TCR_Public/050702.mbx        T R O U B L E D   C O M P A N Y   R E P O R T E R

           Saturday, July 2, 2005, Vol. 9, No. 155

                          Headlines

ADELPHIA COMMS: Posts $25 Million Net Loss in May 2005
ADELPHIA COMMS: Century/ML's May 2005 Monthly Operating Report
COMMERCE ONE: Posts $248,355 Net Loss in May 2005
FIRST VIRTUAL: Posts $238,032 Net Loss in April 2005
FIRST VIRTUAL: Posts $275,409 Net Loss in May 2005

FRESH CHOICE: Posts $395,246 Net Loss for Period Ended June 12
INTERSTATE BAKERIES: Posts $24 Million Net Loss in April 2005
MERIDIAN AUTOMOTIVE: Posts $4.7 Million Net Loss in May 2005
MIIX GROUP: Posts $367,178 Cumulative Net Loss in May 2005
NEWPOWER HOLDINGS: Files May 2005 Monthly Operating Report

ROBOTIC VISION: Posts $1 Million Net Loss in April 2005
SOUTHERN INVESTORS: Posts $32,581 Net Loss for May 2005
TRENWICK AMERICA: Earns $2.3 Million of Net Income in May 2005
TRINITY ENERGY: Posts $1,211 Net Loss in May 2005

                          *********

ADELPHIA COMMS: Posts $25 Million Net Loss in May 2005
------------------------------------------------------

             Adelphia Communications Corporation, et al.
                Unaudited Consolidated Balance Sheet
                        As of May 31, 2005
                       (Dollars in thousands)

                               ASSETS

Cash and cash equivalents                              $327,913
Restricted cash                                          25,508
Accounts receivables - net                              103,030
Other current assets                                    156,389
                                                    -----------
Total current assets                                    612,840

Restricted cash                                           3,062
Investments in equity affiliates                        225,650
Related party receivables                                19,829
Property, plant and equipment - net                   4,256,615
Intangible assets - net                               7,357,545
Other noncurrent assets - net                            91,440
                                                    -----------
Total Assets                                        $12,566,981
                                                    ===========

                LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable                                        $54,017
Subscriber advance payments and deposits                 30,973
Accrued and other liabilities                           578,586
Deferred revenue                                         28,816
Current portion of parent and subsidiary debt           710,107
                                                     ----------
Total current liabilities                             1,402,499

Other liabilities                                        33,032
Deferred revenue                                         72,033
Deferred income taxes                                   836,860
                                                     ----------
Total noncurrent liabilities                            941,925

Liabilities subject to compromise                    18,470,595
                                                     ----------
Total liabilities                                    20,815,019

Minority interests                                       87,508

Stockholders' equity:
    Series preferred stock                                  397
    Class A and Class B common stock                      2,548
    Additional paid-in capital                        9,567,026
    Accumulated other comprehensive loss                    801
    Accumulated deficit                             (17,108,427)
    Treasury stock, at cost                             (27,937)
                                                    -----------
Total                                                (7,565,592)

Amounts due from Rigas family entities                 (769,954)
                                                    -----------
Total stockholders' equity                           (8,335,546)
                                                    -----------
Total liabilities and stockholders' equity          $12,566,981
                                                    ===========

             Adelphia Communications Corporation, et al.
          Unaudited Consolidated Statements of Operations
                      Month Ended May 31, 2005
                       (Dollars in thousands)

Revenue                                                $350,285
Cost and expenses:
    Direct operating and programming                    207,152
    Selling, general and administrative                  30,427
    Investigation and re-audit fees                       7,069
    Depreciation and amortization                        79,436
    Impairment of long-lived and other assets                 -
    Gains on dispositions of long-lived assets              (58)
                                                    -----------
Operating income (loss)                                  26,259

Other income (expense):
    Interest expense                                    (45,842)
    Impairment of cost & available for sale investments       -
    Other income (expense) - net                            263
                                                    -----------
       Total other expense - net                        (45,579)
                                                    -----------
Loss from continuing operations before reorganization   (19,320)

Reorganization expenses due to bankruptcy                (6,332)
                                                    -----------
Loss from continuing operations before income taxes     (25,652)
Income tax (expense) benefit                                  -
Share of losses of equity affiliates - net                 (144)
Minority's interest in subsidiary losses - net              747
                                                    -----------
Net loss                                                (25,049)
Beneficial conversion feature                                 -
                                                    -----------
Net loss applicable to common stockholders             ($25,049)
                                                    ===========

             Adelphia Communications Corporation, et al.
           Unaudited Consolidated Statements of Cash Flows
                      Month Ended May 31, 2005
                       (Dollars in thousands)

Cash flows from operating activities:
    Net loss                                           ($25,049)
    Adjustments to reconcile net loss to net cash
    provided by (used in) operating activities:
       Depreciation and amortization                     79,436
       Gains on dispositions of long-lived assets           (58)
       Amortization of debt issuance costs                1,578
       Impairment of cost & available for sale investments    -
       Reorganization expenses due to bankruptcy          6,332
       Deferred tax expense (benefit)                         -
       Share in losses of equity affiliates - net           144
       Minority interest in losses of subsidiaries         (747)
       Depreciation, amortization and other non-cash
          items from discontinued operations                  -
       Change in operating assets & liabilities         (35,869)
                                                    -----------
Net cash provided by operating activities before
payment of reorganization expenses                       25,767

Reorganization expenses paid during the period           (1,484)
                                                    -----------
Net cash provided by (used in) operating activities      24,283

Cash flows from investing activities:
    Expenditures for property, plant and equipment      (65,105)
    Changes in restricted cash                             (145)
    Other                                               (16,949)
                                                    -----------
Net cash used in investing activities                   (82,199)

Cash flows from financing activities:
    Proceeds from debt                                   70,000
    Repayments of debt                                  (11,688)
    Payment of debt issuance costs                         (244)
                                                    -----------
Net cash provided by financing activities                58,068

Change in cash and cash equivalents cash                    152

Cash, beginning of period                               327,761
                                                    -----------
Cash, end of period                                    $327,913
                                                    ===========

Headquartered in Coudersport, Pennsylvania, Adelphia
Communications Corporation (OTC: ADELQ) is the fifth-largest cable
television company in the country.  Adelphia serves customers in
30 states and Puerto Rico, and offers analog and digital video
services, high-speed Internet access and other advanced services
over its broadband networks.  The Company and its more than 200
affiliates filed for Chapter 11 protection in the Southern
District of New York on June 25, 2002.  Those cases are jointly
administered under case number 02-41729.  Willkie Farr & Gallagher
represents the ACOM Debtors.  (Adelphia Bankruptcy News, Issue No.
98; Bankruptcy Creditors' Service, Inc., 215/945-7000)


ADELPHIA COMMS: Century/ML's May 2005 Monthly Operating Report
--------------------------------------------------------------

                      Century/ML Cable Venture
                       (Debtor-In-Possession)
                      Unaudited Balance Sheet
                         As of May 31, 2005
                       (Dollars in thousands)

                                ASSETS

Cash and cash equivalents                               $19,847
Subscriber receivables, net                                 355
Investment in Century-ML Corporation                    142,709
Related-party receivables                                   231
Other current assets                                        294
                                                       --------
Total current assets                                    163,436

Property, plant and equipment, net                        6,011
Intangible assets, net                                    1,528
                                                       --------
     Total assets                                      $170,975
                                                       ========

               LIABILITIES AND STOCKHOLDERS' EQUITY

Subscriber advance payments and deposits                    $91
Accrued expenses and other liabilities                    2,568
Intercompany payables                                     2,872
                                                       --------
Total current liabilities                                 5,531
                                                       --------

Long-term accrued and other liabilities
Deferred revenues                                           130
Deferred income taxes                                        45
                                                       --------
Total non-current liabilities                               175

Liabilities subject to compromise:
     Accrued expenses and other liabilities               1,261
     Intercompany payables                               10,696
                                                       --------
        Total liabilities subject to compromise          11,957
                                                       --------
        Total liabilities                                17,663
                                                       --------
Partners' equity:
     Partners' contributions                             56,800
     Partners' retained earnings                         96,512
                                                       --------
     Total partners' equity                             153,312
                                                       --------
     Total liabilities and partners' equity            $170,975
                                                       ========

                      Century-ML Cable Venture
                       (Debtor-In-Possession)
                 Unaudited Statement of Operations
                  For the Month Ended May 31, 2005
                       (Dollars in thousands)

Revenue                                                  $1,381

Cost and expenses:
     Direct operating and programming                       670
     Selling, general and administrative                     39
     Management fees                                         34
     Non-recurring professional fees                          -
     Depreciation                                            56
                                                       --------
     Operating income before reorganization
        expenses due to bankruptcy                          582

Reorganization expenses due to bankruptcy                    75
                                                       --------
Operating income                                            507
     Interest income, net                                    26
     Equity in net income of Century-ML Cable
        Corporation, net of taxes                         1,382
                                                       --------
Income before income taxes                                1,915
     Income tax expense                                    (264)
                                                       --------
Net income                                               $1,651
                                                       ========

                      Century-ML Cable Venture
                       (Debtor-In-Possession)
                 Unaudited Statement of Cash Flows
                  For the Month Ended May 31, 2005
                       (Dollars in thousands)

Cash flow from operating activities:
Net income                                               $1,651
     Adjustments to reconcile net income
         to net cash provided by (used in)
         operating activities:
     Depreciation                                            56
     Reorganization expenses due to bankruptcy               75
     Non-recurring professional fees                          -
     Equity in net income of Century-ML Cable
        Corp., net of taxes                              (1,382)
     Change in assets and liabilities:
        Subscriber receivables, net                         (96)
        Prepaid expenses and other assets, net              (15)
        Accounts payable                                      4
        Subscriber advance payments and deposits             (4)
        Accrued expenses and other liabilities              271
        Intercompany receivables and payables - net         130
                                                       --------
Net cash provided by operating activities                   690
                                                       --------
Cash flows from investing activities:
     Expenditures from property, plant and equipment        (48)
                                                       --------
Net cash used in investing activities                       (48)
                                                       --------
Change in cash and cash equivalents                         642
Cash and cash equivalents, beginning of period           19,205
                                                       --------
Cash and cash equivalents, end of period                $19,847
                                                       ========

Headquartered in Coudersport, Pennsylvania, Adelphia
Communications Corporation (OTC: ADELQ) is the fifth-largest cable
television company in the country.  Adelphia serves customers in
30 states and Puerto Rico, and offers analog and digital video
services, high-speed Internet access and other advanced services
over its broadband networks.  The Company and its more than 200
affiliates filed for Chapter 11 protection in the Southern
District of New York on June 25, 2002.  Those cases are jointly
administered under case number 02-41729.  Willkie Farr & Gallagher
represents the ACOM Debtors.  (Adelphia Bankruptcy News, Issue No.
98; Bankruptcy Creditors' Service, Inc., 215/945-7000)


COMMERCE ONE: Posts $248,355 Net Loss in May 2005  
-------------------------------------------------
On June 27, 2005, Commerce One, Inc. (n/k/a CO Liquidation, Inc.)
filed its monthly operating report for the month ending May 31,
2005, with the United States Bankruptcy Court for the Northern
District of California.

The Company posted a $248,355 net loss on zero sales for May 2005.

At May 31, 2005, Commerce One's balance sheet showed:

      Current Assets                $14,369,589
      Total Assets                   14,369,589
      Current Liabilities               603,125
      Total Liabilities               7,439,149
      Total Stockholder's Deficit     6,930,440

A full-text copy of Commerce One's May 2005 Monthly Operating
Report is available at no charge at:

            http://ResearchArchives.com/t/s?47

Headquartered in San Francisco, California, Commerce One, Inc.
(n/k/a CO Liquidation, Inc.) -- http://www.commerceone.com/--   
provides software services that enable businesses to conduct
commerce over the Internet.  Commerce One, Inc., and its wholly
owned subsidiary, Commerce One Operations, Inc., filed for chapter
11 protection on Oct. 6, 2004 (Bankr. N.D. Calif. Case Nos. 04-
32820 and 04-32821).  Doris A. Kaelin, Esq., and Lovee Sarenas,
Esq., at Murray and Murray, represent the Debtors in their
restructuring efforts.  When the Debtors filed for bankruptcy,
they listed $14,531,000 in total assets and $12,442,000 in total
debts.  As of December 2, 2004, Commerce One estimates that its
liabilities owed to creditors total approximately $9.7 million,
including approximately $5.1 million owed to ComVest.  The Company
expects that total liabilities will continue to increase over
time.


FIRST VIRTUAL: Posts $238,032 Net Loss in April 2005
----------------------------------------------------
On June 21, 2005, First Virtual Communications, Inc., and its
debtor-affiliate, CUseeMe Networks, Inc., filed their monthly
operating report for the month of April 2005 with the U.S.
Bankruptcy Court for the Northern District of California.

The Debtors reported a $238,032 net loss on zero net sales for
April 2005.  The Debtors also reported a cumulative net profit of
$4,600,775 on $1,984,925 of net sales from Jan. 20, 2005, through
April 30, 2005.

At April 30, 2005, First Virtual's consolidated balance sheet
showed:

      Total Current Assets                       $2,938,526
      Total Assets                                2,938,526  
      Current Liabilities                           501,110
      Total Liabilities                           2,573,383
      Shareholders' Equity                         $365,143   

A full-text copy of First Virtual's April 2005 Monthly Operating
Report is available at no charge at:

             http://researcharchives.com/t/s?3d

Headquartered in Redwood City, California, First Virtual
Communications, Inc. -- http://www.fvc.com/-- delivers integrated  
software technologies for rich media web conferencing and
collaboration solutions.  The Company and its affiliate - CUseeMe
Networks, Inc. -- filed for chapter 11 protection on Jan. 20, 2005
(Bankr. N.D. Calif. Case No. 05-30145).  Kurt E. Ramlo, Esq., at
Skadden, Arps, Slate, Meagher & Flom represents the Debtors in
their restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed $7,485,867 in total assets and
$13,567,985 in total debts.


FIRST VIRTUAL: Posts $275,409 Net Loss in May 2005
--------------------------------------------------
On June 26, 2005, First Virtual Communications, Inc., and its
debtor-affiliate, CUseeMe Networks, Inc., filed their monthly
operating report for the month of May 2005 with the U.S.
Bankruptcy Court for the Northern District of California.

The Debtors reported a $275,409 net loss on zero net sales for May
2005.  The Debtors also reported a cumulative net profit of
$4,325,366 on $1,984,925 of net sales from Jan. 20, 2005, through
May 31, 2005.

At May 31, 2005, First Virtual's consolidated balance sheet
showed:

      Total Current Assets                       $2,463,160
      Total Assets                                2,463,160
      Current Liabilities                           296,955
      Total Liabilities                           2,369,228
      Shareholders' Equity                           93,932     

A full-text copy of First Virtual's May 2005 Monthly Operating
Report is available at no charge at:

             http://researcharchives.com/t/s?3e

Headquartered in Redwood City, California, First Virtual
Communications, Inc. -- http://www.fvc.com/-- delivers integrated  
software technologies for rich media web conferencing and
collaboration solutions.  The Company and its affiliate - CUseeMe
Networks, Inc. -- filed for chapter 11 protection on Jan. 20, 2005
(Bankr. N.D. Calif. Case No. 05-30145).  Kurt E. Ramlo, Esq., at
Skadden, Arps, Slate, Meagher & Flom represents the Debtors in
their restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed $7,485,867 in total assets and
$13,567,985 in total debts.


FRESH CHOICE: Posts $395,246 Net Loss for Period Ended June 12
--------------------------------------------------------------
On June 28, 2005, Fresh Choice, Inc., filed its monthly operating
report for the four-week period ended June 12, 2005, with the
United States Bankruptcy Court for the Northern District of
California.

The Company reported a $395,246 net loss in $4,335,208 of total  
revenues for the four-week period ended June 12, 2005.

At June 12, 2005, Fresh Choice, Inc.'s balance sheet shows:

      Current Assets                         $3,494,921
      Total Assets                           17,745,243
      Current Liabilities                     6,619,851
      Total Prepetition Liabilities          10,983,569
      Total Liabilities                      19,161,008
      Total Stockholders' Equity Deficit    ($1,415,765)

A full-text copy of Fresh Choice, Inc.'s Monthly Operating Report
for the period ended June 12, 2005, is available at no charge at:

               http://researcharchives.com/t/s?40

Headquartered in Morgan Hill, California, Fresh Choice, Inc. --
http://www.freshchoice.com/-- owns and operates a chain of more   
than 40 salad bar eateries, mostly located in California.  The
company filed for chapter 11 protection on July 12, 2004 (Bankr.
N.D. Calif. Case No. 04-54318).  Debra I. Grassgreen, Esq., at
Pachulski, Stang, Ziehl, Young, Jones & Weintraub P.C. represents
the Debtor in its restructuring efforts.  When the Debtor filed
for protection from its creditors, it listed $29,651,000 in total
assets and $14,348,000 in total debts.


INTERSTATE BAKERIES: Posts $24 Million Net Loss in April 2005
-------------------------------------------------------------

          Interstate Bakeries Corporation and Subsidiaries
           Unaudited Consolidated Monthly Operating Report
                  Four Weeks Ended April 30, 2005

REVENUE

Gross Income                                       $264,988,539
Less Cost of Goods Sold
    Ingredients, Packaging, & Outside Purchasing     63,804,571
    Direct & Indirect Labor                          48,958,796
    Overhead & Production Administration             14,196,619
                                                   ------------
    Total Cost of Goods Sold                        126,959,986
                                                   ------------
       Gross Profit                                $138,028,553
                                                   ------------

OPERATING EXPENSES

Owner-Draws/Salaries                                          -
Selling & Delivery Employee Salaries                $63,245,502
Advertising and Marketing                             2,317,118
Insurance (Property, Casualty, & Medical)            14,401,372
Payroll Taxes                                         5,536,057
Lease and Rent                                        4,584,304
Telephone and Utilities                               1,411,032
Corporate Expense (Including Salaries)                7,500,000
Other Expenses                                       29,850,041
                                                   ------------
    Total Operating Expenses                       $128,845,425
                                                   ------------
EBITDA                                               $9,183,128

Restructuring & Reorganization Charges               35,727,966
Depreciation and Amortization                         6,861,508
Other Income                                            (27,514)
Gain/Loss Sale of Property                             (239,941)
Interest Expense                                      3,358,604
                                                   ------------
Operating Income (Loss)                             (36,497,495)
Income Tax Expense (Benefit)                        (12,377,456)
                                                   ------------
Net Income (Loss)                                  ($24,120,039)
                                                   ============

CURRENT ASSETS
    Accounts Receivable at end of period           $179,966,144
    Increase (Decrease) in Accounts Receivable       11,920,871
    Inventory at end of period                       72,420,090
    Increase (Decrease) in Inventory for period      (1,182,690)
    Cash at end of period                           121,593,424
    Increase (Decrease) in Cash for period            3,459,469

LIABILITIES
    Increase (Decrease) in Liabilities
       Not Subject to Compromise                     10,700,215
    Increase (Decrease) in Liabilities
       Subject to Compromise                            265,319
    Taxes payable:
       Federal Payroll Taxes                         14,292,767
       State/Local Payroll Taxes                      2,785,780
       State Sales Taxes                                749,871
       Real Estate and Personal Property Taxes       14,163,540
       Other                                          6,203,237
                                                   ------------
       Total Taxes Payable                          $38,195,195
                                                   ============

Headquartered in Kansas City, Missouri, Interstate Bakeries
Corporation is a wholesale baker and distributor of fresh baked
bread and sweet goods, under various national brand names,
including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R),
Merita(R) and Drake's(R).  The Company employs approximately
32,000 in 54 bakeries, more than 1,000 distribution centers and
1,200 thrift stores throughout the U.S.

The Company and seven of its debtor-affiliates filed for chapter
11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts.  When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6.0% senior subordinated convertible notes due August 15, 2014,
on August 12, 2004) in total debts.  (Interstate Bakeries
Bankruptcy News, Issue No. 22; Bankruptcy Creditors' Service,
Inc., 215/945-7000)


MERIDIAN AUTOMOTIVE: Posts $4.7 Million Net Loss in May 2005
------------------------------------------------------------

              Meridian Automotive Systems - Composite
                 Operations, Inc. and Subsidiaries
               Unaudited Consolidated Balance Sheets
                        As of May 31, 2005
                          (In Thousands)

CURRENT ASSETS:
   Cash                                                       -
   Accounts receivable, net                            $139,480
   Intercompany receivable                               15,402
   Inventories                                           72,698
   Tooling costs in excess of billings and others        32,048
                                                     ----------
      TOTAL CURRENT ASSETS                              259,628
                                                     ----------

   Property, plant and equipment, net                   232,070
   Intangible assets                                     15,657
   Investment in subsidiaries                            23,863
   Other assets,                                         20,999
                                                     ----------
      TOTAL ASSETS                                     $552,217
                                                     ==========

CURRENT LIABILITIES NOT SUBJECT TO COMPRISE:
   Current portion of long term debt                   $294,853
   Accounts payable                                      25,616
   Accrued expenses                                      40,745
   Tooling billings in excess of costs                    4,855
                                                     ----------
      TOTAL CURENT LIABILITIES                          366,069
                                                     ----------

   Liabilities subject to comprise                      435,631
   Non-Current Liabilities Not Subject to Compromise:
      Other long-term liabilities                        20,229
      Accumulated post-retirement benefit obligation     15,994
                                                     ----------
      TOTAL LIABILITIES                                 837,923
      STOCKHOLDERS' EQUITY                             (285,706)
                                                     ----------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT            $552,217
                                                     ==========

              Meridian Automotive Systems - Composite
                 Operations, Inc. and Subsidiaries
                 Unaudited Statement of Operations
                     April 26 to May 31, 2005
                          (In Thousands)

Net sales                                               $92,061
Cost of sales                                            83,218
                                                     ----------
Gross profit                                              8,843
Selling, general and administrative expenses              2,828
Restructuring charges                                     1,403
                                                     ----------
Operating income (loss)                                   4,612
Interest expense, net                                     6,174
Other income (expense)                                       12
Chapter 11 and related reorganization items               3,153
                                                     ----------
Loss before provision for income taxes                   (4,703)
Provision for income taxes                                   28
                                                     ----------
NET LOSS                                                ($4,731)
                                                     ==========

              Meridian Automotive Systems - Composite
                 Operations, Inc. and Subsidiaries
                 Unaudited Statement of Cash Flows
                       April 1 to 30, 2005
                          (In Thousands)

OPERATING ACTIVITIES:
   Net loss                                             ($4,731)
   Adjustments required to reconcile net loss to net
      cash provided by (used in) operating activities:
      Depreciation, amortization, and impairment          3,908
      Change in working capital and other operating
         items                                           (5,260)
                                                     ----------
      Net cash used for operating activities before
         reorganization items                            (6,083)
                                                     ----------
   Operating cash flows from reorganization items:
      Chapter 11 and related reorganization items         3,153
      Payments on Chapter 11 and related reorg items       (953)
                                                     ----------
      Net cash provided by Chapter 11 and related
         reorg items                                      2,200

      Net cash used for operating activities             (3,883)

INVESTING ACTIVITIES:
   Additions to property and equipment                   (3,445)
   Proceeds from sale or property and equipment              23
                                                     ----------
      Net cash used for investing activities             (3,422)
                                                     ----------

FINANCING ACTIVITIES:
   Proceeds from prepetition borrowings                       -
   Repayments of prepetition borrowings                       -
   Proceeds from DIP credit facility                     22,400
   Repayments of DIP credit facility                    (13,800)
   Repayments on prepetition long-term debt                   -
   Deferred financing costs capitalized                  (1,493)
                                                     ----------
      Net cash provided by financing activities           7,107
                                                     ----------
Net increase (decrease) in cash                            (198)
                                                     ----------
Cash and Cash Equivalents, beginning of period              198

Cash and Cash Equivalents, end of period                      -
                                                     ==========

Headquartered in Dearborn, Mich., Meridian Automotive Systems,
Inc. -- http://www.meridianautosystems.com/-- supplies  
technologically advanced front and rear end modules, lighting,
exterior composites, console modules, instrument panels and other
interior systems to automobile and truck manufacturers.  Meridian
operates 22 plants in the United States, Canada and Mexico,
supplying Original Equipment Manufacturers and major Tier One
parts suppliers.  The Company and its debtor-affiliates filed for
chapter 11 protection on April 26, 2005 (Bankr. D. Del. Case Nos.
05-11168 through 05-11176).  James F. Conlan, Esq., Larry J.
Nyhan, Esq., Paul S. Caruso, Esq., and Bojan Guzina, Esq., at
Sidley Austin Brown & Wood LLP, and Robert S. Brady, Esq., Edmon
L. Morton, Esq., Edward J. Kosmowski, Esq., and Ian S. Fredericks,
Esq., at Young Conaway Stargatt & Taylor, LLP, represent the
Debtors in their restructuring efforts.  When the Debtors filed
for protection from their creditors, they listed $530 million in
total assets and approximately $815 million in total liabilities.
(Meridian Bankruptcy News, Issue No. 9; Bankruptcy Creditors'
Service, Inc., 215/945-7000).


MIIX GROUP: Posts $367,178 Cumulative Net Loss in May 2005
----------------------------------------------------------
On June 24, 2005, The MIIX Group, Inc., and its debtor-affiliate,
New Jersey State Medical Underwriters, Inc., filed their monthly
operating reports for the period from May 1, 2005, to May 31,
2005, with the U.S. Bankruptcy Court for the District of Delaware.

MIIX Group reports a cumulative net loss of $367,178 on $8,293 of
total revenue for the period from Dec. 21, 2004 thru May 31, 2005.  
New Jersey State Medical Underwriters, Inc., reports a cumulative
net loss of $22,451 on $ 2,808,944 of total revenue for the period
from Dec. 21, 2004, thru May 31, 2005.

At May 31, 2005, The MIIX Group's and New Jersey State Medical
Underwriters, Inc.'s balance sheets reflect:

                                                     New Jersey
                                                  State Medical
                             The MIIX Group   Underwriters, Inc.
                             --------------   ------------------
   Total Assets                  $8,799,991          $14,259,089
   Total Liabilities              8,937,488            6,231,194
   Stockholders' Equity           ($137,497)          $8,027,895

A full-text copy of MIIX Group and New Jersey State Medical
Underwriters, Inc.'s monthly operating reports for the period from
May 1, 2005 to May 31, 2005, is available at no charge at:

             http://researcharchives.com/t/s?42

Headquartered in Lawrenceville, New Jersey, The MIIX Group, Inc. -
- http://www.miix.com/-- provides management services to medical  
malpractice insurance companies.  The Company along with its
debtor-affiliate filed for chapter 11 protection on Dec. 20, 2004
(Bankr. D. Del. Case No. 04-13588).  Andrew J. Flame, Esq., at
Drinker Biddle & Reath LLP represents the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they estimated assets between $10 million and $50
million and debts between $10 million and $50 million.


NEWPOWER HOLDINGS: Files May 2005 Monthly Operating Report
----------------------------------------------------------
On June 27, 2005, NewPower Holdings, Inc., filed its May 2005
Monthly Operating Report for the period from April 30, 2005, to
May 31, 2005, with the U.S. Bankruptcy Court for the Northern
District of Georgia, Newnan Division.  The company reports an
opening cash balance of $52,604,000 and a closing cash balance of
$52,461,000.

A full-text copy of NewPower Holdings, Inc.'s Monthly Operating
Report for the period from April 30, 2005, to May 31, 2005,is
available at no charge at:

            http://ResearchArchives.com/t/s?3f

NewPower Holdings, Inc., and its debtor-affiliates filed for
chapter 11 protection on June 11, 2002 (Bankr. N.D. Ga. 02-10836).
Paul K. Ferdinands, Esq., at King & Spalding and William M.
Goldman, Esq., at Sidley Austin Brown & Wood LLP represent the
Debtors.  When the Debtors filed for chapter 11 protection, they
reported $231,837,000 in assets and $87,936,000 in debts.

On Aug. 15, 2003, the United States Bankruptcy Court for the
Northern District of Georgia, Newnan Division, confirmed the
Second Amended Chapter 11 Plan with respect to NewPower Holdings,
Inc., and TNPC Holdings, Inc., a wholly owned subsidiary of the
Company.  On February 28, 2003, the Bankruptcy Court previously
confirmed the Plan, and the Plan has been effective as of
March 11, 2003, with respect to The New Power Company, a wholly
owned subsidiary of the Company.  The Plan became effective on
Oct. 9, 2003, with respect to the Company and TNPC.


ROBOTIC VISION: Posts $1 Million Net Loss in April 2005
-------------------------------------------------------
On June 23, 2005, Robotic Vision Systems, Inc., nka Acuity
Cimatrix, Inc., delivered a copy of its April 2005 monthly
operating report to the U.S. Securities and Exchange Commission.

Robotic Vision reported a $1,065,000 net loss on $1,449,000 of
gross revenues for the month ending April 30, 2005.

At April 30, 2005, Robotic Vision's balance sheet showed:

    Total Current Assets                       $6,493,000
    Total Assets                               29,116,000
    Total Liabilities Subject to Compromise    54,454,000
    Total Liabilities                          55,271,000
    Shareholders' Equity Deficit             ($26,155,000)

A full-text copy of Robotic Vision Systems, Inc.'s April 2005
Monthly Operating Report is available at no charge at:

               http://ResearchArchives.com/t/s?45

Headquartered in Nashua, New Hampshire, Robotic Vision Systems,
Inc., n/k/a Acuity Cimatrix, Inc. -- http://www.rvsi.com/--    
designs, manufactures and markets machine vision, automatic
identification and related products for the semiconductor capital
equipment, electronics, automotive, aerospace, pharmaceutical and
other industries.  The Company, together with its debtor-
affiliate, filed for chapter 11 protection on Nov. 19, 2004
(Bankr. D. N.H. Case No. 04-14151).  Bruce A. Harwood, Esq., at
Sheehan, Phinney, Bass + Green represents the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they listed $43,046,000 in total assets and
$51,338,000 in total debts.


SOUTHERN INVESTORS: Posts $32,581 Net Loss for May 2005
-------------------------------------------------------
On June 20, 2005, Southern Investors Service Company, Inc., filed
its monthly operating report for May 2005 with the U.S. Bankruptcy
Court for Southern District of Texas.

Southern Investors reports a net loss of $32,581 on $0 revenues
for the month of May 2005.

At May 31, 2005, Southern Investors' balance sheet reflects:

        Current Assets                     $2,729,033
        Total Assets                        2,729,033
        Post-Petition Liabilities              35,859
        Pre-Petition Liabilities            8,636,056
        Total Liabilities                   8,671,915   
        Total Owner's Equity Deficit      ($5,942,883)

A full-text copy of Southern Investors' monthly operating report
for the month of May 2005 is available at no charge at:

               http://ResearchArchives.com/t/s?46

Headquartered in Houston, Texas, Southern Investors Service
Company, Inc., manages residential developments and office
buildings that are owned by others.  The Company filed for
chapter 11 protection on April 8, 2005. (Bankr. S.D. Tx. Case No.
05-35538). Basil A. Umari, Esq. of Andrews & Kurth LLP, represents
the Debtors in their restructuring efforts.  When the Debtors
filed for protection from their creditors, they reported assets of
$2,377,000 and Debts totaling $8,607,000.


TRENWICK AMERICA: Earns $2.3 Million of Net Income in May 2005
--------------------------------------------------------------
On June 20, 2005, Trenwick America Corporation filed its monthly
operating report for the month ended May 31, 2005, and the period
from Aug. 20, 2003, to May 31, 2005, with the United States
Bankruptcy Court for the District of Delaware.

Trenwick posts a $2,323,067 net profit in May 2005, and a
cumulative $118,484,084 loss for the period from Aug. 20, 2003, to
May 31, 2005.

At May 31, 2005, Trenwick America's balance sheet showed:

      Total Current Assets         $55,431,489
      Total Assets                 188,474,371          
      Total Prepetition Debts      288,386,386          
      Total Liabilities            292,435,319
      Net Owner Equity Deficit   ($103,960,948)

A full-text copy of Trenwick America's May 2005 Monthly Operating
Report is available at no charge at

             http://researcharchives.com/t/s?41

Headquartered in Stamford, Connecticut, Trenwick America
Corporation is a holding company for operating insurance companies
in the United States.  The Company filed for chapter 11 protection
on August 20, 2003 (Bankr. Del. Case No. 03-12635).  Christopher
S. Sontchi, Esq., and William Pierce Bowden, Esq., at Ashby &
Geddes, and Benjamin Hoch, Esq., Irena Goldstein, Esq., Carey D.
Schreiber, Esq., at Dewey Ballantine LLP represent the Debtors in
their restructuring efforts.  As of June 30, 2003, the Debtor
listed approximate assets of $400,000,000 and debts of
$293,000,000.

On Aug. 20, 2003, Trenwick Group, Ltd., and LaSalle Re Holdings
Limited also filed insolvency proceedings in the Supreme Court of
Bermuda.  On Aug. 22, 2003, the Bermuda Court granted an order
appointing Michael Morrison and John Wardrop, partners of KPMG in
Bermuda and KPMG LLP in the United Kingdom, respectfully, as Joint
Provisional Liquidators in respect of TGL and LaSalle.

The Bermuda Court granted the JPLs the power to oversee the
continuation and reorganization of these companies' businesses
under the control of their boards of directors and under the
supervision of the U.S. Bankruptcy Court and the Bermuda Court.


TRINITY ENERGY: Posts $1,211 Net Loss in May 2005
-------------------------------------------------
On June 20, 2005, Trinity Energy Resources, Inc., filed its
monthly operating report for the month ended May 2005 with the
United States Bankruptcy Court for the Southern District of Texas,
Houston Division.

Trinity Energy reported a $1,211 net loss on $3,723 revenues for
the month from May 1, 2005, to May 31, 2005.

At May 31, 2005, Trinity Energy's balance sheet showed:

      Total Current Assets                   $545,242
      Total Assets                          1,370,564
      Total Liabilities                     1,777,343
      Total Owner's Equity Deficit          ($406,779)

A full-text copy of Trinity Energy's May 2005 monthly operating
report is available at no charge at:

             http://researcharchives.com/t/s?43

Headquartered in Houston, Texas, Trinity Energy Resources, Inc.,
develops and operates proven oil and gas reserves in the Rocky
Mountains, Texas, and Louisiana, with international interests in
the African Republic of Chad.  The Company filed for chapter 11
protection on Jan. 31, 2003 (Bankr. S.D. Tex. Case No. 03-31453).
John William Mahoney, Esq., at Williams Birnberg & Andersen
represents the Debtor in its restructuring efforts.  When the
Debtor filed for protection from its creditors, it listed
$1,009,626 in total assets and $1,619,031 in total debts as of
Sept. 30, 2002.  On April 23, 2003, the Bankruptcy Court appointed
Elizabeth M. Guffy as the Debtor's Chapter 11 Trustee.

                          *********

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 $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
Wednesday'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.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911. For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                          *********

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 is a daily newsletter co-published by  
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania,  
USA, and Beard Group, Inc., Frederick, Maryland USA. Yvonne L.  
Metzler, Emi Rose S.R. Parcon, Rizande B. Delos Santos, Jazel P.
Laureno, Cherry Soriano-Baaclo, Marjorie Sabijon, Terence Patrick
F. Casquejo, Jason A. Nieva, Christian Q. Salta, Lucilo Junior M.
Pinili and Peter A. Chapman, Editors.

Copyright 2005.  All rights reserved.  ISSN: 1520-9474.

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 subscription rate is $675 for 6 months 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
$25 each.  For subscription information, contact Christopher
Beard at 240/629-3300.

                    *** End of Transmission ***