TCR_Public/080607.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, June 7, 2008, Vol. 12, No. 135

                             Headlines

AEGIS MORTGAGE: Posts April 2008 Net Loss of $22,964,945
ASARCO LLC: Earns $40,664,000 in Month Ended April 30, 2008
ATA AIRLINES: CRO Files Report for Period April 3 to 30, 2008  
BLUE WATER: BWP Mexico Submits March 2008 Operating Report
BLUE WATER: BWP Mexico Submits April 2008 Operating Report

BLUE WATER: BWASP Submits March 2008 Monthly Operating Report
BLUE WATER: BWASP Submits April 2008 Monthly Operating Report
BOMBAY COMPANY: Incurs $237,870 Net Loss in March 2008
CATHOLIC CHURCH: Fairbanks Files April 2008 Operating Report
CATHOLIC CHURCH: Davenport Files April 2008 Operating Report

FEDDERS CORPORATION: Posts Net Loss of $5,730,000 in March 2008
FORTUNOFF: Posts $248,266 Net Loss for Month Ended April 30, 2008
FRONTIER AIRLINES: Incurs April 2008 Net Loss of $16,460,000
HOMEBANC MORTGAGE: Incurs April 2008 Net Loss of $3,493,000
NETBANK INC: Delivers Monthly Operating Report for April 2008

PACIFIC LUMBER: Scotia Dev't Delivers April 2008 Monthly Report
PACIFIC LUMBER: ScoPac Delivers April 2008 Monthly Report
TROPICANA ENTERTAINMENT: Submits Initial Monthly Operating Report
TWEETER HOME: Earns $527,397 in Month Ended October 31, 2007
TWEETER HOME: Posts $1,823,957 Loss in Month Ended Nov. 30, 2007

TWEETER HOME: Posts $557,013 Loss in Month Ended Dec. 31, 2007
TWEETER HOME: Earns $257,110 in Month Ended January 31, 2008
TWEETER HOME: Posts $144,084 Loss in Month Ended Feb. 29, 2008
TWEETER HOME: Posts $297,355 Loss in Month Ended March 31, 2008
ZIFF DAVIS: Submits March 2008 Monthly Operating Report

ZIFF DAVIS: Submits April 2008 Monthly Operating Report

                             *********

AEGIS MORTGAGE: Posts April 2008 Net Loss of $22,964,945
--------------------------------------------------------

                Aegis Mortgage Corporation, et al.
                    Consolidated Balance Sheet
                       As of April 30, 2008

Unrestricted Cash & Equivalents                     $26,547,913
Restricted Cash and Equivalents                      20,570,908
                                                 --------------
  Total Cash and Cash Equivalents                    47,118,821
                                                               
Prime loans                                              (5,659)
Nonconforming Loans                                           -
Loan Premium (Discount), net                          2,204,485
Repurchased Loans                                             -
Loan Loss Reserve                                             -
                                                 --------------
  Mortgage Loans Held for Sale                        2,198,826

ABS Nonconforming                                 3,151,698,233
ABS Loan Premium (Discount), net                    (18,414,804)  
ABS Loan Loss Reserve                              (202,679,627)
                                                 --------------
  Mortgage Loans Held for Investment              2,930,603,802
                                                               
Accrued Interest - Loans Held for Sale                        -
Accrued Int. - Loans Held for Investment             21,270,566
                                                 --------------
Accrued Interest Receivable                          21,270,566
                                                               
Mortgage Servicing Rights                                     -
Property and Equipment, net                             238,309
Deferred Income Taxes                                77,392,375
Goodwill                                                      -
Prepaid Rent and Deposits                               919,790
Derivative Assets                                   (15,057,805)
Receivable for Advances                              35,376,831
Servicer Related                                        298,752
Other Assets                                        639,317,768
Intercompany Receivable                                       0
                                                 --------------
TOTAL ASSETS                                     $3,739,678,036
                                                 ==============

                Liabilities & Shareholder's Equity

N/P Warehouse - Prime                               540,186,233
N/P Warehouse - Nonconforming                        25,222,476
N/P Warehouse - Other                                17,617,881
N/P Warehouse - Repurchased                          11,933,754
                                                 --------------
Warehouse and Repurchase Facilities                 594,960,344

Bonds Payable                                     3,079,369,519
NAS IO Bonds Payable                                    653,032  
NIM Bonds Payable                                    52,989,614
Bond Premium (Discount), net                        (21,525,299)
                                                 --------------
  Bond Financing on Mortgage                      3,111,486,866
  Loans Held for Investment                          
                                                               
  Subordinated Debt                                 177,156,872
  Accrued Interest Payable                            6,060,937  
  Accounts Payable and
   Accrued Expenses                                  74,198,033
  Notes Payable-Other                                         -
                                                 --------------
Total Liabilities                                 3,963,863,051
                                                               
Common Stock                                             97,386
Preferred Stock                                         104,000
Other Comprehensive Income                                    -
Paid in Capital                                      56,850,415
NR Related to Common Stock                           (5,890,925)
Distributions                                             6,500
Treasury Stock                                                -
Dividends                                               (45,500)
Retained Earnings                                  (215,592,329)
Current Net Income Prepetition                                -
Current Net Income                                  (59,714,562)
                                                 --------------
Total Equity                                       (224,185,015)  
                                                 --------------
TOTAL LIABILITIES & EQUITY                       $3,739,678,036
                                                 ==============

                 Aegis Mortgage Corporation, et al.
                   Consolidated Income Statement
                       April 1 to 30, 2008

Loans Held for Sale
  Interest Income                                       $99,835
  Interest Expense                                            -
  Servicing Expense                                        (776)
                                                 --------------
  Net Interest Income                                    99,059

Loans Held for Investment
  Interest Income                                    19,393,736
  Interest Expense                                   (9,948,315)
  Servicing Expense                                  (1,360,893)
                                                 --------------
  Net Interest Income                                 8,084,529
                                                               
Gains on Sale                                           220,346
Premiums Paid                                               576
Loan Points                                                   -
Loan Origination Fees                                         -
Broker Fees Received                                          -
                                                 --------------
  Production Income                                     220,922
                                                               
Servicing and Prepayment Income                          82,842
Late Charges                                                  -
                                                 --------------
  Total Servicing Fees                                   82,842
                                                               
Other Income (Loss)                                   8,510,901
                                                 --------------
Total Revenue                                        16,998,252

Salaries                                                189,131
Bonuses                                                       -
Commissions                                                   -
Employee Benefits                                          (178)
Payroll Taxes                                            14,739  
Meetings & Travel                                           (15)
Meals & Entertainment                                       441
                                                 --------------
  Total Personnel Expenses                              204,118
                                                               
Rent                                                     45,406
Telephone                                                11,383
Office Supplies                                            (113)
Shipping & Postage                                         (182)
Equipment                                                66,390
                                                 --------------
  Total Office Expenses
122,884                                                               

Professional Expense                                  1,077,938
Marketing                                                     -
Loan Related Expenses                                   205,685
Banking                                                       -
Other Taxes/Licenses/Fees                                23,548
Other Expenses                                           80,647
                                                 --------------
  Total Other Expenses                                1,387,818
                                                               
  Direct Operating Expense                            1,714,820
  Direct Operating Income                            15,283,432
                                                               
Loan Loss Provision                                  38,228,627
Deferred SFAS 91 Expenses                                     -
Sub Debt Expense                                              -
Depreciation Expense                                     19,750
Amortization                                                  -
Direct Allocation to Subs                                     -
Allocation Between Subs                                       -
                                                 --------------
  Indirect Operating Expense                         38,248,377
                                                 --------------

Total Expenses                                       39,963,197
                                                     
Income (Loss) Before Taxes                          (22,964,945)
                                                               
Federal and State Income Taxes                                -
                                                 --------------
Net Income (Loss)                                  ($22,964,945)
                                                 ==============

                Aegis Mortgage Corporation, et al.
                    Receipts and Disbursements
                       April 1 to 30, 2008

Balance at Beginning of Period                      $26,740,294

RECEIPTS:
Cash Sales                                                    0
Accounts Receivable                                     818,544
Loans and Advances                                            0
Sale of Assets                                                0
Other--Interest on Cash Account                         110,852
Transfers (from DIP Accounts)                                 0
Reclass cash to restricted                                    0
                                                 --------------
   Total Receipts                                       929,397

DISBURSEMENTS:
Net Payroll                                            (139,830)
Payroll Taxes                                           (66,469)
Sales, Use & Other Taxes                                 (2,711)
Inventory Purchases                                           0
Secured/Rental/Leases                                   (39,644)
Insurance--Health Benefits                             (130,534)
Administrative                                         (238,569)
Selling                                                       0
Other NSF's                                                   0
Owner Draw                                                    0
Transfers to DIP Accounts                                     0

Professional Fees                                      (492,033)
U.S. Trustee Quarterly Fees                             (16,250)

Court Costs                                                   0
                                                 --------------
Total Disbursements                                  (1,126,042)
                                                 --------------
Net Cash Flow                                          (196,645)
                                                 --------------
Cash-End of Month                                   $26,543,649
                                                 ==============

Cash per balance sheet totaled $26,545,149.  However, deducted
by cash in "ABS" of $1,500, total cash would be $26,543,649.

                       About Aegis Mortgage

Headquartered in Houston, Texas, Aegis Mortgage Corporation --
http://www.aegismtg.com/-- offers a variety of mortgage loan        
products to brokers through its subsidiaries.  The company
together with 10 affiliates filed for chapter 11 protection on
Aug. 13, 2007 (Bankr. D. Del. Case No. 07-11119).  Curtis A. Hehn,
Esq., James E. O'Neill, Esq., Laura Davis Jones, Esq., and Timothy
P. Cairns, Esq., at Pachulski, Stang, Ziehl, & Jones, L.L.P.,
serve as counsel to the Debtors.  The Official Committee of
Unsecured Creditors is represented by Landis Rath & Cobb LLP. In
schedules filed with the Court, Aegis disclosed total assets of
$138,265,342 and total debts of $4,125,470.  The Debtors'
exclusive period to file a plan expires on June 8, 2008.  (Aegis
Bankruptcy News, Issue No. 22; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


ASARCO LLC: Earns $40,664,000 in Month Ended April 30, 2008
-----------------------------------------------------------

                       ASARCO LLC, et al.
                          Balance Sheet
                      As of April 30, 2008

ASSETS
    Current Assets:
    Cash                                          $967,591,000
    Restricted Cash                                 25,583,000
    Accounts receivable, net                       189,943,000
    Inventory                                      314,066,000
    Prepaid expenses                                 4,858,000
    Other current assets                             8,040,000
                                                --------------
Total Current Assets                             1,510,081,000

Net property, plant and equipment                  505,734,000
Other Assets
    Investments in subs                            106,953,000
    Advances to affiliates                             295,000
    Prepaid pension & retirement plan                        0
    Non-current deferred tax asset                  40,951,000
    Other                                           80,347,000
                                                --------------
Total assets                                    $2,244,361,000
                                                ==============

LIABILITIES
    Postpetition liabilities:
    Accounts payable                               $72,250,000
    Accrued liabilities                            606,709,000
    Debtor-in-possession financing                           0
                                                --------------
Total postpetition liabilities                    678,960,000
Prepetition liabilities:
Not subject to compromise - credit                  3,567,000
Not subject to compromise - other                  62,922,000
Advances from affiliates                           24,801,000
Subject to compromise                           1,722,893,000
                                                --------------
Total prepetition liabilities                   1,814,183,000
                                                --------------
Total liabilities                              $2,493,143,000
                                                ==============
OWNERS' EQUITY (DEFICIT)
Common stock                                      508,324,000
Additional paid-in capital                        104,578,000
Other comprehensive income                       (207,743,000)
Retained earnings: filing date                 (1,656,217,000)
                                                --------------
Total prepetition owners' equity               (1,251,059,000)
Retained earnings: post-filing date             1,002,277,000
                                                --------------
Total owners' equity (net worth)                 (248,781,000)

Total liabilities and owners' equity           $2,244,361,000
                                                ==============

                       ASARCO LLC, et al.
              Consolidated Statement of Operations
                   Month Ended April 30, 2008

Sales                                            $163,719,000
Cost of products and services                      94,969,000
                                                --------------
Gross profit                                       68,750,000

Operating expenses:
Selling and general & admin expenses                3,008,000
Depreciation & amortization                         2,951,000
Provision accretion expense of asset
    retirement obligation                              103,000
                                                --------------
Operating income                                   62,688,000

Interest expense                                       78,000
Interest income                                    (2,471,000)
Reorganization expenses                             6,424,000
Other miscellaneous (income) expenses              (8,280,000)
                                                --------------
Income (loss) before taxes                         66,937,000
Income taxes                                       26,273,000
                                                --------------
Net income (loss)                                 $40,664,000
                                                ==============

                       ASARCO LLC, et al.
           Consolidated Cash Receipts & Disbursements
                   Month Ended April 30, 2008

Receipts                                         $170,882,000
Disbursements:
Inventory material                                 30,940,000
Operating disbursements                           120,099,000
Capital expenditures                               11,756,000
                                                --------------
Total disbursements                               162,795,000

Operating cash flow                                 8,088,000
Reorganization disbursements                        5,291,000
                                                --------------
Net cash flow                                       2,797,000
Net payments to secured Lenders                             0
                                                --------------
Net change in cash                                  2,797,000
Beginning cash balance                            990,377,000
                                                --------------
Ending cash balances                             $993,174,000
                                                ==============

                          About ASARCO

Based in Tucson, Arizona, ASARCO LLC -- http://www.asarco.com/  
-- is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent.  The
Company filed for chapter 11 protection on Aug. 9, 2005 (Bankr.
S.D. Tex. Case No. 05-21207).  James R. Prince, Esq., Jack L.
Kinzie, Esq., and Eric A. Soderlund, Esq., at Baker Botts L.L.P.,
and Nathaniel Peter Holzer, Esq., Shelby A. Jordan, Esq., and
Harlin C. Womble, Esq., at Jordan, Hyden, Womble & Culbreth, P.C.,
represent the Debtor in its restructuring efforts.  Lehman
Brothers Inc. provides the ASARCO with financial advisory services
And investment banking services.  Paul M. Singer, Esq., James C.
McCarroll, Esq., and Derek J. Baker, Esq., at Reed Smith LLP give
legal advice to the Official Committee of Unsecured Creditors and
David J. Beckman at FTI Consulting, Inc., gives financial advisory
services to the Committee.  When the Debtor filed for protection
from its creditors, it listed $600 million in total assets and $1
billion in total debts.

The Debtor has five affiliates that filed for chapter 11
protection on April 11, 2005 (Bankr. S.D. Tex. Case Nos. 05-20521
through 05-20525).  They are Lac d'Amiante Du Quebec Ltee, CAPCO
Pipe Company, Inc., Cement Asbestos Products Company, Lake
Asbestos of Quebec, Ltd., and LAQ Canada, Ltd.  Details about
their asbestos-driven chapter 11 filings have appeared in the
Troubled Company Reporter since April 18, 2005.

Encycle/Texas, Inc. (Bankr. S.D. Tex. Case No. 05-21304), Encycle,
Inc., and ASARCO Consulting, Inc. (Bankr. S.D. Tex. Case No. 05-
21346) also filed for chapter 11 protection, and ASARCO has asked
that the three subsidiary cases be jointly administered with its
chapter 11 case.  On Oct. 24, 2005, Encycle/Texas' case was
converted to a Chapter 7 liquidation proceeding.  The Court
appointed Michael Boudloche as Encycle/Texas, Inc.'s Chapter 7
Trustee.  Michael B. Schmidt, Esq., and John Vardeman, Esq., at
Law Offices of Michael B. Schmidt represent the Chapter 7 Trustee.

ASARCO's affiliates, AR Sacaton LLC, Southern Peru Holdings LLC,
and ASARCO Exploration Company Inc., filed for Chapter 11
protection on Dec. 12, 2006 (Bankr. S.D. Tex. Case No. 06-20774 to
06-20776).

ASARCO and its debtor affiliates are scheduled to file a plan of
reorganization on June 10, 2008.   (ASARCO Bankruptcy News, Issue
No. 73; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


ATA AIRLINES: CRO Files Report for Period April 3 to 30, 2008  
-------------------------------------------------------------
ATA Airlines, Inc., Chief Restructuring Officer Steve Turoff
delivered to the Court on May 30, 2008, ATA's monthly operating
report for the period April 3 to 30, 2008.

For the month of April, Mr. Turoff disclosed, ATA had a cash
profit of $5,202,534 and $936,375 in total payables.

The total professional fees incurred by or on behalf of the
Debtor during the reporting period is $1,065,682, of which
$1,054,073 was incurred related to
bankruptcy.                                                                                

                        ATA Airlines, Inc.
                    Receipts and Disbursements
                    Month Ended April 30, 2008

RECEIPTS:
   Military                                        $7,174,621
   Charter                                            714,915
   Scheduled Service
     US Bank                                                -
     Amex                                                   0
     Discover                                          75,555
     Diner's Club                                           -
     Other Scheduled Service                           70,013
   Asset Sales--Inventory                                   -
   Asset Sales--Ground Equipment                            -
   Asset Sales--Rotables                                    -
   Return of Deposits/Prepaids                              -       
   Cash Collateral/LOCs                                21,584
   Interest                                           119,747
   Miscellaneous                                      602,698
                                                 ------------
   Total                                           $8,779,134
                                                 ============   

DISBURSEMENTS:
   Base Payroll Inc. All Taxes                     $1,577,575
   Stay Bonus                                               -
   Benefits                                           158,833
   Employee Expense Payments                           15,382
   Facilities                                         196,585
   Utilities/Communications                           103,810
   Contract Labor                                           -
   Professionals                                            -
   Professional Fees--Ordinary Course                  20,000
   US Trustee                                               -
   Aircraft Ferry Cost                                375,877         
   Engine Changes/Certificate Mx                      328,061          
   Insurance--D&O/Misc.                                     -
   Health Insurance Run-off Reserve                 1,000,000          
   Cobra Reserve                                      300,000        
   Security                                                 -
   Shipping/Cargo                                      21,290          
   Returned Checks                                   (553,670)
   Miscellaneous                                       32,856
                                                 ------------
   Total                                           $3,576,600
                                                 ============

Beginning Balance                                 $23,593,408
Receipts                                            8,779,134     
Disbursements                                      (3,576,600)     
                                                 ------------
Ending Balance                                    $28,795,942
                                                 ============

                      About ATA Airlines

Headquartered in Indianapolis, Indiana, ATA Airlines, Inc., is a
diversified passenger airline operating in two principal business
lines -- a low cost carrier providing scheduled passenger service
that leverages a code share agreement with Southwest Airlines; and
a charter operator that focused primarily on providing charter
service to the U.S. government and military.  ATA is a wholly
owned subsidiary of New ATA  Acquisition, Inc. -- a wholly owned
subsidiary of New ATA Investment, Inc., which in turn, is a wholly
owned subsidiary of Global Aero Logistics Inc.  ATA Acquisition
also owns another holding company subsidiary, World Air Holdings,
Inc., which it acquired through merger on August 14, 2007.  World
Air Holdings owns and operates two other airlines, North American
Airlines and World Airways.

ATA Airlines and its affiliates filed for chapter 11 protection on
Oct. 26, 2004 (Bankr. S.D. Ind. Case Nos. 04-19866, 04-19868
through 04-19874).  The Honorable Basil H. Lorch III confirmed the
Debtors' plan of reorganization on Jan. 31, 2006.  The Debtors'
emerged from bankruptcy on Feb. 28, 2006.

Global Aero Logistics acquired certain of ATA's operations after
its first bankruptcy.  The remaining ATA affiliates that were not
substantively consolidated in the company's first bankruptcy case
were sold or otherwise liquidated.

ATA Airlines filed for Chapter 22 on April 2 (Bankr. S.D. Ind.
Case No. 08-03675), citing the unexpected cancellation of a key
contract for ATA's military charter business, which made it
impossible for ATA to obtain additional capital to sustain its
operations or restructure the business.  ATA discontinued all
operations subsequent to the bankruptcy filing.  ATA's Chapter 22
bankruptcy petition lists assets and liabilities each in the range
of $100 million to $500 million.

The Debtor is represented in its Chapter 22 case by Haynes and
Boone, LLP, and Baker & Daniels, LLP, as bankruptcy counsel.

The United States Trustee for Region 10 appointed five members to
the Official Committee of Unsecured Creditors.  Otterbourg,
Steindler, Houston & Rosen, P.C., serves as bankruptcy counsel to
the Committee.  FTI Consulting, Inc., acts as the panel's
financial advisors.

The Debtors' exclusive period to file a plan expires on July 31,
2008.  (ATA Airlines Bankruptcy News, Issue No. 83; Bankruptcy
Creditors' Services Inc. http://bankrupt.com/newsstand/or  
215/945-7000).


BLUE WATER: BWP Mexico Submits March 2008 Operating Report
----------------------------------------------------------
Blue Water Automotive Systems, Inc. and its debtor-affiliates
filed with the U.S. Bankruptcy Court for the Eastern District
of Michigan their monthly operating reports detailing the
balance sheets as of March 30, 2008, of Blue Water Automotive
Systems Properties, L.L.C., Blue Water Plastics Mexico, Ltd.,
B.W.A.S. Mexico, L.L.C., and B.W.A.S. Holdings, Inc.

                  Blue Water Plastics Mexico, Ltd.
                      Unaudited Balance Sheet
                       As of March 30, 2008

ASSETS:
Cash                                                           -
Inventory                                                      -
Accounts Receivable                                         ($25)
Insider Receivables                                            -
Land and Buildings                                             -
Furniture, Fixtures & Equipment                                -
Accumulated Depreciation                                       -
Other: Current Assets                                  1,640,857
Other: Long Term Assets                                        -
                                                    ------------
TOTAL ASSETS                                          $1,640,832
                                                    ============
LIABILITIES:
Postpetition Liabilities:                                      -
Accounts Payable                                               -
Rent and Lease Payable                                         -
Wages and Salaries                                             -
Taxes Payable                                                  -
Other:                                                         -
                                                    ------------
     Total Postpetition Liabilities                            -

Secured Liabilities:
Subject to Postpetition Collateral or DIP Order                -
All Other Secured Liabilities                        $14,776,790
                                                    ------------
     Total Secured Liabilities                        14,776,790

Prepetition Liabilities:
Taxes and Other Priority Liabilities                           -
Unsecured Liabilities:                                         -
Other:                                                         -
                                                    ------------
     Total Prepetition Liabilities                             -

EQUITY:
Owners Capital                                         2,110,000
Retained Earnings - Prepetition                         (469,168)
Retained Earnings - Postpetition                               -

    Total Equity:                                      1,640,832
                                                    ------------
TOTAL LIABILITIES AND EQUITY                          $1,640,832
                                                    ============

Blue Water Automotive Holdings, Inc., and BWAS Mexico, LLC,
recorded $0 as total assets and liabilities and equity as of
March 30, 2008.

                  About Blue Water Automotive

Blue Water Automotive Systems, Inc. designs and manufactures
engineered thermoplastic components and assemblies for the
automotive industry.  The company's product categories include
airflow management, full interior trim/sub-systems, functional
plastic components, and value-added assemblies.  They are
supported by full-service design, program management,
manufacturing and tooling capabilities.  With more than 1,400
employees, Blue Water operates eight manufacturing and product
development facilities and has annual revenues of approximately
US$200 million.  The company's headquarters and technology
center is located in Marysville, Mich.  The company has
operations in Mexico.

In 2005, KPS Special Situations Fund II, L.P., and KPS Special
Situations Fund II(A), L.P., acquired Blue Water Automotive
through a stock purchase transaction.  In 2006, the company
acquired the automotive assets and operations of Injectronics,
Inc., a manufacturer of thermoplastic injection molded
components and assemblies.  KPS then set about reorganizing the
company.  The company implemented a program to improve operating
performance and address its liquidity issues.  During 2007, the
company replaced senior management, closed two facilities, and
reduced overhead spending by one third.

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008, before the United States
Bankruptcy Court Eastern District of Michigan (Detroit) (Case
No. 08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at
Foley & Lardner, LLP, serves as the Debtors' bankruptcy counsel.  
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of $100 million
to $500 million.

The Debtors filed their Liquidation Plan on May 9, 2008.  The Plan
contemplates a sale of substantially all of the Debtors' assets
and equity interests, except for a piece of real property located
at Yankee Road, in St. Clair, Michigan, on or before June 30,
2008.  The Court will hold a hearing June 18, 2008, to consider
confirmation of the Plan.  (Blue Water Automotive Bankruptcy News,
Issue No. 18, Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


BLUE WATER: BWP Mexico Submits April 2008 Operating Report
----------------------------------------------------------
Blue Water Automotive Systems, Inc. and its debtor-affiliates
filed with the U.S. Bankruptcy Court for the Eastern District
of Michigan their monthly operating reports detailing the
balance sheets as of March 30, 2008, of Blue Water Automotive
Systems Properties, L.L.C., Blue Water Plastics Mexico, Ltd.,
B.W.A.S. Mexico, L.L.C., and B.W.A.S. Holdings, Inc.

                   Blue Water Plastics Mexico, Ltd.
                      Unaudited Balance Sheet
                       As of April 27, 2008

ASSETS:
Cash                                                           -
Inventory                                                      -
Accounts Receivable                                         ($25)
Insider Receivables                                            -
Land and Buildings                                             -
Furniture, Fixtures & Equipment                                -
Accumulated Depreciation                                       -
Other: Current Assets                                  1,640,857
Other: Long Term Assets                                        -
                                                    ------------
TOTAL ASSETS                                          $1,640,832
                                                    ============
LIABILITIES:
Postpetition Liabilities:                                      -
Accounts Payable                                               -
Rent and Lease Payable                                         -
Wages and Salaries                                             -
Taxes Payable                                                  -
Other:                                                         -
                                                    ------------
     Total Postpetition Liabilities                            -

Secured Liabilities:
Subject to Postpetition Collateral or DIP Order                -
All Other Secured Liabilities                                  -
                                                    ------------
     Total Secured Liabilities                                 -

Prepetition Liabilities:
Taxes and Other Priority Liabilities                           -
Unsecured Liabilities:                                         -
Other:                                                         -
                                                    ------------
     Total Prepetition Liabilities                             -

EQUITY:
Owners Capital                                         2,110,000
Retained Earnings - Prepetition                         (469,168)
Retained Earnings - Postpetition                               -

    Total Equity:                                      1,640,832
                                                    ------------
TOTAL LIABILITIES AND EQUITY                          $1,640,832
                                                    ============


Blue Water Plastics Mexico, Blue Water Mexico and BWAS Holdings
posted $0 in revenues, assets and liabilities as of
April 27, 2008.

                  About Blue Water Automotive

Blue Water Automotive Systems, Inc. designs and manufactures
engineered thermoplastic components and assemblies for the
automotive industry.  The company's product categories include
airflow management, full interior trim/sub-systems, functional
plastic components, and value-added assemblies.  They are
supported by full-service design, program management,
manufacturing and tooling capabilities.  With more than 1,400
employees, Blue Water operates eight manufacturing and product
development facilities and has annual revenues of approximately
US$200 million.  The company's headquarters and technology
center is located in Marysville, Mich.  The company has
operations in Mexico.

In 2005, KPS Special Situations Fund II, L.P., and KPS Special
Situations Fund II(A), L.P., acquired Blue Water Automotive
through a stock purchase transaction.  In 2006, the company
acquired the automotive assets and operations of Injectronics,
Inc., a manufacturer of thermoplastic injection molded
components and assemblies.  KPS then set about reorganizing the
company.  The company implemented a program to improve operating
performance and address its liquidity issues.  During 2007, the
company replaced senior management, closed two facilities, and
reduced overhead spending by one third.

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008, before the United States
Bankruptcy Court Eastern District of Michigan (Detroit) (Case
No. 08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at
Foley & Lardner, LLP, serves as the Debtors' bankruptcy counsel.  
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of $100 million
to $500 million.

The Debtors filed their Liquidation Plan on May 9, 2008.  The Plan
contemplates a sale of substantially all of the Debtors' assets
and equity interests, except for a piece of real property located
at Yankee Road, in St. Clair, Michigan, on or before June 30,
2008.  The Court will hold a hearing June 18, 2008, to consider
confirmation of the Plan.  (Blue Water Automotive Bankruptcy News,
Issue No. 18, Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


BLUE WATER: BWASP Submits March 2008 Monthly Operating Report
-------------------------------------------------------------
Blue Water Automotive Systems, Inc. and its debtor-affiliates
filed with the U.S. Bankruptcy Court for the Eastern District
of Michigan their monthly operating reports detailing the
balance sheets as of March 30, 2008, of Blue Water Automotive
Systems Properties, L.L.C., Blue Water Plastics Mexico, Ltd.,
B.W.A.S. Mexico, L.L.C., and B.W.A.S. Holdings, Inc.

            Blue Water Automotive Systems Properties, L.L.C.
                     Unaudited Balance Sheet
                      As of March 30, 2008

ASSETS:
Cash                                                           -
Inventory                                                      -
Accounts Receivable                                            -
Insider Receivables                                            -
Land and Buildings                                   $27,459,896
Furniture, Fixtures & Equipment                                -
Accumulated Depreciation                              (2,930,669)
Other: Current Assets                                    464,250
Other: Long Term Assets
                                                    ------------
TOTAL ASSETS                                         $24,993,477
                                                    ============
LIABILITIES:
Postpetition Liabilities:                                      -
Accounts Payable                                               -
Rent and Lease Payable                                         -
Wages and Salaries                                             -
Taxes Payable                                                  -
Other:                                                  $109,392
                                                    ------------
     Total Postpetition Liabilities                      109,392

Secured Liabilities:
Subject to Postpetition Collateral or DIP Order
All Other Secured Liabilities                         14,776,790
                                                    ------------
     Total Secured Liabilities                        14,776,790

Prepetition Liabilities:
Taxes and Other Priority Liabilities                           -
Unsecured Liabilities:                                         -
Other:                                                12,079,643
                                                    ------------
     Total Prepetition Liabilities                    12,079,643

EQUITY:
Owners Capital                                                 -
Retained Earnings - Prepetition                       (1,678,107)
Retained Earnings - Postpetition                        (294,241)

    Total Equity:                                     (1,972,348)
                                                    ------------
TOTAL LIABILITIES AND EQUITY                         $24,993,477
                                                    ============

                  About Blue Water Automotive

Blue Water Automotive Systems, Inc. designs and manufactures
engineered thermoplastic components and assemblies for the
automotive industry.  The company's product categories include
airflow management, full interior trim/sub-systems, functional
plastic components, and value-added assemblies.  They are
supported by full-service design, program management,
manufacturing and tooling capabilities.  With more than 1,400
employees, Blue Water operates eight manufacturing and product
development facilities and has annual revenues of approximately
US$200 million.  The company's headquarters and technology
center is located in Marysville, Mich.  The company has
operations in Mexico.

In 2005, KPS Special Situations Fund II, L.P., and KPS Special
Situations Fund II(A), L.P., acquired Blue Water Automotive
through a stock purchase transaction.  In 2006, the company
acquired the automotive assets and operations of Injectronics,
Inc., a manufacturer of thermoplastic injection molded
components and assemblies.  KPS then set about reorganizing the
company.  The company implemented a program to improve operating
performance and address its liquidity issues.  During 2007, the
company replaced senior management, closed two facilities, and
reduced overhead spending by one third.

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008, before the United States
Bankruptcy Court Eastern District of Michigan (Detroit) (Case
No. 08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at
Foley & Lardner, LLP, serves as the Debtors' bankruptcy counsel.  
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of $100 million
to $500 million.

The Debtors filed their Liquidation Plan on May 9, 2008.  The Plan
contemplates a sale of substantially all of the Debtors' assets
and equity interests, except for a piece of real property located
at Yankee Road, in St. Clair, Michigan, on or before June 30,
2008.  The Court will hold a hearing June 18, 2008, to consider
confirmation of the Plan.  (Blue Water Automotive Bankruptcy News,
Issue No. 18, Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


BLUE WATER: BWASP Submits April 2008 Monthly Operating Report
-------------------------------------------------------------
Blue Water Automotive Systems, Inc. and its debtor-affiliates
filed with the U.S. Bankruptcy Court for the Eastern District
of Michigan their monthly operating reports detailing the
balance sheets as of March 30, 2008, of Blue Water Automotive
Systems Properties, L.L.C., Blue Water Plastics Mexico, Ltd.,
B.W.A.S. Mexico, L.L.C., and B.W.A.S. Holdings, Inc.

           Blue Water Automotive Systems Properties, L.L.C.
                      Unaudited Balance Sheet
                       As of April 27, 2008

ASSETS:
Cash                                                           -
Inventory                                                      -
Accounts Receivable                                            -
Insider Receivables                                            -
Land and Buildings                                   $27,459,896
Furniture, Fixtures & Equipment                                -
Accumulated Depreciation                              (3,035,365)
Other: Current Assets                                    464,250
Other: Long Term Assets                                        -
                                                    ------------
TOTAL ASSETS                                         $24,888,781
                                                    ============
LIABILITIES:
Postpetition Liabilities:                                      -
Accounts Payable                                               -
Rent and Lease Payable                                         -
Wages and Salaries                                             -
Taxes Payable                                                  -
Other:                                                   215,081
                                                    ------------
     Total Postpetition Liabilities                      215,081

Secured Liabilities:
Subject to Postpetition Collateral or DIP Order                -
All Other Secured Liabilities                         14,776,790
                                                    ------------
     Total Secured Liabilities                        14,776,790

Prepetition Liabilities:
Taxes and Other Priority Liabilities                           -
Unsecured Liabilities:                                         -
Other:                                                11,945,925
                                                    ------------
     Total Prepetition Liabilities                    11,945,925

EQUITY:
Owners Capital                                                 -
Retained Earnings - Prepetition                       (1,678,107)
Retained Earnings - Postpetition                        (370,908)

    Total Equity:                                     (2,049,015)
                                                    ------------
TOTAL LIABILITIES AND EQUITY                         $24,888,781
                                                    ============

            Blue Water Automotive Systems Properties, LLC
                  Unaudited Operating Statement
                    Month Ended April 27, 2008

Total Revenue/Sales                                           $0
Cost of Sales                                            104,696
                                                    ------------
    Gross Profit                                        (104,696)

Expenses:
Officer compensation                                           -
Salary Expenses other Employees                                -
Employee Benefits & Pensions                                   -
Payroll Taxes                                                  -
Other Taxes                                                    -
Rent and Lease Expenses                                        -
Interest Expense                                         105,689
Insurance                                                      -
Automobile and Truck Expense                                   -
Utilities (gas, electric, phone)                               -
Depreciation                                                   -
Travel and Entertainment                                       -
Repairs and Maintenance dash                                   -
Advertising                                                    -
Supplies, Office Expense, etc                                  -
Other Specify: Legal                                           -
Other Specify: Misc                                            -
                                                    ------------
     Total Expenses                                      105,689
                                                    ------------
Net Operating Profit (Loss)                             (210,385)

Add: Non-Operating Income
        Interest Income                                        -
        Other Income                                     133,718

Less: Non Operating Expenses
         Professional Fees                                     -
         Other                                                 -
                                                    ------------
NET INCOME/(LOSS)                                       ($76,667)
                                                    ============

                  About Blue Water Automotive

Blue Water Automotive Systems, Inc. designs and manufactures
engineered thermoplastic components and assemblies for the
automotive industry.  The company's product categories include
airflow management, full interior trim/sub-systems, functional
plastic components, and value-added assemblies.  They are
supported by full-service design, program management,
manufacturing and tooling capabilities.  With more than 1,400
employees, Blue Water operates eight manufacturing and product
development facilities and has annual revenues of approximately
US$200 million.  The company's headquarters and technology
center is located in Marysville, Mich.  The company has
operations in Mexico.

In 2005, KPS Special Situations Fund II, L.P., and KPS Special
Situations Fund II(A), L.P., acquired Blue Water Automotive
through a stock purchase transaction.  In 2006, the company
acquired the automotive assets and operations of Injectronics,
Inc., a manufacturer of thermoplastic injection molded
components and assemblies.  KPS then set about reorganizing the
company.  The company implemented a program to improve operating
performance and address its liquidity issues.  During 2007, the
company replaced senior management, closed two facilities, and
reduced overhead spending by one third.

Blue Water Automotive and four affiliates filed for chapter 11
bankruptcy protection Feb. 12, 2008, before the United States
Bankruptcy Court Eastern District of Michigan (Detroit) (Case
No. 08-43196).  Judy O'Neill, Esq., and Frank DiCastri, Esq., at
Foley & Lardner, LLP, serves as the Debtors' bankruptcy counsel.  
Administar Services Group LLC acts as the Debtors' claims,
noticing, and balloting agent.  Blue Water's bankruptcy petition
lists assets and liabilities each in the range of $100 million
to $500 million.

The Debtors filed their Liquidation Plan on May 9, 2008.  The Plan
contemplates a sale of substantially all of the Debtors' assets
and equity interests, except for a piece of real property located
at Yankee Road, in St. Clair, Michigan, on or before June 30,
2008.  The Court will hold a hearing June 18, 2008, to consider
confirmation of the Plan.  (Blue Water Automotive Bankruptcy News,
Issue No. 18, Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


BOMBAY COMPANY: Incurs $237,870 Net Loss in March 2008
------------------------------------------------------
The Bombay Company Inc. and its debtor-affiliates filed their
monthly operating report for March 2008.

The Debtors had total assets of $34,373,692, total liabilities
of $32,288,989, and total stockholders' equity of $2,084,703 as
of March 2008.

For the month, the Debtors generated zero revenues and incurred
a net loss of $237,870.

Cash at the beginning of the month was $5,483,737, and cash at
the end of the month was $7,645,341.

A full-text copy of the Debtors' March 2008 monthly operating
report is available for free at:

               http://ResearchArchives.com/t/s?2d6c

                       About Bombay Company

Based in Fort Worth, Texas, The Bombay Company Inc., (OTC
Bulletin Board: BBAO) -- http://www.bombaycompany.com/-- designs,
sources and markets a unique line of home accessories, wall d,cor
and furniture through 384 retail outlets and the Internet in the
U.S. and internationally, including Cayman Islands.

The company and five of its debtor-affiliates filed for Chapter 11
protection on Sept. 20, 2007 (Bankr. N.D. Tex. Lead Case No.
07-44084).  Robert D. Albergotti, Esq., John D. Penn, Esq., Ian T.
Peck, Esq., and Jason B. Binford, Esq., at Haynes and Boone, LLP,
represent the Debtors.  The U.S. Trustee for Region 6 apppionted
seven creditors to serve on an Official Committee of Unsecured
Creditor.  Attorneys at Cooley, Godward, Kronish LLP act as
counsel for the Official Committee of Unsecured Creditors.  As
of May 5, 2007, the Debtors listed total assets of $239,400,000
and total debts of $173,400,000.

The Debtors filed their joint plan of of reorganization and
accompanying disclosure statement on May 29, 2008.  The Court
will convene a hearing on July 2, 2008, to consider the adequacy
of the Debtors' disclosure statement.


CATHOLIC CHURCH: Fairbanks Files April 2008 Operating Report
------------------------------------------------------------

               Catholic Bishop of Northern Alaska
                 Statement of Financial Position
                      As of April 30, 2008

                                              CBNA      Held for
ASSETS                                       Total       Others
                                             -----      --------
Cash and cash equivalents                 $348,873      $118,758
Investments:
   Valuables in safe                           168             -
   Trust account @ market                2,022,767             -
   457 Plan assets @ market                      -       216,385
   Endowment Fund @ market                       -    14,880,815
   Endowment Fund-earnings @ market        369,031             -
   Stocks                                        -             -
   Limited partnerships                    261,324             -
Accounts receivable, net of allowance:
   Tuition, fees and others                213,761             -
   For parishes and school                  50,873             -
   Other                                     1,797             -
Notes and other receivables                 72,342             -
Grants pledged                             125,000             -
Fixed assets, net at cost:
   Land and building                     8,057,814             -
   Aircraft                                340,726             -
   Equipment                                     -             -
Other assets                                85,679             -
                                        ----------    ----------
Total Assets                           $11,950,162   $15,215,959

LIABILITIES AND NET ASSETS

Liabilities:
Accounts payable/accrued liabilities      $183,528             -
Notes payable                              209,478             -
Benefits payable                            88,949             -
Deferred revenue                           203,739             -
Annuities payable                          201,169             -
Other liabilities                           20,000             -
Payroll-related liabilities:
   Payroll taxes                            56,620             -
   General vacation accrual account         16,339             -
   Accrued leave                           261,860             -
Insurance:
   Long term disability                        425             -
   Insurance deposits A/R                  133,197             -
   Insurance reserves expense               36,819             -
   Indemnity insurance reserves                102             -
   Medical/Dental payroll deduction        237,871             -
CBNA building loan                               -             -
                                        ----------    ----------
   Total Liabilities                     1,650,103             -
                                        ----------    ----------
Total net assets                        10,300,059    15,215,959
                                        ----------    ----------
   Total Liabilities and Net Assets    $11,950,162   $15,215,959
                                        ==========    ==========

               Catholic Bishop of Northern Alaska
                     Statement of Activities
               For the month ending April 30, 2008

                                              CBNA      Held for
                                             Total       Others
                                             -----      --------
Support and revenue:
   Parish assessments                      $31,575             -
   Tuition, net of tuition assistance      173,811             -
   Curricular income                         2,355             -
   Donations                               537,727       $29,861
   Investment income                       375,305        62,770
   Other income                             15,777             -
                                        ----------    ----------
   Total support and revenue             1,136,551        92,631

Expenses:
   Operating expenses                       66,251             -
   Supplies                                 25,010             -
   Repair & Maintenance                     14,005             -
   Utilities                                44,771             -
   Insurance                                13,885             -
   Staff Expenses:
      Salaries & Wages                     372,554             -
      Payroll Taxes                         30,373             -
      Employee Benefits                    103,330             -
      Staff Development/Misc.                  535             -
   Curricular Expenses                       9,934             -
   Recruiting, advertising and PRs           1,736             -
   Travel Expenses                          34,454             -
   Student related expenses                  3,286             -
   Contributions                                30             -
   Professional and technical fees          24,114             -
   Interest Expense                          3,404             -
   Subsidies                                20,800             -
   Rental/Lease Expense                     35,858             -
   Assessments                               2,227             -
   Fund Raising Expense                        158             -
   Radio Programming Expense                 2,620             -
   Radio Technical Dept. Expenses            4,978             -
   Miscellaneous Expense                    10,097             -
                                        ----------    ----------
   Total General                           824,418             -

   Funds released from restricted funds          -             -
   Net change in designated funds                -             -
                                        ----------    ----------
   Total Expenses                          824,418             -
                                        ----------    ----------
Increase (decrease) in net assets          312,133        92,631
                                        ----------    ----------

Net assets:
   Beginning of month                    9,987,925             -
                                        ----------    ----------
   End of month                        $10,300,059       $92,631
                                        ==========    ==========

               Catholic Bishop of Northern Alaska
                 Cash Receipts and Disbursements
               For the month ending April 30, 2008

                                              CBNA      Held for
                                             Total       Others
                                             -----      --------
Beginning balance - February 2008         $409,155       $77,681

Total receipts - prior general
   account reports                         703,115       121,471
Less total disbursements                   853,259       100,997
                                        ----------    ----------
Beginning balance - March 31, 2008         259,012        98,155

Receipts during current period:
   Transfers from KNOM-WF checking               -             -
   Transfer from CBNA to CSF-donations      21,882             -
   Funds collected from others                   -       157,233
   Transfers between internal accounts     103,810             -
   Accounts receivable - pre-filing        189,906             -
   Accounts receivable - post filing        11,077             -
   Proceeds from sale of stocks             91,000             -
   Custodial funds                               -        18,475
   Funds received by CBNA from KNOM         58,267             -
   Funds received from Catholic Schools     40,253             -
   Annual Catholic Schools Appeal               26             -
   Interest & dividends                      2,555             -
   Donations                               467,967             -
   Weather service income                      150             -
   Restricted funds                         38,341             -
   Tribunal income                             675             -
   Programs                                  2,100             -
   Co-curricular income                      1,253             -
   Curricular income                           265             -
   Parish assessments                       31,573             -
   Miscellaneous                             4,544             -
                                        ----------    ----------
Total receipts this period               1,065,650       175,708
                                        ----------    ----------
Balance                                  1,324,662       273,864

Less total disbursements:
   Transfers from KNOM to CBNA              58,267            -
   Transfers to Catholic Schools            21,882            -
   Transfers to CBNA from CSF               40,253            -
   Transfers between internal accounts     103,810            -
   Prepetition debt paid                     9,034            -
   Custodial funds                               -            -
   Co-curricular expense                       906       34,699
   Curricular expense                        5,208            -
   Funds disbursed for others                    -       86,691
   Bank fees and charges                    19,459            -
   Interest Expense                          3,324            -
   Programming - News service                    -            -
   Wages & salaries                        338,682            -
   Employee benefits                       139,067            -
   Medical & dental insurance                    -            -
   Mission & program support                23,027            -
   Equipment & supplies                     20,179            -
   Telephone/Internet                        5,502            -
   Music license fee                             -            -
   Staff development                         2,007            -
   Utilities                                41,482            -
   Services & insurance                    129,975            -
   Dues/fees                                   275            -
   Volunteer expense                         3,577            -
   Maintenance/repairs                      18,453            -
   Office & other supplies                   4,167            -
   Miscellaneous                             1,566            -
   School supplies                           1,503            -
   Travel                                    2,222            -
   NSF's                                       126            -
   Postage                                   8,964            -
   Professional fees                           390            -
   News service                              1,307            -
   U.S. Trustee fees                         4,875            -
                                        ----------    ----------   
Total disbursements this period          1,009,503       121,390
                                        ----------    ----------
Ending balance - April 30, 2008            315,158       152,473

Plus - Petty cash                                -             -
                                        ----------    ----------
Ending balance - April 30, 2008***        $315,158      $159,757
                                        ==========    ==========

*** The Diocese of Fairbanks reports ending balance of $159,757
    in its cash and disbursements for properties held for others.
    However, actual computation shows that the ending balance is    
    $152,473.

                    About Diocese of Fairbanks

The Roman Catholic Diocese of Fairbanks in Alaska, aka Catholic
Bishop of Northern Alaska, aka Catholic Diocese of Fairbanks, aka
The Diocese of Fairbanks, aka CBNA filed for chapter 11 bankruptcy
on March 1, 2008 (Bankr. D. Alaska Case No. 08-00110).  Susan G.
Boswell, Esq., at Quarles & Brady LLP represents the Debtor in its
restructuring efforts.  Michael R. Mills, Esq., of Dorsey &
Whitney LLP serves as the Debtor's local counsel and Cook,
Schuhmann & Groseclose Inc. as its special counsel.  Judge Donald
MacDonald, IV, of the United States Bankruptcy Court for the
District of Alaska presides over Fairbanks' Chapter 11 case.  The
Debtor's schedules show total assets of $13,316,864 and total
liabilities of $1,838,719.   The church's exclusive plan filing
period expires on June 29, 2008.  (Catholic Church Bankruptcy
News, Issue No. 126; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


CATHOLIC CHURCH: Davenport Files April 2008 Operating Report
------------------------------------------------------------

                  Diocese of Davenport in Iowa
                 Statement of Financial Position
                      As of April 30, 2008

ASSETS

Current Assets
   Cash and cash equivalents - unrestricted           $5,007,595
   Cash and cash equivalents - restricted              2,430,023
   Accounts receivable, net                               49,303
   Inventory                                                   -
   Prepaid expenses                                        2,212
   Professional retainers                                 55,652
   Other: Assets Waiting Disposition                     618,534
   Misc                                                       82
                                                  --------------
Total Current Assets                                   8,163,400
                                                  --------------
Property and Equipment
   Real Property                                           3,000
   Machinery and equipment                                 6,000
   Furniture and fixtures                                  8,914
   Office equipment                                       59,500
   Leasehold improvements                                      -
   Vehicles                                               45,460
                                                  --------------
Total Property and Equipment                             122,874
                                                  --------------
Total Assets                                          $8,286,274
                                                  ==============

LIABILITIES AND NET ASSETS

Postpetition
   Current Liabilities:
      Salaries and wages                                       -
      Payroll taxes                                            -
      Real and personal property taxes                         -
      Income taxes                                             -
      Sales taxes                                              -
      Notes payable, short term                                -
      Accounts payable, trade                            $56,173
            Real property lease arrearage                      -
            Personal property lease arrearage                  -
      Accrued professional fees                                -
      Current portion of long-term debt                        -
      other:                                                   -
         Pass-through collections                        105,251
         Additional Accrued Vacations                      5,574
         Misc                                                  -
                                                  --------------
   Total Current Liabilities                             166,998
                                                  --------------
   Long-Term Postpetition Debt, Net                            -
                                                  --------------
   Total Postpetition Liabilities                        166,998
                                                  --------------
   Prepetition
      Secured claims                                           -
      Priority unsecured claims                          159,388
      General unsecured claims                        13,554,891
                                                  --------------
   Total Prepetition Liabilities                      13,714,279
                                                  --------------
     Total Liabilities                                13,881,277
                                                  --------------
Equity (deficit):
   Retained earnings/(deficit) at filing               5,855,424
   Capital stock                                               -
   Additional paid-in capital                                  -
   Cumulative profit/loss since filing               (11,472,554)
   Post-petition contributions/distributions
      or draws                                                 -
   Market value adjustment                                22,128
                                                  --------------
   Total equity (deficit)                             (5,595,003)
                                                  --------------
Total liabilities & equity (deficit)                  $8,286,274
                                                  ==============

                   Diocese of Davenport in Iowa
                     Statement of Operations
                For the month ending April 30, 2008

Revenues
   Gross sales                                              $800
   Less: sales returns & allowances                            -
   Net sales                                                 800
   Less: cost of goods sold                                    -
   Gross profit                                              800
   Interest                                                1,630
   Other income:
      Charitable gifts                                   232,668
      Insurance receipts                                 157,318
      Investment income (loss)/fees                       32,014
                                                  --------------
   Total revenues                                        424,430
                                                  --------------
Expenses:
   Compensation to owner(s)/officer(s)                    12,209
   Salaries                                              110,607
   Commissions                                                 -
   Contract labor                                          7,869
   Rent/Lease:                                                 -
      Personal property                                    1,908
      Real property                                            -
   Insurance                                              43,700
   Management fees                                             -
   Depreciation                                            2,105
   Taxes:
      Employer payroll taxes                               7,025
      Real property taxes                                      -
      Other taxes                                              -
   Other selling                                               -
   Other administrativ                                   105,866
   Interest                                                    -
   Other expenses:
      Employee benefits                                   22,092
      Charity collection                                     980
      Medical assistance/Victim assistance                 1,114
      Utilities                                           14,469
      Transfer to unrestricted                                 -
      Professional fees                                      591
      Sabbatical                                               -
      Cemetery perpetual care                                  -
      Youth trip expenses                                      -
                                                  --------------
         Total expenses                                  330,535
                                                  --------------
   Reorganization items:
      Professional fees                                        -
      Estimate of claims payments                              -
      Interest earned on accumulated cash
         from resulting Chapter 11 case                   12,177
      Gain or (Loss) from sale of equipment                    -
             U.S. Trustee quarterly fees                  (6,500)
      Advertising/printing/mailing                             -
                                                  --------------
         Total reorganization items                        5,677
                                                  --------------
Net profit (loss) before federal &
   state taxes                                            99,573
   Federal & state income taxes                                -
                                                  --------------
Net profit (loss)                                        $99,573
                                                  ==============

                   Diocese of Davenport in Iowa
           Statement of Cash Receipts and Disbursements
             For the month ending April 30, 2008

Cash receipts
   Rent/Leases collected                                  $4,345
   Cash received from sales                                  800
   Interest received                                      13,807
   Borrowings increase in accounts payable                     -
   Funds from shareholders, partners,
      or other insiders (Sale of property)                     -
   Capital contributions                                       -
   Annual diocesan appeal/donations                      232,668
   Investment income/misc.                                     -
   Insurance receipts                                    157,318
   Tribunal/Immigration/Faith Formation fees/
      Investment gains/(losses)                           27,669
   Decrease in prepaids/accounts receivable               48,220
   Misc./Increase in accounts payable                          -
                                                  --------------
   Total Cash Receipts                                   484,827

Cash disbursements:
   Payments for inventory                                      -
   Selling                                                     -
   Administrative                                        121,806
   Capital expenditures                                        -
   Principal payments on de                                    -
   Interest paid                                               -
   Rent/Lease:
      Personal Prope                                       1,908
      Real Proper                                              -
   Amount paid to owner(s)/officer(s)
      Salaries                                            12,209
      Draws                                                    -
      Commissions/Royalties                                    -
      Expense Reimbursements                                   -
      Other                                                    -
   Salaries/Commissions (less employee
      withholding                                         86,811
   Management fees                                             -
   Taxes
      Employee withholding                                23,796
      Employer payroll taxes                               7,025
      Real property taxes                                      -
      Other taxes                                              -
   Other cash outflows
      Insurance                                           43,700
      Utilities                                           14,469
      Medical Assistance                                   1,114
      Employee benefits                                   22,091
      Misc                                                36,409
                                                  --------------
   Total Cash Disbursements                              371,338
                                                  --------------
Net increase (decrease) in cash                          113,489

Cash balance, beginning of period                      1,936,693
                                                  --------------
Cash balance, end of period                           $2,050,182
                                                  ==============

                    About Diocese of Davenport

The Diocese of Davenport in Iowa filed for chapter 11 protection
(Bankr. S.D. Ia. Case No. 06-02229) on Oct. 10, 2006.  Richard A.
Davidson, Esq., at Lane & Waterman LLP, represents the Davenport
Diocese in its restructuring efforts.  Hamid R. Rafatjoo, Esq.,
and Gillian M. Brown, Esq., at Pachulski Stang Zhiel Young Jones &
Weintraub LLP represent the Official Committee of Unsecured
Creditors.  In its schedules of assets and liabilities, the
Davenport Diocese reported $4,492,809 in assets and $1,650,439 in
liabilities.  The Court approved on April 3, 2008, the Diocese of
Davenport's second amended disclosure statement explaining its
joint plan of reorganization.  The Committee is a proponent to the
plan, which was confirmed on April 30, 2008.  (Catholic Church
Bankruptcy News, Issue No. 126; Bankruptcy Creditors' Service
Inc.; http://bankrupt.com/newsstand/or 215/945-7000).


FEDDERS CORPORATION: Posts Net Loss of $5,730,000 in March 2008
---------------------------------------------------------------
Fedders Corporation and its debtor-affiliates submitted their
monthly operating report for the period ended March 31, 2008.

The Debtors generated consolidated gross sales of $2,287,000 and
incurred consolidated net loss of $5,730,000 for the month.

As of March 31, 2008, the Debtors' consolidated balance sheet
showed total assets of $108,280,000, total liabilities of
$318,982,000, and total stockholders' deficit of $210,702,000.

A full-text copy of the Debtors' March 2008 monthly operating
report is available for free at:

              http://ResearchArchives.com/t/s?2d70

                    About Fedders Corporation

Based in Liberty Corner, New Jersey, Fedders Corporation --
http://www.fedders.com/-- manufactures and markets air
treatment products, including air conditioners, air cleaners,
dehumidifiers, and humidifiers.  The company has production
facilities in the United States in Illinois, North Carolina, New
Mexico, and Texas and international production facilities in the
Philippines, China and India.

The company and several affiliates filed for Chapter 11 protection
on Aug. 22, 2007, (Bankr. D. Del. Lead Case No. 07-11182).  The
law firm of Cole, Schotz, Meisel, Forman & Leonard P.A.; and
Norman L. Pernick, Esq., Irving E. Walker, Esq., and Adam H.
Isenberg, Esq., at Saul Ewing LLP, represent the Debtors in their
restructuring efforts.  The Debtors have selected Logan & Company
Inc. as claims and noticing agent.  The Official Committee of
Unsecured Creditors is represented by Brown Rudnick Berlack
Israels LLP.  When the Debtors filed for protection from its
creditors, it listed total assets of $186,300,000 and total debts
of $322,000,000.

The Debtors' exclusive plan filing period expired on May 31, 2008.
They've asked the Court to extend the period file a chapter 11
plan until June 14, 2008.


FORTUNOFF: Posts $248,266 Net Loss for Month Ended April 30, 2008
-----------------------------------------------------------------

                 Source Financing Corp./Fortunoff
                          Balance Sheet
                                                                                  
                                         As Of
                                       April 30,   Petition Date
                                         2008      or Scheduled
                                    -------------- ------------
                             ASSETS                              

Current assets:
   Unrestricted cash & equivalents     $3,306,860    $1,384,000
   Restricted Cash & Cash equivalents     990,867             -
   Accounts receivable                    937,428     3,111,000
   Inventories                                  -    95,568,000
   Prepaid expenses                             -     3,612,000
   Profesional Retainers                  255,627             -
   Other current assets                         -     6,332,000
                                     ------------  ------------
Total current assets                    5,490,422   110,007,000

Property & Equipment:
   Real property & improvements                 -             0
   Machinery & equipment                        -     5,915,000
   Furniture, fixtures, & office equip.         -    20,582,000
   Leashehold improvements                      -    28,251,000
   Vehicles                                     -             0
   Less:  Accumulated depreciation              -   (18,292,000)
                                     ------------  ------------
Total Property & Equipment                           36,456,000

Other Assets:
   Amounts due from insiders                                  0
   Other assets -- utility deposit                   86,179,000
                                                   ------------
Total other assets                                   86,179,000
                                     ------------  ------------
Total Assets                           $5,490,422  $232,642,000
                                     ============  ============

                   LIABILITIES & OWNER EQUITY

Liabilities Subject to Compromise
   (Postpetition):
   Accounts Payable                       $84,351             -
   Taxes Payable                                -             -
   Wages Payable                                -             -
   Notes Payable                                -             -
   Rent/Leases - Building Equipment        67,765             -
   Secured Debt                                 -             -
   Professional Fees                      840,108             -
   Amounts Due to Insider                       -             -
   Other Postpetition Liabilities         618,780             -
                                     ------------  ------------
Total Postpetition Liabilities          1,611,004             -

Liabilities Subject to Compromise
   (Prepetition):
   Secured debt (Term D Loan)          19,708,000   $88,565,000
   Priority debt (20-day claims)        9,023,482     9,023,482
   Unsecured debt                      98,171,687   183,346,518
                                     ------------  ------------
Total Prepetition Liabilities         126,903,169   280,935,000
                                     ------------  ------------
Total Liabilities                    $128,514,173   280,935,000

Owners' Equity:
   Capital stock                                     77,412,000
   Retained earnings, prepetition               -  (125,705,000)
   Retained earnings, postpetition              -             -
                                     ------------  ------------
Net Owners' Equity                              -   (48,293,000)
                                     ------------  ------------
Total Liabilities & Owners Equity               -  $232,642,000
                                     ============  ============

                 Source Financing Corp./Fortunoff
                     Statement of Operations
                    March 7 to April 30, 2008

Revenues:
   Gross Revenues, net                                        -

Cost of Goods Sold:
   Beginning inventory                                        -
   Purchases                                                  -
   Less:  Ending inventory                                    -
                                                   ------------
Cost of goods sold                                            -
                                                   ------------
Gross profit                                                  -

Operating Expenses:
   Advertising                                                -
   Bad debts                                                  -
   Employee benefits programs                         ($154,701)
   Officer/insider compensation                               -
   Insurance                                                  -
   Office expense                                             -
   Repairs & maintenance                                 54,959
   Rent & lease expense                                  14,796
   Salaries/commissions/fees                                  -
   Supplies                                             162,013
   Taxes - payroll                                            -
   Taxes - real estate                                        -
   Taxes - other                                          1,065
   Travel & entertainment                                15,480
   Others                                                92,295
                                                   ------------
Total operating expenses before depreciation            185,907
Depreciation/depletion/amortization                           -
                                                   ------------
Net profit before other income & expenses              (185,907)

Other Income & Expenses:
   Other income                                         240,888
   Interest expense                                           -
                                                   ------------
Net profit before reorganization items                   54,981

Reorganization Items:
   Professional fees                                    303,247
   U.S. Trustee quarterly fees                                -
                                                   ------------
Total reorganization expenses                           303,247
                                                   ------------
Net profit (loss)                                     ($248,266)
                                                   ============

                 Source Financing Corp./Fortunoff
              Schedule of Cash Receipts & Disbursement
                    March 7 to April 30, 2008

Cash - beginning of month                            $1,546,137

Receipts:
   Cash sales                                                 -
   Accounts Receivable, prepetition                      15,752
   Accounts Receivable, postpetition                  1,739,741
   Loans & advances                                           -
   Others                                               240,888
                                                   ------------
Total receipts                                        1,996,381

Disbursements:
   Net payroll                                           24,925
   Payroll taxes & 401k contributions                         -
   Sales, use, & other taxes                                  -
   Inventory purchases                                        -
   Insurance                                            116,965
   Others                                                93,768
   Professional fees                                          -
                                                   ------------
Total disbursements                                     235,658
                                                   ------------
Net cash flow                                         1,760,723
                                                   ------------
Cash - end of month                                  $3,306,860
                                                   ============

Substantially all of the assets of Fortunoff Fine Jewelry and
Silverware, L.L.C., and its affiliates, were sold on March 7,
2008, to NRDC Equity Partners LLC's H Acquisition LLC, now known
as Fortunoff Holdings LLC.

                         About Fortunoff

New York-based Fortunoff Fine Jewelry and Silverware LLC --
http://www.fortunoff.com/-- is a family owned business since       
1922 founded by by Max and Clara Fortunoff.  Fortunoff offers
customers fine jewelry and watches, antique jewelry and silver,
everything for the table, fine gifts, home furnishings including
bedroom and bath, fireplace furnishings, housewares, and seasonal
shops including outdoor furniture shop in summer and enchanting
Christmas Store in the winter.  It opened some 20 satellite
stores in the New Jersey, Long Island, Connecticut and
Pennsylvania markets featuring outdoor furniture and grills
during the Spring/Summer season and indoor furniture (and in some
locations Christmas trees and decor) in the Fall/Winter season.

Fortunoff and two affiliates, M. Fortunoff of Westbury LLC and
Source Financing Corp., filed for chapter 11 petition on Feb. 4,
2008 (Bankr. S.D.N.Y. Case Nos. 08-10353 through 08-10355) in
order to effectuate a sale to NRDC Equity Partners LLC, --
http://www.nrdcequity.com/-- a private equity firm that
bought          
Lord & Taylor from Federated Department Stores.   

Due to the U.S. Trustee's objection, Fortunoff is backing out of
its request to employ Skadden Arps Meagher & Flom LLC, as
bankruptcy counsel.  Fortunoff is hiring Togut Segal & Segal LLP,
as their general bankruptcy counsel, but Skadden Arps will
continue to serve the Debtors as special counsel in connection
with the sale the Debtors' assets.  Logan & Company, Inc., serves
as the Debtors' claims, noticing, and balloting agent.  FTI
Consulting Inc. are the Debtors' proposed crisis manager.

An Official Committee of Unsecured Creditors has been appointed in
this case.  Effective March 6, 2008, Morrison & Foerster LLP is
counsel to the Creditors Committee in substitution of Otterbourg  
Steidler Houston & Rosen PC.  Mahoney Cohen & Company, CPA, P.C.,
serves as financial advisor to the Creditors' Committee.

In their schedules, Fortunoff Fine Jewelry listed $5,052,315 total
assets and $136,626,948 total liabilities; Source Financing Corp.
listed $154,680,100 total assets and $176,961,631 total
liabilities; and M. Fortunoff of Westbury LLC listed $6,300,955
total assets and $119,985,788 total liabilities.  The Debtors'
exclusive period to file a plan of reorganization ends on June 3,
2008.  (Fortunoff Bankruptcy News, Issue No. 12; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or         
215/945-7000)


FRONTIER AIRLINES: Incurs April 2008 Net Loss of $16,460,000
------------------------------------------------------------

            FRONTIER AIRLINES HOLDINGS, INC., ET AL.
              Unaudited Consolidated Balance Sheet
                     As of April 30, 2008

                            ASSETS

CURRENT
ASSETS:                                                                          
   Cash and cash equivalents                         $99,788,000
   Short-term investments                              8,501,000
   Restricted investments                             91,686,000
   Receivable, net of an allowance for                                  
     doubtful accounts of $421                        56,756,000
   Security and other deposits                            75,000
   Prepaid expenses and other assets                  32,113,000
   Inventories, net of allowance of $490              15,457,000
   Assets held for sale                                1,150,000
                                                  --------------
Total current assets                                 305,526,000

Property and other equipment, net                    870,664,000
Security and other deposits                           25,314,000
Aircraft pre-delivery payments                        13,985,000
Restricted investments                                 2,845,000
Deferred loan expenses and other assets               38,902,000
                                                  --------------
Total Assets                                      $1,257,236,000
                                                  ==============

              LIABILITIES AND STOCKHOLDERS' DEFICIT

Liabilities not subject to compromise:

CURRENT LIABILITIES:       
   Accounts payable                                  $29,273,000
   Air traffic liability                             238,065,000
   Other accrued expenses                             68,060,000
   Deferred revenue and other current liabilities     18,380,000
                                                  ---------------
Total current liabilities
  not subject to compromise                          353,778,000

Deferred revenue and other liabilities                24,194,000
                                                  --------------
Total liabilities not subject to compromise          377,972,000

Liabilities subject to compromise                    751,135,000
                                                  --------------
Total Liabilities                                  1,129,107,000

STOCKHOLDERS' DEFICIT:
   Preferred stock                                             -
   Common stock                                           37,000
   Treasury stock, stated at cost                              -
   Additional paid-in capital                        195,984,000
   Unearned ESOP shares                                 (548,000)
   Other comprehensive loss                             (299,000)
   Accumulated deficit                               (67,045,000)
                                                  --------------
Total Stockholders' Equity                           128,129,000
                                                  ---------------
Total Liabilities and Stockholders' Equity        $1,257,236,000
                                                  ==============

             FRONTIER AIRLINES HOLDINGS, INC., ET AL.
          Unaudited Consolidated Statement of Operations
              For the period  April 11 to 30, 2008

Revenues:
   Passenger                                         $66,833,000
   Cargo                                                 322,000
   Other                                               1,914,000
                                                  --------------
Total revenues                                        69,069,000

Operating expenses:
   Flight operations                                  10,623,000
   Aircraft fuel                                      27,592,000
   Aircraft lease                                      6,563,000
   Aircraft and traffic servicing                     10,804,000
   Maintenance                                         4,632,000
   Promotion and sales                                 6,415,000
   General and administrative                          3,280,000
   Operating expense -- regional partner               8,726,000
   Loss on sales of assets, net                            6,000
   Depreciation                                        2,714,000
                                                  --------------
Total operating expenses                              81,355,000
                                                  --------------
Operating loss                                       (12,286,000)

Non-operating income (expense):
   Interest income                                       262,000
   Interest expense                                   (1,907,000)
   Other, net                                              2,000
                                                  --------------
Total non-operating expense, net                      (1,643,000)

Loss before reorganization items and income taxes    (13,929,000)
   Reorganization items                                2,531,000
   Income taxes                                                -
                                                  --------------
Net Loss                                            ($16,460,000)
                                                  ==============

             FRONTIER AIRLINES HOLDINGS, INC., ET AL.
          Unaudited Consolidated Statement of Cash Flow
              For the period April 11 to 30, 2008

Cash flows from operating activities:
Net Loss                                           ($16,460,000)

Adjustments to reconcile net loss to net cash in
operating activities:
  ESOP and stock option compensation expense             119,000
  Depreciation and amortization                        2,793,000
  Assets beyond economic repair                           72,000
  Mark to market gains on derivative contracts        (4,853,000)
  Gain on disposal of equipment
    and other assets, net                                  6,000
Changes in operating assets and liabilities:
  Restricted investments                             (12,443,000)
  Receivables                                            483,000
  Security and other deposits                           (105,000)
  Prepaid expenses and other assets                     (581,000)
  Inventories                                            (31,000)
  Other assets                                         2,628,000
  Accounts payable                                     6,928,000
  Air traffic liability                                4,607,000
  Other accrued expenses                              10,909,000
  Deferred revenue and other liabilities               1,783,000
                                                  --------------
Net cash used in operating activities                 (4,145,000)

Cash flows from investing activities:
Proceeds from the sale of property and assets
  held for sale                                          113,000
Capital expenditures                                 (3,436,000)
                                                  --------------
Net cash used in investing activities                 (3,323,000)

Cash flows from financing activities:                          -
                                                  --------------
Net cash provided by financing activities                      -

Decrease in cash and cash equivalents                 (7,468,000)
Cash and cash equivalents at beginning of period     107,256,000
                                                  --------------
Cash and cash equivalents at end of period           $99,788,000
                                                  ==============

                     About Frontier Airlines

Headquartered in Denver, Colorado, Frontier Airlines Inc. --
http://www.frontierairlines.com/-- provides air transportation      
for passengers and freight.  The company and its affiliates
operate jet service carriers linking their Denver, Colorado hub
to 46 cities coast-to-coast, 8 cities in Mexico, and 1 city in
Canada, well as provide service from other non-hub cities,
including service from 10 non-hub cities to Mexico.  As of
May 18, 2007 they operated 59 jets, including 49 Airbus A319s and
10 Airbus A318s.

The Debtor and its debtor-affiliates filed for Chapter 11
protection on April 10, 2008, (Bankr. S.D.N.Y. Case No. 08-11297
through 08-11299.)  Hugh R. McCullough, Esq. at Davis Polk &
Wardwell represent the Debtors in their restructuring efforts.
Togul, Segal & Segal LLP is Debtors' Conflicts Counsel, Faegre &
Benson LLP is the Debtors' Special Counsel, and Kekst and
Company is the Debtors' Communications Advisors.  Epiq
Bankruptcy Solutions serves as the Debtors' notice and claims
agent.  The Official Committee of Unsecured Creditors is
represented by Wilmer Cutler Pickering Hale and Dorr LLP.

At Dec. 31, 2007, Frontier Airlines and its subsidiaries' total
assets was $1,126,748,000 and total debts was $933,176,000.  The
Debtors have until Aug. 8, 2008, to exclusively file a chapter
11 plan.  (Frontier Airlines Bankruptcy News, Issue No. 8;
Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/
or 215/945-7000)


HOMEBANC MORTGAGE: Incurs April 2008 Net Loss of $3,493,000
-----------------------------------------------------------

          HomeBanc Mortgage Corporation and Subsidiaries
               Unaudited Consolidated Balance Sheet
                      As of April 30, 2008

                              ASSETS

Cash                                                 $5,797,000
Restricted cash                                               0
Mortgage loans held for sale, net                     3,454,000
Mortgage loans held for investment, net                       0
Mortgage servicing rights                                     0
Receivable from custodian                                     0
Trading securities                                      500,000
Securities available for sale                                 0
Securities held to maturity                                   0
Accrued interest receivable                                   0
Premises and equipment, net                                   0
Goodwill, net                                                 0
Deferred tax asset, net                                       0
Accounts receivable from affiliates                           0
Investment in subsidiaries                                    0
Other Assets                                         13,361,000
                                                ---------------
TOTAL ASSETS                                        $23,112,000
                                                ===============

                        LIABILITIES & EQUITY

Warehouse lines of credit                                    $0
Repurchase agreements                                         0
Loan funding payable                                  1,478,000
Accrued interest payable                                      0
Accrued expenses                                      5,545,000
Other accounts payable                                        0
Accounts payable to affiliates                                0
Collaterized debt obligations                                 0
Junior subordinated debentures representing         175,260,000
  obligations for trust preferred securities
                                                ---------------
Total liabilities                                   182,283,000

Minority interest                                        64,000

Shareholders Equity:
  Preferred stock                                    47,992,000
  Common stock                                          571,000
  Additional paid-in capital                        278,865,000
  Accumulated deficit                              (468,759,000)
  Treasury stock                                    (17,904,000)
  Accumulated other comprehensive (loss) income               0
                                                ---------------
Total shareholder's equity                         (159,235,000)
                                                ---------------
TOTAL LIABILITIES & EQUITY                          $23,112,000
                                                ===============

          HomeBanc Mortgage Corporation and Subsidiaries
          Unaudited Consolidated Statement of Operations
                For 4 Months Ended April 30, 2008

REVENUES
MBS interest income                                    $710,000
Other miscellaneous income                              378,000
                                                ---------------
Total revenues                                        1,088,000

EXPENSES
Professionals                                         2,653,000
Insurance                                               575,000
Contract personnel                                      155,000
Data facility                                                 0
Compensation and benefits                               312,000
Financial systems                                       122,000
Record storage                                           54,000
Medical insurance run-off payments                      189,000
Loan sales expense                                      107,000
U.S. trustee fees                                        45,000
Office rental                                            23,000
Other misc. operating expenses                          345,000
                                                ---------------
Total expenses                                        4,581,000
                                                ---------------
Income tax expense                                            0
                                                ---------------
Net loss                                            ($3,493,000)
                                                ===============

          HomeBanc Mortgage Corporation and Subsidiaries
               Consolidated Statement of Cash Flows
               For the 4 Months Ended April 30, 2008

OPERATING ACTIVITIES
Net loss                                            ($3,493,000)

Adjustments to reconcile net loss to net cash
  (used in) provided by operating activities:
  (Increase) decrease in mortgage loans held for      1,957,000
    sale, net
  Decrease (interest) in other assets                    (1,000)
  Decrease in other liabilities                         (55,000)
                                                ---------------
Net cash (used in) provided by operating             (1,592,000)
  activities

INVESTING ACTIVITIES
Net cash provided by (used in) investing                      0
  activities

FINANCING ACTIVITIES
Net cash (used in) provided by financing                      0
  activities
                                                ---------------
Net increase (decrease) in cash                      (1,592,000)
Cash and cash equivalents at beginning of period      7,389,000
                                                ---------------
Cash and cash equivalents at end of period           $5,797,000
                                                ===============

                     About Homebanc Mortgage

Headquartered in Atlanta, Georgia, HomeBanc Mortgage Corporation
-- http://www.homebanc.com/-- is a mortgage banking company
focused  on originating primarily prime purchase money residential
mortgage loans in the Southeast United States.

HomeBanc Mortgage together with five affiliates filed for chapter
11 protection on Aug. 9, 2007 (Bankr. D. Del. Case Nos. 07-11079
through 07-11084).  Joel A. Waite, Esq., at Young, Conaway,
Stargatt & Taylor was selected by the Debtors to represent them in
these cases.  The Official Committee of Unsecured Creditors
selected the firm Otterbourg, Steindler, Houston and Rosen, P.C.
as its counsel.  The Debtors' financial condition as of June 30,
2007, showed total assets of $5,100,000,000 and total liabilities
of $4,900,000,000.  The Debtors' exclusive period to file a plan
ends on April 7, 2008.  (HomeBanc Bankruptcy News, Issue No. 26;
Bankruptcy Creditors' Services Inc. http://bankrupt.com/newsstand/
or 215/945-7000).


NETBANK INC: Delivers Monthly Operating Report for April 2008
-------------------------------------------------------------
NetBank Inc. submitted its monthly operating report for the period
ended April 30, 2008.

The Debtor's funds at the beginning of the period were $6,062,831,
and funds at the end of the period were $5,858,657.

A full-text copy of the Debtor's April 2008 monthly operating
report is available for free at:

             http://ResearchArchives.com/t/s?2d6d

                        About NetBank

Headquartered in Jacksonville, Florida, NetBank Inc. --
http://www.netbank.com/-- is a financial holding company of
Netbank, the United States' oldest Internet bank serving retail
and business customers in all 50 states.  NetBank Inc. does retail
banking, mortgage banking, business finance, and providing ATM and
merchant processing services.

The company filed for Chapter 11 protection on Sept. 28, 2007
(Bankr. M.D. Fla. Case No. 07-04295).  Alan M. Weiss, Esq., at
Holland & Knight LLP.  The U.S. Trustee for Region 21 appointed
six creditors to serve on an Official Committee of Unsecured
Creditors of the Debtor's case.  Rogers Towers and Kilpatrick
Stockton LLP represent the Committee in this case.  As of
Sept. 25, 2007, the Debtor listed total assets at $87,213,942
and total debts at $42,245,857.


PACIFIC LUMBER: Scotia Dev't Delivers April 2008 Monthly Report
---------------------------------------------------------------

                  Scotia Development LLC, et al.
                    Consolidated Balance Sheet
                       As of April 30, 2008

ASSETS
Current Assets
   Cash                                             $2,625,283
   Accounts receivable, net                          5,697,475
   Inventory: lower cost or market                   9,420,002
   Prepaid expenses                                  5,046,729
   Prepaid Restructuring                               200,000
   Investments                                               0
   Other                                               262,924
                                                  ------------
   Total Current Assets                             23,252,414

Property, Plant & Equipment                        186,978,401
Less: Accumulated Depreciation                    (121,395,836)
                                                  ------------
Net book value of property & plant                  65,582,565
Other Assets
   Notes Receivable                                    591,357
   Deferred Financing Costs                          4,002,201
   Long-term Investments                             3,473,544
   Restricted Cash                                   2,592,844
   Restricted Cash -- L.C. Collateralization        10,862,851
   Deferred Tax Assets                              13,313,381
                                                  ------------
     TOTAL ASSETS                                 $123,671,157
                                                  ============

LIABILITIES & OWNERS EQUITY
Postpetition Liabilities
   Trade accounts payable                             $962,106
   Tax Payable
      Federal payroll taxes                             42,761
      State payroll taxes                                3,019
      Ad valorem taxes                                 (67,672)
      Other taxes                                    1,299,528
                                                  ------------
   Total taxes payable                               1,277,637

   Secured debt postpetition                        75,000,000
   Accrued interest payable                          3,869,531
   Accrued professional fees                         6,344,889
   Other accrued liabilities
      Trade Accruals                                   258,850
      Compensation and benefits                      1,436,929
      Other accrued                                  2,324,237
      Due to (from) affiliate/parent                 9,179,665
                                                  ------------
      Total Postpetition Liabilities               100,653,844

Prepetition Liabilities
   Notes payable - Secured                          84,277,251
   Priority debt                                     3,439,288
   Federal income tax                                  (17,006)
   FICA/ Withholding                                         0
   Unsecured debt                                    2,995,245
   Other                                            27,798,225
   Due to Affiliate/Parent                          41,661,505
                                                  ------------
      Total Prepetition Liabilities                160,154,508
                                                  ------------
      Total Liabilities                            260,808,352

Owner's Equity (Deficit)
   Equity in Affiliates                            561,995,300
   Common Stock                                          1,001
   Additional Paid-in Capital                      275,546,288
   Retained Earnings: Filing Date                 (792,985,229)
   Retained Earnings: Post Filing Date            (181,694,555)
                                                  ------------
Total Owner's Equity                              (137,137,195)
                                                  ------------
TOTAL LIABILITIES & OWNERS EQUITY                 $123,671,157
                                                  ============        

                  Scotia Development LLC, et al.
                       Statement of Income
               For the Period Ended April 30, 2008

Revenues                                            $8,169,696
Total cost of revenues                              10,554,257
                                                  ------------
Gross Profit                                        (2,384,561)

Operating Expenses
   Selling & Marketing                                  87,335
   General & Administrative                             (8,968)
   Insiders Compensation                               106,680
   Idle Facilities                                     106,662
   Environmental                                        23,216
                                                  ------------
      Total Operating Expenses                         314,924
                                                  ------------
Income before interest, depreciation, tax           (2,699,485)
Interest Expense                                     1,435,205
Depreciation                                           713,219
Other (Income) Expenses                                216,835
Amortization of Deferred Financing Costs               387,997
Restructuring
   Professional Fees                                 3,851,997
   Other                                               (44,850)
Equity Loss (Earnings) in Subsidiary                 5,139,866
Total Interest, Depreciation & Other Items          11,700,269
                                                  ------------
Net Income Before Taxes                            (14,399,753)
Federal Income Tax                                           -    
                                                  ------------
Net Income (Loss)                                 ($14,399,753)
                                                  ============
                
                  Scotia Development LLC, et al.
                 Cash Receipts and Disbursements
                For the Month Ended April 30, 2008

Receipts
   Cash Sales                                          $12,985
   Collection of Accounts Receivable                 9,099,566
   Loans & Advances                                          -
   Sale of Assets                                       36,283
   Other                                                 3,040
                                                  ------------
      Total Receipts                                 9,151,874

Disbursements
   Net payroll                                         937,235
   Payroll taxes paid                                  493,348
   Sales, use & other taxes paid                       389,486
   Secured/rentals/leases                              184,032
   Utilities & telephone                                45,648
   Insurance                                           638,278
   Cost of goods sold                                3,521,686
   Vehicle expenses                                     22,929
   Travel & entertainment                               27,510
   Repairs, maintenance & supplies                     689,900
   Administrative & selling                            299,490
   Interest                                            812,191
   Other                                                     -
                                                  ------------
      Total Disbursements from operations            8,061,733

Professional fees                                      807,603
U.S. Trustee fees                                            -
Other reorganization expenses                                -
                                                  ------------
   Total Disbursements                               8,869,336
                                                  ------------
Net Cash Flow                                          282,538
                                                  ------------
Cash, at the beginning of the month                  2,342,745
                                                  ------------
Cash, at the end of the month                       $2,625,283
                                                  ============

                      About Pacific Lumber

Based 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
transaction 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).  Jack L. Kinzie, Esq., at Baker
Botts LLP, 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.   Kyung S. Lee, Esq., Esq., at Diamond
McCarthy LLP is Scotia Pacific's co-counsel, replacing Porter &
Hedges LLP.  John D. Fiero, Esq., at Pachulski Stang Ziehl & Jones
LLP, represents the Official Committee of Unsecured Creditors.

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 filed their Joint Plan of Reorganization on Sept. 30,
2007, which was amended on Dec. 20, 2007.  Four other parties-in-
interest have filed competing plans for the Debtors -- The Bank of
New York Trust Company, N.A., as Indenture Trustee for the Timber
Notes; the Official Committee of Unsecured Creditors; Marathon
Structured Finance Fund L.P, the Debtors' DIP Lender and Agent
under the DIP Credit Facility; and the Heartlands Commission,
which represents the tribal members of the Bear River Band of
Rohnerville Rancheria and PALCO employees.

The Debtors' exclusive plan filing period expired on Feb. 29,
2008.  (Scotia/Pacific Lumber Bankruptcy News, Issue No. 61;
http://bankrupt.com/newsstand/or 215/945-7000).


PACIFIC LUMBER: ScoPac Delivers April 2008 Monthly Report
---------------------------------------------------------

                      Scotia Pacific Company LLC
                      Consolidated Balance Sheet
                         As of April 30, 2008

ASSETS
Current Assets
   Cash                                             $6,138,415
   Accounts receivable, net                          9,705,775
   Inventory: lower cost or market                   1,287,274
   Prepaid expenses                                  6,234,793
   Prepaid Restructuring                               774,671
   Investments                                      26,763,175
   Other                                               869,796
                                                  ------------
      Total Current Assets                          51,773,900


Property, Plant & Equipment                        602,576,350
Less: Accumulated Depreciation                    (361,929,703)
                                                  ------------
Net book value of property & plant                 240,646,647      

Other Assets
   Capitalized Expenses                              9,469,259
                                                  ------------
      TOTAL ASSETS                                $301,889,807
                                                  ============

LIABILITIES & OWNERS EQUITY
Postpetition Liabilities
   Trade accounts payable                              $40,753
   Tax payable
      Federal payroll taxes                             10,419
      State payroll taxes                                  393
      Ad valorem taxes                                  49,814
      Other taxes                                       54,540
                                                  ------------
         Total taxes payable                     [sic] 115,166

      Secured debt postpetition                              0
      Accrued interest payable                      69,011,966
      Accrued professional fees                      3,681,796
      Other accrued liabilities
         Unsecured Debt                              2,146,222
         Payroll                                       655,013
         Other                                         231,838
                                                  ------------        
      Total Postpetition Liabilities                75,882,753

Prepetition Liabilities
   Notes payable - Secured                         767,421,582
   Priority debt                                        79,064
   Federal income tax                                        0
   FICA/ Withholding                                         0
   Unsecured debt                                    3,357,954
   Other                                                     0
                                                  ------------
      Total Prepetition Liabilities                770,858,601
                                                  ------------
      Total Liabilities                            846,741,354

Owner's Equity (Deficit)
   Preferred Stock                                           0
   Common Stock                                     20,384,905
   Additional Paid-in Capital                      179,838,186
   Retained Earnings: Filing Date                 (662,058,832)
   Retained Earnings: Post Filing Date             (83,015,806)
                                                  ------------
Total Owner's Equity                              (544,851,547)
                                                  ------------
TOTAL LIABILITIES & OWNERS EQUITY                 $301,889,807
                                                  ============

                      Scotia Pacific Company LLC
                          Statement of Income
                  For the Period Ended April 30, 2008


Revenues                                            $2,880,360
Total cost of revenues                                 708,969

Gross Profit                                         2,171,391

Operating Expenses
   Selling & Marketing                                       0
   General & Administrative                            224,354
   Insiders Compensation                                     0
   Professional Fees                                         0
   Idle Facilities                                           0
   Environmental                                             0
                                                  ------------
      Total Operating Expenses                         224,354
                                                  ------------
Income before interest, depreciation, tax            1,947,037
Interest Expense                                     4,805,704
Depreciation                                           647,980
Other (Income) Expenses                               (149,038)
Amortization of Deferred Financing Costs                     0
Restructuring
   Professional Fees                                 1,722,821
   Other                                                59,437
Equity Loss (Earnings) in Subsidiary                         0
Total Interest, Depreciation & Other Items           7,086,904
                                                  ------------
Net Income Before Taxes                             (5,139,866)
Federal Income Tax                                           0
                                                  ------------
Net Income (Loss)                                  ($5,139,866)
                                                  ============

                      Scotia Pacific Company LLC
                    Cash Receipts and Disbursements
                  For the Month Ended April 30, 2008

Receipts
   Cash Sales                                               $0
   Collection of Accounts Receivable                         0
   Loans & Advances                                          0
   Sale of Assets                                            0
   Interest Income                                     276,939
   Log Sales to Palco less Reimbursable              2,209,359
   Other                                               208,755
                                                  ------------
      Total Receipts                                 2,695,053        

Disbursements
   Net payroll                                         275,759
   Payroll taxes paid                                  113,249
   Sales, use & other taxes paid                       434,824      
   Secured/rentals/leases                               25,217
   Utilities & telephone                                   378
   Insurance                                            12,382
   Cost of goods sold                                  551,730
   Vehicle expenses                                        102
   Travel & entertainment                                    0
   Repairs, maintenance & supplies                           0
   Administrative & selling                            454,912
   Decking, logging & hauling                          837,116
   Other                                                     0
                                                  ------------
      Total Disbursements from operations            2,705,668      

Professional fees                                    2,935,623
U.S. Trustee fees                                            0
Interest                                               164,993
Other reorganization expenses                                0
                                                  ------------
      Total Disbursements                            5,806,283
                                                  ------------
Net Cash Flow                                       (3,111,230)
                                                  ------------
Reclassification to investment                     (26,763,175)
Cash, at the beginning of the month                 36,012,821
                                                  ------------
Cash, at the end of the month                       $6,138,415
                                                  ============

                      About Pacific Lumber

Based 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
transaction 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).  Jack L. Kinzie, Esq., at Baker
Botts LLP, 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.   Kyung S. Lee, Esq., Esq., at Diamond
McCarthy LLP is Scotia Pacific's co-counsel, replacing Porter &
Hedges LLP.  John D. Fiero, Esq., at Pachulski Stang Ziehl & Jones
LLP, represents the Official Committee of Unsecured Creditors.

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 filed their Joint Plan of Reorganization on Sept. 30,
2007, which was amended on Dec. 20, 2007.  Four other parties-in-
interest have filed competing plans for the Debtors -- The Bank of
New York Trust Company, N.A., as Indenture Trustee for the Timber
Notes; the Official Committee of Unsecured Creditors; Marathon
Structured Finance Fund L.P, the Debtors' DIP Lender and Agent
under the DIP Credit Facility; and the Heartlands Commission,
which represents the tribal members of the Bear River Band of
Rohnerville Rancheria and PALCO employees.

The Debtors' exclusive plan filing period expired on Feb. 29,
2008.  (Scotia/Pacific Lumber Bankruptcy News, Issue No. 61;
http://bankrupt.com/newsstand/or 215/945-7000).


TROPICANA ENTERTAINMENT: Submits Initial Monthly Operating Report
-----------------------------------------------------------------
The Debtors filed an Initial Monthly Operating Report on May 23,
2008, disclosing, among other things, numerous certificates of
insurance evidencing their workers compensation, property,
general liability, and vehicle insurance policies.

The Debtors notified the Court that the Certificates of Insurance
did not name the United States Trustee as a party to be notified
in the event of a policy cancellation, as required by the Initial
Operating Report instructions.  Along with the Certificates of
Insurance, the Debtors filed an explanation stating that they
were working to have the U.S. Trustee listed on the Certificates
of Insurance as a party to be notified in the event of a
cancellation, and that they would supplement the IOR when that
change to the Certificates of Insurance has been made.

Accordingly, the Debtors filed a supplemental Initial Operating
Report to include the U.S. Trustee as a party to be notified in
the event of a policy cancellation.

Copies of the updated Certificates are available for free at:

              http://ResearchArchives.com/t/s?2d76

                About Tropicana Entertainment

Based in Crestview Hills, Kentucky, Tropicana Entertainment LLC --
http://www.tropicanacasinos.com/-- is an indirect subsidiary of       
Tropicana Casinos and Resorts. The company is one of the largest
privately-held gaming entertainment providers in the United
States. Tropicana Entertainment owns eleven casino properties in
eight distinct gaming markets with premier properties in Las
Vegas, Nevada and Atlantic City, New Jersey.

Tropicana Entertainment LLC filed for Chapter 11 protection on
May 5, 2008, (Bankr. D. Del. Case No. 08-10856) Its debtor-
affiliates filed for separate Chapter 11 petitions but with no
case numbers assigned yet. Kirkland & Ellis LLP and Mark D.
Collins, Esq. at Richards Layton & Finger represent the Debtors in
their restructuring efforts.  Their financial advisor is Lazard
Ltd.  Their notice, claims, and balloting agent is Kurtzman Carson
Consultants LLC.  The Debtors' consolidated financial condition as
of Feb. 29, 2008, showed $2,845,847,596 in total assets and
$2,429,890,642 in total debts.

(Tropicana Bankruptcy News, Issue No. 8; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000)  


TWEETER HOME: Earns $527,397 in Month Ended October 31, 2007
------------------------------------------------------------

         Tweeter Home Entertainment Group, Inc., et al.
                   Consolidated Balance Sheet
                     As of October 31, 2007

Assets
Current Assets:
   Cash and Cash Equivalents                         $5,996,469
   Accounts Receivable                                        0
   Inventory                                                  0
   Deferred Tax Assets                                        0
   Prepaid Expenses and Other Current Assets            779,009
                                                 --------------
      Total Current Assets                            6,775,478

   Property and Equipment                                     0
   Long-Term Investments                                      0
   Intangible Assets, Net                                     0
   Other Assets                                               0
   Goodwill                                                   0
                                                 --------------
Total Assets                                         $6,775,478
                                                 ==============

Liabilities and Owners' Equity
Liabilities Not Subject to Compromise (Postpetition):
   Current Portion of Long-Term Debt                         $0
   Escrow                                               650,000
   Total Accounts Payable                             2,636,840
                                                 --------------
      Total Postpetition Liabilities                  3,286,840       

Liabilities Subject to Compromise (Prepetition):
   Deferred Compensation                                      0
   Accrued Expenses                                           0
   Customer Deposits                                          0
   Prepetition Accounts Payable                      32,536,235
                                                 --------------
      Total Prepetition Liabilities                  32,536,235

Secured Bank Debt                                             0

Other Long-Term Liabilities:
   Accrued Income Taxes                                 951,185
   Long-Term Restructuring and Discontinued
      Store Reserve                                           0
   Rent-Related Accruals                                      0
                                                 --------------
      Total Other Long-Term Liabilities                 951,185
                                                 --------------
Total Liabilities                                    36,774,260

Total Stockholder's Equity                          (29,998,781)
                                                 --------------
Total Liabilities and Stockholder's Equity           $6,775,479
                                                 ==============

         Tweeter Home Entertainment Group, Inc., et al.
              Consolidated Statement of Operations
              For the Month Ended October 31, 2007

Revenue                                                      $0
Cost of Goods Sold                                            0
                                                 --------------
Gross Profit                                                  0
                                                 --------------
Total Operating Expenses                                      0

Operating Income                                              0
Other Income (Expense)
(527,397)                                                          
Loss on Transaction                                           0
                                                 --------------
Earnings Before Tax                                     527,397
Taxes                                                         0
                                                 --------------
Net Income                                             $527,397
                                                 ==============

         Tweeter Home Entertainment Group, Inc., et al.
          Schedule of Cash Receipts and Disbursements
             For the Month Ended October 31, 2007

Cash, Beginning of Month                                     $0

Total Receipts                                                0
Total Disbursements                                           0
                                                 --------------
Net Cash Flow                                                 0
                                                 --------------
Cash, End of Month                                           $0
                                                 ==============

                       About Tweeter Home

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case Nos. 07-10787 through 07-10796).  Gregg M.
Galardi, Esq., Mark L. Desgrosseilliers, Esq., and Sarah E.
Pierce, Esq., at Skadden, Arps, Slate, Meagher & Flom, LLP,
represent the Debtors.  Kurtzman Carson Consultants LLC acts as
the Debtors' claims and noticing agent.

Bruce Grohsgal, Esq., William P. Weintraub, Esq., and Rachel Lowy
Werkheiser, Esq., at Pachulski Stang Ziehl & Jones LLP; and Scott
L. Hazan, Esq., Lorenzo Marinuzzi, Esq., and Todd M. Goren, Esq.,
at Otterbourg, Steindler, Houston & Rosen, P.C., represent the
Official Committee of Unsecured Creditors.

As of Dec. 21, 2006, Tweeter had total assets of $258,573,353 and
total debts of $190,417,285.  The Court expects the Debtors to
file a plan of reorganization on June 5, 2008.  (Tweeter
Bankruptcy News, Issue No. 19, Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TWEETER HOME: Posts $1,823,957 Loss in Month Ended Nov. 30, 2007
----------------------------------------------------------------

         Tweeter Home Entertainment Group, Inc., et al.
                   Consolidated Balance Sheet
                    As of November 30, 2007

Current Assets:
   Cash and Cash Equivalents                         $4,479,644
   Accounts Receivable                                        0
   Inventory                                                  0
   Deferred Tax Assets                                        0
   Prepaid Expenses and Other Current Assets            466,424
                                                 --------------
      Total Current Assets                            4,946,068

   Property and Equipment                                     0
   Long-Term Investments                                      0
   Intangible Assets, Net                                     0
   Other Assets                                               0
   Goodwill                                                   0
                                                 --------------
Total Assets                                         $4,946,068
                                                 ==============

Liabilities and Owners' Equity
Liabilities Not Subject to Compromise (Postpetition):
   Current Portion of Long-Term Debt                         $0
   Escrow                                               650,000
   Total Accounts Payable                             2,631,387
                                                 --------------
      Total Postpetition Liabilities                  3,281,387

Liabilities Subject to Compromise (Prepetition):
   Deferred Compensation                                      0
   Accrued Expenses                                           0
   Customer Deposits                                          0
   Prepetition Accounts Payable                      32,536,235
                                                 --------------
      Total Prepetition Liabilities                  32,536,235

Secured Bank Debt                                             0

Other Long-Term Liabilities:
   Accrued Income Taxes                                 951,185
   Long-Term Restructuring and Discontinued
      Store Reserve                                           0
   Rent-Related Accruals                                      0
                                                 --------------
      Total Other Long-Term Liabilities                 951,185
                                                 --------------
Total Liabilities                                    36,768,806   

Total Stockholder's Equity                          (31,822,739)
                                                 --------------
Total Liabilities and Stockholder's Equity           $4,946,068
                                                 ==============

         Tweeter Home Entertainment Group, Inc., et al.
              Consolidated Statement of Operations
             For the Month Ended November 30, 2007

Revenue                                                      $0
Cost of Goods Sold                                            0
                                                 --------------
Gross Profit                                                  0
                                                 --------------
Total Operating Expenses                                      0

Operating Income                                              0
Other Income (Expense)                                1,823,957
Loss on Transaction                                           0
                                                 --------------
Earnings Before Tax                                  (1,823,957)
Taxes                                                         0
                                                 --------------
Net Income                                          ($1,823,957)
                                                 ==============

         Tweeter Home Entertainment Group, Inc., et al.
          Schedule of Cash Receipts and Disbursements
             For the Month Ended November 30, 2007

Cash, Beginning of Month                                     $0

Total Receipts                                                0
Total Disbursements                                           0
                                                 --------------
Net Cash Flow                                                 0
                                                 --------------
Cash, End of Month                                           $0
                                                 ==============

                       About Tweeter Home

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case Nos. 07-10787 through 07-10796).  Gregg M.
Galardi, Esq., Mark L. Desgrosseilliers, Esq., and Sarah E.
Pierce, Esq., at Skadden, Arps, Slate, Meagher & Flom, LLP,
represent the Debtors.  Kurtzman Carson Consultants LLC acts as
the Debtors' claims and noticing agent.

Bruce Grohsgal, Esq., William P. Weintraub, Esq., and Rachel Lowy
Werkheiser, Esq., at Pachulski Stang Ziehl & Jones LLP; and Scott
L. Hazan, Esq., Lorenzo Marinuzzi, Esq., and Todd M. Goren, Esq.,
at Otterbourg, Steindler, Houston & Rosen, P.C., represent the
Official Committee of Unsecured Creditors.

As of Dec. 21, 2006, Tweeter had total assets of $258,573,353 and
total debts of $190,417,285.  The Court expects the Debtors to
file a plan of reorganization on June 5, 2008.  (Tweeter
Bankruptcy News, Issue No. 19, Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TWEETER HOME: Posts $557,013 Loss in Month Ended Dec. 31, 2007
--------------------------------------------------------------

         Tweeter Home Entertainment Group, Inc., et al.
                   Consolidated Balance Sheet
                     As of December 31, 2007

Assets
Current Assets:
   Cash and Cash Equivalents                         $3,957,631
   Accounts Receivable                                        0
   Inventory                                                  0
   Deferred Tax Assets                                        0
   Prepaid Expenses and Other Current Assets            381,424
                                                 --------------
      Total Current Assets                            4,339,055

   Property and Equipment                                     0
   Long-Term Investments                                      0
   Intangible Assets, Net                                     0
   Other Assets                                               0
   Goodwill                                                   0
                                                 --------------
Total Assets                                         $4,339,055
                                                 ==============

Liabilities and Owners' Equity
Liabilities Not Subject to Compromise (Postpetition):
   Current Portion of Long-Term Debt                         $0
   Escrow                                               600,000
   Total Accounts Payable                             2,631,387
                                                 --------------
      Total Postpetition Liabilities                  3,231,387

Liabilities Subject to Compromise (Prepetition):
   Deferred Compensation                                      0
   Accrued Expenses                                           0
   Customer Deposits                                          0
   Prepetition Accounts Payable                      32,536,235
                                                 --------------
      Total Prepetition Liabilities                  32,536,235

Secured Bank Debt                                             0

Other Long-Term Liabilities:
   Accrued Income Taxes                                 951,185
   Long-Term Restructuring and Discontinued
      Store Reserve                                           0
   Rent-Related Accruals                                      0
                                                 --------------
      Total Other Long-Term Liabilities                 951,185
                                                 --------------
Total Liabilities                                    36,718,806

Total Stockholder's Equity                          (32,379,751)
                                                 --------------
Total Liabilities and Stockholder's Equity           $4,339,055
                                                 ==============

         Tweeter Home Entertainment Group, Inc., et al.
              Consolidated Statement of Operations
              For the Month Ended December 31, 2007

Revenue                                                      $0
Cost of Goods Sold                                            0
                                                 --------------
Gross Profit                                                  0
                                                 --------------
Total Operating Expenses                                      0
Operating Income                                              0
Other Income (Expense)                                  557,013
Loss on Transaction                                           0
                                                 --------------
Earnings Before Tax                                    (557,013)
Taxes                                                         0
                                                 --------------
Net Income                                            ($557,013)
                                                 ==============

        Tweeter Home Entertainment Group, Inc., et al.
         Schedule of Cash Receipts and Disbursements
            For the Month Ended December 31, 2007

Cash, Beginning of Month                                     $0

Total Receipts                                                0
Total Disbursements                                           0
                                                 --------------
Net Cash Flow                                                 0
                                                 --------------
Cash, End of Month                                           $0
                                                 ==============

                       About Tweeter Home

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case Nos. 07-10787 through 07-10796).  Gregg M.
Galardi, Esq., Mark L. Desgrosseilliers, Esq., and Sarah E.
Pierce, Esq., at Skadden, Arps, Slate, Meagher & Flom, LLP,
represent the Debtors.  Kurtzman Carson Consultants LLC acts as
the Debtors' claims and noticing agent.

Bruce Grohsgal, Esq., William P. Weintraub, Esq., and Rachel Lowy
Werkheiser, Esq., at Pachulski Stang Ziehl & Jones LLP; and Scott
L. Hazan, Esq., Lorenzo Marinuzzi, Esq., and Todd M. Goren, Esq.,
at Otterbourg, Steindler, Houston & Rosen, P.C., represent the
Official Committee of Unsecured Creditors.

As of Dec. 21, 2006, Tweeter had total assets of $258,573,353 and
total debts of $190,417,285.  The Debtors exclusive period to file
a plan of reorganization expired on June 5, 2008.  (Tweeter
Bankruptcy News, Issue No. 20, Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TWEETER HOME: Earns $257,110 in Month Ended January 31, 2008
------------------------------------------------------------

         Tweeter Home Entertainment Group, Inc., et al.
                   Consolidated Balance Sheet
                     As of January 31, 2008

Assets
Current Assets:
   Cash and Cash Equivalents                         $3,801,199
   Accounts Receivable                                        0   
Inventory                                                     0
   Deferred Tax Assets                                        0
   Prepaid Expenses and Other Current Assets            381,424
                                                 --------------
      Total Current Assets                            4,182,623
                                                     
   Property and Equipment                                     0
   Long-Term Investments                                      0
   Intangible Assets, Net                                     0
   Other Assets                                               0
   Goodwill                                                   0
                                                 --------------
Total Assets                                         $4,182,623
                                                 ==============

Liabilities and Owners' Equity
Liabilities Not Subject to Compromise (Postpetition):
   Current Portion of Long-Term Debt                         $0
   Escrow                                               600,000
   Total Accounts Payable                             2,732,065
                                                 --------------
      Total Postpetition Liabilities                  3,332,065

Liabilities Subject to Compromise (Prepetition):
   Deferred Compensation                                      0
   Accrued Expenses                                           0
   Customer Deposits                                                   
   Prepetition Accounts Payable                      32,536,235
                                                 --------------
      Total Prepetition Liabilities                  32,536,235

Secured Bank Debt                                             0

Other Long-Term Liabilities:
   Accrued Income Taxes                                 951,185
   Long-Term Restructuring and Discontinued
      Store Reserve                                           0
   Rent-Related Accruals                                      0
                                                 --------------
      Total Other Long-Term Liabilities                 951,185
                                                 --------------
Total Liabilities
36,819,860           

Total Stockholder's Equity                          (32,636,860)
                                                 --------------
Total Liabilities and Stockholder's Equity           $4,182,624
                                                 ==============

         Tweeter Home Entertainment Group, Inc., et al.
              Consolidated Statement of Operations
              For the Month Ended January 31, 2008

Revenue                                                      $0
Cost of Goods Sold                                            0
                                                 --------------
Gross Profit                                                  0
                                                 --------------
Total Operating Expenses                                      0

Operating Income                                              0
Other Income (Expense)                                 (257,110)
Loss on Transaction                                           0
                                                 --------------
Earnings Before Tax                                     257,110
Taxes                                                         0
                                                 --------------
Net Income                                             $257,110
                                                 ==============

         Tweeter Home Entertainment Group, Inc., et al.
          Schedule of Cash Receipts and Disbursements
             For the Month Ended January 31, 2008

Cash, Beginning of Month                                     $0

Total Receipts                                                0
Total Disbursements                                           0
                                                 --------------
Net Cash Flow                                                 0
                                                 --------------
Cash, End of Month                                           $0
                                                 ==============

                       About Tweeter Home

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case Nos. 07-10787 through 07-10796).  Gregg M.
Galardi, Esq., Mark L. Desgrosseilliers, Esq., and Sarah E.
Pierce, Esq., at Skadden, Arps, Slate, Meagher & Flom, LLP,
represent the Debtors.  Kurtzman Carson Consultants LLC acts as
the Debtors' claims and noticing agent.

Bruce Grohsgal, Esq., William P. Weintraub, Esq., and Rachel Lowy
Werkheiser, Esq., at Pachulski Stang Ziehl & Jones LLP; and Scott
L. Hazan, Esq., Lorenzo Marinuzzi, Esq., and Todd M. Goren, Esq.,
at Otterbourg, Steindler, Houston & Rosen, P.C., represent the
Official Committee of Unsecured Creditors.

As of Dec. 21, 2006, Tweeter had total assets of $258,573,353 and
total debts of $190,417,285.  The Debtors exclusive period to file
a plan of reorganization expired on June 5, 2008.  (Tweeter
Bankruptcy News, Issue No. 20, Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TWEETER HOME: Posts $144,084 Loss in Month Ended Feb. 29, 2008
------------------------------------------------------------

         Tweeter Home Entertainment Group, Inc., et al.
                   Consolidated Balance Sheet
                     As of February 29, 2008

Current Assets:
   Cash and Cash Equivalents                         $3,945,283
   Accounts Receivable                                        0
   Inventory                                                  0
   Deferred Tax Assets                                        0
   Prepaid Expenses and Other Current Assets            381,424
                                                 --------------
      Total Current Assets                            4,326,707

   Property and Equipment                                     0
   Long-Term Investments                                      0
   Intangible Assets, Net                                     0
   Other Assets                                               0
   Goodwill                                                   0
                                                 --------------
Total Assets                                         $4,326,707
                                                 ==============

Liabilities and Owners' Equity
Liabilities Not Subject to Compromise (Postpetition):
   Current Portion of Long-Term Debt                          0
   Escrow                                               600,000
   Total Accounts Payable                             2,732,065
                                                 --------------
      Total Postpetition Liabilities                  3,332,065

Liabilities Subject to Compromise (Prepetition):
   Deferred Compensation                                      0
   Accrued Expenses                                           0
   Customer Deposits                                          0
   Prepetition Accounts Payable                      32,536,235
                                                 --------------
      Total Prepetition Liabilities                  32,536,235

Secured Bank Debt                                             0

Other Long-Term Liabilities:
   Accrued Income Taxes                                 951,185
   Long-Term Restructuring and Discontinued
      Store Reserve                                           0
   Rent-Related Accruals                                      0
                                                 --------------
      Total Other Long-Term Liabilities                 951,185
                                                 --------------
Total Liabilities                                    36,819,485
    
Total Stockholder's Equity                          (32,492,776)
                                                 --------------
Total Liabilities and Stockholder's Equity           $4,326,709
                                                 ==============

         Tweeter Home Entertainment Group, Inc., et al.
              Consolidated Statement of Operations
              For the Month Ended February 29, 2008

Revenue                                                      $0
Cost of Goods Sold                                            0
                                                 --------------
Gross Profit                                                  0
                                                 --------------
Total Operating Expenses                                      0
                                                                                                                
Operating Income                                              0
Other Income (Expense)                                  144,084
Loss on Transaction                                           0
                                                 --------------
Earnings Before Tax                                    (144,084)
Taxes                                                         0
                                                 --------------
Net Income                                            ($144,084)
                                                 ==============

         Tweeter Home Entertainment Group, Inc., et al.
          Schedule of Cash Receipts and Disbursements
             For the Month Ended February 29, 2008

Cash, Beginning of Month                                     $0

Total Receipts                                                0
Total Disbursements                                           0
                                                 --------------
Net Cash Flow                                                 0
                                                 --------------
Cash, End of Month                                           $0
                                                 ==============

                       About Tweeter Home

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case Nos. 07-10787 through 07-10796).  Gregg M.
Galardi, Esq., Mark L. Desgrosseilliers, Esq., and Sarah E.
Pierce, Esq., at Skadden, Arps, Slate, Meagher & Flom, LLP,
represent the Debtors.  Kurtzman Carson Consultants LLC acts as
the Debtors' claims and noticing agent.

Bruce Grohsgal, Esq., William P. Weintraub, Esq., and Rachel Lowy
Werkheiser, Esq., at Pachulski Stang Ziehl & Jones LLP; and Scott
L. Hazan, Esq., Lorenzo Marinuzzi, Esq., and Todd M. Goren, Esq.,
at Otterbourg, Steindler, Houston & Rosen, P.C., represent the
Official Committee of Unsecured Creditors.

As of Dec. 21, 2006, Tweeter had total assets of $258,573,353 and
total debts of $190,417,285.  The Debtors exclusive period to file
a plan of reorganization expired on June 5, 2008.  (Tweeter
Bankruptcy News, Issue No. 20, Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


TWEETER HOME: Posts $297,355 Loss in Month Ended March 31, 2008
---------------------------------------------------------------

         Tweeter Home Entertainment Group, Inc., et al.
                   Consolidated Balance Sheet
                      As of March 31, 2008

Assets
Current Assets:
   Cash and Cash Equivalents                         $3,647,929
   Accounts Receivable                                        0
   Inventory                                                  0
   Deferred Tax Assets                                        0
   Prepaid Expenses and Other Current Assets            381,424
                                                 --------------
      Total Current Assets                            4,029,353

   Property and Equipment                                     0
   Long-Term Investments                                      0
   Intangible Assets, Net                                     0
   Other Assets                                               0
   Goodwill                                                   0
                                                 --------------
Total Assets                                         $4,029,353
                                                 ==============

Liabilities and Owners' Equity
Liabilities Not Subject to Compromise (Postpetition):
   Current Portion of Long-Term Debt                          0
   Escrow                                               600,000
   Total Accounts Payable                             2,732,065
                                                 --------------
      Total Postpetition Liabilities                  3,332,065

Liabilities Subject to Compromise (Prepetition):
   Deferred Compensation                                      0
   Accrued Expenses                                           0
   Customer Deposits                                          0
   Prepetition Accounts Payable                      32,536,234
                                                 --------------
      Total Prepetition Liabilities                  32,536,234

Secured Bank Debt                                             0

Other Long-Term Liabilities:
   Accrued Income Taxes                                 951,185
   Long-Term Restructuring and Discontinued
      Store Reserve                                           0
   Rent-Related Accruals                                      0
                                                 --------------
      Total Other Long-Term Liabilities                 951,185
                                                 --------------
Total Liabilities                                    36,819,484

Total Stockholder's Equity                          (32,790,131)
                                                 --------------
Total Liabilities and Stockholder's Equity           $4,029,353
                                                 ==============

         Tweeter Home Entertainment Group, Inc., et al.
              Consolidated Statement of Operations
               For the Month Ended March 31, 2008

Revenue                                                      $0
Cost of Goods Sold                                            0
                                                 --------------
Gross Profit                                                  0
                                                 --------------
Total Operating Expenses                                      0

Operating Income                                              0
Other Income (Expense)                                 (297,355)
Loss on Transaction                                           0
                                                 --------------
Earnings Before Tax                                    (297,355)
Taxes                                                         0
                                                 --------------
Net Income                                            ($297,355)
                                                 ==============

         Tweeter Home Entertainment Group, Inc., et al.
          Schedule of Cash Receipts and Disbursements
              For the Month Ended March 31, 2008

Cash, Beginning of Month                                     $0

Total Receipts                                                0
Total Disbursements                                           0
                                                 --------------
Net Cash Flow                                                 0
                                                 --------------
Cash, End of Month                                           $0
                                                 ==============

                       About Tweeter Home

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- retails mid-to high-end audio and
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case Nos. 07-10787 through 07-10796).  Gregg M.
Galardi, Esq., Mark L. Desgrosseilliers, Esq., and Sarah E.
Pierce, Esq., at Skadden, Arps, Slate, Meagher & Flom, LLP,
represent the Debtors.  Kurtzman Carson Consultants LLC acts as
the Debtors' claims and noticing agent.

Bruce Grohsgal, Esq., William P. Weintraub, Esq., and Rachel Lowy
Werkheiser, Esq., at Pachulski Stang Ziehl & Jones LLP; and Scott
L. Hazan, Esq., Lorenzo Marinuzzi, Esq., and Todd M. Goren, Esq.,
at Otterbourg, Steindler, Houston & Rosen, P.C., represent the
Official Committee of Unsecured Creditors.

As of Dec. 21, 2006, Tweeter had total assets of $258,573,353 and
total debts of $190,417,285.  The Debtors exclusive period to file
a plan of reorganization expired on June 5, 2008.  (Tweeter
Bankruptcy News, Issue No. 20, Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


ZIFF DAVIS: Submits March 2008 Monthly Operating Report
-------------------------------------------------------

                       Ziff Davis Media Inc.
                          Balance Sheet
                       As of March 31, 2008

Cash and Cash Equivalents                          $120,708,000
Restricted Cash                                               0
AR - net                                             15,454,000
Inventory                                                     -
Prepaid Expenses                                      4,126,000
                                                  -------------
Total Current Assets                                140,288,000

Property, Plant & Equipment - Net                     8,344,000
Other Non Current Assets                             17,048,000
Goodwill & Intangible Assets - Net                  139,874,000
                                                  -------------
Total Assets                                       $305,555,000
                                                  =============

LIABILITIES NOT SUBJECT TO COMPROMISE:
Accounts Payable                                     (1,437,000)
Interest & Dividend Payable                           1,806,000
Accrued Other Expenses                                5,675,000
Unexpired Subscriptions & Deferred Revenue           12,601,000
Short Term Liabilities                                  323,000
                                                  -------------
Total Current Liabilities                            18,968,000

Pre-Petition Long Term Debt                                   -
Post-Petition Debt                                            -
Troubled Debt                                        (1,368,000)
Other Non Current Liabilities                            49,000
Preferred Stock - Mandatorily Redeemable             10,460,000
                                                  -------------
Total Liabilities Not Subject to Compromise          28,110,000

LIABILITIES SUBJECT TO COMPROMISE:
Accounts Payable                                     11,764,000
Interest & Dividend Payable                          36,941,000
Accrued Other Expenses                                7,512,000
Unexpired Subscriptions & Deferred Revenue                    -
Short Term Liabilities                                4,226,000
                                                  -------------
Total Current Liabilities                            60,442,000

Long Term Debt                                      391,471,000
Troubled Debt                                        23,935,000
Other Non Current Liabilities                        16,467,000
Preferred Stock - Mandatorily Redeemable          1,128,087,000
                                                  -------------
Total Liabilities Subject to Compromise           1,620,403,000

Total Liabilities                                 1,648,513,000

Stockholders' Equity/Deficit                     (1,342,958,000)
                                                  -------------
Total Liabilities and Equity/Deficit               $305,555,000
                                                  =============

                      Ziff Davis Media Inc.
                     Statement of Operations
             For the Period March 6 to March 31, 2008

Total Revenue                                        $4,276,000
Total Cost of Sales                                   3,687,000
Total Circ/Prod/DB Mktg                                  92,000
                                                  -------------
Income Before Indirect Expense                          497,000

Rent, O&M, Telecom                                      302,000
Corporate                                               615,000
                                                  -------------
EBITDAR                                                (420,000)
Discontinued Operations                                       -
Unreconciled Differences                                      -
Gain/Loss on Sale                                             -
Equity Income from JV                                         -
Employee Stock Option Expense                                 -
Restructuring Expense                                   173,000
                                                  -------------
EBITDA                                                 (592,000)

Depreciation                                            621,000
Amortization                                            890,000
                                                  -------------
EBIT                                                 (2,104,000)

Interest Expense (Cash + PIK)                         2,668,000
Interest Income                                        (365,000)
                                                  -------------
Total Interest Expense                                2,304,000

Taxes                                                     6,000
                                                  -------------
Net Income                                          ($4,413,000)
                                                  =============

                      Ziff Davis Media Inc.
                       Cash Flow Statement
             For the Period March 6 to March 31, 2008

Net Income                                          ($4,413,000)
Depreciation                                            621,000
Amortization                                            890,000
Accrued dividends on preferred stock                 10,460,000
Changes in Working Capital
     Accounts Receivable                             (1,559,000)
     Inventory                                                -
     Other Assets                                       724,000
     Accounts Payable                                (1,437,000)
     Accrued Liabilities                              3,396,000
     Other Current Liabilities                          323,000
  Change in Long Term Liabilities                    (1,318,000)
                                                  -------------
Cash Flows from Operations                            7,687,000

Cash Flows from Investing
Capex                                                  (255,000)
                                                  -------------
Cash Flows from Investing                              (255,000)

Cash Flows from Financing                                     -
                                                  -------------
Cash Flows from Financing                                     -

Beginning Cash Position                            $120,870,000
Change in Cash                                        7,431,000
                                                  -------------
Ending Cash Position                                120,708,000

Segregated Account                                  101,489,000
                                                  -------------
Cash Available                                      $19,219,000
                                                  =============

Upon computation, the Beginning Cash Position added to the Change
In Cash do not concur with the $120,708,000 Ending Cash Position.

A full-text copy of Ziff Davis Media Inc.'s Monthly Operating
Report for the month of March is available for free at:

           http://bankrupt.com/misc/ZIFF_March_MOR.pdf

                   About Ziff Davis Media, Inc.

Headquartered in New York city, Ziff Davis Media, Inc. --
http://www.ziffdavis.com/-- and its affiliates are integrated          
media companies serving the technology and videogame markets.  
They are information services and marketing solutions providers of
technology media, including publications, Websites, conferences,
events, eSeminars, eNewsletters, custom publishing, list rentals,
research and market intelligence.  Their US-based media properties
reach over 22 million people per month at work, home and play.  
They operate in three segments: the Consumer Tech Group, which
includes PC Magazine and pcmag.com; the Enterprise Group, which
includes eWEEK and eweek.com, and the Game Group, which includes
Electronic Gaming Monthly and 1up.com.

Ziff Davis Holdings Inc. is the ultimate parent company of Ziff
Davis Media Inc.

The company and six debtor-affiliates filed for bankruptcy
protection on March 5, 2008 (Bankr. S.D.N.Y., Case No. 08-10768).  
Carey D. Schreiber, Esq. at Winston & Strawn, LLP represents the
Debtors in their restructuring efforts.  An Official Committee of
Unsecured Creditors have been appointed in the case.  When Ziff
Davis filed for bankruptcy protection, it listed assets of between
$100 million to $500 million and debts of $500 million to $1
billion.  

The Debtors delivered to the United States Bankruptcy Court for
the Southern District of New York, a Joint Chapter 11 Plan of
Reorganization, on March 26, 2008.  The Plan confirmation hearing
is scheduled for June 25, 2008 at 10:00 a.m., prevailing Eastern
time.  (Ziff Davis Bankruptcy News, Issue No. 13, Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstandor       
215/945-7000)


ZIFF DAVIS: Submits April 2008 Monthly Operating Report
-------------------------------------------------------

                      Ziff Davis Media, Inc.
             Summary of Cash Receipts & Disbursements
                 For the period ended April 2008

Beginning balance in all accounts                  $121,149,164

RECEIPTS:
Receipts from operations                              4,600,275
Subtenant & TSA                                         732,607
Interest income                                         192,997
ZDE case                                                130,084
                                                   ------------
Receipts Total                                        5,655,965

DISBURSEMENTS:
Payroll, taxes, & benefits
     Payroll & payroll taxes                          1,894,237
     401k                                               185,554
     UHC & Metlife                                      173,430
     Flex spending                                       10,000
     Insurance benefit invoices                          68,914
Necessary expenses
     Rent NY & SF                                     1,210,906
     Operating expenses                               2,743,032
     Financial restructuring                            324,644
     Restricted account disbursements                81,000,030
     ZDE disbursements                                  130,084
                                                   ------------
Disbursements Total                                  87,740,834

Net Receipts (Disbursements)                        (82,084,869)

Ending Book Cash Balance                             39,064,294

Ending Bank Balance at 4/30/08
     Merrill Lynch - Main operating acct.            16,982,900
     Bank of New York - Legacy operating acct.                1
     Bank of New York - Overnight investment acct.    1,325,462
     U.S. Bank - Subscriptions receivable acct.          52,693
     Bank of New York - Advertising credit card         472,420
                        receivables acct.
     Merrill Lynch - Payroll acct.                        6,529
     Merrill Lynch - Flex acct.                           4,624
     Merrill Lynch - Refunds acct.                        1,084
     Merrill Lynch - Sweepstakes acct.                   17,054
     Merrill Lynch - Segregated acct.                20,619,248
     JPMorgan Chase - Inactive                           33,498
     LaSalle Bank - Inactive                                  -
     U.S. Bank - Inactive                                     -
                                                   ------------
Ending balance in all accounts                       39,515,517

Outstanding checks                                     (385,468)
Other reconciling items                                 (65,753)
                                                   ------------
Ending Book Balance at 4/30/08                      $39,064,294
                                                   ============

A full-text copy of Ziff Davis Media Inc.'s Monthly Operating
Report for the month of April is available for free at:

           http://bankrupt.com/misc/ZIFF_April_MOR.pdf

                   About Ziff Davis Media, Inc.

Headquartered in New York city, Ziff Davis Media, Inc. --
http://www.ziffdavis.com/-- and its affiliates are integrated          
media companies serving the technology and videogame markets.  
They are information services and marketing solutions providers of
technology media, including publications, Websites, conferences,
events, eSeminars, eNewsletters, custom publishing, list rentals,
research and market intelligence.  Their US-based media properties
reach over 22 million people per month at work, home and play.  
They operate in three segments: the Consumer Tech Group, which
includes PC Magazine and pcmag.com; the Enterprise Group, which
includes eWEEK and eweek.com, and the Game Group, which includes
Electronic Gaming Monthly and 1up.com.

Ziff Davis Holdings Inc. is the ultimate parent company of Ziff
Davis Media Inc.

The company and six debtor-affiliates filed for bankruptcy
protection on March 5, 2008 (Bankr. S.D.N.Y., Case No. 08-10768).  
Carey D. Schreiber, Esq. at Winston & Strawn, LLP represents the
Debtors in their restructuring efforts.  An Official Committee of
Unsecured Creditors have been appointed in the case.  When Ziff
Davis filed for bankruptcy protection, it listed assets of between
$100 million to $500 million and debts of $500 million to $1
billion.  

The Debtors delivered to the United States Bankruptcy Court for
the Southern District of New York, a Joint Chapter 11 Plan of
Reorganization, on March 26, 2008.  The Plan confirmation hearing
is scheduled for June 25, 2008 at 10:00 a.m., prevailing Eastern
time.  (Ziff Davis Bankruptcy News, Issue No. 13, Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstandor       
215/945-7000)

                             *********

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
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On Thursdays, the TCR delivers a list of recently filed chapter 11
cases involving less than $1,000,000 in assets and liabilities
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Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
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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.  Shimero R. Jainga, Ronald C. Sy, Joel Anthony G. Lopez,
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Copyright 2008.  All rights reserved.  ISSN: 1520-9474.

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                    *** End of Transmission ***