 billion capital
injection.  The carrier booked consecutive annual net losses of
EUR520 million in 2003, EUR813 million in 2004, and EUR168
million in 2005.


FIAT GROUP: Orders for Bravo Model Reaches 8,000 Units
------------------------------------------------------
Fiat Group Automobile S.p.A. has received around 8,000 orders
for its Bravo model since its presentation in January, Bloomberg
News reports.

The company aims to sell 70,000 Bravo cars in 2007 and hike
sales to 120,000 annually starting next year.  The Bravo model
replaces Stilo model as part Fiat's effort to capture more
customers in Europe's larger car market.

Meanwhile, Fiat will present its new 500 model on July 4 instead
of September, Bloomberg News cites CEO Sergio Marchionne.  The
chief executive said Fiat aims to sell 58,000 of the 500 model
in 2007 and 120,000 in 2008.

                            About Fiat

Headquartered in Turin, Italy, Fiat Group Automobiles S.p.A.
(fka Fiat S.p.A.) -- http://www.fiatgroup.com/-- manufactures
and sells automobiles, commercial vehicles, and agricultural and
construction equipment.  It also manufactures, for use by the
company's automotive sectors and for sale to third parties,
other automotive-related products and systems, principally power
trains (engines and transmissions), components, metallurgical
products and production systems.  Fiat's creditors include Banca
Intesa, Banca Monte dei Paschi di Siena, Banca Nazionale del
Lavoro, Capitalia, Sanpaolo IMI, and UniCredito Italiano.

                          *     *     *

In a TCR-Europe report on Feb. 14, Moody's Investors Service
upgraded to Ba2 from Ba3 Fiat S.p.A.'s Corporate Family Rating,
and the group's other long-term senior unsecured ratings.  At
the same time, the positive outlook on all long-term ratings
was maintained.  The short-term non-Prime rating remains
unchanged.

In a TCR-Europe report on Jan. 30, Standard & Poor's Ratings
Services revised its outlook on Italian industrial group Fiat
S.p.A. to positive from stable.  At the same time, the 'BB'
long-term and 'B' short-term corporate credit ratings on Fiat
were affirmed.

Fitch Ratings upgraded Fiat S.p.A.'s and Fiat Finance and Trade
Ltd. S.A.'s respective Issuer Default and senior unsecured
ratings to 'BB' from 'BB-'.  Fiat's Short-term rating is
affirmed at 'B'.  The Outlook on the Issuer Default rating
remains Positive.


===================
K A Z A K H S T A N
===================


CAV LLP: Creditors Must File Claims by April 6
----------------------------------------------
The Specialized Inter-Regional Economic Court of Mangistau
Region declared LLP Cav insolvent.

Creditors have until April 6 to submit written proofs of claim
to:

         LLP Cav
         Micro District 28, 5-41
         Aktau
         Mangistau Region
         Kazakhstan
         Tel/Fax: 8 (3292) 40-20-48
         8 (7015) 22-34-03


INEMA LLP: Claims Filing Period Ends April 6
--------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube Region
declared LLP Inema insolvent.

Creditors have until April 6 to submit written proofs of claim
to:

         LLP Inema
         Altynsarin Str. 31
         Aktobe
         Aktube
         Kazakhstan
         Tel: 8 (3132) 21-30-32


MUKAN TOLEBAEVA: Proof of Claim Deadline Slated for April 6
-----------------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty Region
declared LLP Mukan Tolebaeva insolvent.

Creditors have until April 6 to submit written proofs of claim
to:

         LLP Mukan Tolebaeva
         Micro District Musheltoi, 37-21
         Taldykorgan
         Almaty
         Kazakhstan


RABANI LLP: Claims Registration Ends April 6
--------------------------------------------
The Specialized Inter-Regional Economic Court of East Kazakhstan
Region declared LLP Rabani.  Subsequently, and bankruptcy
proceedings were introduced at the company.

Creditors have until April 6 to submit written proofs of claim
to:

         LLP Rabani
         Utepov Str. 34/4-54
         Ust-Kamenogorsk
         East Kazakhstan
         Kazakhstan
         Tel/Fax: 8 (3232) 24-29-03


REDO LLP: Proof of Claim Deadline Slated for April 6
----------------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube Region
declared LLP Redo insolvent.

Creditors have until April 6 to submit written proofs of claim
to:

         LLP Redo
         Altynsarin Str. 31
         Aktobe
         Aktube
         Kazakhstan
         Tel: 8 (3132) 21-30-32


===================
K Y R G Y Z S T A N
===================


M. STAR-TRAVEL: Claims Filing Period Ends April 6
-------------------------------------------------
LLC M. Star-Travel (INN 01603200610042) has declared insolvency.
Creditors have until April 6 to submit written proofs of claim
to:

         LLC M. Star-Travel
         Internatsionalnaya Str. 164/39
         Osh, Kyrgyzstan
         Tel: (0-502) 55-00-10


=====================
N E T H E R L A N D S
=====================


LG.PHILIPS: To Sell Czech Display Plant to CTP Invest for EUR40M
----------------------------------------------------------------
LG.Philips Displays is selling its cathode-ray tube factory in
the Czech Republic for EUR40 million to business parks developer
CTP Invest, Bill Rochelle, the bankruptcy columnist for
Bloomberg News, reports.

LG.Philips Displays Holding B.V. is the European holding company
for Hong Kong-based LG.Philips Displays.  On Jan. 27, 2006,
LG.Philips Displays Holding B.V. filed for insolvency protection
along with its Dutch subsidiary, LG.Philips Displays Netherlands
B.V., and its German subsidiary in Aachen due to worsening
conditions in the CRT marketplace and unsustainable debt.

Less than two months after the insolvency filings in Europe, the
company's U.S. unit, LG.Philips Displays USA Inc., filed a
chapter 11 petition in the U.S. Bankruptcy Court for the
District of Delaware on March 15.

As reported in the Troubled Company Reporter-Europe, the
LG.Philips Displays group had scaled down its cathode ray tube
production after the market saw an increase in demand for new
flat panel televisions, including liquid crystal display and
plasma televisions.

                    About LG.Philips Displays

Headquartered in Hong Kong, LG.Philips Displays --
http://www.lgphilips-displays.com/-- manufactures cathode ray
tubes for use in televisions and computer monitors.  The company
produces one in every four television and computer monitor tubes
sold.  Making use of its global manufacturing infrastructure, it
provides regional supplies to top TV and monitor brands
worldwide.  LG.Philips Displays continues to be committed to the
CRT industry and will maintain a strong profile based on its
competitive operations and innovative, high-quality products.


===========
R U S S I A
===========


CENTERTELECOM OJSC: Pays Fifth Coupon on Series 04 Bonds
--------------------------------------------------------
OJSC CenterTelecom has conducted in full measure payment of the
yield on the fifth coupon of interest-bearing documentary non-
convertible series 04 bearer bonds in the amount of
RUR389,027,348.05.

According to the Decision on Securities Issue approved by the
Board of Directors of OJSC CenterTelecom on April 28, 2004,
interest rate on the fifth coupon of the bonds equals to the
rate of the first coupon.  The rate of the first coupon was
defined on the start date of the bonds placement at the MICEX
and approved by the Order of General Director to be 13.8% per
annum.  The amount of the yield paid on one bond of OJSC
CenterTelecom amounted to RUR69.19.

During the period from Aug. 20, 2006 to Feb. 16, 2007, 2796
deals, total value of which amounted to RUR57.137 billion, were
concluded at the MICEX.  This number included:

   -- 424 negotiated trade deals in the amount of
      RUR15.46 billion; and

   -- 1437 repo-transactions in the amount of RUR39.16 billion;

The maximum price reached 123.85% of the nominal.

Interest-bearing documentary non-convertible series 04 bearer
bonds were placed on Aug. 17-31, 2004.  The placement was
conducted through public offer, the placement price was
determined to be RUR1,000 per bond (100% of nominal).  Issue
value made RUR5.62 billion, circulation period 1830 days.  There
are 10 coupons with coupon period of 183 days stipulated for the
issue.  The rates of second to 10th coupons equal to the rate of
the first coupon at 13.8% per annum.

                       About CenterTelecom

OAO CenterTelecom -- http://www.centertelecom.ru/eng-- provides
fixed-line and mobile communications in the Russian Central
Federal District.  CenterTelecom had a charter capital of
RUR6.31 billion (about US$234 million) as of July 1, 2006.

The company's shares are listed on the Russian Trading System
stock exchange and the Moscow Inter-Bank Currency Exchange, and
its Level-1 American Depositary Receipts circulate on the U.S.
over-the-counter market and the Berlin and Frankfurt stock
exchanges.

                        *     *     *

As of Feb. 5, OAO CenterTelecom carries Standard & Poor's B
Corporate Credit Rating with stable outlook.  At the same time,
the company carries Fitch's Issuer Default B-, Short-term B,
National Long-term BB+ and a BB+ rating on its RUR3 billion
notes due August 2011 with stable outlook.


DOROZHNIK OJSC: Asset Sale Slated for March 2
---------------------------------------------
The insolvency manager and bidding organizer for OJSC Dorozhnik
will proceed with a repeated auction for the company's
properties at 2:00 p.m. on March 2 at:

         The Insolvency Manager and Bidding Organizer
         Komsomolskiy Pr. 79
         Barnaul
         Russia

The company has set a RUR13,192,428 starting price for the
auctioned assets.

Interested participants have until March 1 to deposit an amount
equivalent to 10% of the starting price to:

         OJSC Dorozhnik
         Settlement Account 40702810802530000112
         Correspondent Account 30101810200000000604
         BIK 040173604
         Altayskiy bank SB RF
         Barnaul
         Russia

Bidding documents must be submitted to:

         The Insolvency Manager and Bidding Organizer
         Komsomolskiy Pr. 79
         Barnaul
         Russia

The Debtor can be reached at:

         OJSC Dorozhnik
         Veseloyarskiy Trakt Str. 21
         Rubtsovsk
         Russia


ENERGO-SBYT CJSC: Bankruptcy Hearing Slated for April 11
--------------------------------------------------------
The Arbitration Court of Kurgan will convene at 2:00 p.m. on
April 11 to hear the bankruptcy supervision procedure on CJSC
Energo-Sbyt (TIN 4524007360).  The case is docketed under Case
No. A34-8112/2006.

The Temporary Insolvency Manager is:

         M. Sentyurin
         Volodarskogo Str. 57-408
         640000 Kurgan
         Russia

The Debtor can be reached at:

         CJSC Energo-Sbyt
         Novostroek Block 17
         Shumikha, Kurgan
         Russia


GOLDEN WOOD: Court Starts Bankruptcy Supervision Procedure
----------------------------------------------------------
The Arbitration Court of Vladimir commenced bankruptcy
supervision procedure on LLC Golden Wood.  The case is docketed
under Case No. A11-13116/2006-K1-459B/8B.

The Temporary Insolvency Manager is:

         V. Shumilov
         Mekhanizatorov Str. 40A
         Muromskiy
         602209 Vladimir
         Russia

The Court is located at:

         The Arbitration Court of Vladimir
         Oktyabrskiy Pr. 14
         600025 Vladimir
         Russia

The Debtor can be reached at:

         LLC Golden Wood
         Miurom
         Vladimir
         Russia


KOLPINSKAYA INVESTMENT: Creditors Must File Claim by March 3
------------------------------------------------------------
Creditors of CJSC Kolpinskaya Investment Company have until
March 3 to submit written proofs of claim to:

         N. Popov, Insolvency Manager
         Post User Box 336
         OPS-100
         170100 Tver
         Russia

The Arbitration Court of St. Petersburg and Leningrad commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A56-35284/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         CJSC Kolpinskaya Investment Company
         Building 3
         Tverskaya 1/13
         Kolpino
         St. Petersburg
         Russia


KORONA-LAK CJSC: Moscow Bankruptcy Hearing Slated for June 5
------------------------------------------------------------
The Arbitration Court of Moscow will convene at 10:15 a.m. on
June 5 to hear the bankruptcy supervision procedure on CJSC
Korona-Lak.  The case is docketed under Case No. A40-75553/
06-86-1149B.

The Temporary Insolvency Manager is:

         N. Prilepin
         Post User Box 30
         123308 Moscow
         Russia

The Court is located at:

         The Arbitration Court of Moscow
         Novaya Basmannaya Str. 10
         Moscow
         Russia

The Debtor can be reached at:

         CJSC Korona-Lak
         Building 4
         B. Gruzinskaya Str. 4/6
         123242 Moscow
         Russia


LADOGA CJSC: Creditors Must File Claims by March 3
--------------------------------------------------
Creditors of CJSC Ladoga have until March 3 to submit written
proofs of claim to:

         N. Popov, Insolvency Manager
         Post User Box 366
         OPS-100
         170100 Tver
         Russia

The Arbitration Court of St. Petersburg and Leningrad commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A56-36185/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         CJSC Ladoga
         Zanevskiy Pr. 59
         St. Petersburg
         Russia


LEN-SHOES CJSC: Creditors Must File Claim by March 3
----------------------------------------------------
Creditors of CJSC Len-Shoes have until March 3 to submit written
proofs of claim to:

         N. Popov, Insolvency Manager
         Post User Box 366
         OPS-100
         170100 Tver
         Russia

The Arbitration Court of St. Petersburg and Leningrad commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A56-40237/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         CJSC Len-Shoes
         Apartment 3
         Mitavskiy Per. 10
         St. Petersburg
         Russia


MAGISTRAL' CJSC: Creditors Must File Claim by March 3
-----------------------------------------------------
Creditors of CJSC Transport Company Magistral' have until
March 3 to submit written proofs of claim to:

         N. Popov, Insolvency Manager
         Post User Box 366
         OPS-100
         170100 Tver
         Russia

The Arbitration Court of St. Petersburg and Leningrad commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A56-33196/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         CJSC Transport Company Magistral'
         Apartment 20
         Outhouse 63
         Obvodnogo Kanala Quay, 118
         St. Petersburg
         Russia


MDM BANK: Retail Loan Portfolio Exceeds US$1 Billion
----------------------------------------------------
The retail loan portfolio of MDM Bank had exceeded US$1 billion
as of Feb. 22, 2007.  The Bank's retail loan portfolio mostly
consists of autoloans, where MDM Bank is retaining the
leadership position.

In 2006 the Bank managed to double its auto loan portfolio that
reached US$841 million by the end of the year.  Such result was
based both on the market growth and on the systematic
development of the sales channels (regional network increased
from 180 to 451 points of sales, and the Moscow network -- from
35 to 62) and on the improving of the lending conditions.

In 2006 a number of new auto lending products were launched:

   -- loan for purchase of a used car from an individual without
      involvement of a car dealer;

   -- loan for purchase of a new car on repurchase conditions;

   -- interest-free payment by installments;

   -- loan for purchase of a new foreign-made motor bike;

   -- loan for purchase of a small size vessel.

Mortgage lending is another strategic priority of the retail
business of MDM Bank.  In 2006 the Bankmanaged to increase the
mortgage loan portfolio by three times, up to US$94.4 million.

At present MDM Bank offers programs for lending to individuals
for purchase of residential real estate in the primary and
secondary markets, as well as for purchase of detached
residential houses and townhouses.  In 2006, the Banksoftened
significantly the conditions of mortgage lending, having
increased the lending period up to 25 years and reduced the
initial installment down to 10%.

In 2006 MDM Bank worked a lot to improve the deposit terms and
conditions.  The Bank regularly offers to its clients seasonal
deposits on special terms and in 2006 the Bankoffered "New
Year's Eve" (Novogodny) and "Spring Feeling" deposits (Vesennee
Nastroenie).  Having placed funds on these deposits the clients
received gifts from the Bankin addition to higher interest
rates.

"Our most important tasks are creation of a powerful and
appealing brand, development of an extensive product line,
expansion in the growing regional markets," Michel Perhirin,
Chairman of the Management Board of MDM Bank, said.  "We set
ourselves the objective to increase the retail business by 50%
annually, on average.  The excellent results of 2006 prove the
feasibility of our strategy."

                           About MDM

Headquartered in Moscow, Russia, OJSC MDM Bank --
http://www.mdmbank.com/-- provides financial services organized
across four divisions: corporate banking, retail banking, and
investment banking.  The bank owns and operates 100 offices
throughout Russia.

                         *     *     *

In a TCR-Europe report on Dec. 26, 2006, Standard & Poor's
Ratings Services raised its long-term counterparty credit rating
on MDM Bank to 'BB-' from 'B+'.  S&P said the outlook is stable.
At the same time, the 'B' short-term counterparty credit rating
on the bank was affirmed.

As reported in the TCR-Europe on Dec 20, Fitch Ratings affirmed
Russia-based MDM Bank's and parent MDM Holding GmbH's ratings:

   * MDM Bank:

      -- Issuer Default rating and foreign currency senior
         unsecured debt: affirmed at 'BB-' (BB minus); IDR
         Outlook Positive.

      -- Subordinated debt: affirmed at 'B+'

      -- National Long-term rating and RUB senior unsecured
         debt: affirmed at 'A+(rus)'; Long-term rating Outlook
         Positive.

      -- Short-term rating affirmed at 'B'

      -- Individual rating: affirmed at 'C/D'

      -- Support rating: affirmed at '4'

   * MDM Holding GmbH:

      -- IDR: affirmed at 'BB-' (BB minus); Outlook Positive
      -- Short-term rating: affirmed at 'B'
      -- Individual rating: affirmed at 'C/D'
      -- Support rating: affirmed at '5'

MDM Bank's US$2 billion Program for the Issuance of Loan
Participation Notes also carries Ba2/Not Prime ratings from
Moody's.  The outlook is stable.


MIKHA CJSC: Creditors Must File Claims by March 3
-------------------------------------------------
Creditors of CJSC Holding Company Mikha have until March 3 to
submit written proofs of claim to:

         N. Popov, Insolvency Manager
         Post User Box 366
         OPS-100
         170100 Tver
         Russia

The Arbitration Court of St. Petersburg and Leningrad commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A56-36248/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         CJSC Holding Company Mikha
         Politekhnicheskaya 22
         St. Petersburg
         Russia


MOBILE TELESYSTEMS: Moscow Court Voids RUR1.22-Bln Tax Claim
------------------------------------------------------------
The Moscow Arbitrage Court has ruled in favor of Mobile
TeleSystems OJSC in its counter-claim against the Federal Tax
Service, rejecting tax claims for the years 2003 and 2004 in the
amount of RUR1.22 billion.

The Moscow Arbitrage Court ruled that tax claims in the amount
of RUR1.216 billion were void.  The tax claims against MTS were
the result of a tax inspection of the Company's financial
statements for the years 2003 and 2004 that amounted to
RUR1.28 billion, including approximately RUR308 million in fines
and penalties.

                          About MTS

Headquartered in Moscow, Russia, Mobile TeleSystems OJSC --
http://www.mtsgsm.com/-- is the largest mobile phone operator
in Russia and the CIS.  Together with its subsidiaries, the
Company services over 61.77 million subscribers.  The regions of
Russia, as well as Belarus, Turkmenistan, Ukraine, and
Uzbekistan, in which MTS and its associates and subsidiaries are
licensed to provide GSM services, have a total population of
around 233.1 million.  Since June 2000, MTS' Level 3 ADRs have
been listed on the New York Stock Exchange.

                        *     *     *

As of Dec. 31, 2005, MTS had a working capital deficit of
US$631.6 million, compared with a US$189 million working capital
deficit at Dec. 31, 2004.

MTS is rated to BB-/outlook stable by Standard & Poor's and
Ba3/outlook stable by Moody's.


MOBILE TELESYSTEMS: Names Pavel Pavlovsky to Head Ukrainian Unit
----------------------------------------------------------------
Mobile TeleSystems OJSC has appointed Pavel Pavlovsky, vice
president of MTS, as the Head of Business at MTS Ukraine and new
director general of UMC.

UMC's Supervisory Board has accepted Mr. Adam Wojacki's
resignation as Director General of UMC and Head of Business unit
MTS Ukraine effective March 30, 2007.

Mr. Pavlovsky, currently Head of Business unit "MTS Foreign
Subsidiaries," will succeed Mr. Wojacki as the new head of UMC
and Business unit "MTS Ukraine."

Mr. Wojacki, UMC's Director General since October 2005, has
decided to return to his native Poland upon expiration of his
work contract to continue his career in that country's
telecommunications industry.

"After six years as part of UMC's management, Adam decided to go
work in Poland, and we respect his wish," Leonid Melamed,
President and CEO of MTS, said.  "UMC is in excellent financial
shape and is demonstrating high growth rates - an accomplishment
attributable to Adam - and we are grateful to him for his work."

Mr. Pavlovsky has been with MTS since 2003.  Since 2006, as Vice
President and Head of Business unit "Foreign Subsidiaries," he
has supervised the operations of the Company's subsidiaries in
Ukraine (up until January 1, 2007, when UMC became a separate
business unit), Uzbekistan and Turkmenistan, as well as our 49%-
owned joint venture in Belarus.  In particular, under his
immediate direction, he implemented in 2006 the successful
rebranding of MTS operations in three countries. Mr. Pavlovsky
has been a member of UMC's Supervisory Board since 2005.

"The experience that Pavel gained at MTS as Head of Business
unit "Foreign Subsidiaries" in the reorganization of MTS as a
Group will help him implement UMC's strategy that was approved
by the Board of Directors of MTS in December 2006," Mr. Melamed
commented.  "He has demonstrated strong familiarity with the
Ukrainian market throughout his tenure on UMC's Supervisory
Board.  We are confident that Pavel will equal the task at
hand."

"I am glad to have been chosen to this position, and I feel
confident about the potential of MTS' Ukrainian operations," Mr.
Pavlovsky stated.  "UMC is a very strong company, and I will do
my best to apply our strategy of strengthening our market
positions while maintaining financial stability."

"I am grateful to have played a role in the development of the
Ukrainian wireless market, as it is one of the most dynamic
markets in the world," Mr. Wojacki said.  "I am saddened that I
am leaving the Company, but feel that it is the right time to
embark on a new career path with its own unique challenges.  I
wish Pavel all the best in his work and believe that he will
continue the proud tradition of success of UMC."

                          About MTS

Headquartered in Moscow, Russia, Mobile TeleSystems OJSC --
http://www.mtsgsm.com/-- is the largest mobile phone operator
in Russia and the CIS.  Together with its subsidiaries, the
Company services over 61.77 million subscribers.  The regions of
Russia, as well as Belarus, Turkmenistan, Ukraine, and
Uzbekistan, in which MTS and its associates and subsidiaries are
licensed to provide GSM services, have a total population of
around 233.1 million.  Since June 2000, MTS' Level 3 ADRs have
been listed on the New York Stock Exchange.

                        *     *     *

As of Dec. 31, 2005, MTS had a working capital deficit of
US$631.6 million, compared with a US$189 million working capital
deficit at Dec. 31, 2004.

MTS is rated to BB-/outlook stable by Standard & Poor's and
Ba3/outlook stable by Moody's.


NEVSKAYA TRANSPORT-ENERGETIC: Claims Filing Period Ends March 3
---------------------------------------------------------------
Creditors of CJSC Nevskaya Transport-Energetic Company have
until March 3 to submit written proofs of claim to:

         N. Popov, Insolvency Manager
         Post User Box 366
         OPS-100
         170100 Tver
         Russia

The Arbitration Court of St. Petersburg and Leningrad commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A56-37403/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         CJSC Nevskaya Transport-Energetic Company
         Building 3
         Polyustrovskiy Pr. 33
         St. Petersburg
         Russia


NORTH-WEST-FINANCE: Creditors Must File Claim by March 3
--------------------------------------------------------
Creditors of LLC North-West-Finance have until March 3 to submit
written proofs of claim to:

         N. Popov, Insolvency Manager
         Post User Box 336
         OPS-100
         170100 Tver
         Russia

The Arbitration Court of St. Petersburg and Leningrad commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A56-29141/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         LLC North-West-Finance
         R. Zorge 3
         St. Petersburg
         Russia


OKHTINSKAYA DOCKYARD: Creditors Must File Claim by March 3
----------------------------------------------------------
Creditors of CJSC Okhtinskaya Dockyard have until March 3 to
submit written proofs of claim to:

         N. Popov, Insolvency Manager
         Post User Box 366
         OPS-100
         170010 Tver
         Russia

The Arbitration Court of St. Petersburg and Leningrad commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A56-30210/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         CJSC Okhtinskaya Dockyard
         Krasnogvardeyskaya Square 2
         St. Petersburg
         Russia


OTRADNOVSKIY WOOD-PROM-KHOZ: Claims Filing Period Ends March 3
--------------------------------------------------------------
Creditors of LLC Otradnovskiy Wood-Prom-Khoz (TIN 6650003183)
have until March 3 to submit written proofs of claim to:

         D. Lazarev, Temporary Insolvency Manager
         Post User Box 106
         Central Post Office
         620000 Ekaterinburg
         Russia

The Arbitration Court of Sverdlovsk commenced bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. A60-35416/06-S11.

The Court is located at:

         The Arbitration Court of Sverdlovsk
         Lenina Pr. 34
         620151 Ekaterinburg
         Russia

The Debtor can be reached at:

         LLC Otradnovskiy Wood-Prom-Khoz
         Zavodskaya Str. 1
         Vostochnyj
         Servoskiy
         624975 Sverdlovsk
         Russia


TRANSNEFT OAO: To Issue US$1-Billion Bonds at Record-Lowest Rate
----------------------------------------------------------------
OAO Transneft will issue around US$1 billion of seven-year bonds
at the lowest-ever rate for a Russian firm, Bloomberg News
reports citing a banker privy with the matter.

Transneft reduced the bonds' yield premium from 60 to 55 basis
points more than the dollar mid-swap rate, a benchmark for
borrowing, the banker told Bloomberg.

Pavel Pikulyev, a credit analyst at Trust Investment Bank, said
Transneft cut the rate since the company is benefiting from a
lack of available debt.  Bloomberg News suggests that Russian
fuel companies do not need to raise capital by borrowing due to
high energy prices.

Mr. Pikulyev, however, commented that "no Russian company has
been able to attract such cheap money for such a long maturity."

Bloomberg News relays that the demand for bonds issued by state-
owned firms has been low, and had driven the yield premium on
OAO Gazprom's bonds to 83 basis points.

Credit Suisse Group and Goldman Sachs Holdings Inc. are managing
the bond issue.

In a TCR-Europe report on Feb. 19, Transneft chief executive
Semyon Vainshtok said the company will issue at least US$500
million in Eurobonds to finance its pipeline construction
projects.  Transneft will construct two large-scale pipelines:
one linking Eastern Siberia to Japan and China; and the
extension of its Baltic Pipeline System, RIA Novosti relays.

                     About the Company

Headquartered in Moscow, Russia, OAO Transneft --
http://www.transneft.ru/-- operates one of the largest networks
of oil pipelines in the world.  The company moves crude oil
through more than 30,000 miles of pipeline stretching across
Eastern Europe and Asia.  Transneft operates a transportation
network consisting of more than 30,000 miles of pipeline, about
330 pump stations, and 934 tankers capable of storing more than
13 million cu. meters of petroleum product.  The company
transports about 93% of the oil produced in Russia.


URAL-ENERGO-STROY: Creditors Must File Claims by April 3
--------------------------------------------------------
Creditors of OJSC Ural-Energo-Stroy (TIN 6660000760) have until
April 3 to submit written proofs of claim to:

         L. Yakimidi, Insolvency Manager
         Post User Box 308
         620028 Ekaterinburg
         Russia

The Arbitration Court of Sverdlovsk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A60-14367/2004-S1.

The Court is located at:

         The Arbitration Court of Sverdlovsk
         Lenina Pr. 34
         620151 Ekaterinburg
         Russia

The Debtor can be reached at:

         OJSC Ural-Energo-Story
         Lenina Str. 97A
         620000 Ekaterinburg
         Russia


WEST-LINE CJSC: Creditors Must File Claims by March 3
-----------------------------------------------------
Creditors of CJSC West-Line have until March 3 to submit written
proofs of claim to:

         N. Popov, Insolvency Manager
         Post User Box 366
         OPS-100
         170100 Tver
         Russia

The Arbitration Court of St. Petersburg and Leningrad commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A56-29138/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         CJSC West-Line
         Letter A, 7N
         Marshala Govorova Str. 43
         St. Petersburg
         Russia


YUKOS OIL: Could Lose US$13 Billion in Equity Sale, Report Says
---------------------------------------------------------------
OAO Yukos Oil Co. will stand to lose more than US$13 billion in
assets when its stakes in state-controlled Rosneft Oil and
Gazprom Neft are auctioned on March 27 under bankruptcy
proceedings, Jon Nones writes for Resource Investor.

Eduard Rebgun, Yukos' bankruptcy receiver, earlier said that
Yukos plans to auction its 20 percent stake in Gazprom Neft and
9 percent stake in Rosneft.

The Federal Property Fund told media sources that Yukos' stake
in Rosneft would be sold along with promissory notes issued by
former Yukos unit Yuganskneftegaz, Resource Investor relates.

Receivers are reportedly asking RUR2.6 billion more for Gazprom
than it is worth, while Rosneft is offered at RUR18.83 billion,
an amount lower than its market price.  Kommersant says, citing
unofficial reports, the market price for the stake in Gazprom is
set at RUR111.35 billion and the shares in Rosneft at RUR191.92
billion.

The Wall Street Journal revealed last week that Gazprom is in
talks with other investors about possible joint bids for certain
assets, with Gazprom expected to retain controlling stakes.
Possible partners include: Chevron Corp., ENI SpA and ONGC
Videsh Ltd., a subsidiary of India's Oil & Natural Gas Corp.,
WSJ relates.

Meanwhile, Rosneft CEO Sergei Bogdanchikov told the Interfax
news agency last week that his company's decision to bid would
be based on the valuations of the individual assets, Greg
Walters writes for the Wall Street Journal.

Aside from being a potential buyer, Rosneft also holds a
RUR264.6 billion (US$10 billion) claim against Yukos, which
entitled Rosneft a seat in the firm's creditors' committee.

AK&M News earlier reported that Yukos's assets are valued at
US$33 billion minus a 30% discount.  The sale of the company's
remaining assets, which include refineries and two oil
production units, will begin following the completion of the
valuation process this month.

State-owned Rosneft Oil and OAO Gazprom are widely seen as the
most likely contenders for the bulk of nearly 200 Yukos assets
set to be liquidated this year, The Moscow Times relates.

                        About Yukos Oil

Headquartered in Moscow, Yukos Oil -- http://yukos.com/-- is an
open joint stock company existing under the laws of the Russian
Federation.  Yukos is involved in energy industry substantially
through its ownership of its various subsidiaries, which own or
are otherwise entitled to enjoy certain rights to oil and gas
production, refining and marketing assets.

The Company filed for Chapter 11 protection on Dec. 14, 2004
(Bankr. S.D. Tex. Case No. 04-47742), but the case was dismissed
on Feb. 24, 2005, by the Hon. Letitia Z. Clark.  A few days
later, the Russian Government sold its main production unit
Yugansk to a little-known firm Baikalfinansgroup for US$9.35
billion, as payment for US$27.5 billion in tax arrears for 2000-
2003.  Yugansk eventually was bought by state-owned Rosneft,
which is now claiming more than US$12 billion from Yukos.

On March 10, 2006, a 14-bank consortium led by Societe Generale
filed a bankruptcy suit in the Moscow Arbitration Court in an
attempt to recover the remainder of a US$1 billion debt under
outstanding loan agreements.  The banks, however, sold the claim
to Rosneft, prompting the Court to replace them with the state-
owned oil company as plaintiff.

On April 13, 2006, court-appointed external manager Eduard
Rebgun filed a chapter 15 petition in the U.S. Bankruptcy Court
for the Southern District of New York (Bankr. S.D.N.Y. Case No.
06-0775), in an attempt to halt the sale of Yukos' 53.7%
ownership interest in Lithuanian AB Mazeikiu Nafta.

On May 26, 2006, Yukos signed a US$1.49 billion Share Sale and
Purchase Agreement with PKN Orlen S.A., Poland's largest oil
refiner, for its Mazeikiu ownership stake.  The move was made a
day after the Manhattan Court lifted an order barring Yukos from
selling its controlling stake in the Lithuanian oil refinery.

On Aug. 1, 2006, the Hon. Pavel Markov of the Moscow Arbitration
Court upheld creditors' vote to liquidate OAO Yukos Oil Co. and
declared what was once Russia's biggest oil firm bankrupt.


* Krasnoyarsk Bankruptcy Cases Rise by 320% in 2006
---------------------------------------------------
The Arbitration Court of Krasnoyarsk has considered 1,300 in
2006, 3.2 times more than in 2005, Newslab reports citing Chief
Arbitrage judge Tamara Mashkina.

Judge Mashkina revealed around 87% of the cases were filed by
the tax police, more than 10% were filed by debtors while around
2.5% were lodged by creditors, Newslab relates.  In 2006, the
court has declared 1,254 debtors bankrupt, 1,088 of which were
completed.  She added that 94% of the bankruptcy cases were
finalized with summary trials.

Ms. Mashkina explained that most bankruptcy cases were filed by
the tax police since they keep clearing the register of debtors
through the arbitration court.  Ms. Mashkina added that around
85% of the debtors in question were declared insolvent.

The judge said that three bankrupt debtors have regained
solvency -- Ordjonikidze Wood Processing Plant, OJSC Minal, and
CJSC Kansk Biochemical Plant.


===========
S W E D E N
===========


ARROW ELECTRONICS: Earns US$388 Million for Full Year 2006
----------------------------------------------------------
Arrow Electronics Inc. released its financial results for the
fourth quarter and full year ended Dec. 31, 2006.

Arrow Electronics posted US$388.33 million in net profit on
US$13.58 billion in net revenues for the year ended Dec. 31,
2006, compared with US$253.61 million in net profit on US$11.16
billion in net revenues for 2005.

Arrow Electronics posted US$128.07 million in net profit on
US$3.49 billion in net revenues for the fourth quarter ended
Dec. 31, 2006, compared with US$74.45 million in net profit on
US$2.96 billion in net revenues for the same period in 2005.

As of Dec. 31, 2006, Arrow Electronics had US$6.67 billion in
total assets, US$3.67 billion in total liabilities and US$3
billion in total shareholders' equity.

"We ended an exceptional year with another very strong quarter,
again posting impressive financial results and industry-leading
levels of profitability," William E. Mitchell, chairman,
president and chief executive of Arrow Electronics, said.
"Sales and operating income grew to their highest fourth quarter
levels since 2000.  Outstanding working capital management drove
operating cash flow of US$288 million with return on invested
capital greater than our cost of capital for the 12th
consecutive quarter."

"We saw sales at record levels in 2006 with market share gains
in all of our businesses," Mr. Mitchell added.  "Our continued
pursuit of operational excellence enabled us to grow earnings at
a faster pace than sales for the fourth consecutive year.  We
achieved our highest return on working capital since 2000 and
generated a return on invested capital in excess of our cost of
capital for the third consecutive year.  In the past four years
annual net income, excluding items impacting comparability, has
advanced from US$15 million to US$362 million, earnings per
share have grown at a compound annual growth rate of 110%, our
return on invested capital has more than tripled and cash flow
from operations has totaled over US$1 billion, all while
investing in growing our business.  We continue to create value
for our shareholders, employees, customers and suppliers."

                     About Arrow Electronics

Headquartered in Melville, New York, Arrow Electronics --
http://www.arrow.com/-- provides products, services and
solutions to industrial and commercial users of electronic
components and computer products.   Arrow serves as a supply
channel partner for nearly 600 suppliers and more than 130,000
original equipment manufacturers, contract manufacturers and
commercial customers through a global network of over 270
locations in 53 countries and territories.

In Europe, the company operates in France, Spain, Portugal,
Denmark, Estonia, Finland, Ireland, Latvia, Lithuania, Norway,
Sweden, Italy, Germany, Austria, Switzerland, Belgium, the
Netherlands and the U.K.

                          *     *     *

Arrow Electronics carries Fitch's 'BB+' issuer default rating.
The Company's senior unsecured notes and senior unsecured bank
credit facility also carry Fitch's 'BB+' rating.   The rating
outlook is positive.


=====================
S W I T Z E R L A N D
=====================


BWF ERWACHSENENBILDUNG: Bern Court Suspends Bankruptcy Process
--------------------------------------------------------------
The Bankruptcy Court of Bern suspended the bankruptcy
proceedings of LLC BWF Erwachsenenbildung on Feb. 17, pursuant
to Article 230 of the Swiss Bankruptcy Code.

The bankruptcy proceedings will be declared closed once
creditors fail to submit their claims and pay a CHF5,000
deposit.  The right for the additional deposit is retained.

The Debtor, declared bankrupt on Jan. 9, can be reached at:

         LLC BWF Erwachsenenbildung
         Grunaustrasse 10
         3084 Wabern
         Switzerland

The Bankruptcy Service of Bern can be reached at:

         Bankruptcy Service of Bern
         Office Bern
         3011 Bern
         Switzerland


DACH UND WANDBAUSYSTEME: Court Suspends Bankruptcy Proceedings
--------------------------------------------------------------
The Bankruptcy Court of Aargau suspended the bankruptcy
proceedings of JSC Dach und Wandbausysteme on Feb. 19, pursuant
to Article 230 of the Swiss Bankruptcy Code.

The bankruptcy proceedings will be declared closed once
creditors fail to submit their claims and pay a CHF5,000
deposit.  The right for the additional deposit is retained.

The Debtor, declared bankrupt on Jan. 11, can be reached at:

         JSC Dach und Wandbausysteme
         Buechstuden 22
         9056 Gais AR
         Switzerland

The Bankruptcy Service of Aargau can be reached at:

         Bankruptcy Service of Aargau
         Branch Teufen
         9053 Teufen AR
         Switzerland


ELEGANZA PAVONE: Claims Registration Period Ends March 7
--------------------------------------------------------
The Bankruptcy Court of Bern commenced bankruptcy proceedings
against JSC Eleganza Pavone on Nov. 28, 2006.

Creditors have until March 7 to file their written proofs of
claim.

The Debtor can be reached at:

         JSC Eleganza Pavone
         Neuengasse 43
         3011 Bern
         Switzerland

The Bankruptcy Service of Bern can be reached at:

         Bankruptcy Service of Bern
         Office Bern
         3011 Bern
         Switzerland


FINDUSTRIA JSC: Creditors' Liquidation Claims Due March 12
----------------------------------------------------------
Creditors of JSC Findustria have until March 12 to submit their
claims to:

         JSC Emesco
         Liquidator
         Kolinplatz 10
         6300 Zug
         Switzerland

The Debtor can be reached at:

         JSC Findustria
         Zug
         Switzerland


JOST JSC: Bern Court Closes Bankruptcy Proceedings
--------------------------------------------------
The Bankruptcy Service of Bern entered Jan. 29, an order closing
the bankruptcy proceedings of JSC Jost.

The Debtor can be reached at:

         JSC Jost
         Alpenstrasse 111
         3627 Heimberg
         Switzerland

The Bankruptcy Service of Bern can be reached at:

         Bankruptcy Service of Bern
         3800 Interlaken BE
         Switzerland


MS EMESCO: Creditors' Liquidation Claims Due March 12
-----------------------------------------------------
Creditors of JSC MS Emesco have until March 12 to submit their
claims to:

         JSC Emesco
         Liquidator
         Kolinplatz 10
         6300 Zug
         Switzerland

The Debtor can be reached at:

         JSC MS Emesco
         Zug
         Switzerland


PURE VISUALS: Bern Court Closes Bankruptcy Proceedings
------------------------------------------------------
The Bankruptcy Service of Bern entered Jan. 22, an order closing
the bankruptcy proceedings of LLC Pure Visuals.

The Debtor can be reached at:

         LLC Pure Visuals
         Neufeldstrasse 9
         3012 Bern
         Switzerland

The Bankruptcy Service of Bern can be reached at:

         Bankruptcy Service of Bern
         Office Bern
         3011 Bern
         Switzerland


SEKI GASTRO: Claims Registration Period Ends March 7
----------------------------------------------------
The Bankruptcy Court of Bern commenced bankruptcy proceedings
against LLC Seki Gastro on Dec. 14, 2006.

Creditors have until March 7 to file their written proofs of
claim.

The Debtor can be reached at:

         LLC Seki Gastro
         Flurstrasse 24
         3014 Bern
         Switzerland

The Bankruptcy Service of Bern can be reached at:

         Bankruptcy Service of Bern
         Office Bern
         3011 Bern
         Switzerland


SOLUTION4WEB LLC: Creditors' Liquidation Claims Due March 14
------------------------------------------------------------
Creditors of LLC Solution4web have until March 14 to submit
their claims to:

         Treuhand Schmid
         Liquidator
         Gubelstr. 19
         8050 Zurich
         Switzerland

The Debtor can be reached at:

         LLC Solution4web
         Zurich
         Switzerland


STETTLER JSC: Creditors' Liquidation Claims Due March 15
--------------------------------------------------------
Creditors of JSC Stettler have until March 15 to submit their
claims to:

         Bernhard Stettler
         Liquidator
         Weyernweg 27
         2560 Nidau BE
         Switzerland

The Debtor can be reached at:

         JSC Stettler
         Port
         Nidau BE
         Switzerland


=============
U K R A I N E
=============


DAF LLC: Creditors Must Submit Claims by March 9
------------------------------------------------
Creditors of LLC DAF (code EDRPOU 32611936) have until March 9
to submit written proofs of claims to:

         Ivan Radik, Temporary Insolvency Manager
         Traktorostroiteley Str. 140B
         Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy supervision
procedure on the company.  The case is docketed under Case No.
B-31/101-06.

The Court is located at:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Debtor can be reached at:

         LLC Daf
         Solonicevka
         Pushkin Str. 1
         Dergachi District
         62370 Kharkov
         Ukraine


INTERSTROY LLC: Claims Submission Deadline Set March 9
------------------------------------------------------
Creditors of LLC Interstroy (code EDRPOU 32675806) have until
March 9 to submit written proofs of claims to:

         Vitaly Tkachenko, Liquidator
         Dmitrievskaya Str. 5
         61052 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy proceedings
against the company on Jan. 22 after finding it insolvent.  The
case is docketed under Case No. B-50/132-06.

The Court is located at:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Debtor can be reached at:

         LLC Interstroy
         Malo-Panasovsky Lane 4/7
         Kharkov
         Ukraine


KARICH-GAZ: Claims Submission Deadline Set March 9
--------------------------------------------------
Creditors of CJSC Karich-Gaz (code EDRPOU 23790826) have until
March 9 to submit written proofs of claim to:

         O. Klimenko, Liquidator
         Lenin Avenue 44
         69063 Zaporozhye
         Ukraine
         Tel: 8(0612) 64-29-69

The Economic Court of Zaporozhye commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. 25/245/06.

The Court is located at:

         The Economic Court of Zaporozhye
         Shaumiana Str. 4
         69001 Zaporozhye
         Ukraine

The Debtor can be reached at:

         CJSC Karich-Gaz
         Lenin Avenue 161/7
         69037 Zaporozhye
         Ukraine


MOBILE TELESYSTEMS: Names Pavel Pavlovsky to Head Ukrainian Unit
----------------------------------------------------------------
Mobile TeleSystems OJSC has appointed Pavel Pavlovsky, vice
president of MTS, as the Head of Business at MTS Ukraine and new
director general of UMC.

UMC's Supervisory Board has accepted Mr. Adam Wojacki's
resignation as Director General of UMC and Head of Business unit
MTS Ukraine effective March 30, 2007.

Mr. Pavlovsky, currently Head of Business unit "MTS Foreign
Subsidiaries," will succeed Mr. Wojacki as the new head of UMC
and Business unit "MTS Ukraine."

Mr. Wojacki, UMC's Director General since October 2005, has
decided to return to his native Poland upon expiration of his
work contract to continue his career in that country's
telecommunications industry.

"After six years as part of UMC's management, Adam decided to go
work in Poland, and we respect his wish," Leonid Melamed,
President and CEO of MTS, said.  "UMC is in excellent financial
shape and is demonstrating high growth rates - an accomplishment
attributable to Adam - and we are grateful to him for his work."

Mr. Pavlovsky has been with MTS since 2003.  Since 2006, as Vice
President and Head of Business unit "Foreign Subsidiaries," he
has supervised the operations of the Company's subsidiaries in
Ukraine (up until January 1, 2007, when UMC became a separate
business unit), Uzbekistan and Turkmenistan, as well as our 49%-
owned joint venture in Belarus.  In particular, under his
immediate direction, he implemented in 2006 the successful
rebranding of MTS operations in three countries. Mr. Pavlovsky
has been a member of UMC's Supervisory Board since 2005.

"The experience that Pavel gained at MTS as Head of Business
unit "Foreign Subsidiaries" in the reorganization of MTS as a
Group will help him implement UMC's strategy that was approved
by the Board of Directors of MTS in December 2006," Mr. Melamed
commented.  "He has demonstrated strong familiarity with the
Ukrainian market throughout his tenure on UMC's Supervisory
Board.  We are confident that Pavel will equal the task at
hand."

"I am glad to have been chosen to this position, and I feel
confident about the potential of MTS' Ukrainian operations," Mr.
Pavlovsky stated.  "UMC is a very strong company, and I will do
my best to apply our strategy of strengthening our market
positions while maintaining financial stability."

"I am grateful to have played a role in the development of the
Ukrainian wireless market, as it is one of the most dynamic
markets in the world," Mr. Wojacki said.  "I am saddened that I
am leaving the Company, but feel that it is the right time to
embark on a new career path with its own unique challenges.  I
wish Pavel all the best in his work and believe that he will
continue the proud tradition of success of UMC."

                          About MTS

Headquartered in Moscow, Russia, Mobile TeleSystems OJSC --
http://www.mtsgsm.com/-- is the largest mobile phone operator
in Russia and the CIS.  Together with its subsidiaries, the
Company services over 61.77 million subscribers.  The regions of
Russia, as well as Belarus, Turkmenistan, Ukraine, and
Uzbekistan, in which MTS and its associates and subsidiaries are
licensed to provide GSM services, have a total population of
around 233.1 million.  Since June 2000, MTS' Level 3 ADRs have
been listed on the New York Stock Exchange.

                        *     *     *

As of Dec. 31, 2005, MTS had a working capital deficit of
US$631.6 million, compared with a US$189 million working capital
deficit at Dec. 31, 2004.

MTS is rated to BB-/outlook stable by Standard & Poor's and
Ba3/outlook stable by Moody's.


MTF LLC: Claims Submission Deadline Set March 9
-----------------------------------------------
Creditors of LLC MTF (code EDRPOU 31831049) have until March 9
to submit written proofs of claim to:

         O. Klimenko, Liquidator
         Lenin Avenue 44
         69063 Zaporozhye
         Ukraine
         Tel: 8(0612) 64-29-69

The Economic Court of Zaporozhye commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. 19/170/06.

The Court is located at:

         The Economic Court of Zaporozhye
         Shaumiana Str. 4
         69001 Zaporozhye
         Ukraine

The Debtor can be reached at:

         LLC MTF
         Chumachenko Str. 34/134
         69104 Zaporozhye
         Ukraine


SOVETSKOE REPAIR-TRANSPORT: Claims Filing Deadline Set March 9
--------------------------------------------------------------
Creditors of OJSC Sovetskoe Repair-Transport Enterprise (code
EDRPOU 03563376) have until March 9 to submit written proofs of
claim to:

         Vasily Kuhta, Liquidator
         P.O. Box 2745
         Simferopol
         95048 AR Krym
         Ukraine

The Economic Court of AR Krym commenced bankruptcy proceedings
against the company on Jan. 22 after finding it insolvent.  The
case is docketed under Case No. 2-5/7693-2006.

The Court is located at:

         The Economic Court of AR Krym
         Karl Marks Str. 18
         Simferopol
         95000 AR Krym
         Ukraine

The Debtor can be reached at:

         OJSC Sovetskoe Repair-Transport Enterprise
         Sovetskoe, Mehanizatorov Str. 1
         97200 AR Krym
         Ukraine


===========================
U N I T E D   K I N G D O M
===========================


ADVANCED MARKETING: Court Grants Final Access to DIP Financing
--------------------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware authorized Advanced Marketing Services
Inc. and its debtor-affiliates, on a final basis, to dip their
hands into the DIP financing facility arranged by Wells Fargo
Foothill Inc.

The Debtors are authorized and empowered to immediately obtain
the Postpetition Financing and incur the Obligations pursuant to
the terms and conditions of the final DIP ruling and the Loan
Documents.

The Debtors are authorized to enter into, execute, deliver,
perform, and comply with all of the terms and covenants of the
Loan Agreement and other Loan Documents, Judge Sontchi notes.

Advanced Marketing Services, Publishers Group Inc., and
Publishers Group West Inc. are borrowers under a Loan and
Security Agreement dated April 27, 2004, with Wells Fargo
Foothill Inc., as agent, and a consortium of lenders.  The
Senior Facility provides for a revolving line of credit up to a
maximum commitment level of US$90,000,000.

Curtis R. Smith, AMS's vice-president and chief financial
officer, related that the Senior Lenders have agreed to continue
to provide liquidity to the Debtors through a DIP Loan Facility,
which carries forward many of the terms of the Senior Facility.

Against this backdrop, the Debtors sought the Court's authority
to obtain from Foothill and the Senior Lenders, though the DIP
Loan Facility, cash advances and other extensions of credit in
an aggregate principal amount of up to US$75,000,000.

Absent immediate and continued availability of credit, the
Debtors' operations will be severely disrupted, and they will be
forced to cease or sharply curtail operations of some or all of
their businesses, which in turn will eliminate the Debtors'
ability to generate operating revenue and the value of their
businesses as a going concern, Mr. Smith said.

Before agreeing to enter into the DIP Loan Facility with
Foothill and the Senior Lenders, the Debtors engaged in numerous
discussions concerning secured and unsecured financing, as well
as equity or other infusions, with several potential investors.
Yet, they received only one proposal for debtor-in-possession
financing other than that offered by the Senior Lenders.  Upon
evaluation, the Debtors determined that the alternate proposal
was not viable.

"No other prospective lender was willing to provide debtor in
possession financing without at least the type of protections
afforded Senior Lenders under the DIP Loan Facility," Mr. Smith
relates.

                    Terms of the DIP Facility

The DIP Facility provides, among other things, that each Lender
with a Revolver Commitment agrees to make Advances to the
Debtors at any one time in amounts not exceeding the Lender's
Pro Rata Share of an amount equal to the lesser of (i) the
Maximum Revolver Amount -- presently set at US$75,000,000 --
less the Letter of Credit Usage, or (ii) the Borrowing Base less
the Letter of Credit Usage.

     Lender                                 Revolver Commitment
     ------                                 -------------------
     Wells Fargo Foothill Inc.                  US$37,500,000
     LaSalle Business Credit, LLC                  16,500,000
     Marathon Structured Finance Fund, L.P.         8,250,000
     Capitalsource Finance LLC                     12,750,000

The Issuing Lender agrees to issue Letters of Credit for the
account of the Borrowers or to purchase or execute an L/C
Undertaking with respect to letters of credit issued by an
Underlying Issuer for the account of the Borrowers.  The Issuing
Lender will have no obligation to issue an L/C if any of these
events would result after giving effect to the issuance of the
requested L/C:

   (1) the L/C Usage would exceed the Borrowing Base less the
       outstanding amount of Advances; or

   (2) the L/C Usage would exceed US$10,000,000; or

   (3) the L/C Usage would exceed the Maximum Revolver Amount
       less the outstanding amount of Advances.

The Borrowing Base under the DIP Loan Agreement determines the
maximum amount that may be borrowed as Advances.  It is a
function of inventory and account values ranging up to 85% of
appraised liquidation values and is subject to various reserves,
including a Dilution Reserve in an amount sufficient to reduce
the advance rate against Eligible Accounts by 1 percentage point
for each percentage point by which Dilution is in excess of 5%.

The interest rate on all Obligations will be calculated based on
Wells Fargo Bank, National Association's prime rate plus 3.50%.

The DIP Agreement was scheduled to close by Jan. 4.  The
postpetition facility will continue in full force and effect for
a term ending in July.  The Lender Group, upon the election of
the Required Lenders, will have the right to terminate its
obligations under the DIP Loan Agreement immediately and without
notice on the occurrence and during the continuation of an Event
of Default.

The proceeds of the Advances may be used (1) on the Closing
Date, to pay transactional fees, costs, and expenses incurred in
connection with the DIP Loan Agreement, the other Loan
Documents, and contemplated transactions including the funding
in whole or in part of the Carve Out Reserve Fund, and (ii) for
the Debtors' lawful and permitted business and general corporate
purposes including the financing of working capital needs and
capital expenditures, in accordance with the Debtors' 14-week
Budget related to the DIP Loan Facility.

The Budget runs through March 30, and sets forth the
expenditures that the Debtors critically need to make to allow
them to continue to operate.

The Borrowers agree to pay a variety of fees and charges to
Foothill:

   -- a Letter of Credit fee accruing at 3.50% per annum times
      the Daily Balance of the undrawn amount of all outstanding
      L/C;

   -- on the first day of an each month, an Unused Line Fee
      equal to 0.375% per annum times the result of (a) the
      Maximum Revolver Amount, less (b) the sum of (1) the
      average Daily Balance of Advances that were outstanding
      during the immediately preceding month, plus (2) the
      average Daily Balance of the L/C Usage during the
      immediately preceding month;

   -- a US$750,000 closing fee, which will be fully earned, due,
      and payable on the Closing Date;

   -- a US$5,000 servicing fee per quarter, due and payable, in
      arrears, on the first day of each quarter, commencing with
      the first day of the quarter immediately following the
      Petition Date; and

   -- certain audit, appraisal and valuation fees and charges
      relating to audits and appraisals performed by personnel
      employed by Foothill.

The postpetition obligations due the Lenders by the Debtors will
be entitled to the super-administrative priority afforded under
Section 364(c)(1) of the Bankruptcy Code.

The Lenders' liens and administrative claims will be subject to
a carve out for (i) the fees payable to the Clerk of the
Bankruptcy Court and to the Office of the United States Trustee
relating to the Bankruptcy Cases; and (ii) Professional Fee
Carve Out Expenses of US$2,000,000 prior to a Payoff Event and
US$3,000,000 afterwards.

Moreover, the Debtors covenant that they will not:

   (a) on any measurement date where the Projected Operating
       Cash Flow is a positive amount, have Actual Operating
       Cash Flow for the relevant period that is both less than
       85% of the Projected Operating Cash Flow, and at least
       US$2,500,000 less than Projected Operating Cash Flow, for
       the period; or

   (b) on any measurement date where the Projected Operating
       Cash Flow is a negative amount, have Actual Operating
       Cash Flow for the relevant period that is both less than
       115% of the Projected Operating Cash Flow, and at least
       US$2,500,000 less than the Projected Operating Cash Flow,
       for the period.

Mark D. Collins, Esq., at Richards, Layton & Finger, P.A., in
Wilmington, Delaware, clarified that the terms and covenants set
forth in the Senior Facility are amended and restated in their
entirety by the terms and conditions set forth in the DIP Loan
Agreement.  However, the DIP Loan Agreement does not extinguish
the obligations for the payment of money outstanding under the
Senior Facility, or for the discharge or release of any
security.  Rather, the DIP Loan Agreement provides for the
satisfaction of the prepetition obligations owed to the Senior
Lenders through application of Cash Collateral postpetition -- a
"roll-up" of the prepetition debt.

The Roll-up provision provides that each Senior Lender is
entitled to apply any and all proceeds of the Collateral or the
Senior Collateral or any other consideration it received in
respect of the Senior Obligations in accordance with the Senior
Facility and the Loan Documents, which includes the application
of Senior Collateral -- first, on account of the Senior
Obligations until the Senior Obligations are paid and satisfied,
and then on account of the Postpetition Obligations.
Furthermore, all outstanding L/C under the Senior Facility are
deemed to be L/C and Obligations under the DIP Credit Agreement.
Mr. Collins said the Debtors have determined that this provision
is appropriate given that the Senior Lenders are substantially
over-secured.

                  Qualified Transaction Timeline

The Debtors agree with the DIP Lenders to file within 10 days
after the Petition Date a qualified transaction motion calling
for the sale of substantially all or a significant portion of
their business, or a refinancing or debt or equity investment or
other recapitalization.

Within 20 days after the filing of the Qualified Transaction
Motion, the Debtors will attempt to obtain approval of
competitive bidding procedures and to identify a "stalking
horse" bidder in the event they pursue a sale.

The DIP Lenders want the Qualified Transaction Motion approved
within 45 days after the filing.  They also want to receive cash
proceeds from the Qualified Transaction within 50 days.

Mr. Collins said the Debtors believe that the Qualified
Transaction provisions are reasonable given the overall benefits
of the DIP Facility, and given that the Senior Lenders were
unwilling to extend financing without those provisions.

Foothill is represented in the Debtors' cases by Paul S. Arrow,
Esq., and William S. Brody, Esq., at Buchalter Nemer, in Los
Angeles, California, and Kurt F. Gwynne, Esq., at Reed Smith,
LLP, in Wilmington, Delaware.

A full-text copy of the Final DIP Ruling is available for free
at http://bankrupt.com/misc/AMSFinalDIPOrder.pdf

                    About Advanced Marketing

Based in San Diego, California, Advanced Marketing Services Inc.
-- http://www.advmkt.com/-- provides customized merchandising,
wholesaling, distribution, and publishing services, currently
primarily to the book industry.  The company has operations in
the U.S., Mexico, the United Kingdom, and Australia and employs
approximately 1,200 people Worldwide.

The company and its two affiliates, Publishers Group
Incorporated and Publishers Group West Incorporated filed for
chapter 11 protection on Dec. 29, 2006 (Bankr. D. Del. Case Nos.
06-11480 through 06-11482).  Suzzanne S. Uhland, Esq., Austin K.
Barron, Esq., Alexandra B. Feldman, Esq., O'Melveny & Myers,
LLP, represent the Debtors as Lead Counsel.  Chun I. Jang, Esq.,
Mark D. Collins, Esq., and Paul Noble Heath, Esq., at Richards,
Layton & Finger, P.A., represent the Debtors as Local Counsel.
When the Debtors filed for protection from their creditors, they
listed estimated assets and debts of more than US$100 million.
(Advanced Marketing Bankruptcy News, Issue No. 7; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)

The Debtors' exclusive period to file a chapter 11 plan expires
on April 28, 2007.


ADVANCED MARKETING: Gets Final Access to Use Cash Collateral
------------------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware authorized Advanced Marketing Services
Inc. and its debtor-affiliates, on a final basis, to use the
Secured Lenders' Cash Collateral.

The Debtors are authorized to enter into, execute, deliver,
perform, and comply with all of the terms and covenants of the
Loan Agreement and other Loan Documents, Judge Sontchi says.

The Loan and Security Agreement dated April 27, 2004, among the
Debtors, Wells Fargo Foothill Inc., as agent, and a syndicate of
lenders, is secured by a first priority security interest on
substantially all of the Debtors' assets, all products and
proceeds of the assets, and all cash proceeds and all other cash
equivalents and cash collateral.

Curtis R. Smith, AMS's vice-president and chief financial
officer, related that the Senior Facility imposes numerous
restrictions on the Debtors' ability to access their cash.

Before the Petition Date, virtually all of the Debtors' cash
from operations was swept daily into an account controlled by
Foothill and applied to the loans outstanding, then re-advanced
as loans in accordance with the borrowing base formula as
established and adjusted by Foothill from time to time.

As of the Petition Date, the borrowing base formula under the
Senior Facility totaled US$64,764,447.  In contrast, Mr. Smith
says, the Senior Lenders are secured by approximately
US$147,500,000 in accounts receivable, approximately
US$72,500,000 in inventory, as well as other valuable collateral
including Advanced Marketing Services' interests in foreign
subsidiaries, fixed assets and intellectual property.

As of the Petition Date, the Debtors were obligated to the
Senior Lenders for the principal amount drawn on the Revolving
Loans plus accrued and unpaid interest and certain additional
unpaid fees and expenses totaling US$41,514,347.

Pursuant to an Inter-company Subordination Agreement between the
Debtors and certain of their subsidiaries, as Obligors, and
Foothill, the parties agreed to subordinate the payment of all
indebtedness, liabilities and other obligations of each Obligor
owing to any other Obligor to the payment of the US$41,514,347
Indebtedness.

Mr. Smith reminded the Court that the Debtors have secured a
US$75,000,000 postpetition facility from Foothill.  In that
regard, the Debtors obtained the express consent of the Senior
Lenders to use the prepetition Cash Collateral in connection
with the DIP Loan Facility.

Accordingly, the Debtors sought the Court's authority to use the
Secured Lenders' Cash Collateral.

To secure all postpetition obligations due to the Lenders by the
Debtors, the Debtors propose to grant the Lenders a lien with
priority and senior to all other liens, other than validly
perfected prepetition liens that would otherwise be senior and
prior to the Senior Lenders' prepetition liens, on all of the
Debtors' prepetition, present and future assets.  Moreover, upon
the occurrence of a Default or Event of Default, each Borrower
waives any right to use Cash Collateral.

                    About Advanced Marketing

Based in San Diego, California, Advanced Marketing Services Inc.
-- http://www.advmkt.com/-- provides customized merchandising,
wholesaling, distribution, and publishing services, currently
primarily to the book industry.  The company has operations in
the U.S., Mexico, the United Kingdom, and Australia and employs
approximately 1,200 people Worldwide.

The company and its two affiliates, Publishers Group
Incorporated and Publishers Group West Incorporated filed for
chapter 11 protection on Dec. 29, 2006 (Bankr. D. Del. Case Nos.
06-11480 through 06-11482).  Suzzanne S. Uhland, Esq., Austin K.
Barron, Esq., Alexandra B. Feldman, Esq., O'Melveny & Myers,
LLP, represent the Debtors as Lead Counsel.  Chun I. Jang, Esq.,
Mark D. Collins, Esq., and Paul Noble Heath, Esq., at Richards,
Layton & Finger, P.A., represent the Debtors as Local Counsel.
When the Debtors filed for protection from their creditors, they
listed estimated assets and debts of more than US$100 million.
(Advanced Marketing Bankruptcy News, Issue No. 7; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).

The Debtors' exclusive period to file a chapter 11 plan expires
on April 28, 2007.


ANGLOWIDE LEISURE: M. D. Hardy Leads Liquidation Procedure
----------------------------------------------------------
M. D. Hardy of Poppleton & Appleby was appointed liquidator of
Anglowide Leisure Ltd. (formerly Helter Skelter (Hinckley) Ltd.)
(t/a Stones Bar/The Place) on Feb. 14 for the creditors'
voluntary winding-up procedure.

The company can be reached at:

         Anglowide Leisure Ltd.
         18 Rugby Road
         Hinckley
         Leicestershire
         LE100QD
         England
         Tel: 01455 633 237


ANKALAD SAFETY: Appoints Jonathan Lord as Liquidator
----------------------------------------------------
Jonathan Lord of Bridgestones was appointed liquidator of
Ankalad Safety Products Ltd. on Jan. 25 for the creditors'
voluntary winding-up procedure.

The company can be reached at:

         Ankalad Safety Products Ltd.
         Herberts Farm Cottage
         Saddledon Street
         Tysoe
         Warwick
         Warwickshire
         CV350SH
         England
         Tel: 01788 555 016


BLACKSTREET PROPERTY: Creditors' Meeting Slated for March 6
-----------------------------------------------------------
Creditors of Blackstreet Property Management Ltd. will meet at
11:00 a.m. on March 6 at:

         SPW Poppleton & Appleby
         Gable House
         239 Regents Park Road
         London
         N3 3LF
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on March 2.


BRITANNIA LIFT: Claims Filing Period Ends March 21
--------------------------------------------------
Creditors of Britannia Lift Ltd. (formerly Trepal Ltd.) have
until March 21 to send in their names and addresses, with
particulars of their debts or claims, to:

         John David Ariel
         Joint Liquidator
         Baker Tilly
         12 Gleneagles Court
         Brighton Road
         Crawley
         West Sussex
         RH10 6AD
         England

John David Ariel and Andrew White of Baker Tilly were appointed
joint liquidators of the company on Feb. 9.

Baker Tilly -- http://www.bakertilly.co.uk/-- provides auditing
and other services for mid-cap and smaller publicly listed
companies and private companies, particularly those expanding
into new foreign markets.  Services include business and
financial planning, tax-related services, corporate finance,
litigation support, turnaround services, and technology
consulting.


BROOKS SERVICE: Administrators Implement Shutdown in Four Sites
---------------------------------------------------------------
Derek Howell, Colin Haig and Rob Lewis, the joint administrators
for Brooks Service Group Plc, secured the sale of the workwear
part of the business to Sunlight Service Group Ltd.,
safeguarding some 150 jobs.

However, operations at the company's sites in Bristol,
Gravesend, Sunderland and Leeds will cease in the coming days.
Around 880 staff will be made redundant.

The administrators stated that it has not been possible to
secure the sale of the linen business as a whole and they are
still negotiating on the sale of the company's Norwood site as a
going concern.

"It is very disappointing that we have to implement the closure
of the majority of Brooks' linen operations and we would like to
thank employees, customers and suppliers for their support to
date.  We remain hopeful that we will shortly be able to
announce the sale of the Norwood business," Rob Lewis, joint
administrator and director at PricewaterhouseCoopers
LLP disclosed.

"We have also put in place arrangements to provide staff that
are being made redundant with support to ensure that their
resulting claims can be agreed and paid as soon as possible,"
Mr. Lewis added.

Brooks Service Group Plc and its subsidiary companies, including
County Luxdon in Sunderland, and Shaws Laundries at Gravesens,
appointed joint administrators on Feb. 13.

PricewaterhouseCoopers LLP -- http://www.pwcglobal.com/--  
provides auditing services, accounting advice, tax compliance
and consulting, financial consulting and advisory services to
clients in a variety of industries.

Headquartered in Bristol, England, Brooks Service Group Plc --
http://www.brooks-service-group.co.uk/-- provides linen and
work wear rental services to the hotel, hospitality and food
industries.  It operates from nine sites throughout the U.K. and
employs around 1,300 staff.  The administration follows a
decrease in the value of the work stream.


CENTRAL MUSHROOMS: Names Stephen John Tancocks Liquidator
---------------------------------------------------------
Stephen John Tancocks of Smith & Williamson Ltd. was appointed
liquidator of Central Mushrooms (Kent) Ltd. (t/a The Fruit Shop)
on Feb. 15 for the creditors' voluntary winding-up proceeding.

Smith & Williamson -- http://www.smith.williamson.co.uk/--  
provides investment management, financial advisory and
accountancy services to private clients, professional practices,
mid to large corporates and non-profit organizations.

The company can be reached at:

         Central Mushrooms (Kent) Ltd.
         Cloisters
         West Street
         Sittingbourne
         Kent
         ME101AF
         England
         Tel: 01795 437 703


CENTREICE LTD: Hires Liquidators from Wilson Field
--------------------------------------------------
Lisa Hogg and Claire Foster of Wilson Field were appointed joint
liquidators of Centreice Ltd. (formerly Icesport Management
Services Ltd. and Skate Central Ltd.) on Feb. 15 for the
creditors' voluntary winding-up procedure.

The company can be reached at:

         Centreice Ltd.
         Sheffield Ice Rink
         Queens Road
         Sheffield
         South Yorkshire
         S2 4DF
         England
         Tel: 0114 272 3037


COLLINS & AIKMAN: Files Solicitation Versions of Amended Plan
-------------------------------------------------------------
Collins & Aikman Corp. and its debtor-affiliates filed with the
U.S. Bankruptcy Court for the Eastern District of Michigan
solicitation versions of their modified First Amended Joint Plan
and accompanying Disclosure Statement, for the voters' perusal
prior to casting a ballot.

For a ballot to be counted, it must be received by Kurtzman
Carson Consultants LLC, the solicitation agent, at 12910 Culver
Boulevard, Suite I, Los Angeles, California, no later than 5:00
p.m., Pacific Time, on April 9.

The Debtors incorporated certain non-material changes to the
Disclosure Statement.  Included is the resignation of Frank E.
Macher from the Board of Directors of Collins & Aikman Corp.,
effective as of Jan. 31.

The Debtors also added, or modified, these provisions in the
Disclosure Statement and the Plan:

    -- In accordance with the subordination provisions of the
       Senior Subordinated Note Indenture, distributions on
       account of Class 7 Claims will first be distributed to
       the Holders of Allowed Senior Note Claims on a Pro Rata
       basis until the Allowed Senior Note Claims have been paid
       in full;

    -- To the extent that any proceeds of any claim would have
       constituted a litigation trust claim after the effective
       late becomes available before the effective date, the
       Debtors will hold the proceeds in a separate interest-
       bearing account for the benefit of the holders of allowed
       claims entitled to "Litigation Trust Recovery Interests"
       pursuant to the Plan;

    -- Any professional that is entitled pursuant to the Plan or
       a Bankruptcy Court order to receive payment from the
       estates for fees and expenses incurred after the
       Effective Date in connection with the Debtors' Chapter 11
       cases may be compensated by the post-consummation trust
       without further application to the Bankruptcy Court;

    -- The Litigation Trust and the Post-Consummation Trust will
       maintain customary insurance coverage for the protection
       of persons serving as administrators and overseers of the
       trusts on and after the Effective Date; and

    -- For tax purposes, distributions received in respect of
       allowed claims will be allocated first to the principal
       amount of the Allowed Claims with any excess allocated to
       the accrued unpaid interest.

In addition, the Debtors added a securities class action
complaint filed by Stanley Sved on March 24, 2003, to the
section in the Disclosure Statement providing for various
investigations and litigations involving the Debtors.   The
lawsuit, which has been consolidated with other related actions,
alleged violations by Collins & Aikman and its officers and
directors of Sections 10(b) and 20(a) of the Securities Exchange
Act of 1934.

The Debtors also inform creditors that:

    -- the Debtors and General Electric Capital Corp. have
       resumed discovery while settlement discussions continue
       in connection with the Debtors' decision to
       recharacterize the 'master lease agreements' the parties
       entered into beginning in 2001 as sale and financing
       transactions;

    -- Debtor Dura Convertible Systems, Inc.'s settlement
       agreement with ASC, Inc., has been approved by Judge
       Rhodes.  The settlement arises from ASC's complaint
       against Dura regarding the alleged infringement of four
       patents.

Objections to the confirmation of the Plan must be filed on or
before April 9, at 5:00 p.m., Pacific Time.   The hearing to
consider the Plan's confirmation is set to begin on April 19, at
10:00 a.m., Eastern Time.

As reported in the TCR-Europe on Feb. 9, The Court fixed Jan. 26
as the record date for determining:

   (i) the creditors that are entitled to receive Solicitation
       Documents pursuant to the Solicitation Procedures;

  (ii) the creditors entitled to vote to accept or reject the
       Plan; and

(iii) whether Claims have been properly transferred to an
       assignee pursuant to Rule 3001(e) of the Federal Rules of
       Bankruptcy Procedure such that the assignee can vote as
       the Holder of the Claim.

A copy of the solicitation version of the Amended Disclosure
Statement is available for free at:

http://bankrupt.com/misc/CollinsAmendedDisclosureStatement.pdf

A copy of the solicitation version of the Debtors' Amended Joint
Plan is available for free at:

http://bankrupt.com/misc/CollinsAmendedJointPlan.pdf

                  Additional Exhibits Filed

The Debtors have also filed an amended list of over 14,000
parties to the retained causes of action.

A copy of the amended list of Retained Causes of Action is
available for free at:

http://bankrupt.com/misc/CollinsAmendedList.pdf

                    About Collins & Aikman

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in
cockpit modules and automotive floor and acoustic systems and is
a leading supplier of instrument panels, automotive fabric,
plastic-based trim, and convertible top systems.  The Company
has a workforce of approximately 23,000 and a network of more
than 100 technical centers, sales offices and manufacturing
sites in 17 countries throughout the world.  The Company and its
debtor-affiliates filed for chapter 11 protection on May 17,
2005 (Bankr. E.D. Mich. Case No. 05-55927).  Richard M. Cieri,
Esq., at Kirkland & Ellis LLP, represents C&A in its
restructuring.  Lazard Freres & Co., LLC, provides the Debtor
with investment banking services.  Michael S. Stammer, Esq., at
Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors Committee.  When the Debtors
filed for protection from their creditors, they listed
US$3,196,700,000 in total assets and US$2,856,600,000 in total
debts.  (Collins & Aikman Bankruptcy News, Issue No. 53;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


COLLINS & AIKMAN: Files Amended Solicitation Procedures
-------------------------------------------------------
Collins & Aikman Corp. and its debtor-affiliates filed their
amended Solicitation Procedures, incorporating the order of the
U.S. Bankruptcy Court for the Eastern District of Michigan with
respect to the Voting Record Date of Jan. 26 and the Voting
Deadline of April 9.

As reported in the TCR-Europe on Feb. 9, The Honorable Steven W.
Rhodes of the U.S. Bankruptcy Court for the Eastern District of
Michigan previously approved the disclosure statement to the
Debtors' First Amended Joint Plan filed on Jan. 24.

The Court fixed Jan. 26 as the record date for determining:

   (i) the creditors that are entitled to receive Solicitation
       Documents pursuant to the Solicitation Procedures;

  (ii) the creditors entitled to vote to accept or reject the
       Plan; and

(iii) whether Claims have been properly transferred to an
       assignee pursuant to Rule 3001(e) of the Federal Rules of
       Bankruptcy Procedure such that the assignee can vote as
       the Holder of the Claim.

The Court establishes April 9, at 5:00 p.m. Pacific Time,
as the deadline by which Holders of Claims must accept or reject
the Plan in accordance with the Solicitation Procedures.  The
Debtors may extend the deadline without further Court order to a
date no later than April 14.

The Court sets the deadline to file objections to confirmation
of the Plan to April 9, at 5:00 p.m. Pacific Time.  Replies to
any confirmation objections must be filed by April 16.

The hearing to consider confirmation of the Plan will commence
on April 19, at 10:00 a.m. Eastern Time.

A copy of the Amended Solicitation Procedures is available for
free at:

http://bankrupt.com/misc/CollinsAmendedSolicitationProcedure.pdf

                    About Collins & Aikman

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in
cockpit modules and automotive floor and acoustic systems and is
a leading supplier of instrument panels, automotive fabric,
plastic-based trim, and convertible top systems.  The Company
has a workforce of approximately 23,000 and a network of more
than 100 technical centers, sales offices and manufacturing
sites in 17 countries throughout the world.  The Company and its
debtor-affiliates filed for chapter 11 protection on May 17,
2005 (Bankr. E.D. Mich. Case No. 05-55927).  Richard M. Cieri,
Esq., at Kirkland & Ellis LLP, represents C&A in its
restructuring.  Lazard Freres & Co., LLC, provides the Debtor
with investment banking services.  Michael S. Stammer, Esq., at
Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors Committee.  When the Debtors
filed for protection from their creditors, they listed
US$3,196,700,000 in total assets and US$2,856,600,000 in total
debts.  (Collins & Aikman Bankruptcy News, Issue No. 53;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


E S CONSULTING: Creditors Confirm Liquidator's Appointment
----------------------------------------------------------
Creditors of E S Consulting (Manchester) Ltd. ratified on
Feb. 14 the company's resolutions for voluntary liquidation.

The appointment of Jonathan Lord of Bridgestones was also
confirmed on the same date.

The company can be reached at:

         E S Consulting (Manchester) Ltd.
         22 Dyas Avenue
         Birmingham
         West Midlands
         B42 1HE
         England
         Tel: 0161 877 7098
         Fax: 0161 877 7099


EMI GROUP: Buyout Firms Eye Possible Takeover Deal
--------------------------------------------------
Fortress Investment Group LLC, Apollo and One Equity are among
the buyout firms interested in EMI Group Plc, Mark Kleinman of
the Sunday Telegraph reports.

People familiar with the matter told the Sunday Telegraph that
Fortress is undertaking detailed work on EMI ahead of a possible
approach to the record labels of Robbie Williams and Madonna.

Permira Advisers LLP, which approached EMI on November 2006, was
also expected to review its offer, the report states.

However, the Telegraph suggests, it is possible none of the
buyout firms will make formal approaches to the EMI board.

Warner Music Group Corp. approached EMI on Jan. 24, after it
obtained the support of Brussels-based Impala, a trade group for
independent European record labels ending its opposition to a
Warner-EMI merger, reports say.  WMG clarified Feb. 21 that any
possible takeover offer for EMI Group PLC is likely to be solely
in cash.

In 2006, EMI and Warner were locked in a GBP2.3 billion takeover
battle.  The deal was halted in June 2006 following the
annulment of the 2004 Sony-BMG tie-up by a European Court.

Analysts believed that an EMI-Warner merger could generate cost
savings of about GBP150 million a year.

                            About EMI

Headquartered in London, United Kingdom, EMI Group PLC --
http://www.emigroup.com/-- is the world's largest independent
music company, operating directly in 50 countries and with
licensees in a further 20.  The group has operations in Brazil,
China, and Hungary.  The group employs over 6,600 people.
Revenues in 2005 were near EUR2 billion and operating profit
generated was over EUR225 million.

At March 31, 2006, EMI Group's consolidated balance sheet
revealed GBP1.817 billion in total assets, GBP2.544 billion in
total liabilities and GBP726.6 million in shareholders' deficit.

                        *     *     *

According to a TCR-Europe report on Jan. 17, Moody's Investors
Service downgraded EMI Group Plc's Corporate Family and senior
debt ratings to Ba3 from Ba2.  All ratings remain under review
for possible further downgrade.

As reported in the TCR-LA on Feb. 19, Standard & Poor's Ratings
Services kept the U.K.-based music major EMI Group PLC's ratings
at BB-/Watch Neg/B, after the company announced it expects
revenues in its recorded music division to decline by 15% in the
fiscal year ended March 31, 2007, at constant currencies.  The
ratings also remain on CreditWatch with negative implications,
where they were placed on Feb. 5, 2007.


EUROCOM GB: Creditors' Meeting Slated for March 7
-------------------------------------------------
Creditors of Eurocom GB Ltd. will meet at 11:30 a.m. on March 7
at the offices of:

         Horne Brooke Shenton
         21 Caunce Street
         Blackpool
         FY1 3LA
         England

Creditors who want to vote at the meeting have until noon on
March 6 to submit their proxy forms together with particulars of
their claims or of any security at:

         Begbies Traynor
         36 Clare Road
         Halifax
         HX1 2HX
         England

Peter Sargent of Begbies Traynor will furnish creditors with
information concerning the company's affairs free of charge as
they may reasonably require.

Begbies Traynor -- http://www.begbies.com/-- assists companies,
creditors, financial institutions and individuals on all aspects
of financial restructuring and corporate recovery.


EXCHANGE CLEANING: Claims Filing Period Ends May 14
---------------------------------------------------
Creditors of Exchange Cleaning Co. Ltd. have until May 14 to
send in their full names, addresses and descriptions, full
particulars of their debts or claims, and the names and
addresses of their solicitors (if any) to:

         Tina Bullock
         Liquidator
         Crossfields
         85-87 High Street West
         Glossop
         Derbyshire
         SK13 8AZ
         England

Tina Bullock of Crossfields was appointed liquidator of the
company on Feb. 15 by resolutions of members and creditors.


FANTASY PUBLICATIONS: Creditors' Meeting Slated for March 6
-----------------------------------------------------------
Creditors of Fantasy Publications Ltd. will meet at 10:15 a.m.
on March 6 t:

         The Selfridge
         Orchard Street
         London
         W1H 6JS
         England

Creditors who want to vote at the meeting have until noon on
March 5 to submit their proxy forms together with particulars of
their claims or of any security at:

         66 Wigmore Street
         London
         W1U 2SB
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on March 2 at:

         66 Wigmore Street
         London
         W1U 2SB
         England


GETTY IMAGES: Gets Notice of Event of Default for Filing Failure
----------------------------------------------------------------
Getty Images Inc. disclosed in a regulatory filing with the U.S.
Securities and Exchange Commission that on Feb. 21 it received
notice of an Event of Default related to the Company's failure
to file its Third Quarter Report.

The company had, on Nov. 29, 2006, received two notices of a
purported default from certain holders of the Company's
US$265 million aggregate principal amount of 0.50% Convertible
Subordinated Debentures, Series B due 2023.

The notices were received from holders who claimed to hold more
than 25% in principal amount of the outstanding Debentures
asserting that the company's failure to file its Quarterly
Report on Form 10-Q for the third quarter of 2006 with the SEC
by the prescribed filing date under SEC regulations was a
default under Section 17.01 of the Indenture dated as of Dece.
16, 2004, between the company, as issuer, and The Bank of New
York, as Trustee, relating to the Debentures.

Section 17.01 incorporates by reference Section 314(a) of the
Trust Indenture Act of 1940.  The notices of default demanded
that the company cure the purported default within 60 days from
their receipt, after which such default would allegedly develop
into an "Event of Default," as defined in the Indenture.  The
company did not cure the purported default within 60 days from
receipt of the notices of purported default.

The company does not believe that it has failed to perform any
of its obligations under the Indenture because the Indenture
does not contain an express covenant requiring the company to
provide the Trustee or the bondholders with periodic reports
such as the Quarterly Report on Form 10-Q for the third quarter
of 2006.  While Section 314(a) of the TIA is incorporated into
the Indenture by virtue of Section 17.01 thereof, the company
does not believe that the TIA requires periodic reports to be
filed with the SEC or provided within any prescribed period of
time.  Consequently, in the company's view, these notices of
default are without merit.

Because the company has received a notice of an "Event of
Default" from the Trustee, the Trustee or holders of at least
25% in aggregate principal amount of the Debentures then
outstanding could declare all unpaid principal and accrued
interest on the Debentures then outstanding to be immediately
due and payable.  The company believes that if the Debentures
were to be accelerated, it would have adequate financial
resources to pay any unpaid principal and any interest that
would then be due on the Debentures and also would have the
option of contesting the legal basis for the notices of default
and any such acceleration.

                     About Getty Images

Getty Images Inc. (NYSE: GYI) -- http://gettyimages.com/--  
creates and distributes visual content and the first place
creative professionals turn to discover, purchase and manage
imagery.  The company's award-winning photographers and imagery
help customers create inspiring work which appears every day in
the world's most influential newspapers, magazines, advertising
campaigns, films, television programs, books and Web sites.
Headquartered in Seattle, WA and serving customers in more than
100 countries, Getty Images believes in the power of imagery to
drive positive change, educate, inform, and entertain.  The
company has corporate offices in Australia, the United Kingdom
and Argentina.

                         *     *     *

Moody's Investors Service upgraded the credit ratings of Getty
Images, Inc. and changed the ratings outlook to stable from
positive.  The upgrade in the corporate family rating to Ba1
from Ba2 reflected Getty's leading market position, improving
credit metrics, impressive operating margins and good secular
growth trends in the stock imagery market.  Moody's also
upgraded its rating on the company's US$265 million series B
convertible subordinated notes due 2023, to Ba2 from Ba3.

As reported in the Troubled Company Reporter - Europe on Dec. 6,
2006, Standard & Poor's Ratings Services lowered its ratings on
Seattle, Wash.-based visual imagery company Getty Images Inc.,
including lowering the corporate credit rating to 'B+' from
'BB', and placed the ratings on CreditWatch with developing
implications.

The rating and CreditWatch actions came after the company
announced that it had received notices from bondholders that its
delayed third-quarter SEC Form 10-Q filing constituted an event
of default.  CreditWatch with developing implications indicates
that the rating could be either raised or lowered.

As of Sept. 30, 2006, Getty had US$265 million of convertible
notes outstanding.


GETTY IMAGES: To Acquire WireImage for US$200 Million in Cash
-------------------------------------------------------------
Getty Images Inc. has entered into an agreement to purchase
WireImage for approximately US$200 million in cash.  The deal
will also include MediaVast Inc., the owner of WireImage, and
sub-brands FilmMagic and Contour Photos.  The acquisition is
subject to regulatory review and other customary closing
conditions.

Getty Images says that the acquisition is expected to support
the company's stated strategy of accelerating the growth of its
editorial imagery business.

"The demand for entertainment, event and celebrity imagery is
growing exponentially, and Getty Images has determined that
there are great growth opportunities in the category," said
Jonathan Klein, co-founder and CEO of Getty Images.  "A key
focus for us in the last several years has been to grow our
editorial imagery business, particularly in international
markets.  The proposed acquisition of WireImage will enable us
to develop new products and services, including podcasts,
editorial video, multimedia, mobile, consumer offerings and
exclusive imagery.  We are confident that the proposed
acquisition will help us expand our global entertainment and
celebrity imagery business, allowing us to satisfy growing
customer demand in the U.S. and abroad."

Under the agreement, WireImage's founding photographers and key
executives have signed long term agreements to remain with
WireImage and Getty Images following the acquisition.

The acquisition will bring together two leading innovators
within the entertainment imagery category.  Getty Images has
made entertainment and celebrity imagery accessible to a growing
global entertainment marketplace through its industry-leading
Web site, featuring search in local languages and purchase in
local currencies, and leads the industry in delivery speed,
service and international distribution.  WireImage has built a
reputation for depth and breadth of entertainment coverage and
has an innovative and customer-friendly Web site.

Several of the companies' product offerings complement each
other. For example, Getty Images' Exclusive by Getty Images
offering, launched in 2006, and MediaVast's Contour Photos will
combine to give customers unprecedented access to celebrity
portraiture and compelling editorial features.

The business of entertainment imagery has grown significantly in
recent years, and like the many other players in the space,
Getty Images has benefited.  The company has targeted this
category for continued growth, especially in non-English
speaking countries, and the acquisition of WireImage is expected
to help the company expand the entertainment and celebrity
imagery segment.

Getty Images plans to maintain MediaVast's three brands:
WireImage, FilmMagic, and Contour Photos, and its Web sites.
WireImage's team and Getty Images will continue to generate new
imagery for their respective collections and make it available
for online distribution, both in the U.S. and globally.

"We are very excited to be joining Getty Images," said Jason
Nevader, co-founder and CEO of MediaVast.  "Under the Getty
Images umbrella our customers will be able to take advantage of
Getty Images' global, localized e-commerce platform.  Getty
Images' breadth of products and services, including their vast
archival collections, will give our customers more choice and
richer, more accessible content."

The company estimates, on a preliminary basis, that the
acquisition will be neutral to earnings per share, excluding
amortization, in 2007 and accretive to earnings per share on a
GAAP basis in 2008.  WireImage's portfolio includes an online
archive of over 8.5 million images.

                     About WireImage

Headquartered in New York, WireImage -- http://WireImage.com/--  
is a digital photo agency and wire service.  It provides
worldwide image syndication through its international offices
and a global network of affiliates in over 50 countries.  Aside
from the U.S., the company operates in Australia, Germany,
Japan, China, Spain, and The Netherlands.

                     About Getty Images

Headquartered in Seattle, Washington, Getty Images Inc. (NYSE:
GYI) -- http://gettyimages.com/-- creates and distributes
visual content and the first place creative professionals turn
to discover, purchase and manage imagery.  The company's award-
winning photographers and imagery help customers create
inspiring work which appears every day in the world's most
influential newspapers, magazines, advertising campaigns, films,
television programs, books and Web sites.  The company has
corporate offices in Australia, the United Kingdom and
Argentina.

                        *     *     *

Moody's Investors Service upgraded the credit ratings of Getty
Images, Inc. and changed the ratings outlook to stable from
positive.  The upgrade in the corporate family rating to Ba1
from Ba2 reflected Getty's leading market position, improving
credit metrics, impressive operating margins and good secular
growth trends in the stock imagery market.  Moody's also
upgraded its rating on the company's US$265 million series B
convertible subordinated notes due 2023, to Ba2 from Ba3.

As reported in the Troubled Company Reporter - Europe on Dec. 6,
2006, Standard & Poor's Ratings Services lowered its ratings on
Seattle, Wash.-based visual imagery company Getty Images Inc.,
including lowering the corporate credit rating to 'B+' from
'BB', and placed the ratings on CreditWatch with developing
implications.

The rating and CreditWatch actions came after the company
announced that it had received notices from bondholders that its
delayed third-quarter SEC Form 10-Q filing constituted an event
of default.  CreditWatch with developing implications indicates
that the rating could be either raised or lowered.

As of Sept. 30, 2006, Getty had US$265 million of convertible
notes outstanding.


HOLLAND CLARKE: Names Liquidator to Wind Up Business
----------------------------------------------------
Guy Charles David Harrison was appointed liquidator of Holland
Clarke Consultancy Ltd. on Feb. 15 for the creditors' voluntary
winding-up procedure.

The company can be reached at:

         Holland Clarke Consultancy Ltd.
         22 Parkview Road
         Greenwich
         London
         SE9 3QW
         England
         Fax: 020 8850 6000


I SPY: Creditors' Meeting Slated for March 7
--------------------------------------------
Creditors of I Spy Security Services Ltd. will meet at 11:00
a.m. on March 7 at:

         Frost Group Ltd.
         Square Root Business Centre
         102 Windmill Road
         Croydon
         CR0 2XQ
         England

Creditors who want to vote at the meeting have until noon on
March 6 to submit their proxy forms together with particulars of
their claims or of any security at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on March 5.


KBG CONSULTING: Creditors' Meeting Slated for March 6
-----------------------------------------------------
Creditors of KBG Consulting Ltd. will meet at 11:30 a.m. on
March 6 at:

         Sanderlings LLP
         12 The Green
         Ashby de la Zouch
         Leicestershire
         LE65 1JU
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge on March 2.


KIELDER PLUMBING: Creditors' Meeting Slated for March 6
-------------------------------------------------------
Creditors of Kielder Plumbing & Heating Contractors Ltd. will
meet at 11:00 a.m. on March 6 at:

         Tenon House
         Ferryboat Lane
         Sunderland
         SR5 3JN
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge on March 2 and March 5.


MAGENTA ONE: Taps Smith & Williamson to Administer Assets
---------------------------------------------------------
Roger Tulloch, Anthony Murphy and Robert Horton of Smith &
Williamson Ltd. were appointed joint administrators of Magenta
One Ltd. (Company Number 04440823) on Feb. 8.

Smith & Williamson -- http://www.smith.williamson.co.uk/--  
provides investment management, financial advisory and
accountancy services to private clients, professional practices,
mid to large corporates and non-profit organizations.

The company can be reached at:

         Magenta One Ltd.
         Warwick House 65-66
         Queen Street
         City of London
         London
         EC4R 1EB
         England
         Tel: 020 7332 9566


MATRAD LTD: Names T. Papanicola as Administrator
------------------------------------------------
T. Papanicola of Bond Partners LLP was named administrator of
Matrad Ltd. (Company Number 04394678) on Feb. 2.

The administrator can be reached at:

         T. Papanicola
         Bond Partners LLP
         The Grange
         100 High Street
         London
         N14 6TG
         England
         Tel: 020 8444 2000
         Fax: 020 8444 3400

The company can be reached at:

         Matrad Ltd.
         122 Handsworth Road
         Sheffield
         South Yorkshire
         S9 4AE
         England
         Tel: 0114 256 2727


MULTIPLEX MEDWAY: Creditors' Meeting Slated for March 7
-------------------------------------------------------
Creditors of Multiplex Medway Ltd. will meet at noon on March 7
at:

         The Chatham Suite
         Bridgewood Manor Hotel
         Bridgewood Roundabout
         Walderslade Woods
         Chatham
         Kent
         ME5 9AX
         England

Creditors who want to vote at the meeting have until noon on
Feb. 23 to submit their proxy forms together with particulars of
their claims or of any security at:

         Maidment Judd
         Verulam House
         110 Luton Road
         Harpenden
         Hertfordshire
         AL5 3B
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge on March 5 at Maidment
Judd.


NMI SECURITY: Debt & Lack of Funds Send Firm Into Liquidation
-------------------------------------------------------------
NMI Security Plc has gone into liquidation due to rising debts
and insufficient equity funding, AFX News reports.

In a statement via the London Stock Exchange, NMI called for an
Extraordinary General Meeting of shareholders at 2:00 p.m. on
March 14 to:

   -- place the company in liquidation and appoint a liquidator;
      and

   -- present a report on the company's current financial
      position and status.

NMI hopes to secure funding prior to the meeting but did not say
whether it is in talks with interested parties, AFX News
reports.

"We're still trying to get funding, and if the funding goes
through we'll withdraw the resolutions," Paul Nathan, NMI's
chief executive told AFX News.

Meanwhile, NMI disclosed that will sell its 40% stake in Nex
Vision SAS to the former owners for EUR140,000.  The company
invested in Nex Vision SAS in 2006, with a view to launching a
new product together.  Nex Vision SAS, however, encountered
technological problems delivering a pilot system, causing delays
and forcing NMI's exit from the firm.

NMI's shares had been suspended on AIM pending clarification of
its financial position, which was negatively affected by its
setback with Nex Vision.

The company inked an exclusive supply agreement with Nex Vision
in late 2005, following the collapse of IPIX Corp.

Headquartered in London, United Kingdom, NMI Security Plc
-- http://www.nmisecurity.com/-- specializes in the
development, design and deployment of immersive video systems
for security and surveillance.


NONNA CAPPUCCINIS: Appoints Jeremy Frost as Administrator
---------------------------------------------------------
Jeremy Frost of Frost Group Ltd. was appointed administrator of
Nonna Cappuccinis Ltd. (Company Number 03958775) on Feb. 14.

The administrator can be reached at:

         Jeremy Frost
         Frost Group Ltd
         Square Root Business Centre
         102 Windmill Road
         Croydon
         Surrey
         CR0 2XQ
         England

The company can be reached at:

         Nonna Cappucinis Ltd.
         10 Blacks Yard
         Sevenoaks
         Kent
         TN13 1DS
         England
         Tel: 01732 461 160
         Fax: 01883 722 733


ORIJIN LTD: Appoints Joint Administrators from Vantis
-----------------------------------------------------
Peter James Hughes-Holland and Frank Wessely of Vantis Plc were
appointed joint administrators of Orijin (U.K.) Ltd. (Company
Number 02817641) on Feb. 8.

Headquartered in United Kingdom, Vantis Plc (fka Vantis
Numerica) -- http://www.vantisplc.com/-- provides accounting,
business and tax advisory services in the United Kingdom.

The company can be reached at:

         Orijin (U.K.) Ltd.
         6 Wise Lane
         Barnet
         London
         NW7 2RE
         England
         Tel: 020 8202 0045


OVERSON LTD: Taps Recovery hjs as Joint Administrators
------------------------------------------------------
Gordon John Johnston and Shane Biddlecombe of Recovery hjs were
appointed joint administrators of Overson Ltd. (Company Number
03214899) on Feb. 2.

The administrators can be reached at:

         Gordon John Johnston and Shane Biddlecombe
         Recovery hjs
         12-14 Carlton Place
         Southampton
         Hampshire
         SO15 2EA
         England
         Tel: 023 8023 4222
         Fax: 023 8023 4888
         E-mail: gordon.johnston@hjsaccountants.co.uk

The company can be reached at:

         Overson Ltd.
         72 High Street
         Haslemere
         Surrey
         GU27 2LA
         England
         Tel: 01428 652 389
         Fax: 01428 653 092


PARIS EXPRESS: Taps Duncan Roderick Morris as Administrator
-----------------------------------------------------------
Duncan Roderick Morris of The Till Morris Partnership was
appointed administrator of Paris Express Ltd. (Company Number
02706105) on Feb. 13.

The administrator can be reached at:

         Duncan Roderick Morris
         The Till Morris Partnership
         2 Church Street
         Warwick
         Warwickshire
         CV34 4AB
         England
         Tel: 01926 497 722
         Fax: 01926 497 733

The company can be reached at:

         Paris Express Ltd.
         Western International Market
         Hayes Road
         Southall
         Middlesex
         UB2 5XG
         England
         Tel: 020 8573 7722


PROFILE PURSUIT: Brings In Administrators from UHY Hacker Young
---------------------------------------------------------------
Andrew Andronikou and Peter Kubik of UHY Hacker Young were
appointed joint administrators of Profile Pursuit Ltd. (Company
Number 02794162) on Feb. 9.

The administrators can be reached at:

         Andrew Andronikou and Peter Kubik
         UHY Hacker Young
         St. Alphage House
         2 Fore Street
         London
         EC2Y 5DH
         England
         Tel: 020 7216 4600
         Fax: 020 7638 2159

The company can be reached at:

         Profile Pursuit Ltd.
         Mermaid House
         2 Puddle Dock
         City of London
         London
         EC4V 3DS
         England
         Tel: 020 7332 2000


PWC LTD: Taps Matthew Colin Bowker to Liquidate Assets
------------------------------------------------------
Matthew Colin Bowker of Unity Business Services LLP was
appointed liquidator of PWC Ltd. on Jan. 29 for the creditors'
voluntary winding-up proceeding.

The liquidator can be reached at:

         Matthew Colin Bowker
         Unity Business Services LLP
         Unity House
         Clive Street
         Bolton
         BL1 1ET
         England


RAW INTERIOR: Claims Filing Period Ends March 23
------------------------------------------------
Creditors of Raw Interior Solutions Ltd. have until March 23 to
send in their full names, their addresses and descriptions, full
particulars of their debts or claims, and the names and
addresses of their solicitors (if any), to:

         Steven Draine
         Joint Liquidator
         Moore Stephens LLP
         3-5 Rickmansworth Road
         Watford
         Hertfordshire
         WD18 0GX
         England

Steven Draine and David Rolph of Moore Stephens LLP were
appointed joint liquidators of the company on Feb. 19 by
resolutions of members and creditors.

Moore Stephens -- http://www.moorestephens.co.uk/-- offers
audit, business support, corporate finance, corporate recovery,
dispute analysis, financial services, insurance broking, IT
consultancy, pensions audit, risk advisory services, tax and
trusts & estates services.  Its U.K. network comprises over
1,400 partners and staff.


REACH GB: High Court Orders Winding-Up Following CIB Probe
----------------------------------------------------------
The High Court in Manchester ordered the winding-up of Reach GB
Ltd. following an investigation by the Companies Investigation
Branch of the Insolvency Service.

CIB's investigation found that the company had been misleading
the public by giving the impression that monies they received
for the wall planner were sent to charity and that there
appeared to have been threats to collect debts incurred for non-
existent services.  Sometimes those threatened had not even
agreed to place adverts.

In making the Winding-up Order, District Judge Needham said that
evidence presented by CIB showed that the company recklessly
misled advertisers, failed to provide goods and services despite
receiving payments totaling GBP416,000, for which no
advertisements were published.

"There has also been misleading of the public in respect of
claims that monies are sent to charity.  There also appears to
have been threats to collect debts incurred in respect of non-
existing services and a failure to cooperate with the Secretary
of State during the investigation." Mr. Needham continued.

"This is a simple case of the public being gulled out of money,"
he added.

Headquartered in Manchester, England, Reach GB Ltd. carried on a
business of the type that has become known as "Support
Publishing".  In this instance Reach sold advertising space in a
business-to-business safety awareness wall planner and booklet.


REMNANT MEDIA: Creditors' Meeting Slated for March 6
----------------------------------------------------
Creditors of Remnant Media Ltd. will meet at 11:30 a.m. on
March 6 at:

         The Selfridge
         Orchard Street
         London
         W1H 6JS
         England

Creditors who want to vote at the meeting have until noon on
March 5 to submit their proxy forms together with particulars of
their claims or of any security at:

         66 Wigmore Street
         London
         W1U 2SB
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on March 2 at:

         66 Wigmore Street
         London
         W1U 2SB
         England


SAP RESTAURANTS: Appoints Paul Anthony Saxton as Liquidator
-----------------------------------------------------------
Paul Anthony Saxton of Elwell Watchorn & Saxton LLP was
appointed liquidator of Sap Restaurants Ltd. (formerly Shimla
Pinks Ltd.) (t/a Shimla Pinks) on Feb. 15 for the creditors'
voluntary winding-up procedure.

Elwell Watchorn & Saxton -- http://www.ews-insolvency.co.uk/--  
provides insolvency and recovery services.  The firm's partners
have considerable expertise in all formal areas of insolvency,
both corporate and personal and have been offering turnaround
advice without the need for formal insolvency.

The company can be reached at:

         Sap Restaurants Ltd.
         Humberstone House
         81 Humberstone Gate
         Leicester
         Leicestershire
         LE1 1WB
         England
         Tel: 0116 247 1471


SDH CONSULTING: Joint Liquidators Take Over Operations
------------------------------------------------------
Anthony Alan Josephs and Linda Ann Farish of RMT were appointed
liquidators of SDH Consulting Ltd (t/a Embers Fireplaces
Centres) on Feb. 15 for the creditors' voluntary winding-up
proceeding.

The company can be reached at:

         SDH Consulting Ltd.
         Bensham Trading Estate
         Lobley Hill Road
         Gateshead
         Tyne and Wear
         NE8 2XN
         England
         Tel: 0191 478 6678


SEATECH INTERNATIONAL: Taps Laurence Russel to Administer Assets
----------------------------------------------------------------
Laurence Russell of Albert Goodman was appointed administrator
of Seatech International (U.K.) Ltd. (Company Number 04076724)
on Feb. 6.

The administrator can be reached at:

         Laurence Russel
         Albert Goodman
         Mary Street House
         Mary Street
         Taunton
         Somerset
         TA1 3NW
         England
         Tel: 01823 286096
         Fax: 01823 257319

The company can be reached at:

         Seatech International (U.K.) Ltd.
         52 Links Crescent
         Western Industrial Estate
         Weston-Super-Mare
         Avon
         BS24 9DJ
         England
         Tel: 01934 424 200


SPIRE AIRVENT: Appoints Administrator from K J Watkin
-----------------------------------------------------
C.H.I. Moore of K.J. Watkin & Co. was appointed administrator of
Spire Airvent Ltd. (Company Number 1900402) on Jan. 31.

The administrator can be reached at:

         C.H.I. Moore
         K. J. Watkin & Co.
         Emerald House
         20-22 Anchor Road
         Aldridge
         Walsall
         West Midlands
         WS9 8PH
         England
         Tel: 01922 452881
         Fax: 01922 450525
         E-mail: chim@kjwatkin.co.uk

The company can be reached at:

         Spire Airvent Ltd.
         Peartree Road
         Stanway
         Colchester
         Essex
         CO3 0LD
         England
         Tel: 01206 543 311
         Fax: 01206 760 497


STEPHENSON & JONES: Creditors' Meeting Slated for March 5
---------------------------------------------------------
Creditors of Stephenson & Jones (Electricals) Ltd. will meet at
1:30 p.m. on March 5 at:

         Sterling House
         22 St. Cuthberts Way
         Darlington
         County Durham
         DL1 1GB
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge on March 1.


STOCKBRIDGE AIRCO: Brings In BWC to Administer Assets
-----------------------------------------------------
David Leighton Cockshott and Paul Andrew Whitwam of BWC Business
Solutions were appointed joint administrators of Stockbridge
Airco Ltd. (Company Number 1079436) on Feb. 9.

The administrator can be reached at:

         David Leighton Cockshott and Paul Andrew Whitwam
         BWC Business Solutions
         8 Park Place
         Leeds
         West Yorkshire
         LS1 2RU
         England
         Tel: 0113 243 3434
         Fax: 0113 243 5049
         E-mail: bwc@bwc-solutions.com

The company can be reached at:

         Stockbridge Airco Ltd.
         Murray Street
         Manchester
         Lancashire
         M4 6AE
         England
         Tel: 0161 236 9314
         Fax: 0161 228 0009


SUNCORP APPLIED: Appoints Administrators from Begbies Traynor
-------------------------------------------------------------
Timothy John Edward Dolder and Nicholas Roy Hood of Begbies
Traynor (South) LLP were appointed joint administrators of
Suncorp Applied Research Ltd. (Company Number 04100838) on Feb.
12.

Begbies Traynor -- http://www.begbies.com/-- assists companies,
creditors, financial institutions and individuals on all aspects
of financial restructuring and corporate recovery.

The company can be reached at:

         Suncorp Applied Research Ltd.
         Warwick House
         Church Lane East
         Aldershot
         Hampshire
         GU11 3ST
         England
         Tel: 01252 346 100


TRAVEL DIRECTORY: Creditors' Meeting Slated for March 6
-------------------------------------------------------
Creditors of The Travel Directory Ltd. will meet at 11:00 a.m.
on March 6 at the office of:

         Irwin & Company
         Station House
         Midland Drive
         Sutton Coldfield
         West Midlands
         B72 1TU
         England

Creditors who want to vote at the meeting have until noon on
March 5 to submit their proxy forms together with particulars of
their claims or of any security at the said address.

Gerald Irwin of Irwin & Company will furnish creditors with
information concerning the company's affairs free of charge as
they may reasonably require.


TRAVEL5LIVE LTD: Brings In C. B. Barrett to Liquidate Assets
------------------------------------------------------------
C. B. Barrett of Unity Business Services LLP was appointed
liquidator of Travel5live Ltd. on Feb. 15 for the creditors'
voluntary winding-up procedure.

The liquidator can be reached at:

         C. B. Barrett
         Unity Business Services LLP
         Unity House
         Clive Street
         Bolton
         BL1 1ET
         England


TRL COMPLIANCE: Claims Filing Period Ends March 9
-------------------------------------------------
Creditors of TRL Compliance Services Ltd. have until March 9 to
send in their names and addresses, with particulars of their
debts or claims, to:

         Lindsey Cooper
         Joint Liquidator
         Baker Tilly
         Brazennose House
         Lincoln Square
         Manchester
         M2 5BL
         England

Baker Tilly -- http://www.bakertilly.co.uk/-- provides auditing
and other services for mid-cap and smaller publicly listed
companies and private companies, particularly those expanding
into new foreign markets.  Services include business and
financial planning, tax-related services, corporate finance,
litigation support, turnaround services, and technology
consulting.


VIRGIN MEDIA: Anticipates Withdrawal of Sky's Basic Channels
------------------------------------------------------------
Virgin Media Inc. (fka NTL Inc.) anticipates a withdrawal of
Sky's basic channels including: Sky One, Sky Two, Sky Three, Sky
News and Sky Sports News at the end of February following an
intensive series of meetings last week.

The nature of these negotiations leads the company to believe
that this outcome has been deliberately engineered by Sky in
order to suppress competition and coerce Virgin Media's
customers into switching to its service by denying them access
to the basic channels.  However, these negotiations do not
impact Sky's premium sports and movies channels, which will
continue to be available to Virgin Media customers.

This view is reinforced by Sky's decision to broadcast, at the
height of negotiations on Feb. 12, a series of promotions
claiming that the channels were about to disappear from Virgin
Media's network.  This was nothing more than a heavy-handed
attempt to exert undue influence on the negotiating process.

Despite a dramatic and sustained decline in the basic channels'
popularity in Virgin Media households and the disappointing
performance of some recent programming, Sky has consistently
demanded a carriage fee more than double the existing
arrangement.  Virgin Media recognizes that the basic channels
have been part of its TV line up for many years and has
responded with a series of offers designed to ensure they remain
so.  Sky, however, continues to demand a price that bears no
relation to the channels' popularity and is radically out of
line with the way it values competitors' channels on its own
network.

It remains Virgin Media's position that negotiations are ongoing
and the company continues to seek an agreement on terms that
make commercial sense for both parties.  However, as things
stand, Sky's demands offer no prospect of being able to reach a
commercially viable agreement to continue carriage of these
channels on Virgin Media's platform.

If Sky withdraws its channels, Virgin Media will divert any
money saved into continuing the transformation of our TV service
with an extensive range of new channels and programming.  This
will include further additions to our existing on-demand library
and ensure our TV service more than matches anything on offer
from Sky.

For Sky meanwhile withdrawal will mean an estimated GBP45
million a year reduction in advertising revenues, over and above
the subscription fees they will forego.  Their willingness to do
so speaks volumes about their desire to suppress meaningful
competition.

This follows a largely overlooked press statement by Sky on
Feb. 8 disclosing plans to remove a number of free channels from
the Freeview platform, depriving over 7 million Freeview viewers
access to those channels.  Sky indicated that it intends to use
these Freeview slots to offer four subscription channels on
terms that have not yet been announced.

Commenting on the anticipated withdrawal of Sky's basic
channels, Steve Burch, President and CEO of Virgin Media said:
"Throughout its history, Virgin has challenged the attempts of
dominant corporations to manipulate markets, stifle competition
and dictate consumer choice," Steve Burch, President and CEO of
Virgin Media.  "It has done so simply by giving consumers a
better deal and Virgin Media is going to do the same.  Sky's
behavior is a heavy-handed and anti-competitive response to that
challenge and consumer choice has been reduced as a result.  I'm
pleased, however, that at a time when they're taking content
away, Virgin Media is giving people more."

Since its launch on Feb. 8, Virgin Media has disclosed plans to
enhance dramatically its digital TV service with a combination
of new programming and cutting edge, on-demand technology.  As a
result, in addition to over 100 traditional broadcast channels,
its digital TV customers now have access to over 2,700 hours of
on-demand programming, including a huge range of hit TV shows
and highlights from the previous week's broadcast schedules.

Recent content deals with the leading studios for major hit
shows such as West Wing, CSI, The OC, Nip/Tuck, together with
our competitively priced packages incorporating Sky Sports and
Movies and the launch of Virgin Central, means that Virgin Media
more than matches any content available to customers in the pay-
TV market.  Virgin Media aims to build on its leading position
and double its offering to 6000 hours of on-demand content over
the coming months.

Headquartered in London, England, Virgin Media Inc. (fka NTL
Inc.) (NASDAQ: VMED) -- http://virginmedia.com/-- provides
broadband, digital television, telephony, content and
communications services, reaching over 50% of the U.K. homes and
85% of the U.K. businesses.

                          *     *     *

As of Feb. 13, Virgin Media Inc. (fka NTL Inc.) carries Moody's
Investors Service's Ba3 Long-Term Corporate Family Rating.  It
also carries Standard & Poor's B+ long-term foreign and local
issuer credit ratings with stable outlook and Fitch's B short-
term rating with stable outlook.


WATERGATE INNS: Creditors' Meeting Slated for March 6
-----------------------------------------------------
Creditors of Watergate Inns Ltd. will meet at 10:30 a.m. on
March 6 at:

         DSi Services
         1 Brassey Road
         Old Potts Way
         Shrewsbury
         Shropshire
         SY3 7FA
         England

Creditors who want to vote at the meeting have until noon on
March 5 to submit their proxy forms at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on March 2.


WEMBLEY PLAYCRAFT: Claims Filing Period Ends March 30
-----------------------------------------------------
Creditors of Wembley Playcraft Ltd. have until March 30 to send
their names and addresses, with particulars of the debts or
claims, to:

         Simon Kirkhope and Peter W. Engel
         Joint Liquidators
         Solomon Hare Business Rescue
         Oakfield House
         Oakfield Grove
         Clifton
         Bristol
         BS8 2BN
         England

Simon Kirkhope and Peter W. Engel of Solomon Hare Business
Rescue were appointed joint liquidators of the company on
Feb. 15.


WORKFORCE LABOUR: Creditors' Meeting Slated for March 5
-------------------------------------------------------
Creditors of Workforce Labour Solutions Ltd. will meet at
2:00 p.m. on March 5 at:

         Ashcrofts
         601 High Road
         Leytonstone
         London
         E11 4PA
         England

Creditors who want to vote at the meeting have until noon on
Feb. 23 to submit their proxy forms together with particulars of
their claims or of any security at the said address.

Harjinder Johal of Ashcrofts will furnish creditors with
information concerning the company's affairs free of charge as
they may reasonably require.

Ashcrofts -- http://www.ashcrofts.net/-- offers hands on
expertise specializing in Business Recovery and Insolvency
providing positive solutions for negative situations.


* Large Companies with Insolvent Balance Sheets
-----------------------------------------------

                                Shareholders   Total    Working
                                   Equity      Assets   Capital
                          Ticker    (US$MM)    (US$MM)   (US$MM)
                          ------ -----------  -------   --------

AUSTRIA
-------
Libro AG                            (111)         174     (182)
Rhi AG                              (214)       1,756      293


BELGIUM
-------
City Hotels               CITY.BR     (7)         210      (15)
Sabena S.A.                          (86)       2,215     (297)


CZECH REPUBLIC
--------------
Ceskomoravska Kolben &
   Danek Praha Holding               (89)         192   (2,186)


DENMARK
-------
Elite Shipping                       (28)         101       19


FRANCE
------
Acces Industrie                       (8)         106      (35)
Arbel                     PA.ARB     (98)         222      (72)
Banque Nationale
   de Paris Guyane        BNPG       (41)         352      N.A.
BSN Glasspack                       (101)       1,151      179
Charbo De France                  (3,872)       4,738   (2,868)
Compagnie Francaise de
   l'Afrique Occidentale             (65)         256       21
Dollfus Mieg & Cie S.A.   DS         (16)         143      (45)
Euro Computer System                (110)         682      377
Genesys S.A.              GNS.PA     (10)         120       (5)
Grande Paroisse S.A.                (927)         629      330
Immob Hoteliere                      (68)         233       29
Labo Dolisos              DOLI.PA    (28)         110      (33)
Matussiere et Forest S.A. MTF        (78)         294      (28)
Oeneo S.A.                SABT.PA    (12)         292       38
Pneumatiques Kleber S.A.             (34)         480      139
Rhodia S.A.               RHA       (788)       6,681      171
SDR Centrest                        (132)         252      N.A.
SDR Picardie                        (135)         413      N.A.
Selcodis S.A.             SPVX       (18)         128       22
Soderag                               (3)         404      N.A.
Sofal S.A.                          (305)       6,619      N.A.
Spie-Batignolles                     (16)       5,281       75
St Fiacre (FIN)                       (1)         111      (33)
Teamlog                   TLO        (19)         109       (3)
Trouvay Cauvin                        (0)         134       10
Usines Chausson                      (23)         249       35


GERMANY
-------
Cognis Deutschland
   GmbH & Co. KG                    (174)       3,003      606
Dortmunder
   Actien-Brauerei        DABG       (13)         118      (29)
EM.TV AG                  EV4G.BE    (22)         849       15
F.A. Guenther & Son AG    GUSG        (8)         111      N.A.
Kaufring AG               KAUG       (19)         151      (51)
Maternus Kliniken AG      MAK.F       (3)         207      (30)
Nordsee AG                            (8)         195      (31)
Plambeck Neue
   Energien AG            PNE3        (4)         141       19
Primacom AG               PRIG      (268)       1,257   (1,048)
Rinol AG                  RLIG       (64)         104      (15)
Schaltbau Hold            SLTG       (23)         144       (7)
SinnLeffers AG            WHGG        (4)         454     (145)
Spar Handels- AG          SPAG      (442)       1,433     (234)
Vivanco Gruppe                       (55)         131      (31)


GREECE
------
Empedos S.A.              EMPED      (34)         175      (48)
Pouliadis Associates
   Corporation            POUL       (28)         124      (31)
Radio A.Korassidis        KORA      (101)         181     (139)
   Commercial

HUNGARY
-------
Exbus Asset Management
   Nyrt.                  EXBUS      (30)         118   (5,162)


ICELAND
-------
Decode Genetics Inc.      DCGN        (9)         229      141

ITALY
-----
Binda S.p.A.              BND        (11)         129      (20)
Cirio Finanziaria S.p.A.            (422)       1,583     (396)
Credito Fondiario
   e Industriale S.p.A.             (200)       4,218      N.A.
Finpart S.p.A.                      (152)         732     (322)
Gruppo Coin S.p.A.        GC        (150)       4,218      N.A.
I Viaggi del
   Ventaglio S.p.A.       VVE.MI     (61)         487      (58)
Olcese S.p.A.             OLCI.MI    (13)         180      (64)
Parmalat Finanziaria
   S.p.A.                        (18,419)       4,121  (12,481)
Technodiffusione
   Italia S.p.A.          TDIFF.PK   (90)         152      (24)
Wind Telecomunicazioni
   S.p.A.                            (10)      12,698     (815)

NETHERLANDS
-----------
Baan Company N.V.         BAAN        (8)         610       46
United Pan-Euro Air       UPC     (5,266)       5,180   (8,730)


NORWAY
------
Petroleum-Geo Services    PGO        (32)       2,963   (5,250)


POLAND
------
Mostostal Zabrze          MECOF.PK    (6)         227     (366)
Vista Alegre Atlantis
   SGPS S.A.              VAAAE      (18)         193      (83)

ROMANIA
-------
Oltchim RM Valce          OLT        (45)         232     (321)


RUSSIA
------
OAO Samaraneftegas                  (332)         892  (16,942)
Zil Auto                            (185)         378  (11,107)


SPAIN
-----
Altos Hornos de
   Vizcaya S.A.                     (116)       1,283     (278)
Santana Motor S.A.                   (46)         223       41
Sniace S.A.                          (10)         134      (37)


SWITZERLAND
-----------
Wedins Skor
    Accessoarer AB                   (10)         139     (129)


TURKEY
------
Nergis Holding                       (24)         125       26
Yasarbank                           (948)         623      N.A.


UKRAINE
-------
Dnepropetrovsk Metallurgical
   Plant Imeni Petrovsko              (2)         278     (509)
Dniprooblenergo                      (38)         478     (797)
Donetskoblenergo                    (166)         706   (1,320)


UNITED KINGDOM
--------------
Abbott Mead Vickers                   (2)         168      (16)
AEA Technology Plc        AAT.L      (24)         340      (50)
Alldays Plc                         (120)         252     (202)
Amey Plc                             (49)         932      (47)
Anker Plc                 ANK.L      (22)         115       13
Atkins (WS) Plc           ATK        (63)       1,279       70
Bonded Coach
   Holiday Group Plc                  (6)         188      (44)
Blenheim Group                      (153)         198      (34)
Booker Plc                BKRUY      (60)       1,298       (8)
Bradstock Group           BDK         (2)         269        5
Brent Walker Group        BWL     (1,774)         867   (1,157)
British Energy Plc        BGY     (5,823)       4,921      434
British Nuclear
   Fuels Plc                      (4,248)      40,326      977
Compass Group             CPG       (668)       2,972     (298)
Costain Group             COST       (39)         567       (5)
Danka Bus System          DNK.L     (108)         540       34
Dawson Holdings           DWN.L      (12)         158      (19)
Easynet Group             ESY.L      (45)         323       38
Electrical and Music
   Industries Group       EMI     (1,264)       2,818     (253)
Euromoney Institutional
   Investor Plc           ERM.L      (88)         297      (56)
European Home Retail Plc  EHRL       (14)         111      (37)
Gartland Whalley                     (11)         145       (8)
Global Green Tech Group             (156)         408      (18)
Gondola Holdings Plc      GND.L     (239)         987     (396)
Heath Lambert
   Fenchurch Group Plc               (10)       4,109      (10)
HMV Group Plc             HMV         (4)         948     (175)
Homestyle Group Plc       HME        (29)         409     (124)
Imperial Chemical
   Industries Plc         ICI       (835)       8,881      (49)
Invensys PLC                      (1,031)       3,875      494
IPC Media Ltd.                      (685)         254       16
Jarvis Plc                JRVS.L    (683)         492     (371)
Lambert Fenchurch Group               (1)       1,827        3

Lattice Group                     (1,290)      12,410   (1,228)
Leeds United              LDSUF.PK   (73)         144      (29)
M 2003 Plc                        (2,204)       7,205     (756)
Manchester City                      (17)         154      (21)
Micro Focus
   International Plc      MCRO.L     (14)         115      (11)
Mytravel Group            MT.L      (283)       1,159     (410)
Orange Plc                ORNGF     (594)       2,902        7
Park Group Plc            PKG.L       (5)         111      (13)
Partygaming Plc           PRTY       (46)         398     (110)
Premier Farner Plc        PFL        (33)         964      127
Premier Foods Plc         PFD.L      (31)       1,475       16
Probus Estates Plc        PBE.L      (28)         113      (49)
Regus Plc                 RGU.L      (46)         367      (60)
Rentokil Initial Plc      RTO     (1,134)       2,678      (45)
RHM Plc                   RHM       (586)       2,411       59
Saatchi & Saatchi         SSI       (119)         705      (41)
Seton Healthcare                     (11)         157        0
SFI Group                           (108)         178     (162)
Telewest
   Communications Plc     TLWT    (3,702)       7,581   (5,361)
UK Coal Plc               UKC        (25)         865      (62)
Virgin Mobile
   Holdings Plc           VMOB.L    (490)         155      (80)
Wincanton Plc             WIN        (66)       1,236      (71)

                           *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices
are obtained by TCR editors from a variety of outside sources
during the prior week we think are reliable.  Those sources may
not, however, be complete or accurate.  The Monday Bond Pricing
table is compiled on the Friday prior to publication.  Prices
reported are not intended to reflect actual trades.  Prices for
actual trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy
or sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies
with insolvent balance sheets whose shares trade higher than
US$3 per share in public markets.  At first glance, this list
may look like the definitive compilation of stocks that are
ideal to sell short.  Don't be fooled.  Assets, for example,
reported at historical cost net of depreciation may understate
the true value of a firm's assets.  A company may establish
reserves on its balance sheet for liabilities that may never
materialize.  The prices at which equity securities trade in
public market are determined by more than a balance sheet
solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

Each Friday's edition of the TCR includes a review about a book
of interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Jazel P. Laureno, Julybien Atadero, Carmel Zamesa
Paderog, Joy Agravante, Zora Jayda Zerrudo Sala, Kristina A.
Godinez, and Pius Xerxes Tovilla, Editors.

Copyright 2007.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.

Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *