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 Wednesday, November 28, 2007, Vol. 8, No. 236 Headlines A U S T R I A ABIS BAU: Claims Registration Period Ends December 5 DOLCETTO LLC: Claims Registration Period Ends December 3 ESEROVA & KINDERMANN: Claims Registration Period Ends Dec. 27 FORTAX LLC: Claims Registration Period Ends December 5 B E L G I U M POPE & TALBOT: PwC Suggests Extension of Stay Period to Jan. 15 POPE & TALBOT: Obtains Interim Authority to Borrow Up to US$68MM POPE & TALBOT: Obtains Interim Nod to Use of Cash Collateral QUEBECOR WORLD: To Suspend Dividends on Preferred Shares D E N M A R K IKON OFFICE: Board Approves US$500 Mil. Common Stock Redemption F I N L A N D EXIDE TECH: Posts US$14.8 Mln Net Loss in Fiscal 2008 2nd Qtr. F R A N C E ALCATEL-LUCENT SA: Inks EUR750 Million Deal with Chinese Firms CHARLES JOURDAN: French Court to Name Buyer to November 29 DOMAINE DE FAUGERAS: Files for Bankruptcy Protection RHODIA SA: Moody's Holds Ba3 Rating on Strong Performance G E R M A N Y A-SOCKS GMBH: Claims Registration Period Ends December 7 AL & FA: Claims Registration Ends January 6, 2008 AONE VERWALTUNG: Claims Registration Period Ends December 7 AUTOVERLEIH LEUTE: Claims Registration Ends January 12, 2008 B + M MALERMEISTERBETRIEB: Claims Filing Ends January 14, 2008 BACK BOY: Claims Registration Ends January 3, 2008 BHB - HOLZ: Creditors' Meeting Slated for November 27 BRILLENBOUTIQUE WERNER: Claims Registration Period Ends Dec. 21 BTP BANTER: Claims Registration Period Ends December 10 CHARTER-TRUCK SPEDITION: Claims Registration Ends Jan. 9, 2008 CS COMPUTER: Claims Registration Ends January 4, 2008 DES ONLINEAUSKUNFT: Creditors' Meeting Slated for December 6 ERDL DRUCK: Claims Registration Period Ends Dec. 31 GENIUSMECHANICS SOFTWARE: Claims Registration Period Ends Dec. 4 H. + G. SCHEDING: Claims Registration Period Ends Dec. 31 HEINZ KUECKELMANN: Claims Registration Period Ends December 5 HOHNRATH PRINT: Claims Registration Period Ends Jan. 16, 2008 KASTNER & CALLWEY: Claims Registration Ends January 2, 2008 MAAT PROJEKTENTWICKLUNGSGESELLSCHAFT: Claims Filing Ends Dec. 6 NAUTINTEC CATAMARANS: Claims Registration Ends January 4, 2008 O & M VERTRIEBS: Claims Registration Period Ends Dec. 28 OMELUR GMBH: Claims Registration Period Ends November 28 PAHL EDELSTAHL: Claims Registration Ends January 3, 2008 PM TRADE: Claims Registration Ends January 4, 2008 REMI INNENPUTZ: Claims Registration Period Ends December 27 SECURITY UND SERVICE: Claims Registration Ends January 10, 2008 TERE NORDISCHE: Creditors' Meeting Slated for December 14 W. MOELLER: Claims Registration Period Ends December 17 I T A L Y CARROZZERIA BERTONE: Files for Bankruptcy Protection K A Z A K H S T A N ALGA JYLU: Proof of Claim Deadline Slated for December 21 ASIA COMPANY-LTD: Creditors Must File Claims December 25 INTER TORG: Claims Filing Period Ends December 25 ISHIM PRODUCTION: Creditors' Claims Due on December 25 KAZELECTROSHIT-NT: Claims Registration Ends December 21 KEMENGER LTD: Proof of Claim Deadline Slated for December 21 MACCONNEL DAWEL: Creditors Must File Claims December 21 NORD ASTANA: Claims Filing Period Ends December 25 WEB MARKET: Creditors' Claims Due on December 21 K Y R G Y Z S T A N AL-AHDUT LLC: Creditors Must File Claims by December 21 SIYAN KG: Proof of Claim Deadline Slated for December 21 N E T H E R L A N D S X5 RETAIL: Earns US$13.15 Million for Third Quarter 2007 X5 RETAIL: Evgeny Kornilov to Replace Vitaliy Podolskiy as CFO R U S S I A ALGORITHM G CJSC: Creditors Must File Claims by Dec. 10 AL'MENDA CJSC: Creditors Must File Claims by Dec. 10 BRIDGE-TECHNIKA CJSC: Claims Filing Period Ends Jan. 10, 2008 CHERLAKSKIJ OJSC: Claims Filing Period Ends Jan. 10, 2008 DYAT'KOVSKIJ CRYSTAL: Asset Sale Slated for Dec. 10 ELECTRON-2 LLC: Bankruptcy Hearing Slated for Jan. 29, 2008 FORD MOTOR: Strike Continues Despite Initial Wage Agreement METALLINVESTBANK: Moody's Puts Outlook to Neg. on B2/NP Ratings MINE FIREFIGHTING: Creditors Must File Claims by Jan. 10, 2008 ROSNEFT OIL: Takes Over Yurubcheno-Tokhomskoye Oil Field License S B CJSC: Creditors Must File Claims by Dec. 10 TNK-BP HOLDING: Units' Minority Owner Cry Rights Violations X5 RETAIL: Earns US$13.15 Million for Third Quarter 2007 X5 RETAIL: Evgeny Kornilov to Replace Vitaliy Podolskiy as CFO S P A I N AYT CAIXA: Moody's Junks Series E1 & E2 Notes S W I T Z E R L A N D ARNOLD FUCHS: Schwyz Court Closes Bankruptcy Proceedings B.COM INNOVATION: St. Gallen Court Closes Bankruptcy Proceedings CHIMEX HANDEL: Lucerne Court Starts Bankruptcy Proceedings ERGOLZ IMMOBILIEN: Creditors' Liquidation Claims Due by Nov. 30 FANTASY TOURS: Schwyz Court Closes Bankruptcy Proceedings G10 SOFTWARE: Grisons Court Starts Bankruptcy Proceedings H4T LLC: Creditors' Liquidation Claims Due by November 30 HAMBURGER HANDEL: Creditors' Liquidation Claim Due by December 3 HANS BOMMER: Creditors' Liquidation Claims Due by November 30 KELESTONE JSC: Creditors' Liquidation Claims Due by November 30 LILIENBERG UNTERNEHMERFORUM: Creditors Must File by November 29 LIWI HOLDING: Creditors' Liquidation Claims Due by December 7 MAN-IT LLC: Creditors' Liquidation Claims Due by December 3 PASTELFRA JSC: Creditors' Liquidation Claims Due by November 29 SUITI JSC: Creditors' Liquidation Claim Due by November 29 U K R A I N E AGRICULTURAL UKRAINE: Proofs of Claim Filing Ends November 29 AGROBUILD LLC: Proofs of Claim Filing Ends November 29 DNIEPRO SPECIAL: Proofs of Claim Filing Ends November 29 KAMIANKA SUGAR: Proofs of Claim Filing Ends November 29 NIKA TV: Creditors Must File Claims by November 29 OUR HOUSE: Creditors Must File Claims by November 29 ROS-ELEVATOR LLC: Creditors Must File Claims by November 29 SHOSTKA CHEMICAL: Proofs of Claim Filing Ends November 29 UKRAGRO LLC: Creditors Must File Claims by November 30 VESELY KHUTOR: Creditors Must File Claims by November 29 VOZNESENSKAL AGRICULTURAL: Creditors Must File Claims by Nov. 30 ZGUROVKA BEET: Proofs of Claim Filing Ends November 29 U N I T E D K I N G D O M ASHFORD OVERLOAD: Appoints Tenon as Joint Administrators BFS INVESTMENTS: FSCS Declares Firm in Default BHE SPORTS: Appoints Joint Administrators from Vantis BLOXWICH AUTOMOTIVE: Taps Grant Thornton as Administrators BODYSHOP MANAGEMENT: Names Administrator from Tenon Recovery CLARITY FINANCIAL: Calls In Liquidators from Tenon Recovery DAVEY & CO: Names Philip Michael Lyon Liquidator DTD CONCEPTS: Brings In Administrators from Grant Thornton FORD MOTOR: Strike Continues Despite Initial Wage Agreement FOSTER ENGINEERING: A. Poxon Leads Liquidation Procedure HAIR & BEAUTY: Appoints Martin Dominic Pickard as Liquidator HIGHLIGHT DIGITAL: Brings In Menzies to Administer Assets J CHARLTON: Appoints Joint Administrators from KPMG JS CHINN: 80 Parties Show Interest to Buy Company MAYS ENGINEERING: Brings In Liquidators from Vantis MONITOR OIL: Files for Bankruptcy Protection in New York MONITOR OIL: Voluntary Chapter 11 Case Summary MULTILAYER COMMUNICATIONS: Brings In Kroll to Administer Assets PALS PRECISION: Appoints Ernst & Young to Administer Assets PUB CLOTHES: Claims Filing Period Ends December 31 STONEHENGE LINEN: Taps Keith Aleric Stevens to Liquidate Assets SUNGLOSS LTD: Hires Liquidators from Tenon Recovery TEKTRONIX INC: Completes US$2.8 Bil. Merger Deal with Danaher TRIFORM MOULDS: Taps Menzies as Joint Administrators VOGUE CARS: Claims Filing Period Ends Jan. 1, 2008 ********* ============= A U S T R I A ============= ABIS BAU: Claims Registration Period Ends December 5 ---------------------------------------------------- Creditors owed money by LLC ABIS Bau (FN 63903a) have until Dec. 5 to file written proofs of claim to court-appointed estate administrator Wolfgang Winkler at: Mag. Wolfgang Winkler c/o Dr. Maximilian Schludermann Reisnerstrasse 32/12 1030 Vienna Austria Tel: 715 50 45 Fax: 715 50 474 E-mail: office@anwalt-vienna.at Creditors and other interested parties are encouraged to attend the creditors' meeting at 9:00 a.m. on Dec. 19 for the examination of claims. The meeting of creditors will be held at: The Trade Court of Vienna Room 1606 Vienna Austria Headquartered in Vienna, Austria, the Debtor declared bankruptcy on Oct. 23 (Bankr. Case No. 4 S 123/07a). Maximilian Schludermann represents Mag. Winkler in the bankruptcy proceedings. DOLCETTO LLC: Claims Registration Period Ends December 3 -------------------------------------------------------- Creditors owed money by LLC Dolcetto (FN 228969w) have until Dec. 3 to file written proofs of claim to court-appointed estate administrator Christopher Straberger at: Dr. Christopher Straberger Maria Theresia Strasse 19 4600 Wels Austria Tel: 07242/47175, 47244 Fax: 07242/641222 E-mail: office@straberger.at Creditors and other interested parties are encouraged to attend the creditors' meeting at 11:20 a.m. on Dec. 13 for the examination of claims. The meeting of creditors will be held at: The Land Court of Wels Hall 101 First Floor Maria Theresia Strasse 12 Wels Austria Headquartered in Wels, Austria, the Debtor declared bankruptcy on Oct. 23 (Bankr. Case No. 20 S 129/07g). ESEROVA & KINDERMANN: Claims Registration Period Ends Dec. 27 ------------------------------------------------------------- Creditors owed money by LLC Eserova & Kindermann (FN 255721k) have until Dec. 27 to file written proofs of claim to court- appointed estate administrator Petra Diwok at: Mag. Petra Diwok Landstrasser Hauptstrasse 34 1030 Vienna Austria Tel: 713 80 57 Fax: 713 07 76 E-mail: diwok@aon.at Creditors and other interested parties are encouraged to attend the creditors' meeting at 10:10 a.m. on Jan. 9, 2008 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 Oct. 23 (Bankr. Case No. 2 S 146/07v). FORTAX LLC: Claims Registration Period Ends December 5 ------------------------------------------------------ Creditors owed money by LLC Fortax (FN 282369z) have until Dec. 5 to file written proofs of claim to court-appointed estate administrator Horst Winkelmayr at: Mag. Horst Winkelmayr c/o Dr. Carl Knittl Porzellangasse 22A/1/7 1090 Vienna Austria Tel: 532 47 77 Fax: 532 47 77 50 E-mail: rae@kniwi.at Creditors and other interested parties are encouraged to attend the creditors' meeting at 9:15 a.m. on Dec. 19 for the examination of claims. The meeting of creditors will be held at: The Trade Court of Vienna Room 1606 Vienna Austria Headquartered in Vienna, Austria, the Debtor declared bankruptcy on Oct. 23 (Bankr. Case No. 4 S 122/07d). Carl Knittl represents Mag. Winkelmayr in the bankruptcy proceedings. ============= B E L G I U M ============= POPE & TALBOT: PwC Suggests Extension of Stay Period to Jan. 15 --------------------------------------------------------------- PricewaterhouseCoopers Inc., the court-appointed Monitor in Pope & Talbot Inc. and its debtor-affiliates' CCAA proceedings, has recommended to the Superior Court of Justice (Commercial List) for the Province of Ontario, in Canada, that the Applicants' request for an extension of the stay period to Jan. 15, 2008, be granted. As reported in the Troubled Company Reporter on Nov. 5, 2007, the Hon. Justice Geoffrey B. Morawetz held that until and including Nov. 23, 2007, no proceeding or enforcement process in any court or tribunal will be commenced or continued against or in respect of the Applicants, the Partnerships or PricewaterhouseCoopers Inc., the court-appointed Monitor, or affecting the Applicants' business or property except with the written consent of the Applicants, the Partnerships and the Monitor, or with leave of the CCAA Court. The Monitor has asserted in its second report to Mr. Justice Morawetz dated Nov. 20, 2007, that the Applicants require additional time to determine and implement the appropriate next steps toward their restructuring. "An extension of the stay period is needed to provide the stability required during that time," the Monitor said. The Monitor believes that, based on information currently available, creditors would not be materially prejudiced by an extension of the stay period to Jan. 15, 2008. "The Applicants have acted and are acting in good faith and with due diligence and that circumstances exist that make an extension of the stay period appropriate," the Monitor maintained. Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC: PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products business. Pope & Talbot was founded in 1849 and produces market pulp and softwood lumber at mills in the US and Canada. Markets for the company's products include the US, United Kingdom, Canada, South America and the Pacific Rim. The company and its U.S. and Canadian subsidiaries applied for protection under the Companies' Creditors Arrangement Act of Canada on Oct. 28, 2007. The Debtors' initial CCAA Stay expires on Nov. 23, 2007. The company and fourteen of its debtor-affiliates filed for Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case No. 07-11738). Laura Davis Jones, Esq. at Pachulski Ziehl & Jones L.L.P. is Debtors' proposed bankruptcy counsel. When the Debtors filed for bankruptcy, they listed total assets of US$681,960,000 and total debts of US$601,090,000. The Debtors' exclusive period to file a plan expires on March 18, 2008. Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21, 2007, filed an application for relief under Belgian bankruptcy laws in the commercial court in Brussels. If the Belgian court grants Pope & Talbot Europe's application, it is expected it will be liquidated through the bankruptcy proceeding. (Pope & Talbot Bankruptcy News, Issue No. 5; Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/or 215/945-7000). POPE & TALBOT: Obtains Interim Authority to Borrow Up to US$68MM ---------------------------------------------------------------- The United States Bankruptcy Court for the District of Delaware has granted Pope & Talbot Inc. and its debtor-affiliates authority, on an interim basis, to borrow up to US$68,000,000 from Wells Fargo, Ableco Finance, and other DIP lenders. The Debtors related that their inability to obtain sufficient liquidity and to make critical payments on certain obligations on a timely basis would result in a permanent and irreplaceable value to the detriment of their estates. Thus, the Debtors determined that they would require debtor-in-possession financing to meet their ongoing liability needs. After review and deliberation and in accordance with the advice of Rothschild Inc., the Debtors entered into a DIP Loan Agreement dated Nov. 19, 2007, with Wells Fargo Financial Corporation Canada, as administrative agent, Ableco Finance LLC, as collateral agent; and certain other lenders. The DIP facility is comprised of: (1) a revolving credit facility of up to US$71,062,301, and (2) a multi-draw term loan B credit facility of up to US$18,000,000. The DIP facility also includes a US$17,062,301 subfacility for the issuance of letters of credit. The DIP Loan Agreement is principally designed as a mechanism to achieve the sales of substantially all of the Debtors' ongoing business, Laura Davis Jones, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington, Delaware, says. The DIP Loan Agreement contemplates that the proposed sales will be completed prior to Feb. 15, 2008. Loan Proceeds Available financing and advances under the DIP Loan Agreement will be made to fund the Debtors' working capital and general corporate needs, including professional fees as approved by the Court, the Court ruled. Upon final approval of the DIP facility, proceeds of the DIP loans will also be used to: -- repay all prepetition revolver obligations in full; -- pay all accrued and unpaid interest and letter of credit fees in respect of the DIP loans; and -- pay fees and expenses of the DIP lenders in respect of the DIP Loan Agreement and prepetition loan facilities. The DIP lenders are granted superpriority administrative expense status pursuant to Section 364(c)(1) of the Bankruptcy Code. As security for the DIP obligations, the DIP lenders are granted, subject and subordinate in priority of payment only to the carve-out and the permitted priority liens: -- first priority, perfected security interests and liens, in and on all postpetition collateral, -- first priority, perfected security interests in and liens on all of the Debtors' currently owned and after acquired unencumbered property, and -- solely with respect to the term loan priority collateral, junior priority, perfected security interests in and liens on all of the Debtors' property. Interest Rate The revolver loans are subject to a 5% Eurodollar loan interest and a 4% base rate loan interest. The term loans are subject to a 9.75% Eurodollar loan interest and a 8.75% base rate loan interest. Upon an event of default, the loans are subject to default interest at a rate of 2% in excess of the rate of interest otherwise in effect. Maturity Date The DIP facility will terminate on the earlier of: (i) Feb. 15, 2008; (ii) the date of both (x) the effective date and substantial consummation of a chapter 11 plan of reorganization and (y) the effective date and implementation of a plan of compromise or arrangement in the CCAA proceedings; (iii) 30 days after the entry of the applicable interim bankruptcy court order if the applicable final bankruptcy court order has not been entered by the U.S. Bankruptcy Court and if the Canadian DIP order has not been made by the Canadian bankruptcy court, in each case, on or prior to that date; (iv) the date on which the stay of the CCAA proceedings expires; (v) the date of the closing of a sale of all or substantially all of the the Debtors' assets pursuant to Section 363 of the Bankruptcy Code and the CCAA; (vi) an earlier date on which all DIP loans and other extensions of credit will become due and payable in accordance with the terms of DIP Loan Agreement and other DIP loan documents. Carve Out The DIP Loan Agreement contains a "carve-out" for the payment of certain professional fees and the U.S. Trustee fees. The scope of the carve-out in the DIP Loan Agreement also provides carve- outs for (i) the Debtors' operating expenses incurred pursuant to the budget as of the acceleration date or the final maturity date, (ii) accrued payroll and related expenses for the two-week period immediately preceding any such date, and (iii) the "Directors' Charge" provided in the CCAA initial order. Fees The Debtors will pay for the account of each revolving credit lender, a commitment fee for the period from and including the date of the DIP Loan Agreement to the last day of the revolving credit commitment period. The commitment fee is computed at the commitment fee rate of 0.5% per annum on the average daily amount of the available revolving credit commitment. The Debtors will pay the lenders a non-refundable US$600,000 fee at the closing of the DIP facility. Other Provisions The DIP facility also provides for mandatory prepayment provisions, and customary events of default. Until all fees and all other DIP obligations have been paid in full, it will deemed an event of default under the DIP loan documents if the Debtors fail to: A. In the case of the Debtors' wood products business: * obtain by Nov. 30, 2007, Court approval of procedures for sale of substantially all of the wood business assets; * conduct, on or before Dec. 20, 2007, one or more auctions for the sale of substantially all of the wood business assets; * obtain, on or before Jan. 8, 2008, Court approval of the sale of substantially all of the wood business assets; and * consummate no later than Jan. 31, 2008, one or more sale of substantially all of the wood business assets. B. In the case of the Debtors' pulp business * obtain by Dec. 7, 2007, Court approval of procedures for sale of substantially all of the pulp business assets; * conduct, on or before Jan. 22, 2008, one or more auctions for the sale of substantially all of the pulp business assets; * obtain, on or before Jan. 28, 2008, Court approval of the sale of substantially all of the pulp business assets; and * consummate no later than the final maturity date of the DIP loans, one or more sale of substantially all of the wood business assets. A full-text copy of the DIP Loan Agreement is available for free at http://researcharchives.com/t/s?25b7 The DIP motion is subject to approval of the Bankruptcy Court and the CCAA Court. Monitor's Comments PricewaterhouseCoopers Inc., as monitor in the proceedings commenced by the Debtors under the Companies' Creditors Arrangement Act of Canada, says that while it has not been involved in the negotiation of the DIP Loan Agreement, it understands that the loan agreement represents the only additional financing currently available to them. Accordingly, the Monitor supports the Debtors' entering into the DIP Loan Agreement. The DIP Loan Agreement though, the Monitor points out, provides significant restrictions and limitations on the Debtors' ability to operate their businesses as well as restrictions on the Debtors' restructuring alternatives, which include a compulsory sale process and timeline. "It is possible that the [Debtors] could be in default of its obligations prior to the final maturity date, and the DIP lender could exercise its enforcement rights and remedies under the DIP Loan Agreement," Greg Watson, president of PwC, says. According to the Monitor, it has informed the Debtors and the DIP lenders of its preliminary observations with respect to the timing of the sales process and the need to ensure that there is sufficient time and ability for potential purchasers to fully consider and participate in the sales process. The Monitor maintains that it intends to discuss the sales procedure and timelines with the Debtors and the DIP lenders. The Monitor adds that its counsel has completed a preliminary review of the security granted by the Debtors to the lenders under the DIP Lredit Agreement. The Monitor's counsel has concluded that the lenders' security are valid and enforceable in accordance with their terms and perfected in registration in Ontario. The counsel is awaiting results necessary to confirm similar conclusions with respect to British Columbia. Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC: PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products business. Pope & Talbot was founded in 1849 and produces market pulp and softwood lumber at mills in the US and Canada. Markets for the company's products include the US, United Kingdom, Canada, South America and the Pacific Rim. The company and its U.S. and Canadian subsidiaries applied for protection under the Companies' Creditors Arrangement Act of Canada on Oct. 28, 2007. The Debtors' initial CCAA Stay expires on Nov. 23, 2007. The company and fourteen of its debtor-affiliates filed for Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case No. 07-11738). Laura Davis Jones, Esq. at Pachulski Ziehl & Jones L.L.P. is Debtors' proposed bankruptcy counsel. When the Debtors filed for bankruptcy, they listed total assets of US$681,960,000 and total debts of US$601,090,000. The Debtors' exclusive period to file a plan expires on March 18, 2008. Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21, 2007, filed an application for relief under Belgian bankruptcy laws in the commercial court in Brussels. If the Belgian court grants Pope & Talbot Europe's application, it is expected it will be liquidated through the bankruptcy proceeding. (Pope & Talbot Bankruptcy News, Issue No. 5; Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/or 215/945-7000). POPE & TALBOT: Obtains Interim Nod to Use of Cash Collateral ------------------------------------------------------------ The United States Bankruptcy Court for the District of Delaware has granted Pope & Talbot Inc. and its debtor-affiliates, authority, on an interim basis, to use the lenders' cash collateral in the Debtors' existing bank operating accounts in an amount not to exceed US$14,800,000. Prior to the bankruptcy filing, the Debtors borrowed money from Wells Fargo Financial Corporation Canada, as administrative agent; Ableco Finance LLC, as term loan B agent and collateral agent; and certain other lenders pursuant to a credit agreement dated June 2006, as subsequently amended. The prepetition credit agreement provided for: * a term loan B facility of US$130.5 million, * a term loan C facility of US$119.5 million, and * a revolving credit facility of up to US$75 million. The Debtors other than Pope & Talbot Ltd. guaranteed P&T Ltd.'s obligations under the prepetition credit agreement. P&T Ltd.'s prepetition obligations and the Debtor guarantors' obligations are secured by substantially all of the Debtors' assets. As of Oct. 29, 2007, the Debtors' prepetition obligations that remained outstanding are: Aggregate Category Principal Amt. -------- -------------- Prepetition revolving loan obligations US$37,196,614 Prepetition term loan obligations US$185,440,383 Prepetition letters of credit US$17,155,183 Prepetition bank product obligations US$7,944,908 Pursuant to a Forbearance Agreement with the Debtors, the prepetition lenders implemented a mechanism for sweeping the Debtors' bank accounts on a daily basis prior to the bankruptcy filing. Accordingly, the Debtors had minimal cash on hand as of Oct. 28, 2007, the date they filed for voluntary application under the Companies' Creditors Arrangement Act. Subsequently, pursuant to the CCAA initial order, the prepetition lenders were stayed from sweeping cash from P&T Ltd.'s bank accounts and the Debtors were authorized to use the cash that they had in their accounts and any cash receipts from their outstanding accounts. As of the bankruptcy filing, the Debtors estimate that they have approximately US$4,000,000 in their bank accounts. Pope & Talbot Inc. president and chief executive officer Harold N. Stanton says that the Debtors require the continued use of any cash that they may have, as well as any cash receipts from outstanding accounts that they receive after the bankruptcy filing, to continue to (i) finance their operations, (ii) make essential payments like employee wages, payroll and other taxes, and (iii) for the purchase of goods, materials and other general corporate and working capital purposes in the ordinary course of the Debtors' businesses. The Debtors, with the assistance of advisors, have prepared a weekly projection of their cash and expenditures for the 14 weeks. A full-text copy of the Debtors' forecast of cash flows commencing as of the week ending Nov. 2, 2007, through and including the week ending Feb. 29, 2008, is available for free at http://researcharchives.com/t/s?25bc As adequate protection for the diminution in value or amount of the prepetition collateral, the prepetition lenders will be granted superpriority administrative expenses claims and replacement liens in the postpetition collateral. Pope & Talbot Inc. president and chief executive officer Harold N. Stanton clarifies that the cash collateral use will be subject to the prior written consent of the prepetition lenders as to amount and use. Any committee or party-in-interest may challenge the validity, priority, enforceability, amount or extent of the lenders' lien. Any committee appointed in the case or any other party-in- interest with requisite standing may commence an action until: (i) 60 days after the appointment by the U.S. Trustee of a statutory creditors' committee in the Debtors' cases; or (ii) 75 days after the entry of a final DIP order if no creditors' committee is appointed. Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other OTC: PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood products business. Pope & Talbot was founded in 1849 and produces market pulp and softwood lumber at mills in the US and Canada. Markets for the company's products include the US, United Kingdom, Canada, South America and the Pacific Rim. The company and its U.S. and Canadian subsidiaries applied for protection under the Companies' Creditors Arrangement Act of Canada on Oct. 28, 2007. The Debtors' initial CCAA Stay expires on Nov. 23, 2007. The company and fourteen of its debtor-affiliates filed for Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case No. 07-11738). Laura Davis Jones, Esq. at Pachulski Ziehl & Jones L.L.P. is Debtors' proposed bankruptcy counsel. When the Debtors filed for bankruptcy, they listed total assets of US$681,960,000 and total debts of US$601,090,000. The Debtors' exclusive period to file a plan expires on March 18, 2008. Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21, 2007, filed an application for relief under Belgian bankruptcy laws in the commercial court in Brussels. If the Belgian court grants Pope & Talbot Europe's application, it is expected it will be liquidated through the bankruptcy proceeding. (Pope & Talbot Bankruptcy News, Issue No. 5; Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/or 215/945-7000). QUEBECOR WORLD: To Suspend Dividends on Preferred Shares -------------------------------------------------------- Quebecor World Inc. is suspending dividend payments on its Series 3 and Series 5 Preferred Shares. While the company has the funds available to pay such dividends, it has been advised by counsel that as a result of recent developments, the company may be prevented from paying dividends to holders of its preferred shares because it may not satisfy the applicable capital adequacy test contained in the Canada Business Corporations Act. In order to rectify this situation, the company intends to propose to its shareholders at its next annual shareholders meeting scheduled for May 2008 a reduction of stated capital as permitted under the CBCA to allow the company to resume paying dividends, including accrued, unpaid dividends. The company notes that the dividends on the Series 3 and Series 5 preferred shares (including dividends that were to be paid on Dec. 1, 2007) are cumulative and holders will be entitled to receive unpaid dividends, when declared by the Board of Directors, at such time as the company is permitted to resume the payment of dividends. The company also disclosed that one of its directors, Robert Coallier has resigned from the Board of Directors for personal reasons which are unrelated to the announcement. Headquartered in Montreal, Quebec, Quebecor World Inc. (TSX: IQW)(NYSE:IQW), -- http://www.quebecorworldinc.com/-- provides market solutions, including marketing and advertising activities, well as print solutions to retailers, branded goods companies, catalogers and to publishers of magazines, books and other printed media. It has 127 printing and related facilities located in North America, Europe, Latin America and Asia. In the United States, it has 82 facilities in 30 states, and is engaged in the printing of books, magazines, directories, retail inserts, catalogs and direct mail. In Canada it has 17 facilities in five provinces, through which it offers a mix of printed products and related value-added services to the Canadian market and internationally. The company is an independent commercial printer in Europe with 19 facilities, operating in Austria, Belgium, Finland, France, Spain, Sweden, Switzerland and the United Kingdom. In March 2007, it sold its facility in Lille, France. Quebecor World (USA) Inc. is its wholly owned subsidiary. * * * As reported in yesterday's Troubled Company Reporter, Moody's Investors Service placed Quebecor World Inc.'s long term debt ratings on review for possible downgrade and downgraded the company's speculative grade liquidity rating to SGL-4 (indicating poor liquidity). The rating action responds to the company's Nov. 20 announcement that "adverse current financial market conditions" had caused it to withdraw "its refinancing plan involving an offer of approximately CDNUS$250 million of its equity shares, an offer on a private placement basis of an aggregate of US$500 million of new debt securities and amendments to the Company's secured credit facilities". Moody's also placed these ratings on review for possible downgrade: B3 Corporate Family Rating; Caa1 Senior Unsecured Regular Bond/Debenture; and B3 Probability of Default Rating, Placed. As reported in the Troubled Company Reporter on Nov. 22, 2007 Standard & Poor's Ratings Services has lowered its ratings on Quebecor World Inc. by one notch, including the long-term corporate credit rating to 'B-' from 'B'. ============= D E N M A R K ============= IKON OFFICE: Board Approves US$500 Mil. Common Stock Redemption --------------------------------------------------------------- IKON Office Solutions' board of directors has approved the repurchase of US$500 million of its common stock. IKON intends to repurchase up to US$295 million of its common stock through a modified "Dutch Auction" self-tender offer at a price of not less than US$13 per share or more than US$15 per share. The minimum tender price represents a premium of around 21% over IKON's closing stock price of US$10.77 on Nov. 19, 2007. The tender offer is expected to commence on Nov. 21, 2007, and will be subject to certain conditions, including the receipt of financing. The company plans to repurchase the difference between US$500 million and the amount repurchased through the tender offer during the balance of fiscal 2008. The rate and pace of these share repurchases will be subject to financing and market conditions, as well as applicable regulations. This statement follows an increase by IKON's board of directors of its share repurchase program authorization to US$1.1 billion in total. Since program inception and assuming completion of the US$500 million share repurchase plan, IKON will have repurchased nearly US$1 billion of its shares under its share repurchase program. The company plans to finance these share purchases through a combination of cash and incremental borrowings. IKON also has entered into an amended confidentiality agreement with Steel Partners II L.P., pursuant to which Steel Partners has agreed to refrain from taking certain actions with respect to its investment in IKON through May 2009, subject to completion of the pending repurchase plan. "We are returning immediate value to our shareholders through this tender offer," Matthew J. Espe, IKON's chairman and chief executive officer, said. "Our share repurchase program has been an integral part of our capital strategy for several years, and the decision to accelerate this program reflects our belief that our shares are currently undervalued. We are also pleased to announce our agreement with Steel Partners, who remains supportive of our ongoing repurchase strategy." The company plans to provide an update on the expected impact of the share repurchase plan, including any associated non- recurring charges, as well as related guidance for fiscal year 2008 during its earnings conference call in January 2008. The company does not expect the tender offer to have a material impact on its first quarter fiscal 2008 financial results, excluding any non-recurring charges it may incur. About Ikon Office Headquartered in Malvern, Pennsylvania, IKON Office Solutions Inc. (NYSE:IKN) -- http://www.ikon.com/-- is an independent channel for copier, printer and MFP technologies. It delivers integrated document management solutions and systems, enabling customers worldwide to improve document workflow and increase efficiency. IKON has approximately 25,000 employees in over 400 locations throughout North America and Western Europe. In Europe, IKON maintains operations in Spain, Denmark, Switzerland, United Kingdom, Sweden, The Netherlands, Italy, and Germany. * * * As reported in the Troubled Company Reporter on Nov. 23, 2007, Moody's Investors Service placed the ratings of IKON Office Solutions under review for possible downgrade. Ratings under review include: (i) corporate family rating of Ba2; (ii) probability of default rating of Ba2; (iii) senior unsecured US$14 million, notes due 2008 at Ba3, LGD 4, 64%; (iv) senior unsecured US$225 million, notes due 2015 at Ba3, LGD 4, 64%; (v) senior unsecured US$260 million notes due 2025 at Ba3, LGD 4, 64%; and (vi) senior unsecured US$95 million notes due 2027 at Ba3,LGD 4, 64%. Standard & Poor's Ratings Services placed its 'BB' corporate credit rating on IKON Office Solutions Inc. on CreditWatch with negative implications. ============= F I N L A N D ============= EXIDE TECH: Posts US$14.8 Mln Net Loss in Fiscal 2008 2nd Qtr. -------------------------------------------------------------- Exide Technologies reported its financial results for its fiscal 2008 second quarter, which ended Sept. 30, 2007. The company reported a net loss of US$14.8 million for the second quarter of fiscal 2008 as compared with a net loss of US$35.1 million in the second quarter of fiscal 2007. Included in the current period's net loss was a non-cash tax charge of US$16.7 million resulting from an adjustment to the company's net deferred tax asset in Germany to recognize the impact of a lower corporate tax rate. Foreign currency remeasurement gains in the current quarter aggregated US$9.6 million compared with a US$1.3 million remeasurement loss in the prior year period favorably impacting year-over-year pre-tax results by US$10.9 million. Operationally, gross profit aggregated US$130.3 million in the second quarter of fiscal 2008, an increase of US$24.9 million over the prior year comparable period. Increased gross profit resulted principally from higher pricing and continued improved manufacturing performance, partially offset by the rapid escalation of lead costs and recognition of an incremental US$4.5 million environmental remediation provision. Total selling, general, and administrative expenses for the second quarter of fiscal 2008 amounted to US$107.9 million compared with US$102.3 million in the fiscal 2007 second quarter. The fiscal 2008 second quarter costs were unfavorably impacted by the weaker U.S. dollar, but were also impacted by targeted incremental marketing spending. The net loss for the first half of fiscal 2008 was US$50.5 million and compared with a net loss of US$73.0 million in the comparable prior year period. In addition to the aforementioned tax charge in the second quarter of fiscal 2008, current year six month results were unfavorably impacted by the US$21.3 million loss on early debt extinguishment disclosed in the company's 10-Q for the first quarter of this fiscal year, associated with the company's lower cost refinancing effort. Liquidity and Capital Resources As of Sept. 30, 2007, the company had total liquidity of US$167.7 million consisting of cash and cash equivalents of US$91.6 million and availability under the company's revolving loan facility and other loan facilities of US$40.1 million and US$36.0 million. This compared to a total liquidity position of US$145.9 million at March 31, 2007, consisting of cash and cash equivalents of US$76.2 million and availability under the revolving loan facility and other credit facilities of US$59.3 million and US$10.4 million. At Sept. 30, 2007, the company's balance sheet showed total assets of US$2.39 billion, total liabilities of US$2.0 billion and total shareholders' equity of US$394.7 million. About Exide Technologies Headquartered in Princeton, New Jersey, Exide Technologies (NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and distributes lead acid batteries and other related electrical energy storage products. The company filed for chapter 11 protection on Apr. 14, 2002 (Bankr. Del. Case No. 02-11125). Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland & Ellis, represented the Debtors in their successful restructuring. The Court confirmed Exide's Amended Joint Chapter 11 Plan on April 20, 2004. The plan took effect on May 5, 2004. The company has operations in 89 countries, including, Australia, India, Finland, Poland, New Zealand, among others. * * * Moody's Investor Service placed Exide Technologies' senior secured debt and probability of default ratings at 'Caa1' in September 2006. The ratings still hold to date with a stable outlook. =========== F R A N C E =========== ALCATEL-LUCENT SA: Inks EUR750 Million Deal with Chinese Firms -------------------------------------------------------------- Alcatel-Lucent S.A. has formally signed a package of frame agreements with a combined value of up to EUR750 million for mobile communications solutions and services with China Mobile and China Unicom, leading Chinese mobile service providers. Part of these agreements was previously announced. They were secured through Alcatel-Lucent's flagship company in China, Alcatel Shanghai Bell, and French President Nicolas Sarkozy and Chinese President Hu Jintao took part in the formal signing ceremony held today in Beijing. The solutions Alcatel-Lucent is providing are enabling China Mobile and China Unicom to dramatically expand the capacity and coverage of their mobile networks so that they can continue to meet the robust demand for mobile services in China. Under the terms of the EUR600 million agreement with China Mobile, Alcatel-Lucent is providing end-to-end mobile solutions supporting China Mobile's extensive network expansion plans. The solution includes GSM/GPRS/EDGE radio and core networking equipment, mobile applications, IP routers and optical networking equipment. Alcatel-Lucent also is providing China Mobile with a TD-SCDMA solution being implemented in the operator's trial network and will support services such as Video Streaming, WAP and Personal Ring Back Tone. The agreement with China Unicom, valued at EUR150 million, encompasses a range of industry-leading, end-to-end solutions including CDMA networking equipment, GSM/GPRS radio and core networking equipment, mobile applications, IP routers, optical networking equipment and related services to support China Unicom's network deployment and expansion. In addition, the agreement includes the expansion and upgrade of China Unicom's third-generation (3G) CDMA1xEVDO, a high-speed data network in Macau. "China Mobile and Alcatel-Lucent have established a strong relationship through years of close cooperation," said Wang Jianzhou, President of China Mobile Communications Corporation. "Alcatel-Lucent's diverse portfolio and first-class service will enable us to deliver innovative and useful new services to our customers throughout China." "Alcatel-Lucent and China Unicom are in long-term cooperation partnership," said Chang Xiaobing, Chairman of China United Telecommunications Corporation. "I believe the agreement we signed today will facilitate our business successes." "We are delighted and proud that both China Mobile and China Unicom selected Alcatel-Lucent to play such a significant role in their network expansion projects and see it as a testament to the quality and innovation of our solutions," said Frederic Rose, President of Alcatel-Lucent's business in Europe, Middle East, Africa and Asiaand President of Alcatel Shanghai Bell. "Alcatel-Lucent has experienced a significant year in China with an increased market share in both fixed and mobile market sectors. We are committed to continue supporting our Chinese customers through our flagship company, Alcatel Shanghai Bell." These contracts further strengthen Alcatel-Lucent's position as one of the leading mobile communications suppliers in the Chinese market and follow similar agreements Alcatel-Lucent signed with both operators in May to support the expansion of the their respective mobile communications networks. About Alcatel-Lucent Headquartered in Paris, France, Alcatel-Lucent S.A. -- 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. Alcatel-Lucent maintains operations in 130 countries, including, Austria, Germany, Hungary, Italy, Netherlands, Ireland, Canada, United States, Costa Rica, Dominican Republic, El Salvador, Guatemala, Peru, Venezuela, Indonesia, Australia, Brunei and Cambodia. * * * As reported in the TCR-Europe Nov. 9, 2007, Moody's Investors Service downgraded to Ba3 from Ba2 the Corporate Family Rating of Alcatel-Lucent. The ratings for senior debt of the group were equally lowered to Ba3 from Ba2 and the trust preferred notes of Lucent Technologies Capital Trust I have been downgraded to B2 from B1. At the same time, Moody's affirmed its Not-Prime rating for short-term debt of Alcatel-Lucent. Moody's said the outlook for the ratings is stable. Alcatel-Lucent's Long-Term Corporate Credit rating and Senior Unsecured Debt carry Standard & Poor's Ratings Services' BB rating. Its Short-Term Corporate Credit rating stands at B. CHARLES JOURDAN: French Court to Name Buyer to November 29 ---------------------------------------------------------- The Commercial Court of Romans-sur-Isere in Drome, France, postponed a decision to name a buyer for Charles Jourdan SAS until Nov. 29, 2007, The Financial Times reports citing Les Echos as its source. According to Les Echos, potential buyers for Charles Jourdan includes French group Repetto and U.S. firm Omniscent. Headquartered in Romans Sur Isere, France, Charles Jourdan -- http://www.charles-jourdan.fr/-- manufactures luxury footwear. As previously reported in the TCR-Europe on Oct. 2, 2007, the court placed Charles Jourdan in compulsory administration on Sept. 12, 2007, after it filed for redressment judiciaire, the French equivalent of Chapter 11 bankruptcy protection, for the second time. The company first filed for bankruptcy on Aug. 22, 2005. Avendis and Finaluxe bought the company on Nov. 2, 2005. DOMAINE DE FAUGERAS: Files for Bankruptcy Protection ---------------------------------------------------- Domaine de Faugeras has filed for bankruptcy protection, the Financial Times reports citing Les Echos as its source. According to the report, the site and structure of the hotel have attracted interest from potential buyers. Headquartered in Limoges, France, Domaine de Faugeras -- http://www.domainedefaugeras.com/-- is a luxury four-star hotel restaurant. The company opened at the beginning of 2007. RHODIA SA: Moody's Holds Ba3 Rating on Strong Performance --------------------------------------------------------- Moody's Investors Service affirmed Rhodia S.A. Corporate Family Rating at Ba3. The outlook has been changed to Positive from Stable. Moody's affirmation of Rhodia's Corporate Family Rating reflects the continuous strength in the operating performance of the group underpinned by the improved business profile of the issuer. The affirmation also recognizes Rhodia's substantial improvement in profitability over the first nine months of fiscal year 2007 with a 210bps increase in reported recurring EBITDA margin to 15.7% despite adverse raw materials, energy costs and foreign exchange environment. The company's ability to pass increases in raw material prices to its customers through higher sales prices demonstrates the successful realignment of the group's portfolio and the strengthening of its market positions in selected core businesses. Finally Moody's highlights the company's focus on Free Cash Flow generation (EUR41 million FCF generated over nine months to Sept. 30, 2007) and on steady deleveraging of the balance sheet as supportive factors for the rating. However it is noted that debt metrics remain elevated for the rating category as Rhodia still carries sizeable pension liabilities, which accounted for approximately 30% of total adjusted debt in 2006. The change in the outlook from Stable to Positive assumes further improvement in the operating performance of the group supported by continued pricing power, supportive demand in key business areas and continuous earnings flow from the CER trading activities of the group, which have strongly contributed to the earnings of Rhodia over the nine months to Sept. 30, 2007. Rhodia has confirmed its targets to generate Free Cash Flow of more than EUR100 million for the fiscal year ending Dec. 31, 2007 during its third quarter results and Moody's expects the issuer to continue focusing on generating strong Free Cash Flow into fiscal year 2008 to further strengthen its financial profile. Rhodia has already made strong inroads in further improving its debt metrics by announcing that they will reach reported Net Debt/Recurring EBITDA target of below 2.0x at the end of fiscal year end 2007, i.e. one year ahead of schedule. The refinancing of the issuer's high-cost legacy notes is also expected to contribute to the improvement in Free Cash Flow generation beside the fact that the maturity profile of Rhodia's debt has been strengthened. Rhodia maintains a good liquidity position. Moody's expects the liquidity needs over the next twelve months consisting mainly of capex funding needs to be covered by operating cash flows. Moody's gains additional comfort from the company's available cash balances (EUR361 million reported at Sept. 30, 2007) as well as from the substantial headroom under the company's multi- year EUR600 million revolving credit facility and the absence of material short-term maturities within the next 12 months. These ratings of Rhodia S.A. were affirmed: -- Corporate Family Rating at Ba3; -- Probability of Default Rating at Ba3; -- Rhodia S.A. Senior Unsecured rating at B1, LGD4 (69%); -- Rhodia S.A. Senior convertible notes rating at B1, LGD4 (69%). Rhodia S.A., headquartered in Paris, France, is a diversified specialty chemicals group with leading market positions in most of its business applications. Rhodia reported revenues of EUR3.81 billion and a recurring EBITDA of EUR600 million for the first nine months to Sept. 30, 2007. ============= G E R M A N Y ============= A-SOCKS GMBH: Claims Registration Period Ends December 7 -------------------------------------------------------- Creditors of A-Socks GmbH have until Dec. 7 to register their claims with court-appointed insolvency manager Hans Raab. Creditors and other interested parties are encouraged to attend the meeting at 9:30 a.m. on Jan. 18, 2008, 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 Ansbach Meeting Room 1 Ground Floor Promenade 8 91522 Ansbach 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: Hans Raab Marktstr. 1 91448 Emskirchen Germany Tel: 09104 829418 Fax: 09104 829 441 The District Court of Ansbach opened bankruptcy proceedings against A-Socks GmbH on Nov. 8. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: A-Socks GmbH Ludwig-Erhard-Strasse 3 91639 Wolframs-Eschenbach Germany AL & FA: Claims Registration Ends January 6, 2008 ------------------------------------------------- Creditors of AL & FA GmbH have until Jan. 6, 2008, to register their claims with court-appointed insolvency manager Hartmut Mitze. Creditors and other interested parties are encouraged to attend the meeting at 11:00 a.m. on Feb. 6, 2008, 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 Marburg/Lahn Hall 157 Universitatsstrasse 48 35037 Marburg/Lahn 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: Hartmut Mitze Jahnstrasse 18 35066 Frankenberg Germany Tel: 06451/71919-22 Fax: 06451/7191921 The District Court of Marburg/Lahn opened bankruptcy proceedings against AL & FA GmbH on Nov. 6. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: AL & FA GmbH Attn: Fatih Ardic and Ali Serin, Managers Dresdener Strasse 36 35260 Stadtallendorf Germany AONE VERWALTUNG: Claims Registration Period Ends December 7 ----------------------------------------------------------- Creditors of AONE Verwaltung GmbH have until Dec. 7 to register their claims with court-appointed insolvency manager Karsten Toetter. Creditors and other interested parties are encouraged to attend the meeting at 11:00 a.m. on Jan. 7, 2008, 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: Karsten Toetter Speersort 4/6 20095 Hamburg Germany The District Court of Hamburg opened bankruptcy proceedings against AONE Verwaltung GmbH on Nov. 7. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: AONE Verwaltung GmbH Attn: Thorsten Rene Naggatis, Manager Steindamm 39 20099 Hamburg Germany AUTOVERLEIH LEUTE: Claims Registration Ends January 12, 2008 ------------------------------------------------------------ Creditors of Autoverleih Leute GmbH have until Jan. 12, 2008 to register their claims with court-appointed insolvency manager Thomas Steger. Creditors and other interested parties are encouraged to attend the meeting at 10:00 a.m. on Jan. 25, 2008, 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 Bad Neuenahr-Ahrweiler Hall 4 Wilhelmstrasse 55-57 53474 Bad Neuenahr-Ahrweiler 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: Thomas Steger Koelnstr. 135 53757 St. Augustin Germany Tel: 02241-90600 Fax: 02241-906090 E-mail: kanzlei@kalker-fahnster.de The District Court of Bad Neuenahr-Ahrweiler opened bankruptcy proceedings against Autoverleih Leute GmbH on Oct. 17. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Autoverleih Leute GmbH Rheinallee 8 53489 Sinzig Germany Attn: Sabine Leute, Manager Linzer Str. 11 53489 Sinzig Germany B + M MALERMEISTERBETRIEB: Claims Filing Ends January 14, 2008 -------------------------------------------------------------- Creditors of B + M Malermeisterbetrieb GmbH have until Jan. 14, 2008, to register their claims with court-appointed insolvency manager Dirk Oelbermann. Creditors and other interested parties are encouraged to attend the meeting at 11:00 a.m. on Feb. 7, 2008, 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 Syke Hall 112 Hauptstr. 5A 28857 Syke 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 Oelbermann Ostertorsteinweg 74/75 28203 Bremen Germany Tel: (0421)792 57-0 Fax: (0421)792 57-57 The District Court of Syke opened bankruptcy proceedings against B + M Malermeisterbetrieb GmbH on Nov. 2. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: B + M Malermeisterbetrieb GmbH Hauptstrasse 83A 49448 Lemfoerde-Marl Germany BACK BOY: Claims Registration Ends January 3, 2008 -------------------------------------------------- Creditors of BACK BOY GmbH & Co. KG have until Jan. 3, 2008, to register their claims with court-appointed insolvency manager Heinrich C. Friedhoff. Creditors and other interested parties are encouraged to attend the meeting at 10:20 a.m. on Jan. 30, 2008, 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 Cologne 12th Floor Room 1240 Luxemburger Str. 101 50939 Cologne 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: Heinrich C. Friedhoff Bismarckstr. 27-29 50762 Cologne Germany Tel: 0221-952751-17 Fax: 0221-952751-16 The District Court of Cologne opened bankruptcy proceedings against BACK BOY GmbH & Co. KG on Nov. 1. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: BACK BOY GmbH & Co. KG Attn: Jan Lawrenz, Manager Ernst-Heinrich-Geist-Str. 26 - 28 50226 Frechen Germany BHB - HOLZ: Creditors' Meeting Slated for November 27 ----------------------------------------------------- The court-appointed insolvency manager for BHB - Holz GmbH, Hartwig Albers, will present his first report on the Company's insolvency proceedings at a creditors' meeting at 9:15 a.m. on Nov. 27. The meeting of creditors and other interested parties will be held at: The District Court of Charlottenburg Hall 218 Second Floor Amtsgerichtsplatz 1 14057 Berlin Germany The Court will also verify the claims set out in the insolvency manager's report at 9:50 a.m. on March 11, 2008, at the same venue. Creditors have until Jan. 20, 2008 to register their claims with the court-appointed insolvency manager. The insolvency manager can be reached at: Hartwig Albers Luetzowstr. 100 10785 Berlin Germany The District Court of Charlottenburg opened bankruptcy proceedings against BHB - Holz GmbH on Oct. 23. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: BHB - Holz GmbH Eginhardstr. 22 10318 Berlin Germany BRILLENBOUTIQUE WERNER: Claims Registration Period Ends Dec. 21 --------------------------------------------------------------- Creditors of Brillenboutique Werner Goepel GmbH have until Dec. 21 to register their claims with court-appointed insolvency manager Ruediger Stoll. Creditors and other interested parties are encouraged to attend the meeting at 9:00 a.m. on Jan. 30, 2008, 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 Bonn Hall W 1.28 William-Strasse 23 53111 Bonn 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: Ruediger Stoll Sankt Augustiner Strasse 94 a 53225 Bonn Germany Tel: 0228/ 400 94-160 Fax: 40 09 479 The District Court of Bonn opened bankruptcy proceedings against Brillenboutique Werner Goepel GmbH on Nov. 1. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Brillenboutique Werner Goepel GmbH Bonngasse 27 53111 Bonn Germany Attn: Holger Dirk Goepel, Manager Celsiusstr. 13 53125 Bonn Germany BTP BANTER: Claims Registration Period Ends December 10 ------------------------------------------------------- Creditors of BTP Banter See Projektgesellschaft mbH have until Dec. 10 to register their claims with court-appointed insolvency manager Dr. Christoph Niering. Creditors and other interested parties are encouraged to attend the meeting at 10:45 a.m. on Jan. 16, 2008, 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 Cologne Meeting Hall 142 First Floor Luxemburger Strasse 101 50939 Cologne 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. Christoph Niering Brabanter Str. 2 50674 Koeln Germany Tel: 99 22 30-0 Fax: +4922199223035 The District Court of Cologne opened bankruptcy proceedings against BTP Banter See Projektgesellschaft mbH on Nov. 8. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: BTP Banter See Projektgesellschaft mbH Attn: Dieter Kolb, Manager Lindenallee 43 50968 Koeln Germany CHARTER-TRUCK SPEDITION: Claims Registration Ends Jan. 9, 2008 -------------------------------------------------------------- Creditors of CHARTER-TRUCK Spedition GmbH have until Jan. 9, 2008, to register their claims with court-appointed insolvency manager Dr. Achim Ahrendt. Creditors and other interested parties are encouraged to attend the meeting at 9:10 a.m. on Feb. 6, 2008, 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. Achim Ahrendt Albert-Einstein-Ring 11/15 22761 Hamburg Germany The District Court of Hamburg opened bankruptcy proceedings against CHARTER-TRUCK Spedition GmbH on Nov. 8. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: CHARTER-TRUCK Spedition GmbH Attn: Joerg Hilker, Manager Flagentwiet 21 22457 Hamburg Germany CS COMPUTER: Claims Registration Ends January 4, 2008 ----------------------------------------------------- Creditors of CS Computer GmbH have until Jan. 4, 2008, to register their claims with court-appointed insolvency manager Andreas Pantlen. Creditors and other interested parties are encouraged to attend the meeting on Feb. 4, 2008, 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: Andreas Pantlen Fliethstrasse 112 41061 Moenchengladbach Tel: 02161 / 2470646 Fax: 02161 / 2470647 The District Court of Moenchengladbach opened bankruptcy proceedings against CS Computer GmbH on Nov. 5. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: CS Computer GmbH Sophienstrasse 37 a 41065 Moenchengladbach Germany Attn: Dirk Noeller, Manager Brucknerallee 59 41236 Moenchengladbach Germany DES ONLINEAUSKUNFT: Creditors' Meeting Slated for December 6 ------------------------------------------------------------ The court-appointed insolvency manager for DES onlineauskunft Marketinggesellschaft mbH, Dr. Joachim Heitsch will present his first report on the Company's insolvency proceedings at a creditors' meeting at 10:25 a.m. on Dec. 6. The meeting of creditors and other interested parties will be held at: The District Court of Charlottenburg Hall 218 Second Floor Amtsgerichtsplatz 1 14057 Berlin Germany The Court will also verify the claims set out in the insolvency manager's report at 10:00 a.m. on March 13, 2008, at the same venue. Creditors have until Jan. 17, 2008, to register their claims with the court-appointed insolvency manager. The insolvency manager can be reached at: Dr. Joachim Heitsch Berliner Str. 117 10713 Berlin Germany The District Court of Charlottenburg opened bankruptcy proceedings against DES onlineauskunft Marketinggesellschaft mbH on Oct. 18. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: DES onlineauskunft Marketinggesellschaft mbH Kochstr. 22 10969 Berlin Germany ERDL DRUCK: Claims Registration Period Ends Dec. 31 --------------------------------------------------- Creditors of Erdl Druck Medien GmbH & Co. KG have until Dec. 31 to register their claims with court-appointed insolvency manager Severin Kiesl. Creditors and other interested parties are encouraged to attend the meeting at 1:00 p.m. on Jan. 22, 2008, 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 Traunstein Meeting Hall C 001 Herzog-Otto-Str. 1 83278 Traunstein 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: Severin Kiesl Stollstr. 5 83022 Rosenheim Germany Tel: 08031/380960 Fax: 08031/13892 The District Court of Traunstein opened bankruptcy proceedings against Erdl Druck Medien GmbH & Co. KG on Nov. 1. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Erdl Druck Medien GmbH & Co. KG Gabelsbergerstr. 4-6 83308 Trostberg Germany GENIUSMECHANICS SOFTWARE: Claims Registration Period Ends Dec. 4 ---------------------------------------------------------------- Creditors of GeniusMechaniCS software technologies GmbH have until Dec. 4 to register their claims with court-appointed insolvency manager Joachim Exner. Creditors and other interested parties are encouraged to attend the meeting at 9:00 a.m. on Jan. 15, 2008, 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 Weiden Law Court Room 219 Ledererstrasse Nr. 9 Weiden 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: Joachim Exner Stahlstr. 17 90411 Nuernberg Germany Tel: 0911/951285-0 The District Court of Weiden opened bankruptcy proceedings against GeniusMechaniCS software technologies GmbH on Nov. 13. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: GeniusMechaniCS software technologies GmbH Attn: Benker Matthias und Dr. Lastowski Waldemar, Managers Marktredwitzer Str. 1 95701 Pechbrunn Germany H. + G. SCHEDING: Claims Registration Period Ends Dec. 31 --------------------------------------------------------- Creditors of H. + G. Scheding GmbH have until Dec. 31 to register their claims with court-appointed insolvency manager Hans-Peter Burghardt. Creditors and other interested parties are encouraged to attend the meeting at 9:30 a.m. on Jan. 21, 2008, 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 Bielefeld Hall 4065 Fourth Floor Gerichtstrasse 66 33602 Bielefeld 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: Hans-Peter Burghardt Bunsenstr. 3 32052 Herford Germany The District Court of Bielefeld opened bankruptcy proceedings against H. + G. Scheding GmbH on Nov. 5. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: H. + G. Scheding GmbH Loehner Str. 196 32609 Huellhorst Germany HEINZ KUECKELMANN: Claims Registration Period Ends December 5 ------------------------------------------------------------- Creditors of Heinz Kueckelmann Immobilien GmbH & Co. KG have until Dec. 5 to register their claims with court-appointed insolvency manager Wolfgang Lorisch. Creditors and other interested parties are encouraged to attend the meeting at 8:30 a.m. on Jan. 29, 2008, 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 Bochum Hall A29 Ground Floor Main Building Viktoriastrasse 14 44787 Bochum 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: Wolfgang Lorisch Kurt-Schumacher-Strasse 48 45699 Herten Germany The District Court of Bochum opened bankruptcy proceedings against Heinz Kueckelmann Immobilien GmbH & Co. KG on Nov. 5. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Heinz Kueckelmann Immobilien GmbH & Co. KG Attn: Heinz Kueckelmann, Manager Spitzwegstr. 14 45659 Recklinghausen Germany HOHNRATH PRINT: Claims Registration Period Ends Jan. 16, 2008 ------------------------------------------------------------- Creditors of Hohnrath Print und Medien GmbH & Co. KG i.L. have until Jan. 16, 2008, to register their claims with court- appointed insolvency manager Dr. Wolf-R. von der Fecht. Creditors and other interested parties are encouraged to attend the meeting at 9:01 a.m. on Jan. 18, 2008, 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 Krefeld Meeting Hall H 131 First Floor Nordwall 131 47798 Krefeld 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. Wolf-R. von der Fecht Rheinort 1 40213 Duesseldorf Germany Tel: 0211 13940 Fax: +4902111394251 The District Court of Krefeld opened bankruptcy proceedings against Hohnrath Print und Medien GmbH & Co. KG i.L. on Oct. 16. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Hohnrath Print und Medien GmbH & Co. KG i.L. Attn: Sabine Hohnrath, Manager Menzelstr. 1 41564 Kaarst Germany KASTNER & CALLWEY: Claims Registration Ends January 2, 2008 ----------------------------------------------------------- Creditors of Kastner & Callwey Druck GmbH have until Jan. 2, 2008, to register their claims with court-appointed insolvency manager Dr. Michael Jaffe. Creditors and other interested parties are encouraged to attend the meeting at 9:00 a.m. on Jan. 31, 2008, 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: Dr. Michael Jaffe Franz-Joseph-Str. 8 80801 Munich Germany Tel: 089/255487-00 Fax: 255487-10 The District Court of Munich opened bankruptcy proceedings against Kastner & Callwey Druck GmbH on Nov. 1. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Kastner & Callwey Druck GmbH Attn: Thomas Nusser and Erich Thomanek, Managers Jahnstr. 5 85646 Forstinning Germany MAAT PROJEKTENTWICKLUNGSGESELLSCHAFT: Claims Filing Ends Dec. 6 --------------------------------------------------------------- Creditors of MAAT Projektentwicklungsgesellschaft mbH have until Dec. 6 to register their claims with court-appointed insolvency manager Eike Edo Happe. Creditors and other interested parties are encouraged to attend the meeting at 9:30 a.m. on Jan. 17, 2008, 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 reached at: Dr. Eike Edo Happe Stresemannallee 30 60596 Frankfurt (Main) Germany Tel: 069/74748980 Fax: 069/747489810 Web site: http://www.rae-eckert.de/ The District Court of Frankfurt (Main) opened bankruptcy proceedings against MAAT Projektentwicklungsgesellschaft mbH on Nov. 7. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: MAAT Projektentwicklungsgesellschaft mbH Loeherstrasse 2 60594 Frankfurt (Main) Germany NAUTINTEC CATAMARANS: Claims Registration Ends January 4, 2008 -------------------------------------------------------------- Creditors of NautinTec Catamarans GmbH have until Jan. 4, 2008, to register their claims with court-appointed insolvency manager Peter-Alexander Borchardt. Creditors and other interested parties are encouraged to attend the meeting at 9:00 a.m. on Feb. 4, 2008, 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: Peter-Alexander Borchardt Deichstrasse 1 20459 Hamburg Germany The District Court of Hamburg opened bankruptcy proceedings against NautinTec Catamarans GmbH on Nov. 7. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: NautinTec Catamarans GmbH Attn: Marc Schulz, Manager Borstelmannsweg 145 20537 Hamburg Germany O & M VERTRIEBS: Claims Registration Period Ends Dec. 28 -------------------------------------------------------- Creditors of O & M Vertriebs GmbH & Co. KG have until Dec. 28 to register their claims with court-appointed insolvency manager Jochen Wagner. Creditors and other interested parties are encouraged to attend the meeting at 9:10 a.m. on Jan. 22, 2008, 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: Jochen Wagner Leonrodstr. 69 80636 Munich Germany Tel: 309050980 Fax: 3090509810 The District Court of Munich opened bankruptcy proceedings against O & M Vertriebs GmbH & Co. KG on Nov. 6. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: O & M Vertriebs GmbH & Co. KG Schleissheimer Str. 267 80809 Munich Germany OMELUR GMBH: Claims Registration Period Ends November 28 -------------------------------------------------------- Creditors of OMELUR GmbH have until Nov. 28 to register their claims with court-appointed insolvency manager Joerg Spies. Creditors and other interested parties are encouraged to attend the meeting at 9:15 a.m. on Jan. 2, 2008, 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 Dresden Hall D131 Olbrichtplatz 1 01099 Dresden 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: Joerg Spies Glashuetter Strasse 104 01277 Dresden Germany Web site: http://www.pkl.com/ The District Court of Dresden opened bankruptcy proceedings against OMELUR GmbH on Nov. 7. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: OMELUR GmbH Attn: Horst Stuebner, Manager Toepferstrasse 15 02625 Bautzen Germany PAHL EDELSTAHL: Claims Registration Ends January 3, 2008 -------------------------------------------------------- Creditors of Pahl Edelstahl-Schornsteintechnik GmbH have until Jan. 3, 2008, to register their claims with court-appointed insolvency manager Dr. jur. Rainer Eckert. Creditors and other interested parties are encouraged to attend the meeting at 9:10 a.m. on Jan. 30, 2008, 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 Hannover Hall 226 Second Upper Floor Service Bldg. Hamburger Allee 26 30161 Hannover 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. Rainer Eckert Arthur-Menge-Ufer 5 30169 Hannover Germany Tel: 0511 626287-0 Fax: 0511 626287-10 The District Court of Hannover opened bankruptcy proceedings against Pahl Edelstahl-Schornsteintechnik GmbH on Nov. 8. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Pahl Edelstahl-Schornsteintechnik GmbH Attn: Barbara Pahl, Manager Grosse Duewelstr. 8-10 30171 Hannover Germany PM TRADE: Claims Registration Ends January 4, 2008 -------------------------------------------------- Creditors of PM TRADE GMBH have until Jan. 4, 2008, to register their claims with court-appointed insolvency manager Christoph Munz. Creditors and other interested parties are encouraged to attend the meeting at 11:15 a.m. on Jan. 23, 2008, 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 24 Fuerstenstrasse 21-23 09130 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: Dr. Christoph Munz Adelsbergstrasse 4 09126 Chemnitz Germany Tel:(0371) 51 59 08 Fax:(0371) 51 49 35 E-mail: chemnitz@munz-anwaelte.de The District Court of Chemnitz opened bankruptcy proceedings against PM TRADE GMBH on Nov. 6. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: PM TRADE GMBH Attn: Mario Schroeder, Manager Erzstr. 19 09618 Brand-Erbisdorf Germany REMI INNENPUTZ: Claims Registration Period Ends December 27 ----------------------------------------------------------- Creditors of REMI Innenputz GmbH have until Dec. 27 to register their claims with court-appointed insolvency manager Heiko Fialski. Creditors and other interested parties are encouraged to attend the meeting at 10:40 a.m. on Jan. 21, 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: Heiko Fialski Raboisen 38 20095 Hamburg Germany The District Court of Hamburg opened bankruptcy proceedings against REMI Innenputz GmbH on Nov. 9. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: REMI Innenputz GmbH Attn: Renato Milos und Ivica Arambasi, Managers Sandkamp 23a 22111 Hamburg Germany SECURITY UND SERVICE: Claims Registration Ends January 10, 2008 --------------------------------------------------------------- Creditors of Gesellschaft fuer Security und Service GmbH have until Jan. 10, 2008, to register their claims with court- appointed insolvency manager Christian Feketija. Creditors and other interested parties are encouraged to attend the meeting at 9:30 a.m. on Feb. 11, 2008, 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 reached at: Christian Feketija Letzter Hasenpfad 61 60598 Frankfurt am Main Germany Tel: 069/60625786 Fax: 069/60625788 The District Court of Frankfurt am Main opened bankruptcy proceedings against Gesellschaft fuer Security und Service GmbH on Nov. 8. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: Gesellschaft fuer Security und Service GmbH Attn: Andreas Stumpf, Manager Mainzer Landstrasse 351 60326 Frankfurt am Main Germany TERE NORDISCHE: Creditors' Meeting Slated for December 14 --------------------------------------------------------- The court-appointed insolvency manager for TERE Nordische Holzhaus GmbH, Rolf Nacke will present his first report on the Company's insolvency proceedings at a creditors' meeting at 8:35 a.m. on Dec. 14. The meeting of creditors and other interested parties will be held at: The District Court of Charlottenburg Hall 218 Second Floor 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 March 14, 2008, at the same venue. Creditors have until Jan. 14, 2008 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 TERE Nordische Holzhaus GmbH on Nov. 1. Consequently, all pending proceedings against the company have been automatically stayed. The Debtor can be reached at: TERE Nordische Holzhaus GmbH Eichborndamm 93 13403 Berlin Germany W. MOELLER: Claims Registration Period Ends December 17 ------------------------------------------------------- Creditors of W. Moeller Gesellschaft fuer Tankstellenbau Strassen- und Tiefbau mbH have until Dec. 17 to register their claims with court-appointed insolvency manager Siegfried Mueller. Creditors and other interested parties are encouraged to attend the meeting at 10:30 a.m. on Jan. 17, 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 Cologne Meeting Hall 14 Luxemburger Strasse 101 50939 Cologne 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: Siegfried Mueller Koelner Strasse 67 50226 Frechen Germany The District Court of Cologne opened bankruptcy proceedings against W. Moeller Gesellschaft fuer Tankstellenbau Strassen- und Tiefbau mbH on Nov. 1. Consequently, all pending procee