/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/070317.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, March 17, 2007, Vol. 11, No. 65 Headlines ACCEPTANCE INSURANCE: Posts $15,640 Net Loss in February 2007 ADVANCED MARKETING: Files Schedules of Assets and Liabilities ALLIED HOLDINGS: Posts $7.1 Million Net Loss in January 2007 CITATION CORPORATION: Balance Sheet at October 2, 2005 ENTERGY NEW ORLEANS: Earns $3.5 Million in January 2007 INTERSTATE BAKERIES: Posts $12.1 Mil. Loss in Period Ended Jan. 13 PACIFIC LUMBER: Britt Lumber Files Schedules of Assets and Debts PACIFIC LUMBER: Salmon Creek Files Schedules of Assets and Debts PACIFIC LUMBER: Scotia Inn Files Schedules of Assets and Debts PACIFIC LUMBER: Scotia Pacific Files Schedules of Assets & Debts SONICBLUE INC: Files January 2007 Monthly Operating Report ********* ACCEPTANCE INSURANCE: Posts $15,640 Net Loss in February 2007 ------------------------------------------------------------- Acceptance Insurance Companies Inc. filed its monthly operating report for February 2007 with the United States Bankruptcy Court for the District of Nebraska on March 8, 2007. The Debtor reported a net loss of $15,640 from revenue of $6,966 for the month ended Feb. 28, 2007. Net loss for the month ended Jan. 31, 2007, was $22,357 on $8,408 of revenues. At Feb. 28, 2007, Acceptance Insurance Companies Inc.'s balance sheet showed: Total Current Assets $1,804,453 Total Assets $35,040,498 Total Liabilities $138,194,281 Total Shareholders' Deficit ($103,153,783) A full-text copy of Acceptance Insurance Companies Inc.'s February 2007 Monthly Operating Report is available at no charge at: http://researcharchives.com/t/s?1b87 Headquartered in Council Bluffs, Iowa, Acceptance Insurance Companies Inc. -- http://www.aicins.com/-- owns, either directly or indirectly, several companies, one of which is an insurance company that accounts for substantially all of the business operations and assets of the corporate groups. The company filed for chapter 11 protection on Jan. 7, 2005 (Bankr. D. Nebr. Case No. 05-80059). The Debtor's affiliates -- Acceptance Insurance Services Inc. and American Agrisurance Inc. -- filed separate chapter 7 petitions (Bankr. D. Nebr. Case Nos. 05-80056 and 05-80058) on Jan. 7, 2005. John J. Jolley, Esq., at Kutak Rock LLP, represents the Debtor in its restructuring efforts. When the Debtor filed for protection from its creditors, it listed $33,069,446 in total assets and $137,120,541 in total debts. ADVANCED MARKETING: Files Schedules of Assets and Liabilities ------------------------------------------------------------- A. Real Property $0 B. Personal Property B.1 Cash on Hand 235 B.2 Bank Accounts Cash in Bank - Main 13,810,749 Cash in Bank - Indy 12,389 Cash in Bank - Norcal 8,356 Cash in Bank - Baltimore 5,639 Cash in Bank - Credit Card Account (415) Cash in Bank - Payroll (83,442) Restricted Cash - Class Action Escrow 6,937,010 B.3 Security Deposits Deposits - Misc 23,451 Deposits - Rent/Utilities 65,907 B.4 Household goods 0 B.5 Book, art work & collectibles 0 B.6 Wearing apparel 0 B.7 Furs and jewelry 0 B.8 Firearms and sporting goods 0 B.9 Interests in Insurance Policies 0 B.10 Annuities 0 B.11 Interests in education IRA 0 B.12 Interests in retirement plans 0 B.13 Stock and Interests unknown B.14 Interests in joint ventures 0 B.15 Government & corporate bonds 0 B.16 Accounts receivable Accounts Receivable, net of reserve 71,665,801 Accounts Receivable - Consignment 559,969 Accounts Receivable - Misc. 109,148 AP Debit Balances 8,581,067 APG Product Recall 146,084 B.17 Alimony 0 B.18 Other liquidated debts owed 0 B.19 Equitable or future interests 0 B.20 Contingent & contingent interests 0 B.21 Other contingent & unliquidated claims 0 B.22 Patents, copyrights & trademarks 0 B.23 Licenses & franchises 0 B.24 Other intangibles 0 B.25 Automobiles 0 B.26 Boats 0 B.27 Aircraft 0 B.28 Office equipment and supplies Computer Software 14,886,690 Computer Equipment 2,675,660 Office Furniture and Fixtures 46,676 B.29 Machinery, furniture and fixtures 3,613,486 B.30 Inventory Finished Goods, net of reserve 60,641,630 Consignment 6,079,093 Freight in Inventory 556,522 WIP 350,380 B.31 Animals 0 B.32 Crops 0 B.33 Farming equipment 0 B.34 Farm supplies 0 B.35 Other personal property Intercompany Receivable - PGWI 6,476,038 Prepaid Expense - Rent 670,002 Prepaid Expense - Insurance 491,611 Prepaid Expense - Info Services 441,948 Prepaid Expense - Coop 48,138 Intercompany Note - Australia 5,940,536 Intercompany Note - UK 2,276,153 Intercompany Note - Mexico 316,458 Intercompany Receivable - Mexico 7,381 Intercompany Receivable - Singapore 3 Life Insurance Deferred Comp 1,686,800 Prepaid Expense - Purchases 2,236,918 Prepaid Expense - General 2,100,720 TOTAL SCHEDULED ASSETS $213,384,791 ============== C. Property Claimed as Exempt Not Applicable D. Creditors Holding Secured Claims Wells Fargo Foothill, Inc. $41,514,347 E. Unsecured Priority Claims Wages, salaries, and commissions Agoncillo, Jenni 10,082 Alarcon, Aurelio 5,084 Ameel, Maurice 11,447 Andrews, Frank 4,659 Assurian, Debra 4,429 Avalos, Tony 10,080 Baggett, Cary 5,177 Baumgardner, Tyler 4,284 Bayliss, Holly 4,620 Brennan, Lynn 7,840 Brinson, Charles 4,769 Buss, James 5,198 Chmilar, Jean 9,026 Coker, Sandra 4,989 Cole, Sam 25,202 Collins, Ann 5,482 Cook, Korrina 5,509 Cook, Paula 4,325 Crowl, Clyde 7,338 Daniels, Charles 2,684 Dash, Nikhil 49,257 Dowd, Tracy 23,326 Entezam, Fatemeh 10,213 Fruscella, Thomas 9,846 Graziano, Laurel 19,713 Hain, Jon 5,119 Hamann, Dale 9,569 Hauge, Leif 8,576 Helbock, James 6,676 Hill, Damon 14,783 Holm, Grant 3,964 Hood, Robin 10,080 Hutcherson, Debora 7,085 Janssen, Mary 2,031 Januszko, Eric 23,533 Javna, Gordon 37,353 Johnston, Gary 76,714 Padgett, Joann 19,199 Lloyd, Gary 38,146 Lopez-Morlett, Pamela 59,363 Pun, Waitak 25,840 Sgriccia, Michael 58,546 Smith, Curtis 76,606 Stanley, Sydney 91,946 Torres, Angel 41,418 Visintainer, Richard 68,035 Williams, Lisa 40,242 Winterhalder, Lisa 17,836 Williams, Susan 18,110 Vargas, Lidia 11,898 Smith, Susan 12,762 Rautenstrauch, Gary 14,278 Perez, Hugo 11,589 Nordland, Lilian 13,193 Miller, Christopher 11,227 Meinerding, Tyler 10,288 Mcmahon, Ann-marie 11,722 Mckibbin, Scot 8,137 Martin, Donald 39,398 Marrero, Luis 11,479 Magana, Jose 8,006 Lowther, Grant 10,795 Lampman, Betsy 16,122 Krug, Lawrence 10,852 Knox, Michael 10,275 Wojciechowski, Joseph 8,031 Weiss, Robin 6,317 Wardle, Katharine 8,666 Vargas, Lisa 8,419 Tourin, Laura 4,106 Thompson-Austin, Cheryl 3,539 Thacker, Sunchin 1,993 Stelljes, Vickie 1,798 Stefani, Dale 1,907 Snow, Sandra 1,800 Sedgwick, Michelle 3,765 Sandoval, Teresa 1,671 Sanchez, Ismael 6,346 Rosenberger, Connie 4,747 Rorer, Teresa 1,698 Rojas, Felipe 2,472 Rodriguez, Salvador 3,379 Rivera, Jose 1,584 Ritchie, Katherine 2,046 Rillo, Clarence 5,785 Rickert, Lynn 2,417 Richardson, Diane 2,010 Raya, Marco 3,309 Raya, Elvira 2,056 Ranta, David 9,250 Ramsey, Roger 2,166 Raleigh, Darren 8,572 Others 313,524 Taxes and Debts Owed to Gov't. unliquidated *** AMS reports that scheduled Unsecured Priority *** Claims total $1,650,743 and $497,203 of the amount *** is entitled to priority. F. Unsecured Non-Priority Claims A Duie Pyle Inc. 44,087 ABH Division of CH Robinson Worldwide Inc. 200,862 Afflink Integrated Supply Solutions 416,743 Airport 100 Industrial Inc. 156,841 Ajilon Finance 20,370 American Book Company 51,419 Americhip Inc. 432,837 Andrews Mcmeel Publishing 6,263,973 Anness Publishing, Inc. APG 484,918 Anova Books Co. Ltd 419,312 Avalanche Publishing 737,040 Backbeat 350,629 Banta Book Group 651,071 Barrons Educational 687,414 Becker & Mayer 547,415 Black Dog & Leventhal Publisher 601,745 Book Creation 85,764 Book Sales, Inc. 136,531 Borghesi & Adam Publishers 143,969 Brilliance Corporation 375,407 Broadman & Holman 269,189 Central Freight 79,289 Central Transportation 204,563 Chain Sales Marketing, Inc. 373,289 Charles Tillinghast 383,681 Chart Studio 60,488 Chronicle Books 3,404,295 Client Distribution Service 772,711 Cook Illustrated 1,269,207 Creative Homeowner Press 280,297 Deloitte & Touche LLP 137,305 Design Eye Limited 469,774 Egmont UK Limited 66,231 Etranssource.com 67,356 Five Mile Press P/L 96,230 Friesens 127,070 Gibbs M. Smith Inc. 87,805 Global Book Publishing 1,396,598 Good Books 396,948 Hachette Book Group USA 13,052,498 Harcourt Brace & Company 583,460 Harper Collins UK 583,460 Harpercollins US 12,621,876 Harrison House Publishers 75,310 Hinkler Books Pty Ltd. 960,913 Houghton Mifflin Trade Div. 2,050,275 Hugh Lauter Levin Associates 353,752 Human Kinetics 260,258 Ideals Publishing Company 269,167 James Reynolds Transportation 57,670 John Dollison 71,525 John Wiley & Sons, Inc. 3,999,396 Klutz, Inc. 185,036 Konemann In Der Tanderm Verlag Gmbh 182,098 La Bella & McNamara LLP 77,419 Leanin' Tree Inc. 69,371 Learning Horizons 583,971 Leisure Arts 2,155,403 Little Tiger Press 127,782 Lockton Insurance Broker Inc. 245,000 Loren Paulsen 107,601 Mascot Books Inc. 394,344 Meredith Corporation 3,248,052 MG Publications 96,558 Millennium House 286,776 Modern Publishing 80,688 Motorbooks International 260,326 National Book Network 795,445 New Holland 65,455 Northlight Communications, Inc. 58,508 Octopus Publishing Group 306,872 Pac International Logistics Company 101,557 Pacer Global Logistics 97,517 Palace Press International 176,054 Parragon Publishing 108,257 Penguin Putnam, Inc. 19,941,765 Penton Overseas, Inc. 350,618 Phidal Publishing Inc. 982,658 Prisa Acquisition LLC 175,868 Publications International 9,383,966 Publishers Group West 86,066 Random House 33,078,867 Rodale Press Inc. 103,798 Running Press 119,412 Simon & Schuster Inc. 19,096,161 Sounds True 191,540 Spherion Corporation/Norrell Services 420,882 Strang Communications 327,190 Studio Mouse 223,379 Taj Books 432,631 Templar Company PLC 127,001 Time Warner Trade Publishing 2,722,286 Triumph Books 507,883 Tyndale House Publishing 623,562 United States Playing Card Co. 1,804,281 Others 15,243,128 *** The scheduled Unsecured Non-Priority Claims total $173,443,265. AMS' Summary of Schedules reports a total of $174,596,806 for Unsecured Non- Priority Claims. According to AMS, certain prepetition fixed, liquidated and undisputed unsecured claims have been paid as of the date of the filing of the Bankruptcy Materials. Accordingly, AMS says the actual unpaid claims of creditors that may be allowed may differ from the amounts set forth in the Bankruptcy Materials. TOTAL SCHEDULED LIABILITIES $216,608,357 ============= Based in San Diego, California, Advanced Marketing Services, Inc. -- http://www.advmkt.com/-- provides customized merchandising, wholesaling, distribution and publishing services, currently primarily to the book industry. The company has operations in the U.S., Mexico, the United Kingdom and Australia and employs approximately 1,200 people Worldwide. The company and its two affiliates, Publishers Group Incorporated and Publishers Group West Incorporated filed for chapter 11 protection on Dec. 29, 2006 (Bankr. D. Del. Case Nos. 06-11480 through 06-11482). Suzzanne S. Uhland, Esq., Austin K. Barron, Esq., Alexandra B. Feldman, Esq., O'Melveny & Myers, LLP, represent the Debtors as Lead Counsel. Chun I. Jang, Esq., Mark D. Collins, Esq., and Paul Noble Heath, Esq., at Richards, Layton & Finger, P.A., represent the Debtors as Local Counsel. When the Debtors filed for protection from their creditors, they listed estimated assets and debts of more than $100 million. The Debtors' exclusive period to file a chapter 11 plan expires on Apr. 28, 2007. (Advanced Marketing Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). ALLIED HOLDINGS: Posts $7.1 Million Net Loss in January 2007 ------------------------------------------------------------ Allied Holdings, Inc. Unaudited Consolidated Balance Sheet As of January 31, 2007 (In Thousands) Assets Current Assets: Cash and cash equivalents $4,628 Receivables, net of allowances 36,762 Related party receivables 17,407 Inventories 4,711 Prepayments and other current assets 20,861 --------- Total current assets 84,369 Property and equipment, net 123,089 Goodwill, net 3,545 Deferred income taxes 127 Other noncurrent assets 24,548 Investment in related parties 31,595 --------- TOTAL ASSETS $267,273 ========= Liabilities and Stockholders' Deficit Current liabilities not subject to compromise DIP facility $160,685 Accounts and notes payable 22,819 Accrued liabilities 52,944 --------- Total current liabilities 236,896 Long-term liabilities not subject to compromise Postretirement benefits 13,485 Other long-term liabilities 19,469 --------- Total long-term liabilities 32,954 Liabilities subject to compromise 198,888 Stockholders' deficit (201,465) --------- Total liabilities & stockholders' deficit $267,273 ========= AHI reported total current liabilities of $236,896,000 as of January 31, 2007. However, based on the entries provided by AHI, current liabilities only total $236,448,000. A free copy of the Monthly Operating Report is available at: http://researcharchives.com/t/s?1b82 Allied Holdings, Inc. Unaudited Consolidated Statement of Operations For the Month Ended January 31, 2007 (In Thousands) Revenues $56,596 Operating Expenses Salaries, Wages & Fringe benefits 32,051 Operating supplies & expenses 12,702 Purchased transportation 7,007 Insurance & claims 2,734 Operating tax & licenses 2,138 Depreciation & amortization 2,205 Rents 629 Communications & utilities 517 Other operating expenses 439 Gain on disposal of operating assets, net - --------- Total Operating Expenses 60,422 --------- Operating Income (Loss) (3,826) Other Income (Expense) Interest expense (2,104) Investment income 4 Foreign exchange losses, net (687) Equity in earnings of subsidiaries 247 --------- (2,540) --------- Loss before reorganization items and income taxes (6,366) Reorganization items (832) --------- Loss before income taxes (7,198) Income tax benefit - --------- NET LOSS ($7,198) ========= The Debtors disclosed cash disbursements totaling $5,415,037 during January 2007. Based in Decatur, Georgia, Allied Holdings Inc. (AMEX: AHI, other OTC: AHIZQ.PK) -- http://www.alliedholdings.com/-- and its affiliates provide short-haul services for original equipment manufacturers and provide logistical services. The company and 22 of its affiliates filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga. Case Nos. 05-12515 through 05-12537). Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represents the Debtors in their restructuring efforts. Henry S. Miller at Miller Buckfire & Co., LLC, serves as the Debtors' financial advisor. Anthony J. Smits, Esq., at Bingham McCutchen LLP, provides the Official Committee of Unsecured Creditors with legal advice and Russell A. Belinsky at Chanin Capital Partners, LLC, provides financial advisory services to the Committee. When the Debtors filed for protection from their creditors, they estimated more than $100 million in assets and debts. (Allied Holdings Bankruptcy News, Issue No. 43; Bankruptcy Creditors' Service, Inc. http://bankrupt.com/newsstand/or 215/945-7000) CITATION CORPORATION: Balance Sheet at October 2, 2005 ------------------------------------------------------ Citation Corporation and Subsidiaries Consolidated Balance Sheet As of October 2, 2005 ASSETS CURRENT ASSETS Cash and cash equivalents $1,827,000 Accounts receivable 90,508,000 Inventories 44,647,000 Prepaid expenses and other current assets 12,422,000 ------------- Total current assets 149,404,000 Property, plant and equipment -- net 192,411,000 Intangible assets -- net of amort. 15,865,000 Other assets 2,563,000 ------------- TOTAL ASSETS $360,243,000 ============= LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Cash overdraft $9,381,000 Current portion of long-term debt 2,496,000 Accounts payable 28,793,000 Accrued wages and benefits 6,582,000 Accrued vacation 5,528,000 Accrued insurance reserves 6,881,000 Accrued interest 1,140,000 Income taxes payable 109,000 Other accrued expenses 12,264,000 ------------- Total current liabilities 73,174,000 LONG-TERM LIABILITIES Long-term debt 206,815,000 Accrued benefit plan obligations 6,260,000 Accrued insurance reserves 5,215,000 Other long-term liabilities 3,238,000 ------------- Total long-term liabilities 221,528,000 ------------- Total liabilities 294,702,000 ------------- COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY Preferred stock, $0.01 par value; 75,000 77,720,000 shares authorized, 75,000 issued and outstanding (liquidation preference of $77,720) Common stock, $0.01 par value; 1,500,000 10,000 shares authorized, 1,000,000 issued and outstanding Additional paid-in capital 1,300,000 Accumulated deficit (13,489,000) ------------- Total stockholders' equity 65,541,000 ------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $360,243,000 ============= Based in Birmingham, Alabama, Citation Corp. -- http://www.citation.net/-- and its affiliates design, develop and manufacture cast, forged and machined components for the capital and durable goods industries, including the automotive and industrial markets. Citation uses aluminum, steel, gray iron, and ductile iron as the raw materials in its various manufacturing processes. The company and 9 of its affiliates filed for chapter 11 protection on March 12, 2007 (Bankr. N.D. Ala. Case No. 07- 01153 through 07-01161). Caroline A. Reckler, Esq. and Josef S. Athanas, Esq., at Latham & Watkins LLP, and Marc P. Solomon, Esq. and Michael Leo Hall, Esq., at Burr & Forman LLP represent the Debtors as Counsels. When the Debtors filed for protection from their creditors, they estimated more than $100 million in assets and debts. (Citation Corp. Bankruptcy News, Issue No. 1; Bankruptcy Creditors' Service, Inc. http://bankrupt.com/newsstand/or 215/945-7000) ENTERGY NEW ORLEANS: Earns $3.5 Million in January 2007 ------------------------------------------------------- Entergy New Orleans, Inc., delivered to the Court its monthly operating report for the period Jan. 1 to 31, 2007. ENOI reported approximately $6,000,000 in operating income during the reporting period. The Debtor disclosed a net income of approximately $3,500,000 as of January 31. A full-text copy of ENOI's January 2007 MOR is available at no charge at: http://researcharchives.com/t/s?1b83 Entergy New Orleans, Inc. Unaudited Balance Sheet As of January 31, 2007 (in thousands) ASSETS Current Assets: Cash and cash equivalents Cash $558 Temporary cash investments 19,464 ---------- Total cash and cash equivalents 20,022 Accounts receivable: Customer 65,335 Allowance for doubtful accounts (10,563) Associated companies 20,721 Other 8,864 Accrued unbilled revenues 24,478 ---------- Total accounts receivable 108,835 Deferred fuel costs 16,397 Fuel inventory 934 Materials and supplies 7,630 Prepayments and other 14,817 ---------- Total current assets 168,635 Other Property and Investments Investment in affiliates 3,259 Non-utility property at cost 1,107 ---------- Total other property and investments 4,366 Utility Plant Electric 699,680 Natural gas 186,354 Construction work in progress 9,666 ---------- Total Utility Plant 895,700 Less - accumulated depreciation and amortization 448,651 ---------- Utility plant - net 447,049 Deferred Debits and Other Assets Regulatory assets: Other regulatory assets 300,008 Long term receivables 936 Other 10,144 ---------- Total deferred debits and other assets 311,088 ---------- TOTAL ASSETS $931,138 ========== LIABILITIES: Postpetition liabilities: Taxes payable $4,246 Accounts payable 21,560 DIP credit facility 51,934 ---------- Total postpetition liabilities 77,740 Current liabilities: Currently maturing long-term debt 0 Notes payable 0 Accounts payable: Associated companies 71,353 Other 75,161 Customer deposits 15,325 Taxes accrued 1,936 Accumulated deferred income taxes 1,913 Interest accrued 18,519 Energy efficiency program provision 0 Other 6,343 ---------- Total current liabilities 190,550 Non-current liabilities: Accumulated deferred income taxes & taxes accrued 104,762 Accumulated deferred investment tax credits 3,125 SFAS 109 regulatory liability - net 72,073 Other regulatory liabilities 0 Accumulated provisions 8,713 Pension liability 59,900 Long-term debt 229,876 Other 7,136 ---------- Total non-current liabilities 485,585 ---------- Total Liabilities 753,875 Commitments and Contingencies: SHAREHOLDERS' EQUITY Preferred stock without sinking fund 19,780 Common stock, $4 par value, authorized 10,000,000 shares; issued and outstanding 8,435,900 shares in 2005 and 2004 33,744 Paid-in capital 36,294 Retained earnings -- prepetition 99,593 Retained earnings -- postpetition (12,148) ---------- Total shareholders equity 177,263 ---------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $931,138 ========== Entergy New Orleans, Inc. Cash Receipts and Disbursement Statement Month Ended January 31, 2007 Beginning cash balance $3,851,865 Cash receipts 106,203,518 Cash disbursements (109,496,944) ---------- Net cash flow (3,293,426) ---------- ENDING CASH BALANCE $558,439 ========== Headquartered in Baton Rouge, Louisiana, Entergy New Orleans Inc. -- http://www.entergy-neworleans.com/-- is a wholly owned subsidiary of Entergy Corporation. Entergy New Orleans provides electric and natural gas service to approximately 190,000 electric and 147,000 gas customers within the city of New Orleans. Entergy New Orleans is the smallest of Entergy Corporation's five utility companies and represents about 7% of the consolidated revenues and 3% of its consolidated earnings in 2004. Neither Entergy Corporation nor any of Entergy's other utility and non-utility subsidiaries were included in Entergy New Orleans' bankruptcy filing. Entergy New Orleans filed for chapter 11 protection on Sept. 23, 2005 (Bankr. E.D. La. Case No. 05-17697). Elizabeth J. Futrell, Esq., and R. Partick Vance, Esq., at Jones, Walker, Waechter, Poitevent, Carrere & Denegre, L.L.P., represent the Debtor in its restructuring efforts. Carey L. Menasco, Esq., Philip Kirkpatrick Jones, Jr., Esq., and Joseph P. Hebert, Esq., at Liskow & Lewis, APLC, represent the Official Committee of Unsecured Creditors. When the Debtor filed for protection from its creditors, it listed total assets of $703,197,000 and total debts of $610,421,000. (Entergy New Orleans Bankruptcy News, Issue No. 40; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) INTERSTATE BAKERIES: Posts $12.1 Mil. Loss in Period Ended Jan. 13 ------------------------------------------------------------------ Interstate Bakeries Corporation and Subsidiaries Unaudited Consolidated Monthly Operating Report Four Weeks Ended January 13, 2007 REVENUE Gross Income $100,535,056 Less Cost of Goods Sold Ingredients, Packaging & Outside Purchasing 37,260,760 Direct & Indirect Labor 11,797,094 Overhead & Production Administration 103,600,089 ------------- Total Cost of Goods Sold 152,657,943 ------------- Gross Profit (52,122,887) ------------- OPERATING EXPENSES Owner - Draws/Salaries - Selling & Delivery Employee Salaries 49,414,316 Advertising and Marketing 2,448,448 Insurance (Property, Casualty, & Medical) 10,692,075 Payroll Taxes 4,350,170 Lease and Rent 3,069,844 Telephone and Utilities 1,385,137 Corporate Expense (Including Salaries) 6,079,500 Other Expenses 27,304,597 ------------- Total Operating Expenses 104,744,087 ------------- EBITDA (1,143,998) Restructuring & Reorganization Charges 2,299,795 Depreciation and Amortization 5,410,380 Abandonment 224,001 Other(Income)/Expense 3,039 Gain/Loss Sale of Prop - Interest Expense 3,503,827 ------------- Operating Income (Loss) (12,585,040) Income Tax Expense (Benefit) (390,136) ------------- Net Income (Loss) ($12,194,904) ============= CURRENT ASSETS Accounts Receivable at end of period $138,305,062 Increase (Decrease) in Accounts Receivable (1,599,156) Inventory at end of period 65,240,184 Increase (Decrease) in Inventory for period (818,058) Cash at end of period 81,646,290 Increase (Decrease) in Cash for period (8,864,516) Restricted Cash 7,748,237 Increase (Dec.) in Restricted Cash for period 127,094 LIABILITIES Increase (Decrease) Liabilities Not Subject to Compromise (4,071,908) Increase (Decrease) Liabilities Subject to Compromise 220,751 Taxes payable: Federal Payroll Taxes 9,294,861 State/Local Payroll Taxes 6,133,467 State Sales Taxes 606,852 Real Estate and Personal Property Taxes 8,517,209 Other 4,624,289 ------------- Total Taxes Payable $29,176,678 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 Aug. 15, 2014, on Aug. 12, 2004) in total debts. The Debtors' exclusive period to file a chapter 11 plan expires on June 2, 2007. (Interstate Bakeries Bankruptcy News, Issue No. 58; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000). PACIFIC LUMBER: Britt Lumber Files Schedules of Assets and Debts ----------------------------------------------------------------- A. Real Estate Land $3,334,376 Land Improvements 114,498 Buildings 2,040,665 Leasehold Improvements 102,591 B. Personal Property B.1 Cash on Hand / Petty Cash 68 B.2 Financial Accounts Bank of America Operations for Accounts Payable 88,858 Health Care Plan 4,222 Wells Fargo Bank NA - Payroll 2,915 LaSalle Bank 0 US Bank of California - Collection Lockbox 0 B.3 Security Deposits Mad River LLC 4,375 Village Concepts Inc. 4,000 B.9 Interests in Insurance Policies Unamortized Insurance Premium 693,000 Old Republic Insurance Co. 18,000 B.16 Accounts Receivable I/C Pacific Lumber Receivable 2,199,814 Trade Receivables 1,957,389 Employee Receivables 334 B.25 Automobiles, Vehicles & Accessories 30,906 B.29 Machinery, Fixtures and Supplies 4,700,000 B.30 Inventory Logs, Lumber and Posts 6,331,000 Motor parts 83,000 TOTAL SCHEDULED ASSETS $21,710,015 ============ D. Creditors Holding Secured Claims Marathon Structured Finance Fund LP $87,254,829 Marathon Structured Finance Fund LP 26,842,300 LaSalle Business Credit, LLC 13,158,102 Others 18,148 E. Creditors Holding Unsecured Claims National Benefit Resource 12,451 Russell Britt 7,753 Charles Moyer 4,790 Thom Lindholm 4,206 AFLAC 3,837 Douglas Kotterman 3,673 Phillip Lenderman 3,469 Nelson Vinum 3,293 James Heidinger 3,190 Carlous Baum 3,104 Richard Gilbert 3,091 Bruce Sanders 3,070 Mike Maynard 3,052 Frank Weber 3,004 Donald Buck 2,936 Gary Coonrod 2,876 Theodore Tremayne 2,778 Jeffrey O'Hara 2,763 George Peterson 2,679 Ralph Hafar 2,593 Timmy LaFranchi 2,551 Colleen Barrick 2,531 Harold Phenix 2,512 Michael Goth 2,271 Randolph Skiles 2,222 Edward Kukkonen 2,218 Jona Frizzell 2,186 Risao Samuel 2,169 Darrell McAllister 2,073 David Souza 2,027 Miguel Ramirez Mendez 2,000 Kevin Wicke 1,980 Michael Bowen 1,946 Robert Agnew 1,938 Ronald Coffelt 1,903 Kevin Foreman 1,862 Robert Zimmerman 1,772 George Smith 1,765 John Ponsano 1,759 Darren Shumard 1,753 Antonio Arias 1,744 Mary Borges 1,733 Robert Macri 1,683 Others 64,147 F. Creditors Holding Unsecured Non-Priority Claims Maxxam Inc. 691,785 North Coast Fabricators 44,150 Chambers Wood Products 41,172 Pneumatics & Hydraulics 30,442 Edjo Inc. 25,791 P & H Analytical Laboratorie 20,623 WBCO Electric Service 16,536 Steve Saunders 14,782 Van Dusen Lath Products 13,201 Northern California Log 11,865 Redwood Electric Repair 9,594 Allied Barton 9,139 D II Trucking 8,200 Vernon Engman Jr. 8,000 Munnell & Sherrill Inc. 7,843 Rogers Machinery Company 7,125 L & M Renner Inc. 6,991 Contechem Incorporated 6,399 Richard Lombardo 5,844 Scott McCall 5,000 Others 62,142 TOTAL SCHEDULED LIABILITIES $128,509,357 ============= Headquartered in Oakland, California, The Pacific Lumber Company -- http://www.palco.com/-- and its subsidiaries operate in several principal areas of the forest products industry, including the growing and harvesting of redwood and Douglas-fir timber, the milling of logs into lumber and the manufacture of lumber into a variety of finished products. Scotia Pacific Company LLC, Scotia Development LLC, Britt Lumber Co., Inc., Salmon Creek LLC and Scotia Inn Inc. are wholly owned subsidiaries of Pacific Lumber. Scotia Pacific, Pacific Lumber's largest operating subsidiary, was established in 1993, in conjunction with a securitization transactions pursuant to which the vast majority of Pacific Lumber's timberlands were transferred to Scotia Pacific, and Scotia Pacific issued Timber Collateralized Notes secured by substantially all of Scotia Pacific's assets, including the timberlands. Pacific Lumber, Scotia Pacific, and four other subsidiaries filed for chapter 11 protection on Jan. 18, 2007 (Bankr. S.D. Tex. Case Nos. 07-20027 through 07-20032). Jeffrey L. Schaffer, Esq., William J. Lafferty, Esq., and Gary M. Kaplan, Esq., at Howard Rice Nemerovski Canady Falk & Rabkin, A Professional Corporation is Pacific Lumber's lead counsel. Nathaniel Peter Holzer, Esq., Harlin C. Womble, Jr., Esq., and Shelby A. Jordan, Esq., at Jordan Hyden Womble Culbreth & Holzer PC, is Pacific Lumber's co- counsel. Kathryn A. Coleman, Esq., and Eric J. Fromme, Esq., at Gibson, Dunn & Crutcher LLP, acts as Scotia Pacific's lead counsel. John F. Higgins, Esq., and James Matthew Vaughn, Esq., at Porter & Hedges LLP, is Scotia Pacific's co-counsel. When Pacific Lumber filed for protection from its creditors, it listed estimated assets and debts of more than $100 million. Scotia Pacific listed total assets of $932,000,000 and total debts of $765,978,335. The Debtors' exclusive period to file a chapter 11 plan expires on May 18, 2007. (Scotia/Pacific Lumber Bankruptcy News, Issue No. 9, http://bankrupt.com/newsstand/or 215/945-7000). PACIFIC LUMBER: Salmon Creek Files Schedules of Assets and Debts ---------------------------------------------------------------- A. Real Estate Timberland Parcel No. 200011019000 unknown Parcel No. 200011021000 unknown Parcel No. 204012003000 unknown Parcel No. 206011008000 unknown Parcel No. 311091003000 unknown Parcel No. 311092004000 unknown Parcel No. 314053004000 unknown Parcel No. 314054006000 unknown Parcel No. 314054007000 unknown Parcel No. 314054008000 unknown Parcel No. 314054010000 unknown Parcel No. 314054011000 unknown Parcel No. 314061007000 unknown Parcel No. 314061008000 unknown Parcel No. 314064004000 unknown B. Personal Property B.1 Cash on Hand Wells Fargo Bank $38,367 B.2 Financial Accounts Bank of America - Certificate of Deposit 2,412,715 B.16 Accounts Receivable Bank of America - Accrued Interest on Certificate of Deposit 84,491 I/C Advance - M.G.I 26,200 I/C - Pacific Lumber Company 139,653 B.21 Other Contingent & Unliquidated Claims Pending litigation matters unknown B.29 Machinery, Fixtures and Supplies Office Equipment 3,061 B.35 Other Personal Property Prepaid Expenses 2,419 TOTAL SCHEDULED ASSETS $2,706,907 =========== D. Creditors Holding Secured Claims Marathon Structured Finance Fund LP $87,254,829 Marathon Structured Finance Fund LP 26,842,300 LaSalle Business Credit, LLC 13,158,102 Others 1,393 E. Creditors Holding Unsecured Claims Franchise Tax Board - Internal Revenue Service - F. Creditors Holding Unsecured Non-Priority Claims Environmental Protection Info. Ctr. - People of California - United Steelworkers of America - TOTAL SCHEDULED LIABILITIES $127,256,626 ============= Headquartered in Oakland, California, The Pacific Lumber Company -- http://www.palco.com/-- and its subsidiaries operate in several principal areas of the forest products industry, including the growing and harvesting of redwood and Douglas-fir timber, the milling of logs into lumber and the manufacture of lumber into a variety of finished products. Scotia Pacific Company LLC, Scotia Development LLC, Britt Lumber Co., Inc., Salmon Creek LLC and Scotia Inn Inc. are wholly owned subsidiaries of Pacific Lumber. Scotia Pacific, Pacific Lumber's largest operating subsidiary, was established in 1993, in conjunction with a securitization transactions pursuant to which the vast majority of Pacific Lumber's timberlands were transferred to Scotia Pacific, and Scotia Pacific issued Timber Collateralized Notes secured by substantially all of Scotia Pacific's assets, including the timberlands. Pacific Lumber, Scotia Pacific, and four other subsidiaries filed for chapter 11 protection on Jan. 18, 2007 (Bankr. S.D. Tex. Case Nos. 07-20027 through 07-20032). Jeffrey L. Schaffer, Esq., William J. Lafferty, Esq., and Gary M. Kaplan, Esq., at Howard Rice Nemerovski Canady Falk & Rabkin, A Professional Corporation is Pacific Lumber's lead counsel. Nathaniel Peter Holzer, Esq., Harlin C. Womble, Jr., Esq., and Shelby A. Jordan, Esq., at Jordan Hyden Womble Culbreth & Holzer PC, is Pacific Lumber's co- counsel. Kathryn A. Coleman, Esq., and Eric J. Fromme, Esq., at Gibson, Dunn & Crutcher LLP, acts as Scotia Pacific's lead counsel. John F. Higgins, Esq., and James Matthew Vaughn, Esq., at Porter & Hedges LLP, is Scotia Pacific's co-counsel. When Pacific Lumber filed for protection from its creditors, it listed estimated assets and debts of more than $100 million. Scotia Pacific listed total assets of $932,000,000 and total debts of $765,978,335. The Debtors' exclusive period to file a chapter 11 plan expires on May 18, 2007. (Scotia/Pacific Lumber Bankruptcy News, Issue No. 9, http://bankrupt.com/newsstand/or 215/945-7000). PACIFIC LUMBER: Scotia Inn Files Schedules of Assets and Debts -------------------------------------------------------------- A. Real Estate $0 B. Personal Property B.1 Cash on hand US Bank 3,976 TOTAL SCHEDULED ASSETS $3,976 ======= D. Creditors Holding Secured Claims LaSalle Business Credit LLC $13,158,102 Marathon Structured Finance Fund LP 26,842,300 Marathon Structured Finance Fund LP 87,254,829 E. Creditors Holding Unsecured Claims - F. Creditors Holding Unsecured NonPriority Claims - TOTAL SCHEDULED LIABILITIES $127,255,232 ============= Headquartered in Oakland, California, The Pacific Lumber Company -- http://www.palco.com/-- and its subsidiaries operate in several principal areas of the forest products industry, including the growing and harvesting of redwood and Douglas-fir timber, the milling of logs into lumber and the manufacture of lumber into a variety of finished products. Scotia Pacific Company LLC, Scotia Development LLC, Britt Lumber Co., Inc., Salmon Creek LLC and Scotia Inn Inc. are wholly owned subsidiaries of Pacific Lumber. Scotia Pacific, Pacific Lumber's largest operating subsidiary, was established in 1993, in conjunction with a securitization transactions pursuant to which the vast majority of Pacific Lumber's timberlands were transferred to Scotia Pacific, and Scotia Pacific issued Timber Collateralized Notes secured by substantially all of Scotia Pacific's assets, including the timberlands. Pacific Lumber, Scotia Pacific, and four other subsidiaries filed for chapter 11 protection on Jan. 18, 2007 (Bankr. S.D. Tex. Case Nos. 07-20027 through 07-20032). Jeffrey L. Schaffer, Esq., William J. Lafferty, Esq., and Gary M. Kaplan, Esq., at Howard Rice Nemerovski Canady Falk & Rabkin, A Professional Corporation is Pacific Lumber's lead counsel. Nathaniel Peter Holzer, Esq., Harlin C. Womble, Jr., Esq., and Shelby A. Jordan, Esq., at Jordan Hyden Womble Culbreth & Holzer PC, is Pacific Lumber's co- counsel. Kathryn A. Coleman, Esq., and Eric J. Fromme, Esq., at Gibson, Dunn & Crutcher LLP, acts as Scotia Pacific's lead counsel. John F. Higgins, Esq., and James Matthew Vaughn, Esq., at Porter & Hedges LLP, is Scotia Pacific's co-counsel. When Pacific Lumber filed for protection from its creditors, it listed estimated assets and debts of more than $100 million. Scotia Pacific listed total assets of $932,000,000 and total debts of $765,978,335. The Debtors' exclusive period to file a chapter 11 plan expires on May 18, 2007. (Scotia/Pacific Lumber Bankruptcy News, Issue No. 9, http://bankrupt.com/newsstand/or 215/945-7000). PACIFIC LUMBER: Scotia Pacific Files Schedules of Assets & Debts ---------------------------------------------------------------- A. Real Estate Scopac Timberlands $212,300,000 B. Personal Property B.1 Cash on Hand/Petty Cash 200 B.2 Financial Accounts US Bank of California Payroll Account 71,487 Expense Account 61,610 Bank of New York Trust Co. Collection Account 1,712,509 Prefunding Account 2,503,345 Expense Reserve Account 413 SAR Account 42,532,362 B.16 Accounts Receivable Prepetition Amounts owed 1,822,125 B.18 Other Liquidated Debts Claim against PALCO 12,275 B.21 Other Contingent & Unliquidated Claims Debtors v. State of Calif. unknown PALCO v. General Star Indemnity unknown Possible claims for indemnification & contribution against third parties unknown B.25 Automobiles, Vehicles & Accessories 116,122 B.28 Office Equipment & Supplies 2,914 B.29 Machinery, Fixtures & Supplies 432,919 B.35 Other Personal Property Forest Roads unknown Prepaid Insurance 646,779 Timber Harvesting Permits 5,330,235 Misc. Prepayments 50,539 TOTAL SCHEDULED ASSETS $267,902,840 ============= D. Creditors Holding Secured Claims Bank of America $36,214,344 Bank of New York Trust Company N.A. 713,842,329 Humboldt County Tax Collector 208,612 E. Creditors Holding Unsecured Claims State Board of Equalization 448,016 Ray Miller 54,056 Carl Anderson 31,055 Jeffrey Barrett 11,498 Richard Bettis 10,589 James Boyd 9,092 Tim Meyers 9,002 Wayne Rice 8,483 Michael Niles 8,470 Kathleen Sullivan 7,911 James Adams 7,873 Gilbert Craven 7,299 Tagg Nordstrom 6,981 Sheila Helgath 6,927 John Sneed 6,829 Others 195,141 F. Creditors Holding Unsecured Non-Priority Claims Pacific Lumber Company 1,027,641 MAXXAM Inc. 296,407 Scotia Development Corporation LLC 140,534 Hohman & Associates 91,745 SHN Consulting Engineers 86,089 Blair Forestry Consulting 41,364 Carl Anderson 38,382 Deloitte & Touche LLP 34,382 California Forest Products 30,495 Pacific Watershed Associates 29,084 Laco Associates 20,117 Timberland Res. Consultants 19,513 D.R. Systems 13,533 Maxey Forestry 10,198 Thompson Smitch Consulting 10,030 Tall Trees Forestry 9,012 TSI 8,974 Humboldt Fish Action Counsel 7,500 Ben Cohoon 6,895 Others 44,404 TOTAL SCHEDULED LIABILITIES $753,060,806 ============= Headquartered in Oakland, California, The Pacific Lumber Company -- http://www.palco.com/-- and its subsidiaries operate in several principal areas of the forest products industry, including the growing and harvesting of redwood and Douglas-fir timber, the milling of logs into lumber and the manufacture of lumber into a variety of finished products. Scotia Pacific Company LLC, Scotia Development LLC, Britt Lumber Co., Inc., Salmon Creek LLC and Scotia Inn Inc. are wholly owned subsidiaries of Pacific Lumber. Scotia Pacific, Pacific Lumber's largest operating subsidiary, was established in 1993, in conjunction with a securitization transactions pursuant to which the vast majority of Pacific Lumber's timberlands were transferred to Scotia Pacific, and Scotia Pacific issued Timber Collateralized Notes secured by substantially all of Scotia Pacific's assets, including the timberlands. Pacific Lumber, Scotia Pacific, and four other subsidiaries filed for chapter 11 protection on Jan. 18, 2007 (Bankr. S.D. Tex. Case Nos. 07-20027 through 07-20032). Jeffrey L. Schaffer, Esq., William J. Lafferty, Esq., and Gary M. Kaplan, Esq., at Howard Rice Nemerovski Canady Falk & Rabkin, A Professional Corporation is Pacific Lumber's lead counsel. Nathaniel Peter Holzer, Esq., Harlin C. Womble, Jr., Esq., and Shelby A. Jordan, Esq., at Jordan Hyden Womble Culbreth & Holzer PC, is Pacific Lumber's co- counsel. Kathryn A. Coleman, Esq., and Eric J. Fromme, Esq., at Gibson, Dunn & Crutcher LLP, acts as Scotia Pacific's lead counsel. John F. Higgins, Esq., and James Matthew Vaughn, Esq., at Porter & Hedges LLP, is Scotia Pacific's co-counsel. When Pacific Lumber filed for protection from its creditors, it listed estimated assets and debts of more than $100 million. Scotia Pacific listed total assets of $932,000,000 and total debts of $765,978,335. The Debtors' exclusive period to file a chapter 11 plan expires on May 18, 2007. (Scotia/Pacific Lumber Bankruptcy News, Issue No. 9, http://bankrupt.com/newsstand/or 215/945-7000). SONICBLUE INC: Files January 2007 Monthly Operating Report ---------------------------------------------------------- At Jan. 31, 2007, SONICblue Incorporated reports that it is sitting on $79,317,261 of cash, has accrued $640,115 in postpetition liabilities, and faces a $236,604,166 mountain of prepetition debts. A full-text copy of SONICblue Inc.'s January 2007 Monthly Operating Report is available at no charge at: http://researcharchives.com/t/s?172b Headquartered in Santa Clara, California, SONICblue Incorporated is involved in the converging Internet, digital media, entertainment and consumer electronics markets. The company, together with three of its wholly owned subsidiaries, Diamond Multimedia Systems, Inc., ReplayTV, Inc., and Sensory Science Corporation, filed for chapter 11 protection on Mar. 21, 2003 (Bankr. N.D. Calif. Case Nos. 03-51775 to 03-51778). Craig A. Barbarosh, Esq., at the Law Offices of Pillsbury Winthrop, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed assets totaling $342,871,000 and debts totaling $335,473,000. ********* 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/ On Thursdays, the TCR delivers a list of recently filed chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. 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. Marie Therese V. Profetana, Shimero R. Jainga, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R. Villacampa, Jason A. Nieva, Cherry A. Soriano-Baaclo, Melvin C. Tabao, Melanie C. Pador, Ludivino Q. Climaco, Jr., Tara Marie A. Martin, Frauline S. Abangan, and Peter A. Chapman, Editors. Copyright 2007. 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 $775 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 ***