TCR_Public/080809.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, Aug. 9, 2008, Vol. 12, No. 189

                             Headlines

AMPEX CORP: Reports $1,883,000 Net Loss in May 25 to June 28
ASARCO LLC: Earns $24,416,000 in Month Ended June 30, 2008
ATA AIRLINES: Delivers Operating Report for June 1 to 30, 2008
CHARYS HOLDING: Delivers Feb. 15 to March 31, 2008 Report
CHARYS HOLDING: Misses Filing of April 2008 Operating Report

CHARYS HOLDING: Delivers May 2008 Monthly Operating Report
FEDDERS CORP: Submits April 2008 Monthly Operating Report
FEDDERS CORP: Submits May 2008 Monthly Operating Report
FRONTIER AIRLINES: Posts $8,835,000 Net Loss in June 2008
KIMBALL HILL: Delivers June 2008 Monthly Operating Report

KIMBALL HILL: Amends Schedules of Assets and Liabilities
KIMBALL HILL: KH California Amends Schedules of Assets and Debts
KIMBALL HILL: KH Houston Amends Schedules of Assets & Liabilities
KIMBALL HILL: KH Nevada Amends Schedules of Assets and Liabilities
KIMBALL HILL: 11 Affiliates Amend Schedules of Assets and Debts

KIMBALL HILL: 14 Affiliates Amend Schedules of Assets and Debts
LINENS 'N THINGS: Files Operating Report for June 28, 2008
NETBANK INC: Delivers June 2008 Monthly Operating Report
PACIFIC LUMBER: Scotia Dev't Files June 2008 Operating Report
PACIFIC LUMBER: Scotia Pacific Files June 2008 Operating Report

PERFORMANCE TRANS: Liquidating Trustee Submits April 2008 Report
PERFORMANCE TRANS: Liquidating Trustee Submits May 2008 Report
PERFORMANCE TRANS: Liquidating Trustee Submits June 2008 Report
PRC LLC: Posts $8,655,000 Net Loss in Month Ended June 30, 2008
SHARPER IMAGE: Files June 30, 2008 Operating Report

TARPON INDUSTRIES: Files June 2008 Monthly Operating Report
TARPON INDUSTRIES: Eugene Welding Files June 2008 Report
TRICOM SA: Reports $20,647 Net Earnings in March 2008
TRICOM SA: Reports $795,816 Net Loss in April 2008
TRICOM SA: Reports $1,515,337 Net Loss in May 2008

TRICOM SA: Reports $2,337,457 Net Loss in June 2008
ZIFF DAVIS: Submits June 2008 Monthly Operating Report

                             *********

AMPEX CORP: Reports $1,883,000 Net Loss in May 25 to June 28
------------------------------------------------------------
Ampex Corp. and its debtor-affiliates filed their monthly
operating report for the period from May 25, 2008 through
June 28, 2008.

Consolidated balance sheet as of June 28, 2008, showed total
assets of $23,018,000, total liabilities of $133,941,000,
stockholders' deficit of $110,923,000.

Debtor-in-possession balance sheet as of June 28, 2008, showed
total assets of $18,100,000, total liabilities of $130,339,000,
stockholders' deficit of $112,239,000.

Total revenue for the period was $3,489,000 and net loss was
$1,883,000.

A full-text copy of the Debtors' May 25 to June 28, 2008 monthly
operating report is available for free at:

               http://ResearchArchives.com/t/s?3087

                         About Ampex Corp.

Headquartered in Redwood City, California, Ampex Corp. --  
http://www.ampex.com/-- (Nasdaq:AMPX) is a licensor of visual          
information technology.  The company has two business segments:
Recorders segment and Licensing segment.  The Recorders segment
primarily includes the sale and service of data acquisition and
instrumentation recorders (which record data and images rather
than computer information), and to a lesser extent mass data
storage products.  The Licensing segment involves the licensing
of intellectual property to manufacturers of consumer digital
video products through their corporate licensing division.

On March 30, 2008, Ampex Corp. and six affiliates filed for
protection under Chapter 11 of the Bankruptcy Code with the U.S.
Bankruptcy Court for the Southern District of New York (Case
Nos. 08-11094 through 08-11100).  Matthew Allen Feldman, Esq.,
and Rachel C. Strickland, Esq., at Willkie Farr & Gallagher LLP,
represent the Debtors in their restructuring efforts.  The
Debtors have also retained Conway Mackenzie & Dunleavy as their  
financial advisors.  In its schedules of assets and liabilities
filed with the Court, Ampex Corp. disclosed total assets of
$9,770,089 and total debts of $82,488,054.

The Debtors have nine foreign affiliates that are incorporated
in seven countries -- one each in the United Kingdom, Japan,
Belgium, Colombia and Brazil and two each in Germany and Mexico.  
With the exception of the affiliates located in the U.K. and
Japan, none of the other foreign affiliates conduct meaningful
business activity.  As of March 30, 2008, none of the foreign
affiliates have commenced insolvency proceedings.

On July 9, 2008, the Court confirmed the Debtors' first modified
third amended joint Chapter 11 plan of reorganization.


ASARCO LLC: Earns $24,416,000 in Month Ended June 30, 2008
----------------------------------------------------------

                        ASARCO LLC, et al.
                           Balance Sheet
                        As of June 30, 2008
        
ASSETS
   Current Assets:
   Cash                                        $1,130,059,000
   Restricted Cash                                 25,586,000
   Accounts receivable, net                       186,760,000
   Inventory                                      303,462,000
   Prepaid expenses                                 5,230,000
   Other current assets                            15,463,000
                                               --------------
Total Current Assets                            1,666,560,000
   
Net property, plant and equipment                 503,001,000
Other Assets   
   Investments in subs                             99,769,000
   Advances to affiliates                             605,000
   Prepaid pension & retirement plan                        0
   Non-current deferred tax asset                  40,951,000
   Other                                           69,101,000
                                               --------------
Total assets                                   $2,379,987,000
                                               ==============
        
LIABILITIES
   Postpetition liabilities:
   Accounts payable                               $82,628,000
   Accrued liabilities                            670,134,000
   Debtor-in-possession financing                           0
                                               --------------
   Total postpetition liabilities                 752,762,000
   Prepetition liabilities:
   Not subject to compromise - credit               3,516,000
   Not subject to compromise - other               78,457,000
   Advances from affiliates                        24,736,000
   Subject to compromise                        1,719,092,000
                                               --------------
   Total prepetition liabilities                1,825,802,000
                                               --------------
   Total liabilities                           $2,578,564,000
                                               ==============
   OWNERS' EQUITY (DEFICIT)
   Common stock                                   508,324,000
   Additional paid-in capital                     104,578,000
   Other comprehensive income                    (218,855,000)
   Retained earnings: filing date              (1,673,410,000)
                                               --------------
   Total prepetition owners' equity            (1,279,363,000)
   Retained earnings: post-filing date          1,080,787,000
                                               --------------
   Total owners' equity (net worth)              (198,575,000)
        
   Total liabilities and owners' equity        $2,379,987,000
                                               ==============

                        ASARCO LLC, et al.
                 Consolidated Statement of Operations
                    Month Ended June 30, 2008
        
   Sales                                         $150,127,000
   Cost of products and services                   80,118,000
                                               --------------
   Gross profit                                    70,009,000
        
   Operating expenses:
   Selling and general & admin expenses             3,973,000
   Depreciation & amortization                      3,030,000
   Accretion expense                                  103,000
                                               --------------
   Operating income                                62,904,000
        
   Interest expense                                     2,000
   Interest income                                 (3,209,000)
   Reorganization expenses                         14,300,000
   Other miscellaneous (income) expenses           (9,139,000)
                                               --------------
   Income (loss) before taxes                      60,949,000
   Income taxes                                    24,416,000
                                               --------------
   Net income (loss)                              $24,416,000
                                               ==============
        
                         ASARCO LLC, et al.
             Consolidated Cash Receipts & Disbursements
                    Month Ended June 30, 2008
        
   Receipts                                      $164,608,000
   Disbursements:
   Inventory material                              17,419,000
   Operating disbursements                         69,774,000
   Capital expenditures                             2,572,000
                                               --------------
   Total disbursements                             89,766,000
        
   Operating cash flow                             74,842,000
   Reorganization disbursements                     7,655,000
                                               --------------
   Net cash flow                                   67,187,000
   Net payments to secured Lenders                          0
                                               --------------
   Net change in cash                              67,187,000
   Beginning cash balance                       1,088,458,000
                                               --------------
   Ending cash balances                        $1,155,645,000
                                               ==============

                         About ASARCO LLC

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).

The Debtors submitted to the Court a joint plan of reorganization
and disclosure statement on July 31, 2008.  (ASARCO Bankruptcy
News, Issue No. 78; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


ATA AIRLINES: Delivers Operating Report for June 1 to 30, 2008
--------------------------------------------------------------
ATA Airlines, Inc., Chief Restructuring Officer Steve Turoff
filed with the Court the airlines' monthly operating report for
the period June 1 to 30, 2008.

For the month of June, Mr. Turoff disclosed, ATA Airlines had
$1,007,061 in cash loss and $2,072,117 in total payables.

The total professional fee incurred by or on behalf of ATA
Airlines during the reporting period is $802,571, of which
$794,448 was incurred related to bankruptcy.

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

RECEIPTS
   Military                                                 -
   Charter                                                  -
   Scheduled Service                                        -
   Asset Sales--Inventory                                   -
   Asset Sales--Ground Equipment                     $408,530
   Asset Sales--Rotables                                    -
   Return of Deposits/Prepaids                        685,760
   Cash Collateral/LOCs                                82,832
   Interest                                            15,746
   Miscellaneous                                      738,686
                                                 ------------
   Total                                           $1,931,555
                                                 ============

DISBURSEMENTS:
   Base Payroll Inc. All Taxes                        610,750
   Stay Bonus                                         109,807
   Benefits                                            55,976
   Employee Expense Payments                            4,273
   Facilities                                         105,079
   Utilities/Communications                           138,120
   Contract Labor                                      20,737
   Professionals                                    1,024,116
   US Trustee                                               -
   Aircraft Ferry Cost                                 13,461
   Engine Changes/Certificate Mx                       19,276
   Insurance--D&O/Misc.                                     -
   Health Insurance Run-off Reserve                         -
   Cobra Reserve                                      900,000
   Security                                                 -
   Shipping/Cargo                                      94,474
   Returned Checks                                   (204,885)
   Miscellaneous                                       47,432
                                                 ------------
   Total                                           $2,938,616
                                                 ============

Beginning Balance                                  23,732,707  
Receipts                                            1,931,555    
Disbursements                                      (2,938,616)
                                                 ------------  
Ending Balance                                    $22,725,645   
                                                 ============

                        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, 2008 (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 Court gave ATA Airlines Inc. until
Feb. 26, 2009, to file its Chapter 11 plan and April 27, 2009, to
solicit acceptances of that plan.

(ATA Airlines Bankruptcy News, Issue No. 88; Bankruptcy Creditors'
Services Inc. http://bankrupt.com/newsstand/or 215/945-7000).


CHARYS HOLDING: Delivers Feb. 15 to March 31, 2008 Report
---------------------------------------------------------
Charys Holding Co., Inc., filed its monthly operating report for
the period Feb. 15, 2008, through March 31, 2008:

   Cash at the beginning of the month             $347
   Total receipts                              559,997
   Total Disbursements                         383,362
   Cash at the end of the month               $176,982

A full-text copy of the Debtor's monthly operating report is
available for free at http://ResearchArchives.com/t/s?3082

                       About Charys Holding

Headquartered in Atlanta, Georgia, Charys Holding Co., Inc., --
http://www.charys.com/-- provides remediation & reconstruction   
and wireless communications & data infrastructure.  The company
and its Crochet & Borel Services, Inc. subsidiary filed for
Chapter 11 protection on Feb. 14, 2008 (Bankr. Del. Case No.08-
10289).  Chun I. Jang, Esq., Mark D. Collins, Esq., and Paul Noble
Heath, Esq., at Richards, Layton & Finger, P.A., represent the
Debtors in their restructuring efforts.  No Official Committee of
Unsecured Creditors has been appointed in these cases to date.  
The Debtors' schedules show total assets of $818,880 and total
liabilities of $286,416,560.


CHARYS HOLDING: Misses Filing of April 2008 Operating Report
------------------------------------------------------------
Charys Holding Co., Inc. did not file with the U.S. Securities and
Exchange Commission its monthly operating report for the period
April 1, 2008, through April 30, 2008.

                       About Charys Holding

Headquartered in Atlanta, Georgia, Charys Holding Co., Inc., --
http://www.charys.com/-- provides remediation & reconstruction   
and wireless communications & data infrastructure.  The company
and its Crochet & Borel Services, Inc. subsidiary filed for
Chapter 11 protection on Feb. 14, 2008 (Bankr. Del. Case No.08-
10289).  Chun I. Jang, Esq., Mark D. Collins, Esq., and Paul Noble
Heath, Esq., at Richards, Layton & Finger, P.A., represent the
Debtors in their restructuring efforts.  No Official Committee of
Unsecured Creditors has been appointed in these cases to date.  
The Debtors' schedules show total assets of $818,880 and total
liabilities of $286,416,560.


CHARYS HOLDING: Delivers May 2008 Monthly Operating Report
----------------------------------------------------------
Charys Holding Co., Inc. filed its monthly operating report for
May 2008:

   Cash at the beginning of the month          $80,522
   Total receipts                              265,000
   Total Disbursements                         341,642
   Cash at the end of the month                 $3,880

A full-text copy of the Chary's May 2008 schedule of cash
receipts and disbursements is available for free at:

              http://ResearchArchives.com/t/s?3084

For the period May 1 to May 31, 2008, Charys generated $1,300,000
in gross revenues and net profit of $215,921.

A full-text copy of the Chary's May 2008 statement of operations
is available for free at:

              http://ResearchArchives.com/t/s?3085

As of May 31, 2008, Chary's had total assets of $231,696,891,
total liabilities of $375,979,855, and stockholders' deficit of
$144,282,964.

A full-text copy of the Chary's May 2008 balance sheet is
available for free at http://ResearchArchives.com/t/s?3086

                       About Charys Holding

Headquartered in Atlanta, Georgia, Charys Holding Co., Inc., --
http://www.charys.com/-- provides remediation & reconstruction   
and wireless communications & data infrastructure.  The company
and its Crochet & Borel Services, Inc. subsidiary filed for
Chapter 11 protection on Feb. 14, 2008 (Bankr. Del. Case No.08-
10289).  Chun I. Jang, Esq., Mark D. Collins, Esq., and Paul Noble
Heath, Esq., at Richards, Layton & Finger, P.A., represent the
Debtors in their restructuring efforts.  No Official Committee of
Unsecured Creditors has been appointed in these cases to date.  
The Debtors' schedules show total assets of $818,880 and total
liabilities of $286,416,560.


FEDDERS CORP: Submits April 2008 Monthly Operating Report
---------------------------------------------------------
Fedders Corporation and its affiliates filed their monthly
operating report for April 2008.  Net sales for the month were
$2,631,000 and net loss for the month was $5,994,000.

As of April 30, 2008, Fedders entities posted total assets of
$104,100,000, total liabilities of $320,862,000, and stockholders'
deficit of $216,762,000.

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

              http://ResearchArchives.com/t/s?2ed0

                    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.

Fedders Corporation and its debtor-affiliates have filed a joint
plan of liquidation.  The disclosure statement explaining that
plan was approved by the Court on June 6, 2008.  Plan confirmation
hearing is slated for Aug. 21, 2008.


FEDDERS CORP: Submits May 2008 Monthly Operating Report
-------------------------------------------------------
Fedders Corporation and its affiliates filed their monthly
operating report for May 2008.  Net sales for the month were
$2,857,000 and net loss for the month was $5,197,000.

As of May 31, 2008, Fedders entities posted total assets of
$94,626,000, total liabilities of $316,374,000, and stockholders'
deficit of $221,748,000.

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

              http://ResearchArchives.com/t/s?3081

                    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.

Fedders Corporation and its debtor-affiliates have filed a joint
plan of liquidation.  The disclosure statement explaining that
plan was approved by the Court on June 6, 2008.  Plan
confirmation hearing is slated for Aug. 21, 2008.


FRONTIER AIRLINES: Posts $8,835,000 Net Loss in June 2008
---------------------------------------------------------

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

                            ASSETS

CURRENT
ASSETS:                                                                      
   Cash and cash equivalents                         $59,314,000
   Short-term investments                              7,480,000
   Restricted investments                            115,503,000
   Receivables, net of an allowance for
     doubtful accounts                                60,690,000
   Security and other deposits                                 -
   Prepaid expenses and other assets                  29,279,000
   Inventories, net of allowance                      18,883,000
   Assets held for sale                                  959,000
                                                  --------------
Total current assets                                 292,108,000

Property and other equipment, net                    811,547,000
Security and other deposits                           25,499,000
Aircraft pre-delivery payments                        13,985,000
Restricted investments                                 2,845,000
Deferred loan expenses and other assets               15,511,000
                                                  --------------
Total Assets                                      $1,161,495,000
                                                  ==============

              LIABILITIES AND STOCKHOLDERS' DEFICIT

Liabilities not subject to compromise:

CURRENT LIABILITIES:                                             
   Accounts payable                                  $40,722,000
   Air traffic liability                             236,904,000
   Other accrued expenses                             58,872,000
   Deferred revenue
     and other current liabilities                    18,352,000
   PDP financing                                       3,139,000
                                                  --------------
Total current liabilities
   not subject to compromise                         357,989,000

Deferred revenue and other liabilities                23,462,000
                                                  --------------
Total liabilities not subject to compromise          381,451,000

Liabilities subject to compromise                    684,802,000
                                                  --------------
Total Liabilities                                  1,066,253,000

STOCKHOLDERS' DEFICIT:
   Preferred stock                                             -
   Common stock                                           37,000
   Additional paid-in capital                        196,232,000
   Unearned ESOP shares                                 (411,000)
   Other comprehensive loss                                    -
   Accumulated deficit                              (100,616,000)
                                                  --------------
Total Stockholders' Equity                            95,242,000
                                                  --------------
Total Liabilities and Stockholders' Equity        $1,161,495,000
                                                  ==============

            FRONTIER AIRLINES HOLDINGS, INC., ET AL
        Unaudited Consolidated Statement of Operations
                    Month Ended June 30, 2008

Revenues:
   Passenger                                        $127,999,000
   Cargo                                                 589,000
   Other                                               3,481,000
                                                  --------------
Total revenues                                       132,069,000

Operating expenses:
   Flight operations                                  14,314,000
   Aircraft fuel                                      65,969,000
   Aircraft lease                                      9,862,000
   Aircraft and traffic servicing                     15,538,000
   Maintenance                                         9,375,000
   Promotion and sales                                10,166,000
   General and administrative                          2,476,000
   Operating expenses -- regional partner              2,864,000
   Loss (gain) on sales of assets, net                   373,000
   Employee separation and other charges                 570,000
   Depreciation                                        3,717,000
                                                  --------------
Total operating expenses                             135,224,000
                                                  --------------
Operating loss                                        (3,155,000)

Non-operating income (expense):
   Interest income                                       374,000
   Interest expense                                   (1,393,000)
   Loss from early extinguishment of debt                      -
   Other, net                                         (1,294,000)
                                                  --------------
Total non-operating expense, net                      (2,313,000)

Loss before reorganization items & income taxes       (5,468,000)
   Reorganization items                                3,367,000
   Income taxes                                                -
                                                  --------------
Net Loss                                             ($8,835,000)
                                                  ==============

              FRONTIER AIRLINES HOLDINGS, INC., ET AL.
           Unaudited Consolidated Statement of Cash Flow
                      Month Ended June 30, 2008

Cash flows from operating activities:
   Net Loss                                          ($8,835,000)

   Adjustments to reconcile net loss to net cash in
   operating activities:
     ESOP and stock option compensation expense          211,000
     Depreciation and amortization                     3,784,000
     Assets beyond economic repair                       176,000
     Mark to market losses on derivative contracts             -
     (Loss) Gain on disposal of equipment
      and other assets, net                              373,000
     Loss on early extinguishment of debt                      -
     Unrealized loss on short-term investments         1,320,000
   Changes in operating assets and liabilities:
     Restricted investments                          (15,023,000)
     Receivables                                       8,865,000
     Security and other deposits                        (177,000)
     Prepaid expenses and other assets                 3,265,000
     Inventories                                       1,070,000
     Other assets                                       (584,000)
     Accounts payable                                (23,654,000)
     Air traffic liability                            (9,914,000)
     Other accrued expenses                           (2,937,000)
     Deferred revenue and other liabilities             (245,000)
                                                  --------------
Net cash used in operating activities                (42,305,000)

Cash flows from investing activities:
   Proceeds from the sale of property
    and assets held for sale                             101,000
   Capital expenditures                                 (599,000)
                                                  --------------
Net cash used in investing activities                   (498,000)

Cash flows from financing activities:
   Extinguishment of long-term borrowings                      -
   Principal payments on long-term borrowings         (7,858,000)
   Payment of financing fees                             (83,000)
                                                  --------------
Net cash used in financing activities                 (7,941,000)

Decrease in cash and cash equivalents                (50,744,000)
Cash and cash equivalents at beginning of period     110,058,000
                                                  --------------
Cash and cash equivalents at end of period           $59,314,000
                                                  ==============

                   About Frontier Airlines Inc.

Headquartered in Denver, Colorado, Frontier Airlines Inc. --
http://www.frontierairlines.com/-- provide air transportation       
for passengers and freight.  They 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 thru 08-11299.)  Hugh R. McCullough, Esq., at Davis Polk &
Wardwell, represents the Debtors in their restructuring efforts.
Togul, Segal & Segal LLP is the Debtors' Conflicts Counsel, Faegre
& Benson LLP is the Debtors' Special Counsel, and Kekst and
Company is the Debtors' Communications Advisors.  At Dec. 31,
2007, Frontier Airlines Holdings Inc. and its subsidiaries'
total assets was $1,126,748,000 and total debts was
$933,176,000.

(Frontier Airlines Bankruptcy News, Issue No. 15; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or     
215/945-7000)


KIMBALL HILL: Delivers June 2008 Monthly Operating Report
---------------------------------------------------------

                        Kimball Hill, Inc.
           Summary of Cash Receipts and Disbursements
             For the Period from June 1 to 30, 2008


Beginning Cash Balance                               $84,701,355

Receipts from operations
    Accounts receivable receipts                      32,290,717
    Notes receivable receipts                                  0
    Accts. Receivable collection for non-debtors       2,747,945

Other receipts
    Interest income                                       73,793
    Proceeds from sale of fixed assets                         0
    Oil exploration revenue                              229,851
    Income tax refunds                                         0
    Customer deposits                                    380,764
    Customer deposits for non-debtors                      5,000
    Miscellaneous receipts                               266,353
                                                   -------------
Total Receipts                                       $35,994,423
                                                   -------------
Disbursements
    Payroll
     Officers                                            436,556
     Others                                            2,107,483
      Total Payroll                                -------------
                                                       2,544,040
    Taxes
     Federal income tax                                  553,633
     FICA withholdings                                   238,083
     Employee's withholdings                                   0
     Employer's FICA                                     238,084
     Federal unemployment taxes                              492
     State income tax                                     50,705
     State employee withholdings                               0
     All other state taxes                                 2,285
     State unemployment taxes                              2,741
                                                   -------------
      Total Taxes                                      1,086,023

Necessary expenses
    Homebuilding costs                                15,613,847
    Debt and interest payments                         1,341,711
    General and administrative costs                   2,469,177
    Permits                                              869,401
    Land and land Development                          3,667,293
    Medical health claims                                398,450
    Customer deposit refunds                              63,038
    401K funding                                         190,869
    Texas sales taxes                                    118,028
    Professional fees                                    983,499
    Warranty costs                                       298,908
    Flex spending reimbursements                           8,084
                                                   -------------
     Total Necessary Expenses                         26,022,305

Total Disbursements                                   29,652,367
                                                   -------------

Net receipts for the period                            6,342,056

Ending Cash Balance                                  $91,043,411
                                                   =============

                        About Kimball Hill

Based in Rolling Meadow, Illinois, Kimball Hill Inc. --
http://www.kimballhillhomes.com/-- is one of the largest              
privately-owned homebuilders and one of the 30 largest
homebuilders in the United States, as measured by home deliveries
and revenues.  The company designs, builds and markets single-
family detached, single-family attached and multi-family homes.
The company currently operate within 12 markets, including, among
others, Chicago, Dallas, Ft. Worth, Houston, Las Vegas, Sacramento
and Tampa, in five regions: Florida, the Midwest, Nevada, the
Pacific Coast and Texas.

Kimball Hill, Inc. and 29 of its affiliates filed for Chapter 11
protection on April 23, 2008 (Bankr. N.D. Ill. Lead Case No. 08-
10095).  Ray C. Schrock, Esq., at Kirkland & Ellis LLP, represents
the Debtors in their restructuring efforts.  The Debtors'
consolidated financial condition as of Dec. 31, 2007 reflected
total assets of $795,473,000 and total debts $631,867,000.

The Debtors have until Aug. 21, 2008, to exclusively file a
bankruptcy plan.  (Kimball Hill Bankruptcy News, Issue No. 9;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KIMBALL HILL: Amends Schedules of Assets and Liabilities
--------------------------------------------------------
Bradley R. Grining, vice president and controller of Kimball
Hill Inc., discloses that certain creditors have been added to
the company's schedules of unsecured non-priority claims, a full-
text copy of which is available for free at:

              http://researcharchives.com/t/s?3041

Mr. Grining adds that Kimball Hill's Schedule B has been revised
to read as personal property inventory, rather than real property
inventory.  The revision is consistent with the Debtor's
treatment of its inventory, consisting of land held for resale,
for accounting and tax purposes.  Certain of Kimball Hill's
security deposits with certain public utilities and other parties
have not been listed in the Schedules, the company notes.

                        About Kimball Hill

Based in Rolling Meadow, Illinois, Kimball Hill Inc. --
http://www.kimballhillhomes.com/-- is one of the largest              
privately-owned homebuilders and one of the 30 largest
homebuilders in the United States, as measured by home deliveries
and revenues.  The company designs, builds and markets single-
family detached, single-family attached and multi-family homes.
The company currently operate within 12 markets, including, among
others, Chicago, Dallas, Ft. Worth, Houston, Las Vegas, Sacramento
and Tampa, in five regions: Florida, the Midwest, Nevada, the
Pacific Coast and Texas.

Kimball Hill, Inc. and 29 of its affiliates filed for Chapter 11
protection on April 23, 2008 (Bankr. N.D. Ill. Lead Case No. 08-
10095).  Ray C. Schrock, Esq., at Kirkland & Ellis LLP, represents
the Debtors in their restructuring efforts.  The Debtors'
consolidated financial condition as of Dec. 31, 2007 reflected
total assets of $795,473,000 and total debts $631,867,000.

The Debtors have until Aug. 21, 2008, to exclusively file a
bankruptcy plan.  (Kimball Hill Bankruptcy News, Issue No. 9;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KIMBALL HILL: KH California Amends Schedules of Assets and Debts
----------------------------------------------------------------
Bradley R. Grining, vice president and controller of Kimball
Hill Inc., relates that Kimball Hill Homes California, Inc.,
have quantified certain previously undetermined secured claims in
its Schedules of Assets and Liabilities, increasing the reported
claims by $10,756,547.  The additional secured claims are:

        Claimant                          Claim Amount
        --------                          ------------
        B&D, Inc.                            $260,000         
        Creative Touch Interiors           10,000,000
        Premier Landscapes                     70,000
        Prosiding, Inc.                         5,695
        Valley Landscaping                    420,852

                       About Kimball Hill

Based in Rolling Meadow, Illinois, Kimball Hill Inc. --
http://www.kimballhillhomes.com/-- is one of the largest              
privately-owned homebuilders and one of the 30 largest
homebuilders in the United States, as measured by home deliveries
and revenues.  The company designs, builds and markets single-
family detached, single-family attached and multi-family homes.
The company currently operate within 12 markets, including, among
others, Chicago, Dallas, Ft. Worth, Houston, Las Vegas, Sacramento
and Tampa, in five regions: Florida, the Midwest, Nevada, the
Pacific Coast and Texas.

Kimball Hill, Inc. and 29 of its affiliates filed for Chapter 11
protection on April 23, 2008 (Bankr. N.D. Ill. Lead Case No. 08-
10095).  Ray C. Schrock, Esq., at Kirkland & Ellis LLP, represents
the Debtors in their restructuring efforts.  The Debtors'
consolidated financial condition as of Dec. 31, 2007 reflected
total assets of $795,473,000 and total debts $631,867,000.

The Debtors have until Aug. 21, 2008, to exclusively file a
bankruptcy plan.  (Kimball Hill Bankruptcy News, Issue No. 9;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KIMBALL HILL: KH Houston Amends Schedules of Assets & Liabilities
-----------------------------------------------------------------
Bradley R. Grining, vice president and corporate controller of
Kimball Hill Inc., relates that Kimball Hill Homes Houston, L.P.,
has revised Schedule F of its Schedules to reflect total
unsecured non-priority claims, aggregating $232,863,550.  The
revised amount includes a $126,000 claim by MA Sedona Lakes, LP,
pertaining to an agreement to purchase a real property located in
Houston, Texas.

                       About Kimball Hill

Based in Rolling Meadow, Illinois, Kimball Hill Inc. --
http://www.kimballhillhomes.com/-- is one of the largest              
privately-owned homebuilders and one of the 30 largest
homebuilders in the United States, as measured by home deliveries
and revenues.  The company designs, builds and markets single-
family detached, single-family attached and multi-family homes.
The company currently operate within 12 markets, including, among
others, Chicago, Dallas, Ft. Worth, Houston, Las Vegas, Sacramento
and Tampa, in five regions: Florida, the Midwest, Nevada, the
Pacific Coast and Texas.

Kimball Hill, Inc. and 29 of its affiliates filed for Chapter 11
protection on April 23, 2008 (Bankr. N.D. Ill. Lead Case No. 08-
10095).  Ray C. Schrock, Esq., at Kirkland & Ellis LLP, represents
the Debtors in their restructuring efforts.  The Debtors'
consolidated financial condition as of Dec. 31, 2007 reflected
total assets of $795,473,000 and total debts $631,867,000.

The Debtors have until Aug. 21, 2008, to exclusively file a
bankruptcy plan.  (Kimball Hill Bankruptcy News, Issue No. 9;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KIMBALL HILL: KH Nevada Amends Schedules of Assets and Liabilities
------------------------------------------------------------------
The Schedules of Assets and Liabilities of Kimball Hill Nevada,
Inc., reflect additional unsecured non-priority claims in  
unquantified amounts that includes claims by Chicago Title, among
others.

A full-text copy of Kimball Hill Nevada's revised Schedule is
available for free at:

              http://researcharchives.com/t/s?305b

                        About Kimball Hill

Based in Rolling Meadow, Illinois, Kimball Hill Inc. --
http://www.kimballhillhomes.com/-- is one of the largest              
privately-owned homebuilders and one of the 30 largest
homebuilders in the United States, as measured by home deliveries
and revenues.  The company designs, builds and markets single-
family detached, single-family attached and multi-family homes.
The company currently operate within 12 markets, including, among
others, Chicago, Dallas, Ft. Worth, Houston, Las Vegas, Sacramento
and Tampa, in five regions: Florida, the Midwest, Nevada, the
Pacific Coast and Texas.

Kimball Hill, Inc. and 29 of its affiliates filed for Chapter 11
protection on April 23, 2008 (Bankr. N.D. Ill. Lead Case No. 08-
10095).  Ray C. Schrock, Esq., at Kirkland & Ellis LLP, represents
the Debtors in their restructuring efforts.  The Debtors'
consolidated financial condition as of Dec. 31, 2007 reflected
total assets of $795,473,000 and total debts $631,867,000.

The Debtors have until Aug. 21, 2008, to exclusively file a
bankruptcy plan.  (Kimball Hill Bankruptcy News, Issue No. 9;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KIMBALL HILL: 11 Affiliates Amend Schedules of Assets and Debts
---------------------------------------------------------------
Eleven debtor-affiliates of Kimball Hill Inc. amend their
Schedules of Assets and Liabilities to disclose a revision to
Kimball Hill's Global Notes attached to each of the debtor-
affiliates' Schedules.  The 11 debtor affiliates are:

    * Kimball Hill Urban Centers, L.L.C.,                      
    * Kimball Hill Homes Texas Investments, L.L.C.,
    * Kimball Hill Stateway, Inc.,
    * Kimball Hill Homes Texas Operations, L.L.C.,
    * Kimball Hill Urban Centers Special Purposes, LLC,
    * Kimball Hill Homes Ohio, Inc.
    * Kimball Hill Urban Centers Chicago Two, L.L.C.,
    * Kimball Hill Homes Wisconsin, Inc.,
    * KH Financial Holding Company,
    * Kimball Hill Texas Investment Company, L.L.C., and
    * Kimball Hill Homes Realty Florida, Inc.

Parent Kimball Hill's revised Global Notes to its Schedules of
Assets and Liabilities and Statement of Financial Affairs
indicate that Schedule B, which includes inventory of land assets
held for resale by the Debtor, should be captioned as "Personal
Property Inventory" rather than "Real Property Inventory" as was
initially reported.  Parent Kimball Hill and its debtor
affiliates report their financial statements on a consolidated
basis.

                        About Kimball Hill

Based in Rolling Meadow, Illinois, Kimball Hill Inc. --
http://www.kimballhillhomes.com/-- is one of the largest              
privately-owned homebuilders and one of the 30 largest
homebuilders in the United States, as measured by home deliveries
and revenues.  The company designs, builds and markets single-
family detached, single-family attached and multi-family homes.
The company currently operate within 12 markets, including, among
others, Chicago, Dallas, Ft. Worth, Houston, Las Vegas, Sacramento
and Tampa, in five regions: Florida, the Midwest, Nevada, the
Pacific Coast and Texas.

Kimball Hill, Inc. and 29 of its affiliates filed for Chapter 11
protection on April 23, 2008 (Bankr. N.D. Ill. Lead Case No. 08-
10095).  Ray C. Schrock, Esq., at Kirkland & Ellis LLP, represents
the Debtors in their restructuring efforts.  The Debtors'
consolidated financial condition as of Dec. 31, 2007 reflected
total assets of $795,473,000 and total debts $631,867,000.

The Debtors have until Aug. 21, 2008, to exclusively file a
bankruptcy plan.  (Kimball Hill Bankruptcy News, Issue No. 9;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


KIMBALL HILL: 14 Affiliates Amend Schedules of Assets and Debts
---------------------------------------------------------------
A total of 14 debtor-affiliates of Kimball Hill Inc. amend their
Schedules of Assets and Liabilities to reflect certain changes to
Kimball Hill, Inc.'s Global Notes:

     * Kimball Hill Homes Dallas, L.P.,
     * Kimball Hill Homes Florida, Inc.,
     * Kimball Hill Homes Austin, L.P.,
     * KHH Texas Trading Company, L.P.,
     * 18th and Peoria, LLC,
     * Kimball Hill Homes San Antonio, L.P.,
     * Kimball Hill Homes Washington, Inc.,
     * Kimball Hill Homes Texas, Inc.,
     * National Credit and Guaranty Corp.,
     * Kimball Hill Far East Detroit, LLC,
     * Kimball Hill Urban Centers Chicago One L.L.C.,
     * The Hamilton Place Partnership,
     * KH Ingham Park South, LLC, and
     * Kimball Hill Homes Oregon, Inc.

Moreover, the Schedules of certain of the debtor affiliates
indicate changes in total liabilities reported:

   Debtor                                     Debts, as revised  
   ------                                     -----------------
   Kimball Hill Homes Dallas, L.P.               $580,642,726
   Kimball Hill Homes Florida, Inc.               599,206,464
   Kimball Hill Homes Austin, L.P.                549,065,554
   Kimball Hill Homes San Antonio, L.P.           545,472,682
   National Credit and Guaranty Corp.             530,374,667

                        About Kimball Hill

Based in Rolling Meadow, Illinois, Kimball Hill Inc. --
http://www.kimballhillhomes.com/-- is one of the largest              
privately-owned homebuilders and one of the 30 largest
homebuilders in the United States, as measured by home deliveries
and revenues.  The company designs, builds and markets single-
family detached, single-family attached and multi-family homes.
The company currently operate within 12 markets, including, among
others, Chicago, Dallas, Ft. Worth, Houston, Las Vegas, Sacramento
and Tampa, in five regions: Florida, the Midwest, Nevada, the
Pacific Coast and Texas.

Kimball Hill, Inc. and 29 of its affiliates filed for Chapter 11
protection on April 23, 2008 (Bankr. N.D. Ill. Lead Case No. 08-
10095).  Ray C. Schrock, Esq., at Kirkland & Ellis LLP, represents
the Debtors in their restructuring efforts.  The Debtors'
consolidated financial condition as of Dec. 31, 2007 reflected
total assets of $795,473,000 and total debts $631,867,000.

The Debtors have until Aug. 21, 2008, to exclusively file a
bankruptcy plan.  (Kimball Hill Bankruptcy News, Issue No. 9;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


LINENS 'N THINGS: Files Operating Report for June 28, 2008
----------------------------------------------------------
Linens 'N Things and its debtor-affiliates submitted to the  
United States Bankruptcy Court for the District of Delaware its
operating report for the month ended June 28, 2008:

                    Linens Holding Co., et al.
                          Balance Sheet
                       As of June 28, 2008

Assets

Current Assets
   Cash                                              $29,234,466
   Accounts receivable, net                           38,019,033
   Inventory                                         547,974,178
   Prepaid expenses                                   39,502,100
                                                   -------------
Total Current Assets                                 654,729,777

Property & Equipment
   Building                                            5,010,000
   Furniture & fixtures                              272,972,004
   Hardware                                           13,611,010
   Leasehold improvements                            179,132,427
   Land                                                1,030,400
   Software                                            8,689,658
   Less: accumulated depreciation                   (205,858,028)
                                                   -------------
Total Property & Equipment                           274,587,471

Other Assets
   Identifiable intangible                           135,179,986
   Goodwill                                          253,159,671
   Other non-current assets                           38,828,054
                                                   -------------
   Total other assets                                427,167,711
                                                   -------------
Total Assets                                      $1,356,484,959
                                                   =============

Liabilities and Shareholders' Equity

Liabilities not subject to compromise
   Current liabilities
      Merchandise accounts payable                    $8,577,561
      Merchandise accruals, refunds & allowances      57,213,512
      Due to customers                                 1,551,592
      Salaries and wages                               7,417,659
      Taxes, non-franchise and income tax             13,217,958
      Workers compensation                               136,651
      Current retirement plans                            72,350
      Rent                                                     -
      General liability claims                           133,217
      Accrued auto claims & uninsured losses              17,694
      Other accrued liabilities                       61,831,341
                                                   -------------
   Total Current Liabilities                         150,169,535

   Long Term Liabilities
      Long-term borrowings                           175,410,355
      Non-current deferred income                              -
      Other liabilities                                  984,578
                                                   -------------
   Total long term liabilities                       176,394,933
                                                   -------------
   Total liabilities not subject to compromise       326,564,468

Liabilities subject to compromise
   L/T senior secured note                           668,914,007
   Unsecured claims                                  352,512,084
   Priority claims                                    27,604,901
   Other accruals and reserves                                 -
                                                   -------------
     Total Liabilities Subject to Compromise       1,049,030,992
                                                   -------------
     Total Liabilities                             1,375,595,460

Shareholders' Equity
   Common stock                                          130,130
   Additional paid-in capital                        600,966,833
   Retained earnings - prepetition                  (536,191,697)
   Retained earnings - postpetition                  (87,101,951)
   Currency gain/loss                                  3,086,184
                                                   -------------
   Net shareholders' equity                          (19,110,501)
                                                   -------------
   Total Liabilities and Shareholders' Equity     $1,356,484,959
                                                   =============


                    Linens Holding Co., et al
                        Income Statement
               For the month ending June 28, 2008

Gross revenues                                      $138,221,282
Rebates and returns                                    2,304,652
Cost of goods sold                                   (68,158,032)
                                                   -------------
Initial Mark On (IMO)                                 72,367,902

Markdowns                                             14,495,056
Gross allowances                                      (1,646,405)
Deferred allowances                                   (8,036,175)
                                                   -------------
Total markdowns - net                                  4,812,476
                                                   -------------
Merchant margin                                       67,555,426

Supply chain expenses                                 (6,517,004)
Buying, product development, shrink                   (4,136,017)
                                                   -------------
Gross profit                                          56,902,405

Store payroll expense                                (18,703,759)
Other store selling expenses                          (5,315,622)
                                                   -------------
Total selling expense                                (24,019,381)
                                                   -------------
Margin after selling expenses                         32,883,024

Occupancy                                            (33,499,276)
Sales promotions                                      (1,344,202)
Other store expenses                                  (1,792,384)
Store closing expense                                          -
Supervisory/Other                                     (1,152,177)
                                                   -------------
Total store expenses                                 (37,788,039)
                                                   -------------
Store contribution                                    (4,905,015)

Administrative salaries                               (2,641,587)
Other administrative expenses                         (4,908,162)
Other income/(expense)                               (10,955,725)
Interest                                              (2,242,945)
Taxes                                                   (676,051)
                                                   -------------
Total General & Administrative                       (21,424,470)
                                                   -------------
Net Earnings [Loss]                                  (26,329,485)
                                                   -------------
Reorganization Items                                 (29,719,957)
                                                   -------------
Net Earnings [Loss] after reorg. items              ($56,049,442)
                                                   =============


                    Linens Holding Co., et al.
           Schedule of Cash Receipts and Disbursements
               For the month ending June 28, 2008

Cash Receipts:
   Sales receipts                                   $170,895,000
   Other receipts, i.e. tenant allow.                  2,059,000
   Store closure proceeds                            110,546,000
                                                   -------------
   Total receipts                                    283,500,000

Cash Disbursements:
   Trade payments:
      A/P - Merchandise                               67,288,000
      Rollover A/P - Prepaid                                   -
      A/P - LC's & Trade Card                          8,768,000
      A/P - LAPP                                               -
                                                   -------------
   Total trade payments                               76,056,000

   Operating Expenses:
      Payroll, payroll taxes & benefits               31,957,000
      Rent checks and wires                           20,549,000
      Marketing                                        3,004,000
      Capital expenditures                                     -
      Freight                                          6,928,000
      Sales tax payable                               10,673,000
      Other (Import duties, misc. CC fees)            15,862,000
      Administrative & selling expenses                        -
                                                   -------------
   Total operating expenses                           88,973,000

    Non-Operating Expenses:
     DIP & revolver interest & fees                            -
     Other Interest Expense / (Income)                     4,000
                                                   -------------
     Total non-pperating expenses                          4,000
                                                   -------------
Net operating cash flow                              118,466,000

   Bankruptcy Expenses:
      DIP fees & expenses                                      -
      Deposits for utilities                           1,485,000
      Professional fees                                1,289,000
                                                   -------------
   Total Bankruptcy Expenses                           2,774,000
                                                   -------------
Net Cash Flows                                       115,692,000
                                                   -------------
Draw / (Paydown) of DIP Facility                    (126,004,000)
                                                   -------------
Net Change in Cash                                  ($10,312,000)
                                                   =============

Clifton, New Jersey-based Linens 'n Things, Inc. --
http://www.lnt.com/-- is the second largest specialty retailer    
of home textiles, housewares and home accessories in North America
operating 589 stores in 47 U.S. states and seven Canadian
provinces as of Dec. 29, 2007.  The company is a destination
retailer, offering one of the broadest and deepest selections of
high quality brand-name as well as private label home furnishings
merchandise in the industry.  Linens 'n Things has some 585
superstores (33,000 sq. ft. and larger), emphasizing low-priced,
brand-name merchandise, in more than 45 states and about seven
Canadian provinces.  Brands include Braun, Krups, Calphalon,
Laura Ashley, Croscill, Waverly, and the company's own label.  
Linens 'n Things was acquired by private equity firm Apollo
Management in 2006.

On May 2, 2008, these Linens entities filed chapter 11 petition
(Bankr. D. Del.): Linens Holding Co. (08-10832), Linens 'n Things,
Inc. (08-10833), Linens 'n Things Center, Inc. (08-10834),
Bloomington, MN., L.T., Inc. (08-10835), Vendor Finance, LLC (08-
10836), LNT, Inc. (08-10837), LNT Services, Inc. (08-10838), LNT
Leasing II, LLC (08-10839), LNT West, Inc. (08-10840), LNT
Virginia LLC (08-10841), LNT Merchandising Company LLC (08-10842),
LNT Leasing III, LLC (08-10843), and Citadel LNT, LLC (08-10844).  
Judge Christopher S. Sontchi presides over the case.

The Debtors' bankruptcy counsels are Mark D. Collins, Esq., John
H. Knight, Esq., Michael J. Merchant, Esq., and Jason M. Madron,
Esq., at Richards, Layton & Finger, P.A.  The Debtor's special
corporate counsels are Holland N. O'Neil, Esq., Ronald M.
Gaswirth, Esq., Stephen A. McCartin, Esq., Randall G. Ray, Esq.,
and Michael S. Haynes, Esq., at Gardere Wynne Sewell LLP; and
Howard S. Beltzer, Esq., and Wendy S. Walker, Esq., at Morgan,
Lewis & Bockius LLP.  The Debtors' restructuring management
services provider is Conway, Del Genio, Gries & Co., LLC.  The
Debtors' CRO/Interim CEO is  Michael F. Gries, co-founder of
Conway Del Genio Gries & Co., LLC.  The Debtors' claims agent is
Kurtzman Carson Consultants LLC.  The Debtors' consultants are
Asset Disposition Advisors, LLC, and Protiviti, Inc.  Their
investment bankers are Financo, Inc. and Genuity Capital Markets.

The Official Committee of Unsecured Creditors is represented by
Cole, Schotz, Meisel, Forman & Leonard, P.A.  Carl Marks Advisory
Group LLC serves as financial advisor to the Creditors' Committee.  
A Noteholder Committee has been formed and is represented by
Kasowitz, Benson, Torres & Friedman LLP, and Pachulski Stang Ziehl
& Jones.

(Bankruptcy News About Linens 'n Things, Issue No. 14; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or    
215/945-7000)


NETBANK INC: Delivers June 2008 Monthly Operating Report
--------------------------------------------------------
NetBank Inc. filed its monthly operating report for the period
June 1, 2008, through June 30, 2008, disclosing:

   Funds at the beginning of period         $6,996,194
   Total receipts                               68,610
   Total funds for operations                7,064,805
   Total disbursements                         279,559
   Ending balance                           $6,785,245

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

               http://ResearchArchives.com/t/s?3080

                           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 Files June 2008 Operating Report
-------------------------------------------------------------

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

ASSETS
Current Assets
   Cash                                              $1,040,292
   Accounts receivable, net                           4,918,957
   Inventory: lower cost or market                    7,771,169
   Prepaid expenses                                   5,511,487
   Prepaid Restructuring                                100,000
   Investments                                                0
   Other                                                 79,960
                                                   ------------
      Total Current Assets                           19,421,865

Property, Plant & Equipment                         185,418,906
Less: Accumulated Depreciation                     (121,325,470)
                                                   ------------
Net book value of property & plant                   64,093,436
Other Assets
   Notes Receivable                                     551,959
   Deferred Financing Costs                           3,226,208
   Long-term Investments                              3,416,823
   Restricted Cash                                    2,592,844
   Restricted Cash -- L.C. Collateralization         10,862,851
   Deferred Tax Assets                               13,313,381
                                                   ------------
      TOTAL ASSETS                                 $117,479,367
                                                   ============

LIABILITIES & OWNERS EQUITY
Postpetition Liabilities                           
   Trade accounts payable                              $918,793
   Tax payable
      Federal payroll taxes                              44,614
      State payroll taxes                                 5,576
      Ad valorem taxes                                        0
      Other taxes                                     1,301,157
                                                   ------------
         Total taxes payable                          1,351,348

   Secured debt postpetition                         75,000,000
   Accrued interest payable                           6,734,915
   Accrued professional fees                         10,623,678
   Other accrued liabilities
      Trade Accruals                                  3,588,219
      Compensation and benefits                       2,046,185
      Other accrued                                   1,096,596
      Due to (from) affiliate/parent                 11,174,729
                                                   ------------
      Total Postpetition Liabilities                112,534,462

Prepetition Liabilities
   Notes payable - Secured                           80,832,888
   Priority debt                                      3,160,656
   Federal income tax                                   (17,006)
   FICA/ Withholding                                          0
   Unsecured debt                                     2,256,234
   Other                                             27,627,242
   Due to Affiliate/Parent                           41,661,505
                                                   ------------
      Total Prepetition Liabilities                 155,521,519
                                                   ------------
      Total Liabilities                             268,055,981

Owner's Equity (Deficit)
   Equity in Affiliates                             581,535,576
   Common Stock                                           1,001
   Additional Paid-in Capital                       275,546,288
   Retained Earnings: Filing Date                  (792,985,229)
   Retained Earnings: Post Filing Date             (214,674,250)
                                                   ------------
Total Owner's Equity                               (150,576,614)
                                                   ------------
TOTAL LIABILITIES & OWNERS EQUITY                  $117,479,367
                                                   ============

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


Revenues                                             $7,071,066
Total cost of revenues                                7,958,967
                                                   ------------
Gross Profit                                           (887,901)

Operating Expenses
   Selling & Marketing                                   94,935
   General & Administrative                             288,972
   Insiders Compensation                                102,530
   Professional Fees                                          0
   Idle Facilities                                       55,391
   Environmental                                         20,037
                                                   ------------
      Total Operating Expenses                          561,865
                                                   ------------
Income before interest, depreciation, tax            (1,449,767)
Interest Expense                                      1,419,803
Depreciation                                            713,058
Other (Income) Expenses                              (2,764,501)
Restructuring
   Professional Fees                                  2,743,624
   Other                                                 27,575
Amortization of Deferred Financing Costs                387,997
Equity Loss (Earnings) in Subsidiary                  5,661,655
Total Interest, Depreciation & Other Items            8,189,212
                                                   ------------
Net Income Before Taxes                              (9,638,979)
Federal Income Tax                                            0
                                                   ------------
Net Income (Loss)                                   ($9,638,979)
                                                   ============

                       Scotia Development LLC, et al.
                      Cash Receipts and Disbursements
                     For the Month Ended June 30, 2008

Receipts
   Cash Sales                                           $18,318
   Collection of Accounts Receivable                  7,562,051
   Loans & Advances                                           0
   Sale of Assets                                             0
   Other                                                  3,040
                                                   ------------
      Total Receipts                                  7,583,409

Disbursements
   Net payroll                                          916,314
   Payroll taxes paid                                   343,779
   Sales, use & other taxes paid                         21,416
   Secured/rentals/leases                                74,001
   Utilities & telephone                                 56,213
   Insurance                                            492,101
   Cost of goods sold                                 5,973,784
   Vehicle expenses                                      27,998
   Travel & entertainment                                42,167
   Repairs, maintenance & supplies                      535,150
   Administrative & selling                             167,233
   Other                                                      0
                                                   ------------
      Total Disbursements from operations             8,650,156

Professional fees                                       143,749
U.S. Trustee fees                                             0
Other reorganization expenses                                 0
                                                   ------------
      Total Disbursements                             8,793,905
                                                   ------------
Net Cash Flow                                        (1,210,497)
                                                   ------------
Cash, at the beginning of the month                   2,250,789
                                                   ------------
Cash, at the end of the month                        $1,040,292
                                                   ============

                       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.

On July 8, 2008, the Court confirmed the Modified First Amended
Joint Plan of Reorganization With Technical Modifications for the
Debtors proposed by Marathon Structured Finance Fund L.P.,
Mendocino Redwood Company, LLC, and the Official Committee of
Unsecured Creditors.  

The Debtors emerged from bankruptcy protection on July 30, 2008.

The Debtors' exclusive plan filing period expired on Feb. 29,
2008. (Scotia/Pacific Lumber Bankruptcy News, Issue No. 66;
http://bankrupt.com/newsstand/or 215/945-7000).


PACIFIC LUMBER: Scotia Pacific Files June 2008 Operating Report
---------------------------------------------------------------

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

ASSETS
Current Assets
   Cash                                              $4,393,790
   Accounts receivable, net                          11,613,928
   Inventory: lower cost or market                    1,022,018
   Prepaid expenses                                   6,699,286
   Prepaid Restructuring                                514,671
   Investments                                       26,763,175
   Other                                                227,226
                                                   ------------
      Total Current Assets                          $51,234,094

Property, Plant & Equipment                        $603,739,966
Less: Accumulated Depreciation                     (363,160,682)
                                                   ------------
Net book value of property & plant                  240,579,284
Other Assets
   Capitalized Expenses                               9,063,284
                                                   ------------
      TOTAL ASSETS                                 $300,876,664
                                                   ============

LIABILITIES & OWNERS EQUITY
Postpetition Liabilities
   Trade accounts payable                              $246,181
   Tax payable
      Federal payroll taxes                                   0
      State payroll taxes                                     0
      Ad valorem taxes                                   35,000
      Other taxes                                       254,261
                                                   ------------
         Total taxes payable                            289,261

      Secured debt postpetition                               0
      Accrued interest payable                       77,968,519
      Accrued professional fees                      11,951,120
      Other accrued liabilities
         Unsecured Debt                               2,836,423
         Payroll                                        671,465
         Other                                          366,472
                                                   ------------
      Total Postpetition Liabilities                $94,329,441

Prepetition Liabilities
   Notes payable - Secured                          767,452,028
   Priority debt                                         79,064
   Federal income tax                                         0
   FICA/ Withholding                                          0
   Unsecured debt                                     3,357,954
   Other                                                      0
                                                   ------------
      Total Prepetition Liabilities                 770,889,046
                                                   ------------
      Total Liabilities                             865,218,487     

Owner's Equity (Deficit)
   Preffered 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             (102,506,082)
                                                   ------------
Total Owner's Equity                               (564,341,823)
                                                   ------------
TOTAL LIABILITIES & OWNERS EQUITY                  $300,876,664
                                                   ============

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


Revenues                                             $4,441,162
Total cost of revenues                                1,250,297

Gross Profit                                          3,190,864

Operating Expenses
   Selling & Marketing                                        0
   General & Administrative                             250,148
   Insiders Compensation                                      0
   Professional Fees                                          0
   Idle Facilities                                            0
   Environmental                                              0
                                                   ------------
      Total Operating Expenses                          250,148
                                                   ------------
Income before interest, depreciation, tax             2,940,716
Interest Expense                                      4,794,702
Depreciation                                            664,253
Other (Income) Expenses                                  (7,917)
Amortization of Deferred Financing Costs                      0
Restructuring
   Professional Fees                                  2,783,179
   Other                                                368,155
Equity Loss (Earnings) in Subsidiary                          0
Total Interest, Depreciation & Other Items            8,602,372
                                                   ------------
Net Income Before Taxes                              (5,661,655)
Federal Income Tax                                            0
                                                   ------------
Net Income (Loss)                                   ($5,661,655)
                                                   ============

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

Receipts
   Cash Sales                                                $0
   Collection of Accounts Receivable                          0
   Loans & Advances                                           0
   Sale of Assets                                             0
   Interest Income                                        1,382
   Log Sales to Palco less Reimbursable               4,850,747  
   Other                                                489,935
                                                   ------------
      Total Receipts                                  5,342,064

Disbursements
   Net payroll                                          300,873
   Payroll taxes paid                                    97,476
   Sales, use & other taxes paid                            929
   Secured/rentals/leases                                20,306
   Utilities & telephone                                    305
   Insurance                                            227,400
   Cost of goods sold                                   791,178
   Vehicle expenses                                       1,693
   Travel & entertainment                                     0
   Repairs, maintenance & supplies                            0
   Administrative & selling                             558,791
   Decking, logging & hauling                           953,814
   Other                                                      0
                                                   ------------
      Total Disbursements from operations             2,952,765

Professional fees                                     2,873,862
U.S. Trustee fees                                             0
Interest                                                168,703      
Other reorganization expenses                                 0
                                                   ------------
      Total Disbursements                             5,995,332
                                                   ------------
Net Cash Flow                                          (653,268)    
                                                   ------------
Cash, at the beginning of the month                   5,047,057
                                                   ------------
Cash, at the end of the month                        $4,393,789
                                                   ============

                       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.

On July 8, 2008, the Court confirmed the Modified First Amended
Joint Plan of Reorganization With Technical Modifications for
the Debtors proposed by Marathon Structured Finance Fund L.P.,
Mendocino Redwood Company, LLC, and the Official Committee of
Unsecured Creditors.  

The Debtors emerged from bankruptcy protection on July 30, 2008.

The Debtors' exclusive plan filing period expired on Feb. 29,
2008. (Scotia/Pacific Lumber Bankruptcy News, Issue No. 66;
http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Liquidating Trustee Submits April 2008 Report
----------------------------------------------------------------
Clear Thinking Group, LLC, the liquidating trustee appointed  
under PTS I's confirmed plan of reorganization, delivered to
the Court an operating report for the PTS Liquidating Trust from
April 1 to 30, 2008.

The Liquidating Trustee reports the Trust made $30,753 in net
disbursements during the reporting period.  The Trust's operating
account had an ending balance of $62,012 from a $92,765 balance
at the start of the month.

The Trust's money market account had an ending balance of
$100,510 from a $100,266 balance at the start of the month.

The Liquidating Trustee is represented in the cases by David
Neier, Esq., at Arent Fox, LLP, in New York, New York.

                 About Performance Transportation

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The U.S. Bankruptcy Court for the Western District of New
York confirmed the Debtors' plan on Dec. 21, 2006, and that plan
became effective on Jan. 29, 2007. Garry M. Graber, Esq. of
Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their restructuring efforts.  When the
Debtor filed for protection from their creditors it reported more
than $100,000,000 in total assets. It also disclosed owing more
than $100,000,000 to at most 10,000 creditors, including $708,679
to Broadspire and $282,949 to General Motors of Canada Limited.

The company and its debtor-affiliates filed their second chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos 07-04746
through 07-04760).  Tobias S. Keller, Esq., at Jones Day,
represents the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ
LLP, serve as the Debtors' local counsel.  The Debtors' claims
and balloting agent is Kutzman Carson Consultants LLC.

On July 14, 2008, the Court converted the Debtor's second chapter
11 case to a chapter 7 liquidation proceeding.  The Court named
Mark S. Wallach as chapter 7 trustee.  (Performance Bankruptcy
News, Issue No. 52; Bankruptcy Creditors' Services Inc.;
http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Liquidating Trustee Submits May 2008 Report
--------------------------------------------------------------
Clear Thinking Group, LLC, the liquidating trustee appointed
under PTS I's confirmed plan of reorganization, presented to the
Court the PTS Liquidating Trust's operating report for the period
May 1 to 31, 2008.

The Liquidating Trustee reports the Trust had a $10,065 monthly
net of disbursements during the reporting period.  The Trustee
also reports that the Trust's operating account had an ending
bank balance of $51,946 from a balance of $62,012 at the
beginning of the reporting period.  The Trust's money market
account had an ending balance of $100,762 from a $100,510 balance
at the start of the month.

                 About Performance Transportation

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The U.S. Bankruptcy Court for the Western District of New
York confirmed the Debtors' plan on Dec. 21, 2006, and that plan
became effective on Jan. 29, 2007. Garry M. Graber, Esq. of
Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their restructuring efforts.  When the
Debtor filed for protection from their creditors it reported more
than $100,000,000 in total assets. It also disclosed owing more
than $100,000,000 to at most 10,000 creditors, including $708,679
to Broadspire and $282,949 to General Motors of Canada Limited.

The company and its debtor-affiliates filed their second chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos 07-04746
through 07-04760).  Tobias S. Keller, Esq., at Jones Day,
represents the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ
LLP, serve as the Debtors' local counsel.  The Debtors' claims
and balloting agent is Kutzman Carson Consultants LLC.

On July 14, 2008, the Court converted the Debtor's second chapter
11 case to a chapter 7 liquidation proceeding.  The Court named
Mark S. Wallach as chapter 7 trustee.  (Performance Bankruptcy
News, Issue No. 52; Bankruptcy Creditors' Services Inc.;
http://bankrupt.com/newsstand/or 215/945-7000).


PERFORMANCE TRANS: Liquidating Trustee Submits June 2008 Report
---------------------------------------------------------------
Clear Thinking Group, LLC, the trustee appointed to oversee the
liquidation of PTS I's estate pursuant to their confirmed plan of
reorganization, filed with the Court an operating report for the
PTS Liquidating Trust for the month ended June 1 to 30, 2008.

The Liquidating Trustee reports the Trust incurred $26,092 in net
disbursements during the reporting period.  The Trust's operating
account had an ending bank balance of $51,946 from a balance of
the same amount at the beginning of the reporting period.  The
Trust's money market account had an ending balance of $70,945
from a $100,762 balance at the start of the month.

                 About Performance Transportation

Performance Transportation Services Inc. is the second largest
transporter of new automobiles, sport-utility vehicles and light
trucks in North America, and operates under three key
transportation business lines including: E. and L. Transport,
Hadley Auto Transport and Leaseway Motorcar Transport.

The company and 13 of its affiliates previously filed for Chapter
11 protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Lead Case No. 06-
00107). The U.S. Bankruptcy Court for the Western District of New
York confirmed the Debtors' plan on Dec. 21, 2006, and that plan
became effective on Jan. 29, 2007. Garry M. Graber, Esq. of
Hodgson, Russ LLP and Tobias S. Keller, Esq. of Jones Day
represented the Debtors in their restructuring efforts.  When the
Debtor filed for protection from their creditors it reported more
than $100,000,000 in total assets. It also disclosed owing more
than $100,000,000 to at most 10,000 creditors, including $708,679
to Broadspire and $282,949 to General Motors of Canada Limited.

The company and its debtor-affiliates filed their second chapter
11 bankruptcy on Nov. 19, 2007 (Bankr. W.D.N.Y. Case Nos 07-04746
through 07-04760).  Tobias S. Keller, Esq., at Jones Day,
represents the Debtors.  Garry M. Graber, Esq., at Hodgson, Russ
LLP, serve as the Debtors' local counsel.  The Debtors' claims
and balloting agent is Kutzman Carson Consultants LLC.

On July 14, 2008, the Court converted the Debtor's second chapter
11 case to a chapter 7 liquidation proceeding.  The Court named
Mark S. Wallach as chapter 7 trustee.  (Performance Bankruptcy
News, Issue No. 52; Bankruptcy Creditors' Services Inc.;
http://bankrupt.com/newsstand/or 215/945-7000).


PRC LLC: Posts $8,655,000 Net Loss in Month Ended June 30, 2008
---------------------------------------------------------------

                         PRC, LLC, et al.
                          Balance Sheet
                       As of June 30, 2008

                            ASSETS

Current Assets:                                  
   Cash and cash equivalents                         $31,078,000
   Restricted cash                                     2,035,000
   Short-term investments                                      0
   Accounts receivable -- customers                   52,654,000
   Accounts receivable -- intercompany                         0
   Total inventories                                           0
   Prepaid & other current assets                      3,488,000
                                                    ------------
      Total current assets                            89,255,000
                                                    ------------
Total investments & other assets                      11,134,000
Goodwill & other intangible assets                   183,086,000
Property, plant and equipment, net                    34,702,000
                                                    ------------
Total Assets                                        $318,177,000
                                                    ============

             LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities Not Subject to Compromise:
   Senior Credit Facility                            $15,000,000
   DIP Credit Agreement                                        0
   Long-term debt classified as current                        0
   Accrued interest payable                                    0
   Accounts payable -- trade                          13,688,000
   Accounts payable -- intercompany                            0
   Other payables and accrued liabilities             11,863,000
   Deferred income taxes                                       0
   Pension and other liabilities                               0
                                                    ------------
   Total liabilities not subject to compromise        40,551,000
                                                    ------------
Liabilities Subject to Compromise:
   Senior Notes                                      180,850,000
   Revolver                                            5,500,000
   Deferred financing fees                                     0
   Accrued interest payable on Senior Notes            1,982,000
   Accounts payable                                   29,132,000
   Other payables and accrued liabilities              7,451,000
   Pension and other liabilities                               0
                                                    ------------
      Total liabilities subject to compromise        224,915,000
                                                    ------------
   Total Liabilities                                 265,466,000
                                                    ------------

Stockholders' Equity
   Equity of subsidiaries                                      0
   Common stock/initial capitalization               127,169,000
   Capital Surplus/Treasury Stock/APIC                11,355,000
   Retained earnings(deficit)                        (88,616,000)
   Minimum pension liability adjustment                        0
   Other adjustments                                    (580,000)
   Unearned compensation                               3,383,000
                                                    ------------
   Total Stockholders' Equity                         52,711,000
                                                    ------------
Total Liabilities & Stockholders' Equity            $318,177,000
                                                    ============

                       PRC, LLC, et al.
                    Statement of Operations
              For the Period From June 1 to 30, 2008

Total sales                                          $26,538,000
                                                   -------------
Cost of sales -- Direct                               17,926,000
Cost of sales -- Indirect                              6,261,000
                                                   -------------
   Gross profit                                        2,351,000
                                                   -------------
Selling and administrative expenses
   Selling and advertising expense                        53,000
   Warehousing and shipping                               62,000
   Division administrative expense                             0
   MIS expense                                           141,000
   Corporate administrative expense                    1,765,000
                                                   -------------
      Total Selling and administrative expense         2,021,000
                                                   -------------
Restructuring and impairment charge                            0
Goodwill impairment charge                                     0
Depreciation and amortization expense                  3,014,000
                                                   -------------
Loss from Operations                                  (2,684,000)
                                                   -------------
Interest expense
   Interest expense -- outside                         1,061,000
   Capitalized interest expense                                0
   Interest expense -- intercompany                            0
   Interest income                                             0
   Interest income -- intercompany                             0
                                                   -------------
Net interest expense                                   1,061,000
                                                   -------------
Other expense:
   Miscellaneous                                               0
   Royalties -- intercompany                                   0
   Transaction gain/loss                               2,842,000
                                                   -------------
      Total other expense                              2,842,000
                                                   -------------
Other income:
   Royalties -- intercompany                                   0
   Dividends                                                   0
   Sale of assets                                              0
   Miscellaneous                                               0
                                                   -------------
      Total other income                                       0
                                                   -------------
Net other expense                                      2,842,000
                                                   -------------
Loss before reorganization expenses and
income taxes(benefits) and extraordinary items        (6,587,000)
                                                   -------------

Reorganization expenses                                1,898,000
Income taxes(benefits)                                   170,000
                                                   -------------
Loss before extraordinary item                        (8,655,000)
Extraordinary items                                            0
                                                   -------------
Net loss                                             ($8,655,000)
                                                   =============

                       PRC, LLC, et al.
                    Statement of Cash Flows
              For the Period From June 1 to 30, 2008

Cash flows from Operations:
   Net income(loss)                                  ($8,655,000)
   Non-cash items
    Depreciation and amortization expense              3,332,000
    Provision for bad debts                              591,000
    Loss on sale of fixed assets                       2,841,000
   Changes in Assets and Liabilities
    Decrease/(increase) -- accounts receivable
       (customers)                                     8,664,000
    Decrease/(increase) -- receivable (intercompany)           0
    Decrease/(increase) -- inventories                         0
    Decrease/(increase) -- other current assets         (168,000)
    Decrease/(increase) -- other noncurrent assets    (1,579,000)
    Increase/(decrease) -- accounts payable (trade)    2,843,000
    Increase/(decrease) -- accounts payable
       (intercompany)                                          0
    Increase/(decrease) -- accrued liabilities        (1,625,000)
    Increase/(decrease) -- customer deposit               (4,000)
    Increase/(decrease) -- accrued interest payable      608,000
    Increase/(decrease) -- pension and other
       liabilities                                             0
    Increase/(decrease) -- deferred federal
       income tax                                              0
                                                   -------------
Total Cash Flows from Operations                       6,848,000
                                                   -------------
Cash Flows from Investing:
   Decrease/(increase) -- short term investments               0
   Capital expenditures                                 (196,000)
   Transfers                                                   0
   Net proceeds from sale of assets                    1,401,000
                                                   -------------
Total Cash Flows from Investing                        1,205,000
                                                   -------------
Cash Flows from Financing:
   Payment on LT debt                                 15,000,000
   Increase/(decrease) -- DIP credit agreement        (5,000,000)
                                                   -------------
Total Cash Flows from Financing                       10,000,000
                                                   -------------

Beginning Cash Balance                                13,025,000
Change in Cash                                        18,053,000
                                                   -------------
Ending Cash Balance                                  $31,078,000
                                                   =============

                          About PRC LLC

Founded in 1982 and based in Fort Lauderdale, Florida, PRC, LLC --
http://www.prcnet.com/-- is a leading provider of customer       
management solutions.  PRC markets its services to brand-focused,
Fortune 500 U.S. corporations and delivers these services through
a global network of call centers in the U.S., Philippines, India,
and the Dominican Republic.

PRC is the sole member of each of PRC B2B, LLC, and Precision
Response of Pennsylvania, LLC, and the sole shareholder of Access
Direct Telemarketing, Inc., each of which is a debtor and debtor-
in-possession in PRC's joint Chapter 11 cases.

Panther/DCP Intermediate Holdings, LLC, is the sole member of
PRC.

PRC, together with its operating subsidiaries PRC B2B, Access
Direct, and PRC PA, is a leading provider of complex,
consultative, outsourced services in the Customer Care and Sales
& Marketing segments of the business process outsourcing
industry.  Since 1982, the company has acquired and grown
customer relationships for some of the world's largest and most
brand-focused corporations in the financial services, media,
telecommunications, transportation, and retail industries.

The company and four of its affiliates filed for Chapter 11
protection on Jan. 23, 2008 (Bankr. S.D.N.Y. Lead Case No. 08-
10239).  Alfredo R. Perez, Esq., at Weil, Gotshal & Manges, LLP,
represents the Debtors in their restructuring efforts.  The
Debtors chose Stephen Dube, at CXO LLC, as their restructuring and
turnaround advisor.  Additionally, Evercore Group LLC provides
investment and financial counsel to the Debtors.

The Debtors' consolidated financial condition as of Dec. 31, 2007
showed total assets of $354,000,000 and total debts of
$261,000,000.

The Debtors submitted to the Court a Chapter 11 Plan of
Reorganization on Feb. 12, 2008.  The Court confirmed that Plan
mid-June 2008.  (PRC LLC Bankruptcy News, Issue
No. 18; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


SHARPER IMAGE: Files June 30, 2008 Operating Report
---------------------------------------------------
                       Sharper Image Corp.
                          Balance Sheet
                       As of June 30, 2008

ASSETS

Current assets:
   Unrestricted Cash and Equivalents                  ($299,794)
   Restricted Cash and Equivalents                            -
   Trade Accounts Receivable, net                     1,199,753
   Other Accounts Receivable                          3,318,616
   Notes Receivable                                           -
   Inventories                                        7,679,710
   Prepaid Expenses                                   7,203,601
   Professional Retainers                                     -
   Deferred Income Taxes/Prepaid Income Taxes        17,304,554
                                                   ------------
Total current assets                                 36,406,439

Property and Equipment:
   Real Property and Improvements                     2,926,573
   Machinery and Equipment                                    -
   Furniture, Fixtures and Office Equipment                   -
   Leasehold Improvements                                     -
   Vehicles                                                   -
   Work In Progress                                     451,799
   Less: Accumulated Depreciation                      (988,544)
                                                   ------------
Total Property and Equipment                          2,389,828

Other assets:
   Loans to Insiders                                          -
   Other Assets                                      14,165,907
                                                   ------------
Total Assets                                        $52,962,174
                                                   ============

LIABILITIES AND OWNER'S EQUITY

Liabilities not subject to Compromise (Post)
   Accounts Payable                                 ($2,737,678)
   Taxes Payable                                     (1,490,861)
   Wages Payable                                     (2,733,866)
   Notes Payable                                              -
   Rent/Leases - Building/Equipment                    (453,392)
   Secured Debt - Line of credit                              -
   Other Reserves                                             -
   Liquidation (GOB Sales) Clearing Account         (15,949,943)
   Amounts Due to Insiders                                    -
   Other Postpetition Liabilities                             -
                                                   ------------
Total Postpetition Liabilities                      (23,365,741)

Liabilities not subject to Compromise (Pre)
   Secured Debt - Line of credit                              -
   Secured Debt - Other                              (6,767,606)
   Priority Debt                                              -
   Unsecured Debt (Accounts Payable)                (45,286,327)
   Expense Accruals and Other Liabilities            (7,369,776)
   Short Term Liabilities                            (3,554,215)
   Deferred (GAAP) rent/landlord allowances etc     (11,760,552)
   Deferred Tax (Liability)/Asset                    96,749,380
   Deferred Revenue (Gift cards and Royalties)      (35,696,181)
   Sales Returns/Chargebacks Reserves                (2,251,437)
                                                   ------------
Total Prepetition Liabilities                       (15,936,715)
                                                   ------------
Total Liabilities                                   (39,302,455)

Owner's Equity
   Capital Stock                                       (152,132)
   Additional Paid-In Capital                      (116,716,579)
   Deferred Stock Compensation
     and Stock Repurchase                               180,069
   Retained Earnings - Prepetition                   63,247,322
   Retained Earnings - Postpetition                  39,781,601
                                                   ------------
Net Owner's Equity                                  (13,659,719)
                                                   ------------
Total Liabilities and Owner's Equity               ($52,962,174)
                                                   ============


                       Sharper Image Corp.
                     Statement of Operations
                  For Month Ended June 30, 2008

Revenues:

   Gross Revenues                                      $219,704
   Less: Returns and Allowances                         (41,050)
                                                   ------------
   Net Revenue                                          260,754

Cost of Goods Sold:
   Beginning Inventory                                        -
   Add: Purchases                                             -
   Add: Cost of Labor                                         -
   Add: Other Costs (attach schedule)                         -
   Less: Ending Inventory                                     -
   Cost of Goods Sold                                   108,423
                                                   ------------
   Gross Profit                                         152,331

Operating Expenses:
   Advertising                                          138,294
   Auto and Truck Expense                                     -
   Bad Debts                                             42,165
   Contributions                                              -
   Employee Benefit Programs                           (199,744)
   Insider Compensations                                      -
   Insurance                                            239,956
   Management Fees/Bonuses                               11,480
   Office Expense                                             -
   Pension & Profit-Sharing Plans                             -
   Repairs and Maintenance                              (17,837)
   Rent and Lease Expense                               (57,191)
   Salaries/Commissions/Fees                          1,883,152
   Supplies                                            (100,184)
   Taxes - Payroll                                       96,764
   Taxes - Real Estate                                        -
   Taxes - Other                                        110,542
   Travel and Entertainment                              33,226
   Utilities                                            (75,336)
   Other                                                899,734
                                                   ------------
   Total Operating Expense Before Depr.               3,005,021

   Depreciation/Depletion/Amortization                  (38,747)
                                                   ------------
   Net Profit (Loss)
     Before Other Income & Expenses                  (2,813,943)

Other Income and Expenses:
   Licensing Income                                          15
   Interest Expense                                      (3,673)
   Other Expense                                              -
                                                   ------------
   Net Profit (Loss)
     Before Reorganization Items                     (2,817,601)

Reorganization Items:
   Professional Fees                                  1,302,179
   US Trustee Quarterly Fees                                  -
   Interest Earned on Accm Case                               -
   Gain (Loss) from sale of assets                   34,490,593
   Other Reorganization Expense                     (10,799,695)
                                                   ------------
   Total Reorganization Expenses                     24,993,078
                                                   ------------
   Net Profit (Loss)
     Before Income Taxes (Benefit)                  (27,810,679)
   Income Taxes (Benefit)                           (10,679,301)
                                                   ------------
   Net Profit (Loss)                               ($17,131,378)
                                                   ============


                       Sharper Image Corp.
                     Statement of Cash Flows
                  For Month Ended June 30, 2008

Opening Balance                                     $15,870,610

Receipts
   Cash Sales (from stores)                           2,727,857
   Credit Card Settlements                           11,171,918
   Other Settlements                                   (401,557)
   Accounts Receivable                                  688,215
   Sale of Assets                                    30,011,741
   Interest/Divided Income                                3,635
   Mail Order/License Deposits, Other Deposits          406,749
                                                   ------------
   Total Receipts                                    44,608,557

Transfers
   Line of Credit Draw/Pay Down                     (35,450,375)
   Transfers from stores to deposit a/c - sweep               -
   Transfers from concentration to refunds                    -
   Transfers from concentration to payroll                    -
   Other Inter-account transfers                              -
   Transfers from Concentration to Disbursement               -
                                                   ------------
   Total Transfers                                  (35,450,375)
                                                   ------------
   Total Receipts & Transfers                         9,158,183

Disbursements
   Liquidator Reimbursements                         10,627,102
   Net Payroll                                        2,211,108
   Payroll Taxes                                        896,711
   401k                                                  58,272
   Employee Benefits                                    342,926
   Sales, Use & Other Taxes                             976,689
   Inventory Purchases                                   68,950
   Secured/Rental/Leases                              5,040,166
   Insurance                                            124,872
   Administrative                                     1,097,474
   Selling                                                    -
   Bank/Credit Card Fees/Sales audit adjs                11,922
   Refund checks issued (net of stop payments)           52,784
   Other                                                 94,802
   Customs/Duties/Freight                               987,751
   Interest and LC fees                                       -
   Professional Fees                                  2,737,057
   US Trustee Quarterly Fees                                  -
   Court Costs                                                -
                                                   ------------
   Total Disbursements                               25,328,587
                                                   ------------
Net Cash Flow                                      ($16,170,404)
                                                   ============
                    About Sharper Image

Based in San Francisco, California, Sharper Image Corp. --
http://www.sharperimage.com/-- is a multi-channel specialty
retailer.  It operates in three principal selling channels: the
Sharper Image specialty stores throughout the U.S., the Sharper
Image catalog and the Internet.  The company has operations in
Australia, Brazil and Mexico.  In addition, through its Brand
Licensing Division, it is also licensing the Sharper Image brand
to select third parties to allow them to sell Sharper Image
branded products in other channels of distribution.  

The company filed for Chapter 11 protection on Feb. 19, 2008
(Bankr. D.D., Case No. 08-10322).  Steven K. Kortanek, Esq. at
Womble, Carlyle, Sandridge & Rice, P.L.L.C. represents the
Debtor in its restructuring efforts.  An Official Committee of
UnsecuredCreditors has been appointed in the case.  Whiteford
Taylor Preston LLC is the Committee's Delaware counsel
When the Debtor filed for bankruptcy, it listed total assets of
US$251,500,000 and total debts of US$199,000,000.  

The Court extended the exclusive period during which the Debtor
may file a Plan through and including Sept. 16, 2008.  Sharper
Image sought and obtained the Court's approval to change its name
to "TSIC, Inc." in relation to an an Asset Purchase Agreement by
the Debtor with Gordon Brothers Retail Partners, LLC, GB Brands,
LLC, Hilco Merchant Resources, LLC, and Hilco Consumer Capital,
LLC.

(Sharper Image Bankruptcy News; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


TARPON INDUSTRIES: Files June 2008 Monthly Operating Report
-----------------------------------------------------------
Tarpon Industries Inc. reported zero revenue and incurred a net
loss of 553,247 for the period June 1, 2008, through June 30,
2008.

As of June 30, 2008, the Debtor had total assets of $3,430,920,
total liabilities of $18,693,975, and stockholders' deficit of
$15,263,055.

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

              http://ResearchArchives.com/t/s?3088

                     About Tarpon Industries

Based in Marysville, Michigan, Tarpon Industries Inc. --
http://www.tarponind.com/-- manufactures and sells engineered     
steel storage rack systems and a variety of steel tubing products
in the United States and Canada through its subsidiary Eugene
Welding Co.  The company's products include structural and roll-
formed steel selective racks, push-back racks, cantilevered racks,
archival storage systems and order picking systems.  The company
markets its steel tubing products throughout the Unites States to
OEM automotive, boating, industrial equipment, construction,
agricultural, steel service centers, leisure and recreational
vehicle markets.

The company and its affiliate filed for Chapter 11 protection on
April 29, 2008 (Bankr. E.D. Mich. Case Nos. 08-50367 and 08-
50381).  Jeffrey S. Grasl, Esq., and Stephen M. Gross, Esq., at
McDonald Hopkins LLC, represent the Debtors in their
restructuring efforts.  The U.S. Trustee for Region 9 appointed
creditors to serve on an Official Committee of Unsecured
Creditors.  Jean R. Roberston, Esq., at Calfee, Halter & Griswold,
LLP, represents the Committee.  When the Debtors filed for
protection from their creditors, they listed estimated assets and
debts of $10 million to $50 million.


TARPON INDUSTRIES: Eugene Welding Files June 2008 Report
--------------------------------------------------------
Eugene Welding Co., a debtor-affiliate of Tarpon Industries Inc.,
filed its June 2008 monthly operating report:

   Beginning cash balance                 $569,215
   Total receipts for the period         2,511,359
   Total disbursements for the period    2,944,502
   Ending cash balance                     136,071

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

              http://ResearchArchives.com/t/s?3089

                     About Tarpon Industries

Based in Marysville, Michigan, Tarpon Industries Inc. --
http://www.tarponind.com/-- manufactures and sells engineered     
steel storage rack systems and a variety of steel tubing products
in the United States and Canada through its subsidiary Eugene
Welding Co.  The company's products include structural and roll-
formed steel selective racks, push-back racks, cantilevered racks,
archival storage systems and order picking systems.  The company
markets its steel tubing products throughout the Unites States to
OEM automotive, boating, industrial equipment, construction,
agricultural, steel service centers, leisure and recreational
vehicle markets.

The company and its affiliate filed for Chapter 11 protection on
April 29, 2008 (Bankr. E.D. Mich. Case Nos. 08-50367 and 08-
50381).  Jeffrey S. Grasl, Esq., and Stephen M. Gross, Esq., at
McDonald Hopkins LLC, represent the Debtors in their
restructuring efforts.  The U.S. Trustee for Region 9 appointed
creditors to serve on an Official Committee of Unsecured
Creditors.  Jean R. Roberston, Esq., at Calfee, Halter & Griswold,
LLP, represents the Committee.  When the Debtors filed for
protection from their creditors, they listed estimated assets and
debts of $10 million to $50 million.


TRICOM SA: Reports $20,647 Net Earnings in March 2008
-----------------------------------------------------

                        Tricom S.A., et al.
                    Consolidated Balance Sheet
                            (Unaudited)
                       As of March 31, 2008


ASSETS:
Current Assets:
   Cash and Cash Equivalents                        $20,890,697
   Accounts Receivable                               23,480,254
   Inventories, Net                                   3,028,819
   Prepaid Expenses                                   8,376,365
   Deferred Income Taxes                                  8,285
                                                 --------------
     Total current assets                            55,784,420

   Property and equipment, net                      249,349,012
   Pledged Securities                                   140,130
   Intangible Assets                                  2,664,641
   Other assets                                       4,374,622
                                                 --------------
     TOTAL ASSETS                                  $312,312,825
                                                 ==============

               Liabilities and Stockholder's Equity

Liabilities Subject to Compromise (Prepetition)
   Short term obligations                              $121,070
   Accounts payable                                   9,680,048
   Long Term Debt                                   443,846,001
   Other liabilities                                  2,033,713
   Interest Payable                                 278,773,847
   Accrued expenses                                  12,918,506
                                                 --------------
                                                    747,373,185

Liabilities not Subject to Compromise (Postpetition)
   Accounts payable                                   7,473,013
   Interest Payable                                     383,721
   Accrued expenses                                   5,716,703
   Deferred Revenues                                  2,518,440
   Other liabilities                                     65,868
                                                 --------------
                                                     16,157,745

     Total current liabilities                      763,530,930
  
   Deferred income tax                                    8,534
                                                 --------------
     TOTAL LIABILITIES                             $763,539,464
                                                 ==============

Shareholder's equity:
   Common stock-Class A                              24,951,270
   Common stock-Class B                              12,595,095
   Additional Paid in capital                       275,496,988
   Legal reserve                                      2,091,547
   Retained earnings (Losses)                       (13,606,058)
   Retained earning (Loss) Prior years             (750,731,719)
   Currency translation                              (2,023,762)
                                                 --------------
     SHAREHOLDER'S EQUITY, NET                    ($451,226,639)

     TOTAL LIABILITIES & SHAREHOLDERS' EQUITY      $312,312,825
                                                 ==============

                        Tricom S.A., et al.
              Consolidated Statements of Operations
                            (Unaudited)
                For the Month Ended March 31, 2008

Operating revenues                                  $18,312,898
Operating costs & Administrative expenses           (18,031,606)
Restructuring Related Items                             (55,000)
                                                 --------------
     Operating income                                   226,292

Interest expenses                                      (383,721)
Interest income                                          30,684
Foreign currency exchange                                72,694
Other                                                    74,698
                                                 --------------
     Total other income (expenses)                     (205,645)
                                                 --------------
     Net earnings( loss) Pre-Tax                         20,647

     Net earnings (Loss)                                $20,647
                                                 ==============

                        Tricom S.A., et al.
                     Statement of Cash Flows
                            (Unaudited)
                For the Month Ended March 31, 2008

Cash Flows from operating activities:
   Cash received from customers                     $19,925,524
   Cash Paid to suppliers and employees             (14,075,398)
   Restructuring Related Items                          (55,000)
   Interest received on deposits                         30,684
   Interest Expense                                    (383,721)
   Other operating activities                           147,392
                                                 --------------
   Net cash provided by (used in)
     operating activities                             5,589,481

Cash flows from investing activities:
   Acquisition of property and equipment             (1,147,110)
   Pledged Securities                                      (195)
                                                 --------------
     Net cash used in investing activities           (1,147,305)

Cash Flows from financing activities:
   Borrowed funds from banks                             (2,662)
   Current portion of long term debt                     60,977
   Current portion of capital leases                     (2,853)
   Long Term debt Obtained                              (80,211)
                                                 --------------
   Net cash provided (used) by
     financing activities                               (24,749)
                                                 --------------
Increase (Decrease) of cash and cash equivalents      4,417,427

Cash and cash equivalents at beginning
   of the period                                     16,473,270
                                                 --------------
Cash and cash equivalents at end of the period      $20,890,697
                                                 ==============

Reconciliation between net earnings and net cash
provided by (used in) operating activities

  Net earnings (Loss)                                   20,647

Adjustments to reconcile net earnings
(Loss) and net cash provided by (used in)
operating activities
  Depreciation                                        3,687,889
  Allowance for doubtful accounts                       309,402
  Amortizations issue cost                               18,077

INCREASE IN:
  Accounts receivable-Employees                         (77,488)
  Accounts receivable-Customers                         715,855
  Earned Interest                                       197,033
  Accounts payable-Carriers                             161,202
  Accounts payable-Suppliers                            273,144
  Accrued expenses                                     (241,871)
  Accounts payable-Other                               (286,912)
  Other liabilities                                     139,453
DECREASE IN:
  Accounts receivable-Carrier                           128,479
  Accounts receivable-Other                             768,292
  Inventories                                          (391,195)
  Prepaid expenses                                       56,733
  Other Assets                                          110,741
                                                 --------------
     TOTAL ADJUSTMENTS                                5,568,834

Net cash used in operating activities                 5,589,481
                                                 ==============

The Debtors disclosed a total of $18,092,354 of disbursements
for the month ended March 31, 2008:

   Tricom S.A.                  $15,848,676
   Tricom USA Inc.                  564,323
   TCN Dominicana S.A.            1,679,355

                        About Tricom S.A.

Tricom, S.A., was incorporated in the Dominican Republic on
January 25, 1988, as a Sociedad Anonima.  Tricom is one of the
pre-eminent full service communications services providers in
the Dominican Republic.  Headquartered in Santo Domingo, Tricom
offers local, long distance, and mobile telephone services,
cable television and broadband data transmission and Internet
services, which are provided to more than 729,000 customers.  

Tricom's wireless network covers about 90% of the Dominican
Republic's population.  Tricom's local service network is 100%
digital.  The Company also owns interests in undersea fiber-
optic cable networks that connect and transmit
telecommunications signals between Central America, the
Caribbean, the United States and Europe.

Tricom USA, Inc., a wholly owned subsidiary of Tricom, was
incorporated in Delaware in 1992, and at that time was known as
Domtel Communications.  A name change was effected in 1997 and
Domtel Communications formally became Tricom USA, Inc.

Tricom USA originates, transports and terminates international
long-distance traffic using switching stations and other
telecommunications equipment located in New York and Florida.

Tricom S.A. and its U.S. affiliates filed for Chapter 11
protection on Feb. 29, 2008 (Bankr. S.D. N.Y. Case No. 08-
10720).  Larren M. Nashelsky, Esq., at Morrison & Foerster LLP,
in New York City, represent the Debtors.  When the Debtors'
filed for protection from their creditors, they listed total
assets of US$327,600,000 and total debts of US$764,600,000.

(Tricom Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000)


TRICOM SA: Reports $795,816 Net Loss in April 2008
--------------------------------------------------

                        Tricom S.A., et al.
                    Consolidated Balance Sheet
                            (Unaudited)
                       As of April 30, 2008

ASSETS
Current Assets:
   Cash and Cash Equivalents                        $23,085,536
   Accounts Receivable                               23,621,654
   Inventories, Net                                   2,928,850
   Prepaid Expenses                                   8,836,388
   Deferred Income Taxes                                  8,285
                                                 --------------
     Total current assets                            58,480,713

   Property and equipment, net                      248,840,148
   Pledged Securities                                   140,615
   Intangible Assets                                  2,664,641
   Other assets                                       4,544,830
                                                 --------------
     TOTAL ASSETS                                  $314,670,947
                                                 ==============

               Liabilities and Stockholder's Equity

Liabilities Subject to Compromise (Prepetition)
   Short term obligations                              $121,070
   Accounts payable                                     444,706
   Long Term Debt                                   443,812,163
   Other liabilities                                  2,001,370
   Interest Payable                                 278,953,263
   Accrued expenses                                  12,798,266
                                                 --------------
                                                    738,130,838

Liabilities not Subject to Compromise (Postpetition)
   Accounts payable                                  19,150,035
   Interest Payable                                     361,448
   Accrued expenses                                   6,471,262
   Other liabilities                                     75,777
   Deferred Revenues                                  2,514,336
                                                 --------------
                                                     28,572,858

     Total current liabilities                      766,703,696

   Deferred income tax                                    8,533
                                                 --------------
     TOTAL LIABILITIES                              766,712,229
                                                 ==============

Shareholder's equity:
   Common stock-Class A                              24,951,270
   Common stock-Class B                              12,595,095
   Additional Paid in capital                       275,496,988
   Legal reserve                                      2,043,242
   Retained earnings (Losses)                       (14,401,874)
   Retained earning (Loss) Prior years             (750,702,241)
   Currency translation                              (2,023,762)
                                                 --------------
     SHAREHOLDER'S EQUITY, NET                    ($452,041,282)

     TOTAL LIABILITIES & SHAREHOLDERS' EQUITY      $314,670,947
                                                 ==============

                        Tricom S.A., et al.
              Consolidated Statements of Operations
                            (Unaudited)
                For the Month Ended April 30, 2008

Operating revenues                                  $17,801,549
Operating costs & Administrative expenses           (17,541,500)
Restructuring Related Items                            (878,000)
                                                 --------------
     Operating income                                  (617,951)

Interest expenses                                      (361,448)
Interest income                                          35,185
Foreign currency exchange                               122,419
Other                                                    25,979
                                                 --------------
     Total other income (expenses)                     (177,865)
                                                 --------------
     Net earnings (loss) Pre-Tax                       (795,816)

     Net earnings (Loss)                              ($795,816)
                                                 ==============

                        Tricom S.A., et al.
                     Statement of Cash Flows
                            (Unaudited)
                For the Month Ended April 30, 2008

Cash Flows from operating activities:
   Cash received from customers                     $17,374,692
   Cash Paid to suppliers and employees             (10,996,363)
   Restructuring Related Items                         (878,000)
   Interest received on deposits                         35,185
   Interest Expense                                    (361,448)
   Other operating activities                           148,398
                                                 --------------
   Net cash provided by (used in)
     operating activities                             5,322,464

Cash flows from investing activities:
   Acquisition of property and equipment             (3,093,301)
   Pledged Securities                                      (485)
                                                 --------------
   Net cash used in investing activities             (3,093,786)

Cash Flows from financing activities:
   Borrowed funds from banks                             (3,641)
   Current portion of long term debt                     54,516
   Current portion of capital leases                     (3,900)
   Long Term debt Obtained                              (80,813)
                                                 --------------
   Net cash provided (used) by
     financing activities                               (33,838)
                                                 --------------
Increase (Decrease) of cash and cash equivalents      2,194,840

Cash and cash equivalents at beginning
   of the period                                     20,890,697

Cash and cash equivalents at end of the period      $23,085,537
                                                 ==============

Reconciliation between net earnings and net cash
provided by (used in) operating activities

  Net earnings (Loss)                                  (795,816)

Adjustments to reconcile net earnings
(Loss) and net cash provided by (used in)
operating activities
  Depreciation                                        3,684,117
  Allowance for doubtful accounts                       266,595
  Amortizations issue cost                               18,077

INCREASE IN:
  Accounts receivable-Employees                          18,862
  Accounts receivable-Customers                        (538,431)
  Prepaid expenses                                       (9,490)
  Earned Interest                                       157,143
  Accounts payable-Carriers                             (89,545)
  Accounts payable-Suppliers                          2,556,471
  Accrued expenses                                      615,492
  Accounts payable-Other                                (25,246)
  Other liabilities                                     (26,538)
DECREASE IN:
  Accounts receivable-Carrier                             9,627
  Accounts receivable-Other                             101,947
  Inventories                                            18,017
  Prepaid expenses                                     (450,533)
  Other Assets                                         (188,285)
                                                 --------------
     TOTAL ADJUSTMENTS                                6,137,260

Net cash used in operating activities                $5,322,464
                                                 ==============

For the month ended April 30, 2008, the Debtors disclose a total
of $19,275,524 of disbursements:

   Tricom S.A.                  $17,330,619
   Tricom USA Inc.                  555,580
   TCN Dominicana S.A.            1,389,325

                        About Tricom S.A.

Tricom, S.A., was incorporated in the Dominican Republic on
January 25, 1988, as a Sociedad Anonima.  Tricom is one of the
pre-eminent full service communications services providers in
the Dominican Republic.  Headquartered in Santo Domingo, Tricom
offers local, long distance, and mobile telephone services,
cable television and broadband data transmission and Internet
services, which are provided to more than 729,000 customers.  

Tricom's wireless network covers about 90% of the Dominican
Republic's population.  Tricom's local service network is 100%
digital.  The Company also owns interests in undersea fiber-
optic cable networks that connect and transmit
telecommunications signals between Central America, the
Caribbean, the United States and Europe.

Tricom USA, Inc., a wholly owned subsidiary of Tricom, was
incorporated in Delaware in 1992, and at that time was known as
Domtel Communications.  A name change was effected in 1997 and
Domtel Communications formally became Tricom USA, Inc.

Tricom USA originates, transports and terminates international
long-distance traffic using switching stations and other
telecommunications equipment located in New York and Florida.

Tricom S.A. and its U.S. affiliates filed for Chapter 11
protection on Feb. 29, 2008 (Bankr. S.D. N.Y. Case No. 08-
10720).  Larren M. Nashelsky, Esq., at Morrison & Foerster LLP,
in New York City, represent the Debtors.  When the Debtors'
filed for protection from their creditors, they listed total
assets of US$327,600,000 and total debts of US$764,600,000.

(Tricom Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000)


TRICOM SA: Reports $1,515,337 Net Loss in May 2008
--------------------------------------------------

                        Tricom S.A., et al.
                    Consolidated Balance Sheet
                            (Unaudited)
                        As of May 31, 2008

ASSETS
Current Assets:
   Cash and Cash Equivalents                        $25,388,214
   Accounts Receivable                               23,397,955
   Inventories, Net                                   2,845,533
   Prepaid Expenses                                   8,488,023
   Deferred Income Taxes                                  8,285
                                                 --------------
     Total current assets                            60,128,010

   Property and equipment, net                      247,998,173
   Pledged Securities                                   140,615
   Intangible Assets                                  2,664,641
   Other assets                                       4,626,306
                                                 --------------
     TOTAL ASSETS                                  $315,557,745
                                                 ==============

               Liabilities and Stockholder's Equity

Liabilities Subject to Compromise (Prepetition)
   Short term obligations                              $121,070
   Accounts payable                                           -
   Long Term Debt                                   443,812,163
   Other liabilities                                  1,965,498
   Interest Payable                                 279,195,813
   Accrued expenses                                  12,090,896
                                                 --------------
                                                    737,185,440

Liabilities not Subject to Compromise (Postpetition)
   Short term obligations                               106,423
   Accounts payable                                  20,313,542
   Interest Payable                                     381,448
   Accrued expenses                                   8,262,983
   Other liabilities                                    110,749
   Deferred Revenues                                  2,415,162
                                                 --------------
                                                     31,590,306

     Total current liabilities                      768,775,746

   Deferred income tax                                    8,533
                                                 --------------
     TOTAL LIABILITIES                             $768,784,279

Shareholder's equity:
   Common stock-Class A                              24,951,270
   Common stock-Class B                              12,595,095
   Additional Paid in capital                       275,496,988
   Legal reserve                                      2,043,242
   Retained earnings (Losses)                       (15,916,913)
   Retained earning (Loss) Prior years             (750,372,454)
   Currency translation                              (2,023,762)
                                                 --------------
     SHAREHOLDER'S EQUITY, NET                    ($453,226,534)

     TOTAL LIABILITIES & SHAREHOLDERS' EQUITY      $315,557,745
                                                 ==============

                        Tricom S.A., et al.
              Consolidated Statements of Operations
                            (Unaudited)
                For the Month Ended May 31, 2008

Operating revenues                                  $18,549,185
Operating costs & Administrative expenses           (18,772,272)
Restructuring Related Items                          (1,095,000)
                                                 --------------
     Operating income                                (1,318,087)

Interest expenses                                      (381,448)
Interest income                                          36,378
Foreign currency exchange                                80,144
Other                                                    67,676
                                                 --------------
     Total other income (expenses)                     (197,250)
                                                 --------------
     Net earnings (loss) Pre-Tax                     (1,515,337)

     Net earnings (Loss)                            ($1,515,337)
                                                 ==============

                        Tricom S.A., et al.
                     Statement of Cash Flows
                            (Unaudited)
                For the Month Ended May 31, 2008

Cash Flows from operating activities:
   Cash received from customers                     $17,454,247
   Cash Paid to suppliers and employees             (11,099,440)
   Restructuring Related Items                       (1,095,000)
   Cash received from related parties                    (2,875)
   Interest received on deposits                         36,378
   Interest paid                                       (381,448)
   Other operating activities                           147,820
                                                 --------------
   Net cash provided by (used in)
     operating activities                             5,059,682

Cash flows from investing activities:
   Acquisition of property and equipment             (2,869,564)
   Pledged Securities                                      (101)
                                                 --------------
   Net cash used in investing activities             (2,869,665)

Cash Flows from financing activities:
   Overdraft Obtained                                   106,423
   Current portion of long term debt                   (319,661)
   Current portion of capital leases                         (1)
   Long Term debt Obtained                              319,661
                                                 --------------
   Net cash provided (used) by
     financing activities                               106,422

   Adjustments                                            6,238
                                                 --------------
Increase (Decrease) of cash and cash equivalents      2,302,677

Cash and cash equivalents at
   beginning of the period                           23,085,537

Cash and cash equivalents at end of the period      $25,388,214
                                                 ==============


Reconciliation between net earnings and net cash
provided by (used in) operating activities

  Net earnings (Loss)                                (1,515,337)

Adjustments to reconcile net earnings
(Loss) and net cash provided by (used in)
operating activities

  Depreciation                                        3,676,483
  Allowance for doubtful accounts                       387,937
  Amortizations issue cost                               18,077

INCREASE IN:
  Accounts receivable-Employees.                        (57,323)
  Accounts receivable-Related parties.                   (2,875)
  Accounts receivable-Customers                        (606,691)
  Prepaid expenses                                        9,490
  Earned Interest                                       262,550
  Accounts payable-Carriers                             796,867
  Accounts payable-Suppliers                            196,037
  Accrued expenses                                    2,103,851
  Accounts payable-Other                                 (8,263)
  Other liabilities                                    (100,075)
DECREASE IN:
  Accounts receivable-Carrier                           261,998
  Accounts receivable-Other                            (750,245)
  Inventories                                           133,410
  Prepaid expenses                                      353,344
  Other Assets                                          (99,553)
                                                 --------------
     TOTAL ADJUSTMENTS                                6,556,039

Net cash used in operating activities                $5,059,682
                                                 ==============

For the month ended May 31, 2008, the Debtors disclose a total of
$20,141,176 of disbursements:

   Tricom S.A.                  $16,705,183
   Tricom USA Inc.                1,181,226
   TCN Dominicana S.A.            2,254,767

                        About Tricom S.A.

Tricom, S.A., was incorporated in the Dominican Republic on
January 25, 1988, as a Sociedad Anonima.  Tricom is one of the
pre-eminent full service communications services providers in
the Dominican Republic.  Headquartered in Santo Domingo, Tricom
offers local, long distance, and mobile telephone services,
cable television and broadband data transmission and Internet
services, which are provided to more than 729,000 customers.  

Tricom's wireless network covers about 90% of the Dominican
Republic's population.  Tricom's local service network is 100%
digital.  The Company also owns interests in undersea fiber-
optic cable networks that connect and transmit
telecommunications signals between Central America, the
Caribbean, the United States and Europe.

Tricom USA, Inc., a wholly owned subsidiary of Tricom, was
incorporated in Delaware in 1992, and at that time was known as
Domtel Communications.  A name change was effected in 1997 and
Domtel Communications formally became Tricom USA, Inc.

Tricom USA originates, transports and terminates international
long-distance traffic using switching stations and other
telecommunications equipment located in New York and Florida.

Tricom S.A. and its U.S. affiliates filed for Chapter 11
protection on Feb. 29, 2008 (Bankr. S.D. N.Y. Case No. 08-
10720).  Larren M. Nashelsky, Esq., at Morrison & Foerster LLP,
in New York City, represent the Debtors.  When the Debtors'
filed for protection from their creditors, they listed total
assets of US$327,600,000 and total debts of US$764,600,000.

(Tricom Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000)


TRICOM SA: Reports $2,337,457 Net Loss in June 2008
---------------------------------------------------

                        Tricom S.A., et al.
                    Consolidated Balance Sheet
                            (Unaudited)
                        As of June 30, 2008

ASSETS
Current Assets:
   Cash and Cash Equivalents                        $24,516,546
   Accounts Receivable                               24,175,577
   Inventories, Net                                   2,614,375
   Prepaid Expenses                                   9,754,659
   Deferred Income Taxes                                  8,285
                                                 --------------
     Total current assets                            61,069,442

   Property and equipment, net                      247,986,131
   Pledged Securities                                   141,092
   Intangible Assets                                  2,664,641
   Other assets                                       4,464,160
                                                 --------------
                                                   $316,325,466
                                                 ==============

               Liabilities and Stockholder's Equity

Liabilities Subject to Compromise (Prepetition)
   Short term obligations                              $121,070
   Accounts payable                                           -
   Long Term Debt                                   443,763,327
   Other liabilities                                  1,836,806
   Interest Payable                                 279,360,173
   Accrued expenses                                   8,858,885
                                                 --------------
                                                    733,940,261

Liabilities not Subject to Compromise (Postpetition)
   Accounts payable                                  26,459,206
   Interest Payable                                     373,931
   Accrued expenses                                   8,692,785
   Other liabilities                                    110,749
   Deferred Revenues                                  2,384,883
                                                 --------------
                                                     38,021,554

     Total current liabilities                      771,961,815
  
   Deferred income tax                                    8,534
                                                 --------------
     Total liabilities                             $771,970,349

Shareholder's equity:
   Common stock-Class A                              24,951,270
   Common stock-Class B                              12,595,095
   Additional Paid in capital                       275,496,988
   Legal reserve                                      2,043,242
   Retained earnings (Losses)                       (18,254,371)
   Retained earning (Loss) Prior years             (750,453,345)
   Currency translation                              (2,023,762)
                                                 --------------
      SHAREHOLDER'S EQUITY, NET                   ($455,644,883)
                                                
     TOTAL LIABILITIES & SHAREHOLDERS' EQUITY      $316,325,466
                                                 ==============

                        Tricom S.A., et al.
              Consolidated Statements of Operations
                            (Unaudited)
                For the Month Ended June 30, 2008

Operating revenues                                  $18,625,253
Operating costs & Administrative expenses           (18,454,491)
Restructuring Related Items                          (2,373,000)
                                                 --------------
     Operating income                                (2,202,238)

Interest expenses                                      (373,931)
Interest income                                          39,162
Foreign currency exchange                               161,822
Other                                                    37,728
                                                 --------------
     Total other income (expenses)                     (135,219)
                                                 --------------
     Net earnings (loss) Pre-Tax                     (2,337,457)

     Net earnings (Loss)                            ($2,337,457)
                                                 ==============

                        Tricom S.A., et al.
                     Statement of Cash Flows
                            (Unaudited)
                For the Month Ended June 30, 2008

Cash Flows from operating activities:
   Cash received from customers                     $16,725,596
   Cash Paid to suppliers and employees             (11,466,835)
   Restructuring Related Items                       (2,373,000)
   Interest received on deposits                         39,162
   Interest paid                                       (373,931)
   Other operating activities                           199,550
                                                 --------------
   Net cash provided by (used in)
     operating activities                             2,750,542

Cash flows from investing activities:
   Acquisition of property and equipment             (3,466,473)
   Pledged Securities                                      (477)
                                                 --------------
   Net cash used in investing activities             (3,466,950)

Cash Flows from financing activities[1]:
   Overdraft Obtained                                  (106,423)
   Borrowed funds from banks                             (5,255)
   Current portion of long term debt                    (37,952)
   Current portion of capital leases                     (5,629)
                                                 --------------
   Net cash provided (used) by
     financing activities                              (155,259)
                                                 --------------
Increase (Decrease) of cash and cash equivalents       (871,667)

Cash and cash equivalents at
   beginning of the period                           25,388,214

Cash and cash equivalents at end of the period      $24,516,547
                                                 ==============

Reconciliation between net earnings and net cash
provided by (used in) operating activities

  Net earnings (Loss)                                (2,337,457)

Adjustments to reconcile net earnings
(Loss) and net cash provided by (used in)
operating activities

   Depreciation                                       3,518,676
   Allowance for doubtful accounts                    1,047,854
   Amortizations issue cost                              18,077
INCREASE IN:
   Accounts receivable-Employees.                        22,410
   Accounts receivable-Customers                       (598,653)
   Prepaid expenses                                    (913,292)
   Earned Interest                                      156,843
   Accounts payable-Carriers                            870,235
   Accounts payable-Suppliers                         5,298,291
   Accrued expenses                                  (2,750,306)
   Accounts payable-Other                               (22,862)
   Other liabilities                                   (158,970)
DECREASE IN:
   Accounts receivable-Carrier                       (1,251,851)
   Accounts receivable-Other                            (49,153)
   Inventories                                          190,997
   Prepaid expenses                                    (353,344)
   Other Assets                                          63,047
                                                 --------------
      TOTAL ADJUSTMENTS                               5,087,999

Net cash used in operating activities                $2,750,542
                                                 ==============

For the month ended June 30, 2008, the Debtors disclose a total
of $21,093,521 of disbursements:

   Tricom S.A.                  $18,090,012
   Tricom USA Inc.                  829,497
   TCN Dominicana S.A.            2,174,012

                        About Tricom S.A.

Tricom, S.A., was incorporated in the Dominican Republic on
January 25, 1988, as a Sociedad Anonima.  Tricom is one of the
pre-eminent full service communications services providers in
the Dominican Republic.  Headquartered in Santo Domingo, Tricom
offers local, long distance, and mobile telephone services,
cable television and broadband data transmission and Internet
services, which are provided to more than 729,000 customers.  

Tricom's wireless network covers about 90% of the Dominican
Republic's population.  Tricom's local service network is 100%
digital.  The Company also owns interests in undersea fiber-
optic cable networks that connect and transmit
telecommunications signals between Central America, the
Caribbean, the United States and Europe.

Tricom USA, Inc., a wholly owned subsidiary of Tricom, was
incorporated in Delaware in 1992, and at that time was known as
Domtel Communications.  A name change was effected in 1997 and
Domtel Communications formally became Tricom USA, Inc.

Tricom USA originates, transports and terminates international
long-distance traffic using switching stations and other
telecommunications equipment located in New York and Florida.

Tricom S.A. and its U.S. affiliates filed for Chapter 11
protection on Feb. 29, 2008 (Bankr. S.D. N.Y. Case No. 08-
10720).  Larren M. Nashelsky, Esq., at Morrison & Foerster LLP,
in New York City, represent the Debtors.  When the Debtors'
filed for protection from their creditors, they listed total
assets of US$327,600,000 and total debts of US$764,600,000.

(Tricom Bankruptcy News, Issue No. 11; Bankruptcy Creditors'
Services Inc.; http://bankrupt.com/newsstand/or 215/945-7000)


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

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

Beginning balance in all accounts                   $23,624,829

RECEIPTS:
Receipts from operations                              3,719,495
Subtenant & TSA                                       1,033,352
Interest income                                          23,960
ZDE case                                                 32,973
                                                   ------------
Receipts Total                                        4,809,782

DISBURSEMENTS:
Payroll, taxes, & benefits
     Payroll & payroll taxes                          1,900,610
     401k                                               126,914
     UHC & Metlife                                      110,016
     Flex spending                                       20,000
     Insurance benefit invoices                          11,383
Necessary expenses
     Rent NY & SF                                     1,302,040
     Operating expenses                               1,608,450
     Financial restructuring                          1,314,067
     Restricted account disbursements                         -
     ZDE disbursements                                        -
                                                   ------------
Disbursements Total                                   6,393,484

Net Receipts (Disbursements)                         (1,583,702)

Ending Book Cash Balance                             22,041,127

Ending Bank Balance at 5/31/08
     Merrill Lynch - Main operating acct.            13,494,600
     Bank of New York - Legacy operating acct.                1
     Bank of New York - Overnight investment acct.      427,437
     U.S. Bank - Subscriptions receivable acct.          37,456
     Bank of New York - Advertising credit card         144,425
                        receivables acct.
     Merrill Lynch - Payroll acct.                       41,870
     Merrill Lynch - Flex acct.                           9,407
     Merrill Lynch - Refunds acct.                        4,084
     Merrill Lynch - Sweepstakes acct.                   17,120
     Merrill Lynch - Segregated acct.                 8,165,471
     JPMorgan Chase - Inactive                           59,244
     LaSalle Bank - Inactive                                  -
     U.S. Bank - Inactive                                10,000
                                                   ------------
Ending balance in all accounts                       22,411,118

Outstanding checks                                     (245,753)
Other reconciling items                                (124,238)
                                                   ------------
Ending Book Balance at 4/30/08                      $22,041,127
                                                   ============

Ziff Davis Media Inc. submitted to the Court, on July 22, 2008,
its Summary of Cash Receipts & Disbursements for the month of
June, but did not include a report on its Balance Sheet and
Statement of Operations.

A full-text copy of Ziff Davis' Monthly Operating Report for the
month of June is available for free at:

     http://bankrupt.com/misc/ZiffJune08MOR.pdf

                   About Ziff Davis Media, Inc.

Headquartered in New York city, New York, 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.

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.  

The Court confirmed the Debtors' Second Amended Plan of
Reorganization on June 17, 2008.  The Debtors emerged from
bankruptcy protection on July 1, 2008.  (Ziff Davis Bankruptcy
News, Issue No. 17, Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstandor 215/945-7000)

                             *********

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                             *********

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